Common use of Xxxx Deferral Clause in Contracts

Xxxx Deferral. Xxxx Deferral means an Elective Deferral (including a Catch-Up Deferral or an Automatic Deferral) which a Participant irrevocably designates as a Xxxx Deferral under Code §402A at the time of deferral and which is subject to income tax when made to the Plan. In the case of an Automatic Deferral, see Section 3.02(B)(7).

Appears in 2 contracts

Samples: 401(k) Plan Adoption Agreement (Knowles Corp), Defined Contribution Prototype and Volume Submitter Plan (Finisar Corp)

AutoNDA by SimpleDocs

Xxxx Deferral. Xxxx Deferral means an Elective Deferral (including a Catch-Up Deferral or an Automatic Deferral) which a Participant irrevocably designates as a Xxxx Deferral under Code §402A at the time of deferral and which is subject to income tax when made to the Plan. In the case of an Automatic Deferral, see the Plan makes such irrevocable designation in accordance with Section 3.02(B)(73.02(B).

Appears in 1 contract

Samples: 403(b) Volume Submitter Plan Adoption Agreement

AutoNDA by SimpleDocs

Xxxx Deferral. Xxxx Deferral means an Elective Deferral (including a Catch-Up Catch‑Up Deferral or an Automatic Deferral) which a Participant irrevocably designates as a Xxxx Deferral under Code §402A at the time of deferral and which is subject to income tax when made to the Plan. In the case of an Automatic Deferral, see Section 3.02(B)(73.02(B).

Appears in 1 contract

Samples: Defined Contribution Prototype Plan and Trust Agreement (Bob Evans Farms Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!