Examples of Elective Deferrals in a sentence
Default Elective Deferrals being made on behalf of a Covered Employee will cease as soon as administratively feasible after the Covered Employee makes an affirmative election.
Contributions (other than Matching Contributions or Qualified Matching Contributions) made by the Employer and allocated to Participant's accounts that the Participants may not elect to receive in cash until distributed from the Plan; that are nonforfeitable when made; and that are distributable only in accordance with the distribution provisions that are applicable to Elective Deferrals and Qualified Matching Contributions.
No Participant shall be permitted to have Elective Deferrals made under this Custodial Account Agreement or any other plan maintained by the Employer, during any taxable year, in excess of the dollar limitation contained in Code Section 402(g) in effect at the beginning of such taxable year, except to the extent permitted under Code Section 402(g)(7) and 414(v), if applicable.
The following information pertains to all of my other employers for the current calendar year: Includible Earnings $ ; Elective Deferrals and/or salary reduction contributions to a Xxxx 403(b) or Xxxx 401(k) plan $ ; Non-elective Contributions $ .
Matching Contributions which are redesignated as Qualified Matching Contributions will become nonforfeitable and subject to the same distribution requirements as Elective Deferrals.