Excess Deferral Amount definition

Excess Deferral Amount means the amount of Elective Employer Contributions for a calendar year that exceed the Code Section 402(g) limits as allocated to this Plan pursuant to Section 4.3(b).

Excess Deferral Amount means, with respect to a Plan Year, the excess of:

Excess Deferral Amount means the amount of elective deferrals for a calendar year that the Participant designates to the Plan pursuant to the following procedure. The Participant’s designation: shall be submitted to the Administrator in writing no later than March 1; shall specify the Participant’s Excess Deferral Amount for the preceding calendar year; and shall be accompanied by the Participant’s written statement that if the Excess Deferral Amount is not distributed, it will, when added to amounts deferred under other plans or arrangements described in Section 401(k), 408(k) or 403(b) of the Code, exceed the limit imposed on the Participant by Section 402(g) of the Code for the year in which the deferral occurred.

Examples of Excess Deferral Amount in a sentence

• The Employer may disregard any election to make Elective Deferrals to the extent it would result in the contribution of an Excess Deferral Amount.

• The Audit & Performance Committee are provided with updates at each meeting on all RED or AMBER RAG limited assurance audits issued in the period.

• The Regular Compensation portion of the Annual Excess Deferral Amount shall be withheld from the Participant’s Regular Compensation earned during the Plan Year.

• Any such distribution shall be designated as an Excess Deferral Amount by the Company, Participating Employer or the Trustee, as the case may be, and shall be reduced by the amount of any Excess Contributions previously distributed to the Participant from the Plan for the Plan Year beginning with or within such calendar year.

• If the Total Award for a Covered Person who participates in the Deferred Compensation Plan exceeds $2 million for the 2008 or 2009 Compensation Year, then, notwithstanding any term of the Deferred Compensation Plan to the contrary, fifty percent (50%) of the Excess Deferral Amount forsuch Compensation Year will be deemed a Stock-Indexed Deferral under this Plan and, as such, will be indexed to AIG stock and paid as provided in Section 3.05(c) of the Plan.

More Definitions of Excess Deferral Amount

Excess Deferral Amount means those Elective Deferral Contributions that are includable in a Participant’s gross income under Code Section 402(g) to the extent such Participant’s Elective Deferral Contributions for a taxable year exceed the dollar limitation under Code Section 402(g). If an Excess Deferral Amount is not distributed by the first April 15 following the close of the Participant’s taxable year, such amount shall be treated as an annual addition under the Plan.

Excess Deferral Amount means the amount described in Section 4.01(d).

Excess Deferral Amount means those Elective Deferral Contributions that are includable in a Participant's gross income under Code Section 402(g) to the extent such Participant's Elective Deferral Contributions for a taxable year exceed the dollar limitation under Code Section 402(g). If an Excess Deferral Amount is not distributed by the first April 15 following the close of the Participant's taxable year, such amount shall be treated as an annual addition under the Plan.

Excess Deferral Amount means the amount described in Subsection 4.2A(c).

Excess Deferral Amount means the amount of Salary Deferral Contributions for a calendar year that the Participant allocates to this Plan pursuant to the claim procedure set forth below.

Excess Deferral Amount means the amount of deferred salary contributions for a calendar year in excess of the limitation set forth in Section 402(g) of the Code (including if applicable the limitation under Section 414(v) of the Code) for such calendar year that the Participant elects to have distributed from the Plan pursuant to the claims procedure set forth in the following paragraph. In the event the Participant’s deferred salary contributions to the Plan for a calendar year, when added to amounts deferred under other plans, contracts or arrangements, described in Sections 401(k), 408(k), 408(p), 501(c)(18) or 403(b) of the Code (including, for Plan Years beginning on or after January 1, 2006, Rxxx elective deferrals) for such calendar year, of the Company constitute Excess Deferral Amounts, such Participant shall be deemed to have filed a claim in accordance with the following paragraph, and the appropriate Employer or Affiliated Business shall notify RadioShack on behalf of the Participant under those circumstances. The Participant’s claim shall be in writing; shall be submitted to RadioShack no later than March 1 following the calendar year in question; shall specify the Participant’s Excess Deferral Amount for the preceding calendar year; and shall be accompanied by the Participant’s written statement that if such amounts are not distributed, such Excess Deferral Amount, when added to amounts deferred under other plans, contracts or arrangements described in Sections 401(k), 408(k), 408(p), 501(c)(18) or 403(b) of the Code (including, for Plan Years beginning on or after January 1, 2006, Rxxx elective deferrals) for such calendar year, exceeds the limit imposed on the Participant by Section 402(g) of the Code (including if applicable the limitation under Section 414(v) of the Code) for the Plan Year in which the deferral occurred. The Excess Deferral Amount distributed to a Participant with respect to a calendar year shall be adjusted for income or loss allocable to the Excess Deferral Amount, determined in a manner consistent with Internal Revenue Service guidelines.

Excess Deferral Amount means, in respect of any Covered Person for any Compensation Year, the amount of the Total Award deferred pursuant to the terms of the Deferred Compensation Plan that is in excess of $650,000 (as determined pursuant to Schedule A to the Deferred Compensation Plan).