Discretionary Contribution definition

Discretionary Contribution means the contribution made by the Employer on behalf of a Participant as described in Section 4.4(b).

Discretionary Contribution means Shares or amounts of money contributed to the Plan by the Participating Employers in accordance with section 5.3.

Discretionary Contribution means a Company contribution to a Participant’s Account made in the Compensation Committee’s discretion pursuant to Section E.2.

Examples of Discretionary Contribution in a sentence

• A Participant shall have a vested right to the portion of his or her Account attributable to Employer Discretionary Contribution(s) and any earnings or losses on the investment of such Employer Discretionary Contribution(s) according to such vesting schedule as the Employer shall determine at the time an Employer Discretionary Contribution is made.

• Discretionary Contributions are credited at the sole discretion of the Participating Employer, and the fact that a Discretionary Contribution is credited in one year shall not obligate the Participating Employer to continue to make such Discretionary Contributions in subsequent years.

• Unless the context clearly indicates otherwise, a reference to a Discretionary Contribution shall include Earnings attributable to such a contribution.

• The amount contributed for any Plan Year shall be treated as a Loan Repayment Contribution, a Discretionary Contribution, or a combination thereof, in accordance with the provisions of this Article V.

• Each Eligible Employee shall become a Participant at the earlier of the date on which his or her Deferral Election first becomes effective or the date on which an Employer Discretionary Contribution is first credited to his or her Account.

More Definitions of Discretionary Contribution

Discretionary Contribution means an Employer contribution determined in accordance with Section 4.4 (Discretionary Contributions) of this Plan, which may, in the discretion of the Employer, be transferred to the Trust.

Discretionary Contribution means a Company contribution to a Participant’s Account made in the Compensation Committee’s discretion pursuant to Section E.2 of this Plan.

Discretionary Contribution means, with respect to each Plan Year, the portion of the Employer Contribution as provided in Section 4.2(b).

Discretionary Contribution means a contribution made for the benefit of a Participant by a Participating Employer in the discretion of the Board of Directors.

Discretionary Contribution means an unfunded contribution for the benefit of a Participant, as described in Section 6.

Discretionary Contribution means an amount contributed to the Plan by a Participating Employer pursuant to Section 6(b) and credited to a Participant’s Discretionary Contribution Account.

Discretionary Contribution means the deferred compensation amount credited on behalf of a Participant to the Discretionary Contribution Account, as described in Article 4.