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

• 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.

• 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.

• A Member who has suspended Compensation Deferral Contributions may resume having such contributions made on his or her behalf commencing on the second Enrollment Date following the month in which the Appropriate Notice is given to the Committee.

• Compensation Deferral Contributions made on a Member's behalf may be increased or decreased or suspended effective on the second Enrollment Date following the month in which the Appropriate Notice is given to the Committee.

• Subject to the limitations prescribed in Section 4.1 the amount of Compensation Deferral Contributions in any payroll period shall be in whole percentages from 1% to 17% of the Member's Compensation as the Member shall designate (or such greater or lesser percentages as the Committee may from time to time prescribe for the Plan).

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 contributed to the Plan on behalf of Participants on and after November 30, 1985 pursuant to Participants' elections under Section 2.020(a).

Compensation Deferral Contributions means the amounts described in Article 4.1.

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 excess Before Tax Deposits (as defined in Plan Section 4.4(a)) of the Top One-Third Highly Compensated Employees but excluding (1) excess Before Tax Deposits of all non-Top One-Third Highly Compensated Employees 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 Average Contribution Percentage test (as defined in Plan 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. 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.