Basic Deposits definition

Basic Deposits means that amount, not less than 1%, nor more than 7%, except that Participants who are Employees of CEA Newark Bay Services, Inc. shall be entitled to elect maximum Basic Deposits of 8%, (or such lower maximum percentages as may be established by the Committee) of a Participant's Compensation, contributed to the Plan through payroll deduction by or on behalf of a Participant which is entitled to be matched by Employer Contributions.
Sample 1Sample 2
Basic Deposits means that amount, not less than 1%, nor more than 8% (or such lower maximum percentage as may be established by the Committee) of a Participant's Compensation, contributed to the Plan through payroll deduction by or on behalf of a Participant which is entitled to be matched by Employer Contributions.
Sample 1Sample 2Sample 3
Basic Deposits means that amount, not less than 1%, nor more than 8% of a Participant's Compensation, contributed to the Plan through payroll deduction by or on behalf of a Participant which is entitled to be matched by Employer Contributions.
Sample 1Sample 2

Examples of Basic Deposits in a sentence

  • A withdrawal pursuant to this Section 5.06(a) shall be deducted from the Participant's subaccounts in the following order, with each subaccount being exhausted before amounts are deducted from the next subaccount: (1) Supplemental Contributions; (2) Rollover Contributions; (3) Basic Deposits; (4) Matching Contributions; and (5) Deferred Profit Sharing Contributions.

  • Basic Deposits and Supplemental Contributions shall be made by payroll deduction.

  • The Participant's Basic Deposits and Supplemental Contributions under this Plan and all elective deferrals or employee contributions under any other qualified or non- qualified pension, profit sharing, retirement or deferred compensation plan (other than mandatory contributions to a defined benefit plan) maintained by the Company or any Affiliate shall be suspended for at least twelve (12) months following the hardship withdrawal.

  • The Company Stock Fund shall constitute an available investment fund only with respect to Basic Deposits, Supplemental Contributions, Matching Contributions and Deferred Profit Sharing contributions, and the earnings thereon, allocated to the Participant's account on or after January 1, 1995 ("Post-1994 Contributions").

  • An account shall be established for each Participant with separate subaccounts, as needed, to reflect the Participant's: (i) Basic Deposits, (ii) Matching Contributions, (iii) Deferred Profit Sharing Contributions, (iv) Rollover Contributions, and (v) Supplemental Contributions.

  • The Participant is not required to elect to make Basic Deposits and/or Supplemental Contributions when first eligible to do so, but may file the election a later time, provided that the eligibility requirements of Section 2.01 are satisfied at the time of the election.

  • The Highly Compensated Employees with respect to whom a distribution will be made shall be determined by reducing (or leveling) the maximum allowable level of Basic Deposits to a percentage determined by the Committee that, if applied to all Highly Compensated Employees with a deferral percentage above that level, would result in the average deferral percentage test being satisfied for the year.

  • A Participant may file a written election to make Basic Deposits and/or Supplemental Contributions.

  • In the event that a Borrower defaults on an outstanding loan, the Borrower's ability to make Basic Deposits and Supplemental Contributions shall be suspended for a period of at least twelve (12) months following the default as if such default had constituted a hardship withdrawal under Section 5.07(c)(iii).

  • A withdrawal pursuant to this Section 5.07(a) shall be deducted from the Participant's subaccounts in the following order, with each subaccount being exhausted before amounts are deducted from the next subaccount: (1) Supplemental Contributions; (2) Rollover Contributions; (3) Deferred Profit Sharing Contributions; (4) Matching Contributions; and (5) Basic Deposits.


More Definitions of Basic Deposits

Basic Deposits means the amounts designated by a
Sample 1
Basic Deposits means all deposits made by a Participant to his Employee Account other than as provided in Article X.C.1.b., not in excess of the following percentages of the Participant's Compensation at the time of such deposit:
Sample 1
Basic Deposits means all deposits:
Sample 1
Basic Deposits means the payroll deduction contributions (or contributions paid by an alternate means if required under local law and authorized by P&G and/or the Participating Company) made to the Plan by a Member that the Participating Company will Match.
Sample 1

Related to Basic Deposits

  • Class B Servicing Fee shall have the meaning specified in Section 3.01.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Deposits means all deposits (as defined in 12 U.S.C. § 1813(l)) that are held by any Seller or any of its Affiliates in connection with the Business, in each case, in the name or for the benefit of any clients or customers under the Appointments solely in their capacity as clients or customers of the Business and including any such deposits received by any Seller from and after the date hereof through the close of business on the Closing Date.

  • Class A Servicing Fee shall have the meaning specified in Section 3.01.

  • Interest Reserve Account As defined in Section 3.4(d).

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.