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

  • If Employer Plan Contributions are made by mistake of fact, these amounts may be returned to the Employer, reduced by the amount of any losses thereon, within one year of the date that they were made.

  • 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.

  • Repayment of any prior distributions for purposes of restoring to the Participant his prior Years of Service and any forfeited Employer Plan Contributions, if applicable, may be made by the Participant either in a lump sum, or as an employer pick up, in accordance with Section 4.8, and subject to such administrative procedures that the System deems advisable.

  • For Limitation Years beginning before July 1, 2007, and only to the extent permissible under 1981 Treasury Regulation Section 1.415-6(b)(6), if the Annual Additions exceed the Section 415 limitations, the excess contributions will be held unallocated in a suspense account and will be applied to reduce Employer Plan Contributions in succeeding limitation years for that Participant or, if he is no longer covered by the Plan, for all remaining Participants.

  • Prior to each Plan Year, the System shall certify to the State of Illinois the respective amount of Employer Plan Contributions and disability contributions for such year.

  • Repayment of any prior distribution for purposes of restoring to the Participant his prior Years of Service and any forfeited Employer Plan Contributions, if applicable, may be made at any time prior to the Participant's retirement date.

  • 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.

  • 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).

  • If the Participant is later reemployed by an Employer, he shall not be credited with his prior Years of Service, and if he was not vested in Employer Plan Contributions, the amounts previously forfeited by him shall not be reinstated, except as provided below.

  • 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.

Related to Employer Plan Contributions

  • Multi-employer Plan means a "multi-employer plan" as defined in Section 4001(a)(3) of ERISA which is or was at any time during the current year or the immediately preceding six (6) years contributed to by the Borrower or any ERISA Affiliate.

  • 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 all amounts paid into ASRS by an

  • 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.

  • 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 are contributions made by the Employer on account of elective deferrals under a Code Section 401(k) arrangement or on account of employee contributions. Matching contributions also include Participant forfeitures allocated on account of such elective deferrals or employee contributions.

  • Multiemployer Pension Plan means a multiemployer plan, as defined in Section 4001(a)(3) of ERISA, to which the Company or any other 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 the Company contributions described in Section 3.4.

  • 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 contributions to the Plan of Deferred Compensation excluding any such amounts distributed as excess “annual additions” pursuant to Section 4.11(a). In addition, any Employer Qualified Non-Elective Contribution made pursuant to Section 4.7(b) which is used to satisfy the “Actual Deferral Percentage” tests shall be considered an Elective Contribution for purposes of the Plan. Any contributions deemed to be Elective Contributions (whether or not used to satisfy the “Actual Deferral Percentage” tests or the “Actual Contribution Percentage” tests) shall be subject to the requirements of Sections 4.2(b) and 4.2(c) and shall further be required to satisfy the nondiscrimination requirements of Regulation 1.401(k)-1(b)(5) and Regulation 1.401(m)-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 Employer contributions made to this Plan or any other defined contribution plan by reason of Thrift Contributions or Elective Deferrals under this Plan.

  • Regular contributions means the amounts required to be

  • 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.