Employee Deferral definition

Employee Deferral means an amount deferred by a Participant under the Plan.
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Employee Deferral means an amount of Compensation deferred by a Participant under the Plan.
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Employee Deferral means the portion of Regular Compensation and/or Bonus that is deferred under the Plan pursuant to a Participant’s Deferral Election.
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Examples of Employee Deferral in a sentence

  • Eligible participants may elect to defer a percentage of their compensation to be contributed to their Employee Deferral Account.

  • In the event a payout in the form of Shares, after giving effect to any deferral of the Share payout to any deferral plan or program of the Company, including the Employee Deferral Plan, would entitle a Participant to a fractional share of Arch Chemicals, Inc.

  • If automatic enrollment is authorized by the North Carolina General Assembly, and except as provided in Section 3.5(b) below, if an Employee of a Participating Employer has not affirmatively elected either to make or not to defer Includible Compensation (either pre-tax or Roth Employee Deferral Amount), such Employee is deemed to have elected to become a Participant and have an Enrollment Agreement filed on his or her behalf.

  • The Replacement RSP Employee Deferral shall be posted to the Replacement RSP Employee Account of such Participant as of the date such Compensation amount would otherwise have been paid to the Participant.

  • In no event shall the amount of the Employee Deferral Amount under an Enrollment Agreement be more than the Maximum Deferral Amount.

  • The Replacement RSP Employer Deferral for each period shall total one hundred percent (100%) of each eligible Participant's Replacement RSP Employee Deferral for the period, provided that no Replacement RSP Employer Deferral shall be made based upon a Participant's Replacement RSP Employee Deferral in excess of six percent (6%) of his or her Compensation.

  • This Section 3.5 shall not apply, or shall cease to apply, to the extent a Participant or Employee of a Participating Employer files an Enrollment Agreement or elects to have no Employee Deferral Amount contributed to the Plan.

  • If the Participant fails to specify in his or her election which deferral type is to be increased, the increase is limited to pre-tax Employee Deferral Amount.

  • The Replacement RSP Employer Deferral shall be posted to the Replacement RSP Employer Account of such Participant as of the same date the Replacement RSP Employee Deferral which it matches is posted.

  • An Employee will have a reasonable period of time, as established by the Plan Administrator, after receipt of any notice required by Applicable Law, to make an affirmative election regarding the Employee Deferral Amount before the deemed election to make such deferrals shall become effective.


More Definitions of Employee Deferral

Employee Deferral means a credit to a Participant’s Account that records that portion of the Participant’s Regular Compensation and/or Performance Based Compensation that the Participant has elected to defer in accordance with the provisions of this Plan. Employee Deferrals shall be calculated with respect to the gross Regular Compensation and Performance Based Compensation otherwise payable to the Participant prior to any deduction or withholdings, but shall be reduced by the Plan Administrator as necessary so that it does not exceed 100% of the cash Regular Compensation and/or Performance Based Compensation of the Participant remaining after deduction of all required income and employment taxes, 401(k) and other employee benefit deductions, and other deductions required by law. Changes to payroll withholdings that affect the amount of Regular Compensation and/or Performance Based Compensation being deferred to this Plan shall be allowed only to the extent permissible under Code Section 409A.
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Employee Deferral means any amount of Compensation the receipt of which a Participant elects to defer pursuant to Section 4.1.
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Employee Deferral means the amount credited to a Participant's Deferral Account under the Plan pursuant to Section 3.1 herein.
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Employee Deferral means the portion of Regular Compensation and/or Bonus that is deferred under the Plan pursuant to a Deferral Election filed by an Employee.
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Related to Employee Deferral

  • Bonus Deferral means the amount of a Participant’s Bonus Compensation which the Participant elects to have withheld on a pre-tax basis from his Bonus Compensation and credited to his account pursuant to Section 4.1.

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

  • Compensation Deferral means the amount or amounts of the Director's Compensation deferred under the provisions of Section 3 of this Agreement.

  • Deferral Contribution means any contribution made to the Plan by the Employer in accordance with the provisions of Section 5.03.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Matching Contribution means an Employer contribution made to this or any other defined contribution plan on behalf of a Participant on account of a Participant's Deferral Contribution.

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 11 of the Plan.

  • Deferral Date means the date Fees would otherwise have been paid to the Participant.

  • Deferral Year means each calendar year during which the Director makes, or is entitled to make, Compensation Deferrals under Section 3 hereof.

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • Plan Year means the calendar year.

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee's account under any plan of an Employer or a Related Company solely on account of "elective contributions" made on his behalf or "employee contributions" made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Deferral means the amount or amounts of a Participant’s Compensation deferred under the provisions of Section 3.

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Eligible employer means an employer that:

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Deferrals means the amount of the Director’s Compensation that the Director elects to defer according to this Agreement.

  • Matching Contributions means local cash and/or in-kind contributions made by the Subrecipient, subcontractor, or other local resources that qualify as match for the Contract funding.

  • Eligible Participant means an employee, officer, consultant or director of the Company or any Affiliate.

  • Eligible Employee means full-time and part-time employees in the bargaining unit who have completed four hundred and fifty (450) hours of service and who are not prohibited from contributing to the Plan by legislation or the Plan rules because of their age or because they are in receipt of a pension from the Plan.

  • Section 409A Deferred Compensation means compensation provided pursuant to an Award that constitutes nonqualified deferred compensation within the meaning of Section 409A.

  • Participant’s Account means an account maintained for each Participant’s participation in DSUs and/or RSUs under the Plan;