Discretionary Employer Contributions definition

Discretionary Employer Contributions means the amounts, if any, contributed by the Employer on behalf of an Eligible Employee, pursuant to Section 3.8.
Discretionary Employer Contributions means Discretionary Matching Contributions and Discretionary Nonelective Contributions.
Discretionary Employer Contributions means the amount, if any, of contributions awarded to a Participant pursuant to Section 3.2.

Examples of Discretionary Employer Contributions in a sentence

  • Each participant in the Savings Plan may elect to reduce his or her compensation by any percentage, not to exceed 15% of compensation when combined with any Matching Basic or Discretionary Employer Contributions (below) made on behalf of the participant, and have such amount contributed to his or her account under the Savings Plan.

  • These exclusions shall not apply for purposes of the "Top Heavy" requirements in Section 9.03 or for allocating Discretionary Employer Contributions if an Integrated Formula is elected in Section 1.05(a)(2).

  • Each Participant shall at all times have a one hundred percent (100%) Vested Interest in the value of his Discretionary Employer Contributions Account.

  • In the event of a suspension of the Plan, the Employer shall continue all aspects of the Plan, other than Compensation Deferrals and Discretionary Employer Contributions, during the period of the suspension, in which event payments hereunder will continue to be made during the period of the suspension in accordance with Sections 5 and 6.

  • The Plan shall maintain one or more bookkeeping Accounts in the name of each Participant to reflect the Participant’s Accrued Benefit under the Plan, including to record each type of contribution (Salary Deferral, Matching or Discretionary Employer Contributions) and Earnings thereon.


More Definitions of Discretionary Employer Contributions

Discretionary Employer Contributions means the amounts contributed on a Participant’s behalf pursuant to Section 3.3.
Discretionary Employer Contributions means the amount, if any, of credits that may be awarded to a Participant pursuant to Section 3.3 of this Plan.
Discretionary Employer Contributions means contributions made by an Employer under Section 3.5.
Discretionary Employer Contributions means an amount contributed to this Plan by the Company in accordance with Section 3.4.
Discretionary Employer Contributions means contributions made to the Plan by the Employer for the Plan Year in accordance with the provisions of Section 3.3(b) and allocated to a Participant’s Individual Account. Although the term “contribution” is used herein for ease of reference, credits to Participants’ Individual Accounts under the Plan are merely credits to a bookkeeping account.
Discretionary Employer Contributions means contributions made by an Employer pursuant to Section 4.4.<PAGE>
Discretionary Employer Contributions means the discretionary contributions made by the Employer that are credited to the Participant’s Account in accordance with Section 3.2 hereof.