Examples of Eligible Income in a sentence
Eligible Income deferred by a Participant under the Plan shall be credited to the Participant’s Account as soon as practicable after the amounts would have otherwise been paid to the Participant.
Upon termination of the Plan, no further deferrals of Eligible Income shall be permitted; however, earnings, gains and losses shall continue to be credited to Account balances in accordance with Article V until the Account balances are fully distributed.
A Participant shall at all times be 100% vested in any Eligible Income deferred under this Plan and credited to his Account.
Eligible Income deferred by a Participant under the Plan shall be credited to the Participant’s Account as soon as administratively practicable after the amounts would have otherwise been paid to the Participant.
Eligible Income LevelThe household must be low-income, with a maximum annual household gross income that is at or below eighty percent (80%) of the Area Median Income (AMI) for Alameda County, adjusted for household size, as defined the State of California Department of Housing and Community Development (“State HCD”).