Compensation Reduction Election definition

Compensation Reduction Election means the agreement entered into by a Participant as provided in Section 5.04, whereby a Participant agrees to a reduction in the compensation otherwise payable to him thereafter, which amount shall be contributed by the Trust on behalf of the Participant.
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Compensation Reduction Election means an election by an Employee to reduce his or her Compensation and have that amount contributed as an Elective Deferral on his or her behalf to one or more Investment Arrangements pursuant to a Salary Deferral Agreement.
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Compensation Reduction Election means an election to have his Compensation reduced by an amount to be contributed by the Employer or a Participating Employer as an Elective Deferral on his behalf to one or more Investment Arrangements.
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Examples of Compensation Reduction Election in a sentence

  • Each Compensation Reduction Election shall be made on a form provided by the Administrator and shall specify such additional information as the Administrator may require.

  • A Participant may elect, at the time he completes his Compensation Reduction Election for a Plan Year to have such Plan Year’s Account paid in a lump sum or in annual installments of two to ten years.

  • This election will be referred to as a Compensation Reduction Election, and such Contributions will be referred to as Compensation Reduction Contributions.

  • Irrespective of the Compensation Reduction Election, the reduction of Compensation shall not affect the calculation of Base Salary for purposes of computing other benefits such as retirement, contributions to the deferred compensation plan, overtime compensation, and Social Security.

  • An Eligible Employee may become a Participant for the Plan Year by delivering an executed Compensation Reduction Election to the Administrator in accordance with the procedures set forth in the following Plan section.

  • A Compensation Reduction Election is a written agreement between a Participant and his Participating Employer that satisfies the requirements of this Section 5.02 and Section 4.02.

  • Subject to the provisions of the applicable Individual Agreements, an Employee may, as of the dates designated under the Compensation Reduction Election or other written procedures adopted by the Administrator, revise his or her participation election, including a change of the amount of his or her Elective Deferrals, his or her Roth 403(b) Contributions, his or her investment direction, and his or her designated Beneficiary.

  • You acknowledge that failure to accept the Option Exercise Extension on or before the Option Offer Expiration Time only impacts your right to the Option Exercise Extension and not any other provision of this Agreement.

  • This Compensation Reduction Election shall be made through an agreement provided by the Administrator or its designated agent under which the Employee agrees to be bound by all the terms and conditions of the Plan.

  • Maximum one page (Not counted in page total)Maximum Score: 20 pointsComplete and submit a budget following these instructions: 5a) Applicants are instructed to prepare an annual budget based on the maximum award as listed for the region in which they are applying.


More Definitions of Compensation Reduction Election

Compensation Reduction Election means an election made in the proper form, completed in the manner prescribed by the Administrative Committee (through paper, electronic or other means) which has been completed by and submitted by the Participant to the Administrative Committee as provided in Section 4.1 and which designates a contribution as either a Before-Tax Contribution, a Roth Contribution or an After-Tax Contribution. Section 2.18 Deemed Employee
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Compensation Reduction Election means an election made in the proper form, completed in the manner prescribed by the Administrative Committee (through paper, electronic or other means) which has been submitted by the Participant to the Administrative Committee as provided in Section 4.1.
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Compensation Reduction Election means the properly completed and executed form provided by the Administrative Committee which has been filed by the Participant with the Administrative Committee as provided in Section 4.1. A "Bonus Compensation Reduction Election" shall apply to Bonus Compensation (as defined in Section 2.13(a)). A "Payroll Compensation Reduction Election" shall apply to Payroll Compensation (as defined in Section 2.13(a)).
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Compensation Reduction Election means the properly completed form (or other process) provided by the Administrative Committee which has been filed by the Participant with the Administrative Committee as provided in Section 4.2.
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Compensation Reduction Election means the properly completed and executed Compensation Reduction Election Form which has been filed by the Participant with the Committee as provided in Section 4.5.
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Related to Compensation Reduction Election

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.

  • Deferral Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the amount of the Deferrals.

  • Salary reduction plan means a benefit plan whereby state and

  • Compensation Deferral means the amount or amounts of the Director's Compensation deferred under the provisions of Section 3 of this Agreement.

  • Deferral Contribution means any contribution made to the Plan by the Employer in accordance with the provisions of Section 5.03.

  • Distribution Election With respect to any Series, as specified in the related Supplement.

  • Deferral Year means each calendar year during which the Director makes, or is entitled to make, Compensation Deferrals under Section 3 hereof.

  • 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

  • Deferral Agreement means the annual written agreement between the Funds and the Participant to defer Compensation under the Plan.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Bonus Deferral means the amount of a Participant’s Bonus Compensation which the Participant elects to have withheld on a pre-tax basis from his Bonus Compensation and credited to his account pursuant to Section 4.1.

  • Salary Reduction Agreement means an agreement between a dis- trict and an employee to reduce the employee’s salary for the pur- pose of making direct contributions to or purchases of a qualified investment product. Art. 6228a-5, Sec. 4(5), Tex. Rev. Civ. Stat.

  • Safe Harbor Election has the meaning set forth in Section 10.2(d).

  • LCA Election has the meaning specified in Section 1.09(a).

  • 10) Election has the meaning set forth in Section 6.05(a).

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Primary election means any regular primary election held under the election

  • Annual Deferral Amount means that portion of a Participant's Base Annual Salary and Annual Bonus that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant's Retirement, Disability (if deferrals cease in accordance with Section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

  • Payment Election means an election pursuant to Section 5.1.

  • Non-Elective Contribution means the Employer contributions to the Plan excluding, however, contributions made pursuant to the Participant's deferral election provided for in Section 4.2 and any Qualified Non-Elective Contribution used in the "Actual Deferral Percentage" tests.

  • 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.

  • Distribution Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the time and form of distribution.

  • Election Form means the form established from time to time by the Committee that a Participant completes, signs and returns to the Committee to make an election under the Plan.

  • Deferral means the amount or amounts of a Participant’s Compensation deferred under the provisions of Section 3.

  • Special election means an election held as authorized by Section 20A-1-203.

  • Deferral Amount means the sum of all of a Participant's Annual Deferral Amounts.