Bank Contribution definition
Bank Contribution means the contribution to the Deferral Account, if any, as set forth in Section 3.1.
Bank Contribution means the amounts credited on behalf of the Executive by the Bank to the Executive’s Account under the terms of the Plan.
Bank Contribution means any amount credited by the Bank to a Deferral Account on behalf of the Executive.
Examples of Bank Contribution in a sentence
Donors will complete a “Catastrophic Sick Leave Bank Contribution Form.” The donor will be notified of the number of sick leave days deducted from the donor’s accrued total.
All contributions to the CSLB must be made on the Catastrophic Sick Leave Bank Contribution form and submitted to the Treasurer.
If errors appear on the Sick Leave Bank Contribution Form, the contributing teacher shall be notified by the Office of the Superintendent, so that proper corrections may be made.
In addition to any Deferrals, the Bank may, at any time, make a Bank Contribution to the Deferral Account.
The Sick Leave Bank Contribution Form shall be available to all certified staff in the Office of the Principal in each building, in the Office of the Superintendent, or from the Committee Chair-person.
More Definitions of Bank Contribution
Bank Contribution means the amount the Bank credits to the Executive’s Bank Contribution Account as a nonelective contribution in accordance with Section 3.2 of the Plan. This shall be 20% of Executive’s annual base salary, not including any annual bonuses, group-term life insurance premiums, any noncash benefit provided to the Executive, or any fringe benefit under Code Section 132, whether or not excludible from gross income. This contribution shall be calculated before any payroll reduction for any amounts deferred by the Executive pursuant to the Bank’s tax qualified plans maintained under Code Section 401(a) or a plan maintained under Code Section 125, or under this Plan.
Bank Contribution means the amount the Bank credits to the Executive’s Deferral Account accordance with Section 3.2 of the Plan. The initial amount credited for the first Plan Year shall be $355,038.00.
Bank Contribution means the contribution to the Holdback Account as set forth in Article 3.
Bank Contribution means, as of any date of determination, the dollar amount, if any, by which (a) the aggregate amount of all dividends paid by the Bank to the Trust since October 1, 2003, exceeds (b) the sum of (i) Accumulated Interest, multiplied by (1 (one) - the Bank Tax Rate), plus (ii) 50% of the difference of (A) 80% of the cumulative Consolidated Bank Net Income (Loss) since October 1, 2003, minus (B) the amount determined pursuant to clause (b)(i) of this definition, minus (iii) the Bank Stock Purchase Amount; provided, however, that if at any time between October 1, 2003 and the date of determination of the Bank Contribution, the Trust shall own more or less than 80% of the outstanding common stock of the Bank, the Bank Contribution shall be calculated for each period of varying ownership as set forth in this definition by substituting the percentage ownership of common stock of the Bank for the 80% in clause (b)(ii)(A) of this definition; provided further that if the amount in clause (b) exceeds the amount in clause (a), the absolute value of such excess shall be referred to herein as the “Available Amount.”
Bank Contribution means, as of any date of determination, the dollar amount, if any, by which (a) the aggregate amount of all dividends paid by the Bank to the Trust since October 1, 1997, exceeds (b) the sum of (i) Accumulated Interest, multiplied by (1 (one) - the Bank Tax Rate), plus (ii) 50% of the difference of (A) 80% of the cumulative Consolidated Bank Net Income (Loss) since October 1, 1997, minus (B) the amount determined pursuant to clause (b)(i) of this definition, minus (iii) the Bank Stock Purchase Amount; provided, however, that if at any time between October 1, 1997 and the date of determination of the Bank Contribution, the Trust shall own more or less than 80% of the outstanding common stock of the Bank, the Bank Contribution shall be calculated for each period of varying ownership as set forth in this definition by substituting the percentage ownership of common stock of the Bank for the 80% in clause (b)(ii)(A) of this definition; provided further that if the amount in clause (b) exceeds the amount in clause (a), the absolute value of such excess shall be referred to herein as the "Available Amount."
Bank Contribution means the amount credited to the ------------------ Deferred Contribution Account of a Participant annually representing a mandatory deferral by the Participant of ten percent of the Annual Bonus Award under the Nittany Bonus Plan determined for such Participant for that calendar year, as detailed at Section 2.7(a) hereinafter.
Bank Contribution means any discretionary contribution the Bank makes to the Deferral Account as described in Section 2.5.