Automatic Deferral definition

Automatic Deferral means the amount (if any) that a Participant is deemed to defer in accordance with an Automatic Contribution Arrangement. The effective date of an Employee's Automatic Deferral will be as soon as practicable after the Employee is subject to Automatic Deferrals described by the Adoption Agreement, Section 12.2(b) and/or 12.9, consistent with (a) applicable law, and (b) the objective of affording the Employee a reasonable period of time after receipt of the notice to make an Affirmative Election (and, if applicable, an investment election). All Automatic Deferrals constitute Elective Deferrals.
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Automatic Deferral means the automatic deferral of fifty percent of a Director’s Compensation as described in Section 3.1 below.
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Automatic Deferral means any amount automatically deferred to this Plan pursuant to Section 3.4 of this Plan.
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Examples of Automatic Deferral in a sentence

  • The Automatic Deferral Percentage will or will not increase in Plan Years following the Plan Year containing the Automatic Deferral Effective Date (or, if later, the Plan Year or partial Plan Year in which the Automatic Deferral first applies to a Participant) as follows (Choose e., f.

  • All Participants, except those who have in effect a Salary Reduction Agreement on the Automatic Deferral Effective Date regardless of the Elective Deferral amount under the Agreement.

  • The Automatic Deferral provisions apply to Employees who become Participants on or after the effective date of these Automatic Deferral provisions, except as otherwise provided herein.

  • All existing Participants, except those who have an Affirmative Election in effect on the effective date of these Automatic Deferral provisions.

  • These Automatic Deferral provisions have applied since the date Elective Deferrals were first permitted under this Plan.

  • For each affected Participant, the Employer will withhold % from the Participant’s Includible Compensation each payroll period as the Automatic Deferral Percentage, unless the Participant makes a Contrary Election.

  • The Employer, as to each Participant affected, will withhold as the Automatic Deferral Percentage, % from the Participant’s Compensation each payroll period unless the Participant makes a Contrary Election.

  • The Automatic Deferral Percentage will increase by % per year up to a maximum of % of Compensation with respect to all Participants who are subject to the Automatic Deferral described in Election 19(b)(2).

  • The Automatic Deferral applies to the following active Participants who are not suspended from making deferral contributions, subject to the Plan Administrator’s restrictions on the frequency of changes to Participants’ Salary Reduction Agreements (Choose one or more of a., b., c., d.

  • All Participants who do not have an effective Salary Reduction Agreement on the Automatic Deferral Effective Date.


More Definitions of Automatic Deferral

Automatic Deferral means the automatic deferral as described in Section 3.1 below.
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Automatic Deferral means the portion of a Director’s annual retainer that is automatically deferred under this Plan pursuant to Section 6.1.
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Automatic Deferral means the automatic Compensation deferral described in Section 4.1(b) made by a Participant who has elected to defer the 401(k) Max under the 401(k) Plan.
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Automatic Deferral means an arrangement wherein each Employee eligible to participate in the Plan is treated as having elected to have the Employer make Employee Before-Tax Contributions in an amount equal to a Qualified Percentage of Earnings unless such Employee makes an affirmative election to not have such Employee Before-Tax Contributions made or to make Employee Before-Tax Contributions at a level specified in such affirmative election. Article 3.01 is intended to provide Automatic Deferrals.
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Automatic Deferral means the Compensation deferral described in Section 4.1 made by a Participant who has reached the statutory limits on annual compensation (as provided and defined in section 1.5 of the 401(k) Plan), elective deferrals or contributions or benefits under the 401(k) Plan.
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Related to Automatic Deferral

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee's account under any plan of an Employer or a Related Company solely on account of "elective contributions" made on his behalf or "employee contributions" made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • Deferrals means the amount of the Director’s Compensation that the Director elects to defer according to this Agreement.

  • Elective Deferrals are all Salary Reduction Contributions and that portion of any Cash or Deferred Contribution which the Employer contributes to the Trust at the election of an Eligible Employee. Any portion of a Cash or Deferred Contribution contributed to the Trust because of the Employee's failure to make a cash election is an elective deferral. However, any portion of a Cash or Deferred Contribution over which the Employee does not have a cash election is not an elective deferral. Elective deferrals do not include amounts which have become currently available to the Employee prior to the election nor amounts designated as nondeductible contributions at the time of deferral or contribution.

  • Matching Contributions means local cash and/or in-kind contributions made by the Contractor, a subcontractor, or other local resources that qualify as match for the Contract funding.