After-Tax Contributions definition

After-Tax Contributions means amounts withheld from an Employee’s Compensation pursuant to a Salary Reduction Agreement after all applicable state and federal taxes have been deducted. Such amounts are withheld for purposes of purchasing one or more of the Benefit Package Options available under the Plan.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

After-Tax Contributions means After-Tax Matched Contributions and After-Tax Unmatched Contributions.

After-Tax Contributions means any contributions made by a Participating Employer that are attributable to the reduction in compensation on an after-tax basis that a Participant elects from such Participating Employer each Plan Year as described in Section 4.01.

Examples of After-Tax Contributions in a sentence

Unless the After-Tax Contributions election form or other written procedures adopted by the Plan Administrator provide otherwise, a Participant may revoke an after-tax election (on a prospective basis) at any time.
In-service withdrawals from After-Tax Contributions will be allowed for any reason.
Upon becoming a Participant, an Eligible Employee may elect to make After-Tax Contributions to the Plan in an amount which does not exceed the limits described in the Contribution Percentage Limits paragraph of this Section 3.
If Employee After-Tax Contributions will not be permitted under the Plan, do not check this selection and skip the remainder of this Part 4D.
The election to have After-Tax Contributions made, the ability to change the rate of After-Tax Contributions, the right to suspend After-Tax Contributions, and the manner of commencing new After-Tax Contributions shall be permitted under any uniform method determined by the Committee from time to time.

More Definitions of After-Tax Contributions

After-Tax Contributions means contributions made by a Member pursuant to Section VI.A. hereof.

After-Tax Contributions means those contributions by a Participant to the Trust Fund in accordance with Article V which do not qualify as Before-Tax Contributions or Roth Contributions.

After-Tax Contributions means contributions made to the Trust Fund by a Participant pursuant to Section 3.1.

After-Tax Contributions means the voluntary contributions made by a Participant to the Plan on an after‑tax basis, as described in Plan section 4.1.

After-Tax Contributions means amounts withheld from an Employee's Compensation pursuant to a Salary Reduction Agreement after all applicable state and federal taxes have been deducted. Such amounts are withheld for purposes of purchasing one or more of the Benefit Package Options available under the Plan.

After-Tax Contributions means the sum of Basic After-Tax Contributions and Additional After-Tax Contributions.

After-Tax Contributions means contributions made pursuant to Section 4.2 of the Plan by a Participant on an after-tax basis.