401(k) Election definition
Examples of 401(k) Election in a sentence
Contributions made to the Plan during the Plan Year by the Employer, at the election of the Participant, in lieu of cash compensation and shall include contributions that are made pursuant to a 401(k) Election.
If the Plan includes a CODA or thrift feature, in addition to the participation requirements set forth in Section 2.1.1, an Eligible Employee shall become a Participant upon filing his or her 401(k) Election or election to make Employee Thrift Contributions with the Administrator.
The Administrator may reduce the amount of any 401(k) Election, or make such other modifications as necessary, so that the Plan complies with the provisions of the Code.
A Participant's 401(k) Election shall remain in effect until modified or terminated.
Modification or termination of a 401(k) Election shall be made at such time as specified in the Adoption Agreement.
The 401(k) Election shall be made on a form provided by the Administrator but no election shall be effective prior to approval by the Administrator.
This completed Income Deferral Agreement – 401(k) Election Form was received by the Employer named below on (insert date received) and will be implemented as soon as administratively possible.
All questions with respect to the 401(k) Election Instructions Form raised by participants credited with CH2M 401(k) Shares (including, without limitation, questions relating to the time limits or effectiveness of revocation of any election and questions relating to computations as to allocations) will be determined by Jacobs or the Exchange Agent, whose determination shall be conclusive and binding.
If the 401(k) Election Instructions Form is signed by a trustee, executor, administrator, guardian, attorney-in-fact, officer of a corporation or other person acting in a fiduciary or representative capacity, such person should so indicate when signing, and proper evidence satisfactory to Jacobs and the Exchange Agent of the authority of such person so to act must be submitted.
The purpose of the 401(k) Election Instructions Form is for the participant who is credited with CH2M 401(k) Shares to direct Newport Trust Company, the independent fiduciary of the CH2M 401(k) Plan, to specify the number of CH2M 401(k) Shares with respect to which such participant makes a (x) Mixed Election, (y) Cash Election and (z) Stock Election (each as described in further detail in the 401(k) Election Instructions Form).