Deductible Contributions definition

Deductible Contributions means the deductible voluntary employee contributions, if any, which may have been permitted under this Plan or under a Prior Plan prior to January 1, 1987. Such contributions are prohibited after December 31, 1986.

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Deductible Contributions means a contribution of money or property as described in item 7 or item 8 of the table in section 30-15 of the Income Tax Assessment Act in relation to a fundraising event held for that purpose.‌

Deductible Contributions means contributions made by Employees or Partners as described in Section 4, paragraph 7.

Examples of Deductible Contributions in a sentence

Your total account balance as of 12-31-98 is $7,500 as shown below: Deductible Contributions $5,000 Nondeductible Contributions $2,000 Earnings On IRA $1,000 Less 1998 Withdrawal $ 500 ------ Total Account Balance as of 12/31/98 $7,500 To determine the nontaxable portion of your 1998 withdrawal, the total 1998 withdrawal ($500) must be multiplied by a fraction.
Rollover Contributions (other than "accumulated deductible employee contributions" within the remaining of Section 72(o)(5)(B) of the Code in the case of a Plan which has never permitted Voluntary Deductible Contributions) are permitted.
The Plan Administrator will separately account for any Employer Contributions (including contributions made because the Plan is Top-Heavy or Super Top-Heavy), Deductible Contributions, Voluntary After-Tax Contributions, Elective Salary Deferrals, Matching Contributions, Qualified Nonelective Contributions, Qualified Matching Contributions and Rollover Contributions, together with earnings thereon.
No Forfeiture will occur solely as a result of a Participant's withdrawal of employee Contributions (whether Voluntary After-Tax Contributions or Deductible Contributions).
Deductible Contributions shall not be taken into account in computing the Top-Heavy Ratio.
Any such loan, however, shall be secured by a pledge of 50% of the balance of the Participant's Accounts, including any subsequent additions thereto but excluding any amounts credited as Deductible Contributions and any accumulations thereon, and shall bear a reasonable rate of interest and repayment terms satisfactory to the Trustee.
The note will be secured by the Vested part of the Participant's Account, excluding the portion of the Account attributable to Deductible Contributions, if any, but not more than 50% of that amount (determined as of the last day of the month before the Trustee makes the loan) may be used to secure the outstanding balance of all loans to the Participant under any plan maintained by the Employer or any Affiliated Employer.
Before-tax contributions as defined in Code section 72(o)(5)(A) and earnings thereon made to a prior plan by an Employee for taxable years prior to 1987 that are held, together with gain or loss pursuant to section 5.8(b) of the Plan, in the Employee's Deductible Contributions Account.
If the value of the Vested part of the Participant's Account (excluding Deductible Contributions) does not exceed $3,500, then, if elected by the Employer in the Adoption Agreement, as soon as practicable after the Participant Terminates Service, the Plan Administrator will direct the Trustee to pay the Participant a single distribution that equals the value of the entire Vested Account balance.
Deductible Contributions $5,000 Nondeductible Contributions $2,000 Earnings On IRAs $1,000 Less 1992 Withdrawal $500 --------------------------------------- Total Account Balance $7,500 as of 12/31/92 To determine the nontaxable portion of your 1992 withdrawal, the total 1992 withdrawal ($500) must be multiplied by a fraction.

More Definitions of Deductible Contributions

Deductible Contributions means the contributions, if any, which may have been permitted under this Plan or under a Prior Plan prior to January 1, 1987.

Deductible Contributions means a gift or contribution that is deductible under the ITAA;