Discretionary Employer Contribution definition

Discretionary Employer Contribution means a Contribution (including a Special SCA Discretionary Contribution and a Special SCA Compliance Contribution) made by an Employer which is unrelated to any Participant Contributions, as described under Section 3.06.

Discretionary Employer Contribution means a Contribution made by an Employer which is unrelated to any Participant Contributions, as described under Section 3.05.

Discretionary Employer Contribution means a contribution made by the Employer pursuant to Section 6.1(a).

Examples of Discretionary Employer Contribution in a sentence

• In addition, participation of an Eligible Employee who has not otherwise commenced participation in the Plan, shall commence when a Discretionary Employer Contribution is made to the Account of such Eligible Employee pursuant to the provisions of Section 3.2.

• In no event shall a Participating Employer be obligated to make a Discretionary Employer Contribution in excess of the maximum amount deductible under Code Section 404(a)(3)(A).

• Notwithstanding the foregoing, the Discretionary Employer Contribution for any Plan Year shall not exceed the maximum amount allowable as a deduction to the Employer under Code Section 404.

• The Participating Employer may designate whether or not the Participant must be an active Employee on the last day of the applicable fiscal year or on any particular day during such fiscal year, and/or at the time the Discretionary Employer Contribution is made, in order to be eligible for a share in the Discretionary Employer Contribution.

• The Committee shall allocate the Discretionary Employer Contributions, if any, to each eligible Participant's Discretionary Employer Contribution Account in the same ratio that each Participant's Annual Compensation for the Plan Year bears to the total Annual Compensation of all Participants for such Plan Year.

More Definitions of Discretionary Employer Contribution

Discretionary Employer Contribution means a profit sharing contribution made by the Company to the Retirement Plan pursuant to Section 4.06 of the Retirement Plan.

Discretionary Employer Contribution means a discretionary contribution by a Participating Employer under Section 3.6.

Discretionary Employer Contribution means an amount credited to a Participant’s Account pursuant to Section 4.05.

Discretionary Employer Contribution means contributions made by Employer, in Employer's sole discretion, to the Account of one or more Participants in such amount as Employer shall determine. Employer is under no obligation to make any Discretionary Employer Contributions at any time under this Plan. If Employer makes any Discretionary Employer Contributions, Employer shall be free to allocate them among Participants in any way Employer deems appropriate and Employer shall be free to omit any Participants from the allocation of such Discretionary Employer Contributions. Any Discretionary Employer Contributions shall be credited to a Participant's Account upon delivery of the contribution to the Plan Administrator for credit to the Participant's Plan Account.

Discretionary Employer Contribution means the Employer's contribution made pursuant to the provisions of Section 5.4 of the Plan, if any.

Discretionary Employer Contribution means the amount contributed by the Employer in accordance with Section 5.1.

Discretionary Employer Contribution means the contribution ----------------------------------- described in Section 4.2.