Deferred Compensation Contribution definition

Deferred Compensation Contribution means any amount of Eligible
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Deferred Compensation Contribution means a Participant’s Basic Deferred Compensation Contribution and Supplemental Deferred Compensation Contribution, if any.
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Deferred Compensation Contribution means the annual amount, if any, deemed credited to an Eligible Employee’s Deferred Compensation Account each Plan Year in accordance with Section 3.1 hereof.
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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.


More Definitions of Deferred Compensation Contribution

Deferred Compensation Contribution means that portion of a Participant’s Compensation that is deferred under the Plan pursuant to a Deferred Compensation Election described in ARTICLE III hereof.
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Deferred Compensation Contribution means a contribution made by an Employer to this Plan on behalf of a Participant pursuant to Section 3.1(b).
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Deferred Compensation Contribution means a contribution to the Plan by any Participating Employer on behalf of an Employee based on, and in an amount equivalent to the Participant’s Deferred Compensation.
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Related to Deferred Compensation Contribution

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 11 of the Plan.

  • Section 409A Deferred Compensation means compensation provided pursuant to an Award that constitutes nonqualified deferred compensation within the meaning of Section 409A.

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Deferred Compensation Agreement means an agreement to participate and to defer compensation between a Participant and the Company in such form and consistent with terms of the Plan as the Company may prescribe from time to time.

  • Deferred Compensation means the Compensation elected by the Participant to be deferred pursuant to the Plan.

  • 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.

  • 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.

  • 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:

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • Deferral Contribution means any contribution made to the Plan by the Employer in accordance with the provisions of Section 5.03.

  • Incentive Compensation Plans means annual incentive compensation plans and long‑term incentive compensation plans of the Company, which long‑term incentive compensation plans may include plans offering stock options, restricted stock and other long‑term incentive compensation.

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee's account under any plan of an Employer or a Related Company solely on account of "elective contributions" made on his behalf or "employee contributions" made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • 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.

  • Incentive Compensation Plan means any plan, agreement or other arrangement that provides for the grant or issuance of equity or equity-based awards and that is now in effect or is hereafter adopted by the Company or the Manager for the benefit of any of their respective employees or other service providers (including directors, advisers and consultants), or the employees or other services providers (including directors, advisers and consultants) of any of their respective Affiliates or Subsidiaries.

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Nonqualified Deferred Compensation Rules means the limitations or requirements of Section 409A of the Code, as amended from time to time, including the guidance and regulations promulgated thereunder and successor provisions, guidance and regulations thereto.

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Non-Elective Contribution means the Employer contributions to the Plan excluding, however, contributions made pursuant to the Participant's deferral election provided for in Section 4.2 and any Qualified Non-Elective Contribution used in the "Actual Deferral Percentage" tests.

  • Nonelective Contribution means an amount contributed by a participating

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Basic Compensation means Salary and Benefits.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).