Compensation Deferral Contributions definition

Compensation Deferral Contributions means contributions made by the Employer pursuant to an election by the Member to reduce the cash compensation otherwise currently payable to such Member by an equivalent amount, in accordance with the provisions of Section 3.1 (Compensation Deferral Contributions).

Compensation Deferral Contributions means amounts contributed to the Plan by a Participant as Before Tax Deposits pursuant to Section 4.2(a), including excess Before Tax Deposits (as defined in Section 4.4(a)) of Highly Compensated Participants but excluding (1) excess Before Tax Deposits of all other Participants that arise solely from Before Tax Deposits made under the Plan or plans of the Company, (2) Before Tax Deposits that are taken into account in the Actual Contribution Percentage test (as defined in Section 6.11) provided that the Actual Deferral Percentage test is satisfied both with and without exclusions of these Before Tax Deposits, and (3) any deferrals properly distributed as excess Annual Additions. Compensation Deferral Contributions may include, at the election of the Company, any Company Contributions that meet the requirements for such inclusion under Code Section 401(k)(3)(C).

Compensation Deferral Contributions means the amounts contributed to the Plan on behalf of Participants pursuant to Participants' elections under Section 2.020(a)(i).

Examples of Compensation Deferral Contributions in a sentence

• The determination and treatment of Compensation Deferral Contributions and the Actual Deferral Percentage of any Participant shall satisfy such other requirements as may be prescribed by the Secretary of the Treasury.

• Further, for the purposes of this Section, Compensation Deferral Contributions made on behalf of each Highly Compensated Employee shall be determined by treating all cash or deferred arrangements under which each such Highly Compensated Employee is eligible as a single arrangement.

• Such additional Compensation Deferral Contributions in any payroll period shall be in whole percentages of the Veteran's current payroll and shall not exceed the maximum amount that could have been deferred at the Deemed Compensation Rate.

• For purposes of this Section, the term "Deferral Percentage" with respect to any Plan Year means the Compensation Deferral Contributions for the Plan Year divided by Compensation.

• Each Member who is an Eligible Employee may elect to have the Employer make Compensation Deferral Contributions not to exceed $9,500 per year (subject to adjustment for inflation in accordance with Section 415(d) of the Code) to the Plan on such Member's behalf to be credited to such Member's Compensation Deferral Contributions Account, in which case the cash compensation otherwise payable by the Employer to the Member shall be reduced by an amount equal to the Compensation Deferral Contributions so made.

More Definitions of Compensation Deferral Contributions

Compensation Deferral Contributions means amounts contributed to the Plan by a Participant as Tax Deferred Contributions pursuant to Section 4.2(a), including excess Tax Deferred Contributions, and may include, at the election of the Company, any Company Contributions which meet the requirements for such inclusion under Code Section 401(k)(3)(D).

Compensation Deferral Contributions means the amounts described in Subsection 4.1.

Compensation Deferral Contributions means amounts contributed to the Plan by a Participant as Elective Deferrals pursuant to Section 4.2(a), including excess Elective Deferrals (as defined in Section 4.4(a)) of Highly Compensated Participants but excluding (1) excess Elective Deferrals of all other Participants that arise solely from Elective Deferrals made under the Plan or plans of the Company, (2) Elective Deferrals that are taken into account in the Actual Contribution Percentage test (as defined in Section 6.11) provided that the Actual Deferral Percentage test is satisfied both with and without exclusions of these Elective Deferrals, and (3) any deferrals properly distributed as excess Annual Additions. Compensation Deferral Contributions may include, at the election of the Company, any Company Contributions that meet the requirements for such inclusion under Code Section 401(k)(3)(C).

Compensation Deferral Contributions means amounts contributed to the Plan by a Participant as Before Tax Deposits pursuant to Section 4.1 of this Appendix, including any other amounts prescribed under PR-Code Section 1165(e) and applicable regulations. To the extent determined by the Committee and in accordance with regulations issued by the Puerto Rico Secretary of the Treasury, matching contributions and qualified nonelective contributions on behalf of a Participant that satisfy the requirements of PR-Code Section 1165(e)(3)(D)(ii) may also be taken into account for the purpose of determining the Actual Deferral Percentage of such Participant.

Compensation Deferral Contributions means the amounts described in Article 4.1.

Compensation Deferral Contributions means the amounts described in Section 4.1.

Compensation Deferral Contributions means the Before-Tax Compensation Deferral Contributions and Roth Compensation Deferral Contributions of the Company under this Plan made by reason of a Participant foregoing Compensation otherwise payable in accordance with Section 3.1(a) (Company Contributions — Compensation Deferral Contributions). Default Compensation Deferral Contributions shall be treated as Compensation Deferral Contributions for all purposes of the Plan. Additionally, Catch-up Contributions shall be treated as Compensation Deferral Contributions for all purposes of the Plan, except that Catch-up Contributions shall not be treated as Compensation Deferral Contributions for purposes of Section 3.4 (Section 402(g) Limit on Compensation Deferral Contributions), Section 3.5 (Section 401(k) Limitations on Compensation Deferral Contributions), Section 3.6 (Section 401(m) Limitations on After-Tax Employee Contributions and Company Matching Contributions) or Article X (Limitation on Annual Additions) when otherwise permitted by applicable law, or when a provision of the Plan expressly provides otherwise. Catch-up Contributions are not counted in determining the minimum allocation under Section 416 of the Code (but Catch-up Contributions made in prior years are counted in determining whether the Plan is top heavy).