Enrollment Election definition

Enrollment Election means an agreement, on a form or by a method prescribed by the Plan Administrator, between a Participant and the Employer, providing for the reduction of Compensation to be paid to the Participant after the date such agreement is made and the making of Section 401(k) Contributions to the Plan. Such election will remain in effect until modified or terminated by the Participant.Except for occasional bona fide administrative considerations, the deferral of Section 401(k) Contributions cannot precede the performance of services with respect to which the contributions relate, or when the compensation subject to the deferral is paid, if earlier (such as in the case of a signing bonus). In addition, an Enrollment Election can only be made with respect to amounts that are not currently available to the Participant on the date of the election.The Plan Administrator may permit a Participant to make an Enrollment Election on a form provided by the Plan Administrator, through instructions made through the Internet, by telephone or through the use of any electronic means not prohibited by the Internal Revenue Service or the Department of Labor and to receive all information necessary to make such election in a similar manner. The Plan Administrator may limit the method used by the Participant to one or more of the methods described in this paragraph.
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Enrollment Election means an electronic election pursuant to which an Eligible Employee may elect to enroll in the Plan, to authorize a new level of payroll deductions, or to stop payroll deductions and withdraw from an Offering Period.
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Enrollment Election means an agreement between a Participant and the Employer pursuant to which the Employer reduces the Participant's current Compensation and applies the reduction to an Available Benefit.
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Examples of Enrollment Election in a sentence

  • Each person who is a Participant on January 1, 1994 shall complete, sign and return an Enrollment Election form provided for that purpose by the Benefit Trust Committee, to the Benefit Trust Committee no later than the designated Notice Date.

  • Your 2022 Enrollment Election will be locked in (January 1st toDecember 31st).

  • Enrollment Election 2017 2018-2019 2020-2021 *Effective January 1, 2018.

  • Dual Enrollment Election 2017 2018-2019 2020-2021 Wellness Program: Employees enrolling during Open Enrollment for benefits in calendar year 2019 and beyond will be required to take a biometric screening test through a wellness program to be developed by the Board of Trustees.

  • You must complete the Medicare Advantage Universal Enrollment/ Election form before your Medicare coverage (and reduced monthly cost) will be effective.

  • Appendix 2: Data Elements Required to Complete the Enrollment Election (2 pages) - updated section heading.

  • A Participant may elect to participate in the Plan by submitting an Annual Enrollment Election to the Plan Administrator and may claim reimbursement by submitting the incurred expenses in a form (including online submission or paper form submission) prescribed by the Plan Administrator.

  • An Employee who fails to make a proper investment election by the deadline established by the Committee for such purpose, shall be deemed to have elected the "Default Enrollment Election" which allocates 100% of his Account in the Default Fund (i.e., the Fixed Income Fund or other Investment Fund which, in the opinion of the Committee, best preserves the principal amount of the Participant's Account).

  • The Payment Date of the balance of a Participant's Bonus Account for each Plan Year shall be the earlier of (1) the fixed Payment Date selected by the Participant on the Deferral Election form for the Plan Year or (2) the Payment Date following a Termination of Employment selected in his or her Enrollment Election form.

  • Thereafter, such Participant may provide a new Enrollment Election effective as of the first day date for which implementing such increase is administratively practicable if, on that date, the Participant is employed in Recognized Employment.


More Definitions of Enrollment Election

Enrollment Election means an agreement, on a form or by a method prescribed by the Plan Administrator, between a Participant and the Employer, providing for the reduction of Compensation to be paid to the Participant after the date such agreement is made and the making of Section 401(k) Contributions to the Plan. Such election will remain in effect until modified or terminated by the Participant.
Sample 1
Enrollment Election means irrevocable elections made by a Participant (a) to select the term of his or her Installment Form of Payment; and (b) to select the Payment Date of his or her Accounts following Termination of Employment.
Sample 1

Related to Enrollment Election

  • Payment Election means an election pursuant to Section 5.1.

  • Deferral Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the amount of the Deferrals.

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.

  • Election Form means the form established from time to time by the Committee that a Participant completes, signs and returns to the Committee to make an election under the Plan.

  • Investment Election means an election, made in such form as the Administrative Committee may direct, pursuant to which a Participant may elect the Investment Funds in which the amounts credited to his Account will be deemed to be invested.

  • Distribution Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the time and form of distribution.

  • Enrollment means the number of students who are enrolled in a school operated by the district on October 1. A student shall be counted as one whether the student is enrolled as a full-time or part-time student. Students enrolled in prekindergarten programs shall not be counted.

  • Enrollment Date means the first day of each Offering Period.

  • Enrollment Agreement means an agreement between the Company and an employee, in such form as may be established by the Company from time to time, pursuant to which the employee elects to participate in this Plan, or elects changes with respect to such participation as permitted under the Plan.

  • Enrollment Period means that period of time prescribed by the Administrator, which period shall conclude prior to the Offering Date, during which Eligible Employees may elect to participate in an Offering Period. The duration and timing of Enrollment Periods may be changed or modified by the Administrator from time to time.

  • Distribution Election With respect to any Series, as specified in the related Supplement.

  • Enrollment Form means an agreement pursuant to which an Eligible Employee may elect to enroll in the Plan, to authorize a new level of payroll deductions, or to stop payroll deductions and withdraw from an Offering Period.

  • 10) Election has the meaning set forth in Section 6.05(a).

  • Primary election means any regular primary election held under the election

  • LCT Election has the meaning assigned to such term in Section 1.06.

  • Deferral Agreement means the annual written agreement between the Funds and the Participant to defer Compensation under the Plan.

  • Deferral Year means each calendar year during which the Director makes, or is entitled to make, Compensation Deferrals under Section 3 hereof.

  • Regular primary election means the election on the fourth Tuesday of June of

  • Deferral means the amount or amounts of a Participant’s Compensation deferred under the provisions of Section 3.

  • Initial Enrollment Period means one of the following periods during which you may first enroll for coverage under this plan:

  • Mail ballot election means any election that is conducted under Title 13, chapter 19, by mailing

  • LCA Election has the meaning specified in Section 1.09(a).

  • Election cycle means the period beginning on the first day persons are eligible to

  • Annual Enrollment Period or "Enrollment Period" means the period before each policy anniversary so designated by the Sponsor and Lincoln during which you may enroll for coverage under this policy.

  • Eligible elector means a person who meets the specific requirements for voting at a specific election or for a specific candidate, ballot question, or ballot issue. If no specific provisions are given, an eligible elector shall be a registered elector, as defined in subsection (35) of this section.

  • Deferral Contribution means any contribution made to the Plan by the Employer in accordance with the provisions of Section 5.03.