Contribution Holidays definition

Contribution Holidays means the full or partial reduction of the contributions normally required to be paid by Employees and the Employer into the CBE Shared Risk Plan where such reductions are shared in the same proportion as required contributions from the Employees and Employer, in accordance with the Funding Policy.
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Contribution Holidays means the full or partial reduction of the contributions normally required to be paid by Teachers who are Members, Non-certified Teachers who are Members, Supply Teachers who are Members and the Employer into the New Brunswick Teachers’ Pension Plan where such reductions are required under the Income Tax Act, and in accordance with the Funding Policy.
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Contribution Holidays means the full or partial reduction of the contributions normally required to be paid by Employees and MLAs who are Members, the Employer, and the Province with respect to MLAs, into the New Brunswick Public Service Pension Plan where such reductions are required under the Income Tax Act, and in accordance with the Funding Policy.
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Examples of Contribution Holidays in a sentence

  • Surplus Ownership and Contribution Holidays The view that actuarial funding surpluses belong to pension plan members has long been and remains a cornerstone of the labour movement’s perspective on the pension system.

  • Contribution Holidays granted in respect of Member’s contributions to a Locked In Account will be made in accordance with the Complying Fund Rules.

  • Further details about Contribution Holidays are available from Milford or the IRD website.

  • National Insurance Contribution Holidays - ran from April 1996 to April 1999.

  • Contribution Holidays Contribution holidays are limited by the going concern and solvency positions of the plan as at the valuation date.

  • Contribution Holidays The parties agree that they will jointly approach the Ontario to amend the Power Corporation Act to permit the Corporation to take contribution holidays from April to the earlier of the date the collective agreement expires or the date subsection of the Power Corporation Act is repealed.

  • The Ontario Government should support changes to the Income Tax Act to reduce the requirement and opportunity for employers to take Contribution Holidays.

  • Contribution Holidays Contribution holiday – Given the current fina ncial state of the plan, there will be no continuation of the contribution holiday by Inergi LP in the new Inergi LP Pension Plan.

  • Sick Leave Credits Old Sick Leave Plan Contribution Holidays Buy-back of Service Administrative Pens Part XI Relocation Article Preferred Parking Arrangements Article -Special Clothing Article Extramural Training Article Problem-SolvingTeams Article -Change of Work Headquarters (Nuclear Subsidiary Agreement Only) General Administrative.

  • Our R mainly focuses on the fusion effect after registration, so that an U-Net like micro module is designed.


More Definitions of Contribution Holidays

Contribution Holidays means the full or partial reduction of the contributions normally paid by Employees and the Employer into the CSJ Shared Risk Plan where such reductions are required under the Income Tax Act.
Sample 1
Contribution Holidays means the full or partial reduction of the contributions normally paid by Members and Employers into the Plan where reductions are shared in the same proportion as required contributions from the Members and Employers, in accordance with the Funding Policy.
Sample 1

Related to Contribution Holidays

  • Contribution Period means the period specified in Article VI for which Employer Contributions shall be made.

  • Contribution Date has the meaning set forth in Section 4.3 hereof.

  • Accumulated contributions means the sum of all

  • Elective Contributions are amounts excludible from the Employee's gross income under Code Sections 125, 402(a)(8), 402(h) or 403(b), and contributed by the Employer, at the Employee's election, to a Code Section 401(k) arrangement, a Simplified Employee Pension, cafeteria plan or tax-sheltered annuity. The term "Compensation" does not include:

  • Employee Contributions are contributions made by a Participant on an after-tax basis, whether voluntary or mandatory, and designated, at the time of contribution, as an employee (or nondeductible) contribution. Elective deferrals and deferral contributions are not employee contributions. Participant nondeductible contributions, made pursuant to Section 4.01 of the Plan, are employee contributions.

  • Matching Contributions means local cash and/or in-kind contributions made by the Subrecipient, subcontractor, or other local resources that qualify as match for the Contract funding.

  • Campaign Contribution means a gift, subscription, loan, advance or deposit of money or other thing of value, including the estimated value of an in-kind contribution, that is made to or received by an applicable public official or any person authorized to raise, collect or expend contributions on that official’s behalf for the purpose of electing the official to either statewide or local office. “Campaign Contribution” includes the payment of a debt incurred in an election campaign, but does not include the value of services provided without compensation or unreimbursed travel or other personal expenses of individuals who volunteer a portion or all of their time on behalf of a candidate or political committee, nor does it include the administrative or solicitation expenses of a political committee that are paid by an organization that sponsors the committee.

