Employer Matching Deferral definition

Employer Matching Deferral means the deferrals credited to Participants’ EDCP Ledgers in accordance with Section 4.2.
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Employer Matching Deferral means the deferrals credited to Participant's SVDP Ledgers in accordance with Section 4.2.
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Employer Matching Deferral means the deferrals credited to EDCP Ledgers for Participants who are Eligible Employees in accordance with Section 4.2.
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Examples of Employer Matching Deferral in a sentence

  • A Participant shall always have a non-forfeitable right to 100% of his Employer Matching Deferral Account.

  • The Benefit Commencement Date for any subdivision of the Employer Matching Deferral Account related to a Plan Year shall be the same as that provided for or elected under the Plan for the subdivision of a Participant’s Employee Deferral Account related to the same Plan Year.

  • The Benefit Commencement Date and form of payment election made in the Deferred Compensation Election with respect to the Employee Deferral Account for any Plan Year shall also apply to each subdivision of the Employer Matching Deferral Account for the same Plan Year.3.1(c) Each Employee Deferral Contribution is intended to be an elective salary reduction amount which shall be deducted from a Participant’s Compensation otherwise payable to him for a Plan Year by way of Salary or Bonus.

  • A Participant shall have a vested interest in a percentage of his Employer Matching Deferral Account determined in accordance with the vesting provisions selected in Option 6(a)(2) of the Adoption Agreement.

  • Any Participant who has elected to make a deferral under Section 4.1(a) or 4.1(b) for a Plan Year will be credited with an Employer Matching Deferral for such Plan Year of an amount equal to such deferral, provided that the total amount of a Participant’s Employer Matching Deferral for any Plan Year shall not exceed an amount equal to 6% of the Participant’s Excess Compensation.

  • The amount of any Employer Matching Deferral for any Plan Year shall be deferred and added to the Participant's Deferral Amount in the account of such Participant for such Plan Year, and shall not be currently paid to such Participant.

  • The Employer Matching Contribution shall be allocated to the Employer Matching Deferral Account of Participants who [Select applicable provisions which shall apply conjunctively unless otherwise noted] ​ o(i)Are employed as an Eligible Employee for at least ________ [Insert number of months] full calendar months in such Plan Year.

  • The Participant’s account in the Fund attributable to the Employer Matching Deferral Contributions made pursuant to Option 5 of the Adoption Agreement and Paragraph 3.4 of the Plan on his behalf and the earnings attributable thereto.

  • A Participant shall have a vested interest in a percentage of his Employer Non-Elective Deferral Account determined in accordance with the vesting provisions selected in Option 6(a)(1) of the Adoption Agreement.6.3 Vesting in Employer Matching Deferral Account.

  • If applicable, a subdivision of the Employer Matching Deferral Account shall be maintained to reflect Employer Matching Contributions and the earnings attributable thereto until such time as the subaccount becomes fully vested.

Related to Employer Matching Deferral

  • 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.

  • 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 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.

  • 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.

  • Plan Year means the calendar year.