Employer Discretionary Contribution definition

Employer Discretionary Contribution means discretionary profit sharing contributions made to the Plan on behalf of a Participant.

Employer Discretionary Contribution means the deferred compensation amount credited to the Employer Discretionary Contribution Account with respect to a Participant at the Employer's sole and absolute discretion, in accordance with Section 3.8 hereof.

Employer Discretionary Contribution or "Discretionary Contribution" means a contribution under Section 4.2 by Employer on behalf of a Participant.

Examples of Employer Discretionary Contribution in a sentence

• A Participant shall have a vested right to the portion of his or her Account attributable to Employer Discretionary Contribution(s) and any earnings or losses on the investment of such Employer Discretionary Contribution(s) according to such vesting schedule as the Employer shall determine at the time an Employer Discretionary Contribution is made.

• Each Eligible Employee shall become a Participant at the earlier of the date on which his or her Deferral Election first becomes effective or the date on which an Employer Discretionary Contribution is first credited to his or her Account.

• Each Participant's Regular Account, Employer Discretionary Contribution Account, and Employer Matching Contribution Account shall vest in accordance with the vesting schedule elected in the Adoption Agreement.

• If a Participant is not already fully vested in his Regular Account, Employer Discretionary Contribution Account, and Employer Matching Contributions Account, he shall become so upon reaching Normal Retirement Age or Early Retirement Age, or upon his death or Total and Permanent Disability.

• If elected by the Employer in the Adoption Agreement, distributions may be made from a Participant's Elective Deferral, Qualified Nonelective Contribution Account, vested portion of the Participant's Employer Discretionary Contribution Account, or the vested portion of the Employer Matching Contribution Account on account of financial hardship if the distribution is necessary in light of the immediate and heavy financial needs of the Participant.

More Definitions of Employer Discretionary Contribution

Employer Discretionary Contribution means a special Employer contribution to an Account which is not an elective deferral of Compensation by a Participant. Rules are set forth in Section 5.

Employer Discretionary Contribution means the amount, if any, contributed by an Employer for the benefit of its employees, as an Employer Discretionary Contribution under the 401(k) Plan with respect to the Plan Year of reference.

Employer Discretionary Contribution means an optional, discretionary Employer contribution, other than a Matching Contribution, made to the Plan, with the amount of the contribution, if any, determined by the Company for each Plan Year.

Employer Discretionary Contribution means a contribution in cash or Employer Securities pursuant to section 5.4 by an Employer on behalf of a Participant.

Employer Discretionary Contribution means the amount, if any, the Employer credits to a Participant’s Account as a nonelective contribution in accordance with Section 4.5 of the Plan.

Employer Discretionary Contribution means an amount credited to a Participant's Account pursuant to Section 5.04.

Employer Discretionary Contribution means a contribution to the Plan by the Employer on behalf of a Participant in accordance with Article 4.5(c) on account of such Participant’s Compensation.