  • Charitable contribution means any donation or gift of money or any other thing of value.

  • Paid sick leave – means paid leave under the Emergency Paid Sick Leave Act.

  • Elective Contribution means the Employer's contributions to the Plan of Deferred Compensation excluding any such amounts distributed as excess "annual additions" pursuant to Section 4.10(a). In addition, any Employer Qualified Non-Elective Contribution made pursuant to Section 4.6 shall be considered an Elective Contribution for purposes of the Plan. Any such contributions deemed to be Elective Contributions shall be subject to the requirements of Sections 4.2(b) and 4.2(c) and shall further be required to satisfy the discrimination requirements of Regulation 1.401(k)-1(b)(5), the provisions of which are specifically incorporated herein by reference.

  • statutory parental bereavement pay means a payment to which a person is entitled in accordance with section 171ZZ6 of the Social Security Contribution and Benefits Act 1992;

  • Delayed contribution payment means an amount paid by an employee for purchase of current service. The amount shall be determined using the same formula in KRS 61.5525, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's account and considered as accumulated contributions of the individual member. In determining payments under this subsection, the formula found in this subsection shall prevail over the one found in KRS 212.434;

  • Member contributions means all amounts paid to ASRS by a member.

  • Employee Contribution means any contribution made to the Plan by or on behalf of a Participant that is included in the Participant's gross income in the year in which made and that is maintained under a separate account to which earnings and losses are allocated.

  • Company Contributions means the contributions made by the Company pursuant to Section 3.3.

  • Earnable compensation means the full rate of the

  • Company Contribution means that portion of the main extension costs which the Company will fund based upon the following formula:

  • parental bereavement leave means leave under section 80EA of the Employment Rights Act 1996;

  • Matching Contribution means an Employer contribution made to this or any other defined contribution plan on behalf of a Participant on account of a Participant's Deferral Contribution.

  • Regular contributions means the amounts required to be

  • Nonelective Contribution means an amount contributed by a participating

  • Defined Contribution Fraction means a fraction, the numerator of which is the sum of the Annual Additions to the Participant's Account under all the defined contribution plans (whether or not terminated) maintained by the Employer for the current and all prior Limitation Years (including the Annual Additions attributable to the Participant's nondeductible Voluntary Contributions to all defined benefit plans, whether or not terminated, maintained by the Employer and the Annual Additions attributable to all welfare benefit funds, as defined in section 419(e) of the Code, and individual medical benefit accounts as defined in section 415(l)(2) of the Code, and simplified employee pensions, maintained by the Employer) and the denominator of which is the sum of the Maximum Aggregate Amounts for the current and all prior Limitation Years of Service with the Employer (regardless of whether a defined contribution plan was maintained by the Employer). The Maximum Aggregate Amount in any Limitation Year is the lesser of one hundred twenty-five percent (125%) of the dollar limitation in effect under section 415(c)(1)(A) of the Code or thirty-five percent (35%) of the Participant's Compensation for such year. If the Employee was a Participant as of the end of the first day of the first Limitation Year beginning after December 31, 1986, in one or more defined contribution plans maintained by the Employer which were in existence on May 6, 1986, the numerator of this fraction will be adjusted if the sum of this fraction and the Defined Benefit Fraction would otherwise exceed one (1.0) under the terms of this Plan. Under the adjustment, an amount equal to the product of (A) the excess of the sum of the fractions over one (1.0) times (B) the denominator of this fraction, will be permanently subtracted from the numerator of this fraction. The adjustment is calculated as of the end of the last Limitation Year beginning before January 1, 1987, and disregarding any changes in the terms and conditions of the Plan made after May 5, 1986, but using the section 415 limitation applicable to the first Limitation Year beginning on or after January 1, 1987. The Annual Additions for any Limitation Year beginning before January 1, 1987 shall not be recomputed to treat all Employee contributions as Annual Additions.

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • Contributions means the payroll deductions and other additional payments specifically provided for in the Offering that a Participant contributes to fund the exercise of a Purchase Right. A Participant may make additional payments into his or her account if specifically provided for in the Offering, and then only if the Participant has not already had the maximum permitted amount withheld during the Offering through payroll deductions.

  • Company Matching Contributions means any contributions made to the Company Matching Account of a Participant by a Participating Employer as provided for in Section 4.02.

  • Catch-Up Contribution means an Elective Deferral made to the Plan by a Catch-Up Eligible Participant that, during any taxable year of such Participant, exceeds one of the following: