Examples of Deferred Cash Contributions in a sentence
The amount of the additional “true-up” Company Matching Contribution that shall be allocated to each such Participant shall equal the excess, if any, of (a) the amount of Company Matching Contributions that would have been allocated to the Participant had the Participant made his or her Deferred Cash Contributions for the Plan Year on a level basis throughout the Plan Year, over (b) the actual amount of the Company Matching Contribution that previously was allocated to the Participant for the Plan Year.
After the end of each pay period, Deferred Cash Contributions and Company Contributions made by the Company on behalf of each Participant pursuant to Article V, during the pay period then ending, shall be added to the proper Account of each such Participant.
The postponement may be extended for 1 additional 15- day period by the renewal and the resubmission of the certificate or notice.
An Eligible Employee will have a reasonable period of time, as established by the Primary Administrator, after receipt of any notice required by the Code, Treasury Regulations, and other applicable guidance, to make an affirmative election regarding Deferred Cash Contributions before the deemed election to make such contributions shall become effective.
If automatic enrollment is authorized by the General Assembly, and except as provided in Section 2.06(c) below, if an Eligible Employee has not affirmatively elected either to make or not to make Deferred Cash Contributions under Section 3.01, such Eligible Employee is deemed to have elected to become a Member and have an enrollment application filed on his behalf.