Elective Deferral definition

Elective Deferral means the portion of Compensation which is deferred by a Participant under Section 4.1.

Elective Deferral means a contribution to the Plan made by a Participant pursuant to a Deferral Election Agreement that the Participant enters into with the Company. Elective Deferrals shall be made according to the terms of the Plan set forth in Section 4.1.1.

Elective Deferral means an elective deferral under § 1.402(g)–1 (with respect to an employer contribution to a sec- tion 403(b) contract) and any other amount that constitutes an elective de- ferral under section 402(g)(3).

Examples of Elective Deferral in a sentence

• If provided by the Employer in the Adoption Agreement, the plan will accept a rollover contribution to a Roth Elective Deferral account only if it is a direct rollover from another Roth elective deferral account under an applicable retirement plan described in section 402A(e)(1) of the Code and only to the extent the rollover is permitted under the rules of section 402(c) of the Code.

• The “Default Percentage” is the percentage of a Covered Employee’s Compensation contributed to the Plan as a Default Elective Deferral for the Plan Year.

• An Employee elects to become a Participant by executing an election to reduce his or her Compensation (and have that amount contributed as an Elective Deferral on his or her behalf) and filing it with the Administrator or its designated agent.

• A Participant's Elective Deferral Account, After-Tax Employee Contribution Account and Rollover/Transfer Account, and all earnings, appreciations, and additions thereto, less any losses, depreciation, and distributions allocable thereto, shall be fully vested and nonforfeitable at all times.

• An "automatic contribution arrangement” is an arrangement under which, in the absence of an affirmative election by a Covered Employee, a certain percentage of the Covered Employee’s Compensation will be contributed to the Plan as an Elective Deferral in lieu of being included in the Covered Employee’s pay.

More Definitions of Elective Deferral

Elective Deferral means the Employer contributions made to the Plan at the election of the Participant in lieu of receiving cash compensation. Elective Deferrals are limited to pre-tax salary reduction contributions, unless the Plan permits Roth 403(b) Contributions under Section 10.

Elective Deferral means any Employer contributions made to the Plan at the election of the Participant in lieu of cash Compensation pursuant to Section 4.2. With respect to any taxable year, a Participant’s Elective Deferrals is the sum of all employer contributions made on behalf of such Participant pursuant to an election to defer under any qualified cash or deferred arrangement (“CODA”) described in Code Section 401(k), any salary reduction simplified employee pension described in Code Section 408(k)(6), any SIMPLE IRA plan described in Code Section 408(p) and any plan described under Code Section 501(c)(18), and any employer contributions made on the behalf of a Participant for the purchase of an annuity contract under Code Section 403(b) pursuant to a salary reduction agreement. Elective Deferrals shall not include any deferrals properly distributed as excess Annual Additions pursuant to Section 4.10(a).

Elective Deferral means amounts subject to the Contribution Dollar Limit.

Elective Deferral means an employer contribu-

Elective Deferral means the amount of Compensation a Participant elects to defer pursuant to Article III of the Plan.

Elective Deferral means Pre-Tax Contributions and Roth Contributions.

Elective Deferral means, with respect to any calendar year, each elective deferral as defined in Code Section 402(g).