Employer Plan Contributions definition

Employer Plan Contributions means contributions made by an Employer for its Eligible Employees participating under this Plan as described in Section 4.1(a).‌
Sample 1Sample 2
Employer Plan Contributions means contributions made by the Employer under this Plan as required by Section 4.1. Funds received by the Plan from any insurance company for credit to an Account of a Participant then receiving disability benefits from that insurance company under long-term disability coverage provided by the Employer shall be deemed Employer Plan Contributions for the purposes of the Plan.
Sample 1

Examples of Employer Plan Contributions in a sentence

  • Employer Plan Contributions are required to be forwarded to the System from the State of Illinois monthly in accordance with the applicable provisions of the Illinois Pension Code and the State Pension Funds Continuing Appropriation Act.

  • If a Participant terminates employment with all of the Employers and is vested in his Employer Plan Contributions, he may elect a distribution of his vested Accounts before Normal Retirement Age.

  • A Participant's Accounts attributable to Employer Plan Contributions shall be fully vested and nonforfeitable on the earliest to occur of: (i) completion of 5 Years of Service with the Employers; (ii) the Participant's death while employed by an Employer and after completing at least 1½ Years of Service; or (iii) the Participant's election to retire and apply the reciprocity provisions of Article 20 of the Illinois Pension Code.

  • Each Fund Sponsor shall maintain several "Accounts" for each Participant who has amounts invested with such Fund Sponsor, which shall reflect the Participant's balances attributable to Employer Plan Contributions, Participant Plan Contributions, rollover contributions (as described in Section 4.6), and transfers from the Traditional Benefit Package (as described in Section 4.5).

  • The absolute numbers that these percentages represent will vary from hospital to hospital.The study will evaluate the ED and inpatient HIV data for increases in volume of testers, increases in number of HIV-positive tests and increased volume and percentage of new HIV infections detected.

  • A Participant’s interest in his Provider Account, including Employee and Employer Plan Contributions plus any amounts rolled over to the Plan, shall always be fully vested and nonforfeitable.

  • If a Participant’s employment with the Employers terminates before he has become vested in his Accounts for Employer Plan Contributions, the nonvested amount of such Accounts will be immediately forfeited and shall be returned by the Fund Sponsors to the System on a quarterly basis to be maintained in a forfeiture account under the Plan and used to reduce Employer Contributions.

  • The affected turbines qualify as Electrical Generating Units (EGU) for purposes of the Cross State Air Pollution Rule (CSAPR), i.e., 40 CFR Part 97.

  • If a Participant terminates employment with all of the Employers and wishes to elect distribution of his vested Accounts before Normal Retirement Age or at a time when the Participant is not vested in Employer Plan Contributions, he may elect a lump sum distribution from the Plan of all of his vested Accounts.

  • A Participant’s Accounts attributable to Employer Plan Contributions shall be fully vested and nonforfeitable on the earliest to occur of: (i) completion of five Years of Service with the Employers, (ii) the Participant’s death while employed by an Employer and after completing at least 1½ years of service, or (iii) the Participant’s election to retire and apply the reciprocity provisions of Article 20 of the Illinois Pension Code.

Related to Employer Plan Contributions

  • Multi-employer Plan means a multi-employer plan, as defined in Section 4001(a)(3) of ERISA to which the Borrower or any Subsidiary of the Borrower or any ERISA Affiliate is making or accruing an obligation to make contributions or has within any of the preceding five plan years made or accrued an obligation to make contributions.

  • Single Employer Plan any Plan which is covered by Title IV of ERISA, but which is not a Multiemployer Plan.

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

  • Employer Contributions means the amount transferred by an employer to a funding account or a health reimbursement account.

  • 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.

  • Multiple Employer Plan means a Plan which has two or more contributing sponsors (including the Borrower or any ERISA Affiliate) at least two of whom are not under common control, as such a plan is described in Section 4064 of ERISA.

  • Elective Contributions are amounts excludible from the Employee's gross income under Code Sections 125, 402(a)(8), 402(h) or 403(b), and contributed by the Employer, at the Employee's election, to a Code Section 401(k) arrangement, a Simplified Employee Pension, cafeteria plan or tax-sheltered annuity. The term "Compensation" does not include:

  • Accumulated contributions means the sum of all

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • 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.

  • Multiemployer Pension Plan means a multiemployer plan, as defined in Section 4001(a)(3) of ERISA, to which Borrower or any member of the Controlled Group may have any liability.

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • Rollover Contributions means, for any Participant, his rollover contributions as provided in Section 7.1.

  • Company Contributions means the contributions made by the Company pursuant to Section 3.3.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Contributions means the payroll deductions and other additional payments specifically provided for in the Offering that a Participant contributes to fund the exercise of a Purchase Right. A Participant may make additional payments into his or her account if specifically provided for in the Offering, and then only if the Participant has not already had the maximum permitted amount withheld during the Offering through payroll deductions.

  • Company Matching Contributions means any contributions made to the Company Matching Account of a Participant by a Participating Employer as provided for in Section 4.02.

  • Employee Contributions are contributions made by a Participant on an after-tax basis, whether voluntary or mandatory, and designated, at the time of contribution, as an employee (or nondeductible) contribution. Elective deferrals and deferral contributions are not employee contributions. Participant nondeductible contributions, made pursuant to Section 4.01 of the Plan, are employee contributions.

  • Member contributions means all amounts paid to ASRS by a member.

  • 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).

  • Nonelective Contribution means an amount contributed by a participating

  • Qualified Nonelective Contributions means contributions of the Plan Sponsor or an Affiliate, other than Matching Contributions or Elective Deferrals, which are nonforfeitable when made, and which would be nonforfeitable regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Code Section 401(k)(2)(B) and the regulations thereunder.

  • Elective Contribution means the Employer's contributions to the Plan of Deferred Compensation excluding any such amounts distributed as excess "annual additions" pursuant to Section 4.10(a). In addition, any Employer Qualified Non-Elective Contribution made pursuant to Section 4.6 shall be considered an Elective Contribution for purposes of the Plan. Any such contributions deemed to be Elective Contributions shall be subject to the requirements of Sections 4.2(b) and 4.2(c) and shall further be required to satisfy the discrimination requirements of Regulation 1.401(k)-1(b)(5), the provisions of which are specifically incorporated herein by reference.

  • Excess Contributions means, with respect to any Plan Year, the excess of:

  • 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.

  • Regular contributions means the amounts required to be