Examples of Deferred Compensation Contribution in a sentence
How do I make a correction in EFW2C format to Deferred Compensation for an employee with more than one type of Deferred Compensation?• Complete only the Originally Reported and Correct Total Deferred Compensation Contribution fields (positions 552-562 and 563-573, respectively) in the RCW (Employee) Record.• Report blanks in positions 442-551 of the RCW Record.• Complete the corresponding RCT (Total) Record fields in the same manner.
A qualified cash or deferred arrangement pursuant to which an Employee agrees to reduce, or to forego an increase in, his Compensation and the Company agrees to contribute the amount of the reduction or the amount foregone to the Plan as a Deferred Compensation Contribution.
If a Deferred Compensation Contribution or other amount is allocated to an Account hereunder for any Participant and such allocation is taxable to the Participant, such Participant shall indemnify and reimburse the Company and Subsidiaries for any liability they may incur for failure to withhold federal or state income tax or Social Security tax from such payments.
The Deferred Compensation Contribution Amount shall be represented by Initial Stock Units allocated to the Participant's Account Balance under the Plan as of the Effective Date if the Participant is then employed by the Company or any of its affiliates.
The foregoing not withstanding, upon the occurrence of a Change in Control as the term is defined below, the Company shall create an irrevocable trust, the assets of which are subject to the claims of general creditors of the Company or a Subsidiary (the "Rabbi Trust"), and transfer all amounts credited to the Deferred Compensation Contribution Account of each Participant to such Rabbi Trust.
Each Participant may elect, in accordance with rules established by the Plan Administrator, to reduce the Participant's Compensation by any percentage up to 15 percent, in increments of one-half percent, and to have the amount by which the Participant's Compensation is reduced contributed on the Participant's behalf by the Employer as a Deferred Compensation Contribution to the Plan.
Any such transferred amount shall not be treated as Deferred Compensation Contributions subject to the limitation of 4.1(a), except for the amount of deferred compensation contributions made by the Participant during the Participant’s taxable year in which the transfer occurred which is treated as a Deferred Compensation Contribution subject to the limitation of 4.1(a).
In no event shall the Company deliver Deferred Compensation Contributions to the Trustee on behalf of a Member prior to the date the Employee performs the services with respect to which the Deferred Compensation Contribution is being made, unless such pre-funding is to accommodate bona fide administrative considerations and is not for the principal purpose of accelerating deductions.
How do I make a correction in EFW2C format to Deferred Compensation for an employee with more than one type of Deferred Compensation? Complete only the Originally Reported and Correct Total Deferred Compensation Contribution fields (positions 552-562 and 563-573, respectively) in the RCW Record. Report blanks in positions 442-551 of the RCW Record. Complete the corresponding RCT Record fields in the same manner.
How do I make a correction in EFW2C format to Deferred Compensation for an employee with more than one type of Deferred Compensation? Complete only the Originally Reported and Correct Total Deferred Compensation Contribution fields (positions 552-562 and 563-573, respectively) in the RCW (Employee) Record. Report blanks in positions 442-551 of the RCW Record. Complete the corresponding RCT (Total) Record fields in the same manner.