Contribution Credits definition

Contribution Credits means Participant Contribution Credits, Automatic Company Contribution Credits, Employer Matching Contribution Credits and Deemed Matching Contribution Credits.

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Contribution Credits means a number of contributions made in respect of a depositor; "contribution period" means, where wages are paid to an employee—

Contribution Credits. ' means number of contributions made in respect of an insured person;

Examples of Contribution Credits in a sentence

If the Fund does not renew membership with respect to Employer or any successor owner, then no party will be eligible for Contribution Credits.
No credits, refunds, dividends or Contribution Credits of any kind shall be payable to, paid to or credited against any debts owed to the Fund by any person or entity who is not a member of the Fund on the date established by the Trustees as of the date the credit, refund, dividend or Contribution Credit becomes effective (the “Effective Date”), even if the person or entity was a member of the Fund during the period to which the credit, refund, dividend or Contribution Credit relates.
Any rights to Contribution Credits accruing after a change in ownership with respect to periods prior to such change in ownership shall remain with Employer named in this Agreement provided such Employer's membership is renewed in accordance with Section 11.
In no circumstances, however, shall the Account of a Participant be credited with Contribution Credits for a Plan Year under more than one Schedule.
At no time will any Contribution Credits be paid that would impair the capital of the Fund.
The Board shall have full and final discretion to determine the form of the Contribution Credits.
All Contribution Credits shall be approved, calculated and applied based solely on the terms and conditions of the Retrospective Rating Plan.
Notwithstanding anything in this Plan to the contrary, the Total Retirement Income of a Participant or Former Participant shall be limited to fifty percent (50%) of the Participant’s or Former Participant’s Final Average Pay, and a Participant’s or Former Participant’s Contribution Credits and/or Annual Indexation Credits, as applicable, under this Plan shall be adjusted as set forth in Section 4.4(d) below in order to ensure that such limit is observed.
Accordingly, any election or deemed election with respect to the distribution of benefits related to Employer Contribution Credits shall also apply to any Participant Compensation Deferrals and any election or deemed election regarding the distribution of benefits related to Participant Compensation Deferrals shall also apply to Employer Contribution Credits.
With respect to any year during which it has been determined that the Employer has been Profitable, the Employer may award to such Participant the Employer Contribution Credits provided in Section 3(a) of this Agreement.

More Definitions of Contribution Credits

Contribution Credits means additions to a Participant’s Account described in Section 4.2.

Contribution Credits means an amount equal to the difference between (i) the Company Credits credited to the Participant’s Retirement Account for the calendar month, and (ii) the Company Credits that would have been credited to the Participant’s Retirement Account for such calendar month but for the restrictions of Code Sections 401(a)(17) and 415. Such Contribution Credits will be credited to the Account of each Participant under the Plan as of the last day of each calendar month beginning on or after January 1, 2008.

Contribution Credits means an amount equal to the difference between (i) the aggregate amount credited to the Participant’s account under the Retirement Plan for such calendar year pursuant to Section 6.02 thereof, and (ii) the aggregate amount that would have been credited to the Participant’s account under the Retirement Plan for such calendar year, but for the restrictions of section 401(a)(17) and section 415 of the Code. Such Contribution Credits will be credited into the Account of each Participant under the Plan as of the last day of each calendar year beginning on or after December 31, 2007.

Contribution Credits means the amounts credited to a Participant’s Account pursuant to Article IV.

Contribution Credits means additions to a Participant's Account described in Section 4.2.