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.

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.

Examples of Compensation Reduction Election in a sentence

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 ▇▇▇▇ 403(b) Contributions, his or her investment direction, and his or her designated Beneficiary.
The Compensation Reduction Election shall remain in effect, notwithstanding any change in Compensation, until such Participant shall change such Compensation Reduction Election or until he shall cease to be a Participant.
Each Employer shall contribute to the Trust, as a Before-Tax Contribution on behalf of each Active Participant employed by the Employer, the amount by which such Participant's Compensation has been reduced by the Participant's Compensation Reduction Election.
Each Plan Year each Participant's Compensation shall be reduced by the amount (if any) specified in the Participant's Compensation Reduction Election and the amount by which the Participant's Compensation is reduced shall be contributed to the Trust by the Participant's Employer as an Employer Compensation Reduction Contribution.
Such Eligible Employee shall become a Participant in the Plan upon making a Compensation Reduction Election pursuant to Section 4.2 or upon electing to make Employee After-Tax Contributions pursuant to Section 4.5. Admission to participation in the Plan shall only be made when an Eligible Employee is not on an Authorized Leave of Absence or serving with the Armed Forces of the United States.
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.
A Participant may make, change or revoke a Compensation Reduction Election at any time, provided that any such election, change or revocation shall apply solely to Compensation that is not yet payable as of the date of such election, change or revocation.
A Participant's initial Compensation Reduction Election may be made at any time and shall be effective commencing with the first pay period following the date the Compensation Reduction Election is received by the Committee.
A Participant's first Compensation Reduction Election shall be in writing.

More Definitions of Compensation Reduction Election

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.

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.

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.

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)).