Employer Retirement Contributions definition

Employer Retirement Contributions means the amounts contributed by the Bank to each Participant’s Employer Retirement Contribution Account pursuant to the provisions of Section 4.10.
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Employer Retirement Contributions means the Employer Retirement Contributions described under, and made pursuant to, the terms of the Savings Plan.
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Employer Retirement Contributions means the amounts contributed by the Bank to each Participant’s Employer Retirement Contribution Account pursuant to the provisions of Section 4.10.” 1.38 “Employer Retirement Contribution Account” shall mean that account established on behalf of a Participant to which his share of Employer Retirement Contributions under the Plan are allocated as such account is adjusted from time to time to reflect investment results.”
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Examples of Employer Retirement Contributions in a sentence

  • All Employer Retirement Contributions shall be invested primarily in GAFRI Securities unless otherwise directed by the Administrative Plan Committee.

  • If the Trustee borrows funds pursuant to Section 12.4, GAFRI establishes an Employee Stock Ownership Plan as defined in Section 4975(e)(7) of the Code with respect to that part of the Plan consisting of Matching Contributions made on or after such loan and those Employer Retirement Contributions made after such date.

  • The Employer Retirement Contributions, if any, in respect of the Plan Year to which said Employer Retirement Contributions relate shall be allocated among the Participants who were eligible for Employer Retirement Contributions in accordance with Section 3.1 and who were Employees of an Employer on the last day of such Plan Year.

  • An Employer may contribute to the Plan such amounts as the Board, in its sole discretion, may determine to be allocated to the Employer Retirement Contributions Account in accordance with this Section 4.6. The aggregate discretionary Employer Retirement Contributions when added to the amount of the Matching Contributions and Section 401(k) Contributions, if any, for each Plan Year, shall not exceed the maximum deductible contribution for such Plan Year under Section 404(a) of the Code.

  • In any Plan Year in which the Plan is not a top-heavy plan, the Employer Retirement Contributions Account of each Participant who is eligible to receive an allocation shall be credited with that proportion of Employer Retirement Contributions, if any, as the Participant's Covered Compensation for the Plan Year bears to the total Covered Compensation of all eligible Participants for the Plan Year.

  • Employer Retirement Contributions made by the Bank shall be allocated among Employer Retirement Contribution Accounts in accordance with the provisions of Section 4.10.

  • In the event the Plan is terminated, the Suspense Account shall revert to the Employer to the extent it cannot be allocated to the Participants' Employer Retirement Contributions Accounts.

  • If after returning Section 401(k) Contributions, there is still an Excess Annual Addition that cannot be allocated to any Participant as a result of the limitations imposed by this Section, then the remaining Excess Annual Addition shall be maintained in a Suspense Account under the Trust Fund to be allocated among Employer Retirement Contributions Accounts in the next succeeding Limitation Year.

  • Notwithstanding the foregoing, a Participant's Employer Retirement Contributions Account shall not be paid in this manner.

  • For each Plan Year, an Employer may make contributions to this Plan and allocate such contributions to the Employer Retirement Contributions Account of each Participant eligible for an Employer Retirement Contribution.


More Definitions of Employer Retirement Contributions

Employer Retirement Contributions. (as set forth in the Seller Savings Plan (as hereinafter defined)) in excess of an amount equal to two percent of such Transferred Employee's "Compensation" (as defined in the Seller Savings Plan).
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Related to Employer Retirement Contributions

  • 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.

  • 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.

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

  • 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.

  • 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.

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Employer Account The Participant's Matching 401(k) Contributions Account, Matching Thrift Contributions Account, Employer Contributions Account, Qualified Matching Contributions Account and Qualified Nonelective Contributions Account, as the case may be.

  • 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:

  • 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 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.

  • Accumulated contributions means the sum of all

  • 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.

  • 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).

  • 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.

  • Deferred Retirement Date means, in the case of any Participant who continues in employment after his Normal Retirement Date, the first day of any month following his actual retirement.

  • Participant Contributions means contributions made by the Participant pursuant to an executed Pay Reduction Agreement subject to the Participant Contribution limits contained in Article III.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • 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.

  • Discretionary Contribution means the contribution made by the Employer on behalf of a Participant as described in Section 4.4(b).

  • Company Contribution means that portion of the main extension costs which the Company will fund based upon the following formula:

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Voluntary Contributions means voluntary amounts contributed by a member or participating member into a health reimbursement account. However, to the extent required by applicable law, voluntary amounts shall not be contributed through a salary reduction election under a cafeteria plan pursuant to section 125 of the internal revenue code, 26 USC 125.

  • 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.