Matching Allocation definition

Matching Allocation means an allocation by the Employer for the benefit of a Participant who is an Eligible Employee, as described in Section 4.4.
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Matching Allocation means an allocation by the Employer for the benefit of a Participant who is an Eligible Employee, as described in Section 4.3.
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Matching Allocation means an amount allocated to a Participant’s Choice Account with respect to the Participant’s Elective Deferral Contributions under the Plan.
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Examples of Matching Allocation in a sentence

  • A Participant who has made a Deferral Election with respect to a Plan Year and has Participant Matchable Deferrals for such Plan Year shall receive a credit to his Participant Company Account of a Matching Allocation for such Plan Year.

  • The Participant’s Deferral Account shall be credited with the annual SRSP lost Matching Allocation on January 15 following the year of the lost Matching Allocation.

  • In allocating Safe Harbor Contributions and Additional Matching Contributions that satisfy the ACP test safe harbor under Section 3.05(G) and for Elective Deferral allocation under this Section 3.05, the following provisions apply: (1) Safe Harbor and Additional Matching Allocation.

  • Effective for Plan Years beginning on and after January 1, 1997, Participants ceased to be eligible for the annual SRSP lost Matching Allocation.

  • The Matching Allocation with respect to a Plan Year shall equal 50% of the Participant Matchable Deferrals.

  • The Participant's Deferral Account shall be credited with the annual SRSP lost Matching Allocation on January 15 following the year of the lost Matching Allocation.

  • The Participant's Deferral Account shall be credited with the annual SRSP lost Matching Allocation no later than the last day of January following the year of the lost Matching Allocation.

  • As of the Valuation Date coinciding with the date on which a Participating Employee’s Account is credited with Basic Contributions, there shall be allocated to the Participating Employee’s ESOP Employing Company Matching Allocations Account the amount of the ESOP Employing Company Matching Allocation and Additional Allocations to which the Participating Employee is entitled pursuant to Section 5 (“Employing Company Matching Allocations”).

  • Participants with Matchable Deferrals for a Plan Year shall receive a credit to their Participant Company Account for the Plan Year of an Incentive Matching Allocation if an "Incentive Matching Allocation" is provided under the Progress Energy 401(k) Savings & Stock Ownership Plan for the Plan Year.

  • Utku Ünver, Matching, Allocation, and Exchange of Discrete Resources, in Handbook of Social Economics, Volume 1A (Jess Benhabib, Alberto Bisin and Matthew O.


More Definitions of Matching Allocation

Matching Allocation means the amount allocated to an Eligible Member's account pursuant to Sections 4.5 or 4.8(i).
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Matching Allocation means a conditional promise to transfer shares in the Company for no payment designated as a Matching Allocation in accordance with Rule 3(1) of Part A;
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Matching Allocation means a conditional promise to transfer shares in the Company comprising Matching Shares upon the terms set out in the Plan;
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Matching Allocation means the allocation by the Employer made on account of a Participant’s Elective Deferrals, as described in Section 3.2.
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Matching Allocation means an allocation by the Employer for the benefit of a Participant as described in Article 4.
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Matching Allocation means an amount allocated to a Participant's Choice Account under Sections 5.2.
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Related to Matching Allocation

  • 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.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • 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.

  • 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.

  • 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).

  • 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.

  • 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.

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

  • 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.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • 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.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Allocation Year Means (i) the period commencing on the Closing Date and ending on December 31, 2006, (ii) any subsequent period commencing on January 1 and ending on the following December 31, or (iii) any portion of the period described in clause (ii) for which the Company is required to allocate Profits, Losses and other items of Company income, gain, loss or deduction pursuant to Article V.

  • Matching Period has the meaning specified in Section 5.4(1)(e).

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

  • Excess Elective Deferrals means the amount of Elective Deferrals (as defined below) 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 Elective Deferrals for the preceding calendar year; and shall be accompanied by the Participant’s written statement that if the Excess Elective Deferrals 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. Excess Elective Deferrals shall mean those Elective Deferrals that are includible in a Participant's gross income under Section 402(g) of the Code to the extent such Participant's Elective Deferrals for a taxable year exceed the dollar limitation under such Code section.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Nonelective Contribution means an amount contributed by a participating

  • 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.

  • Excess Contribution With respect to any Plan Year, the excess of: (a) the aggregate amount of Employer contributions actually taken into account in computing the ADP of Highly Compensated Employees for such Plan Year, over (b) the maximum amount of such contributions permitted by the ADP Test (determined by hypothetically reducing contributions made on behalf of Highly Compensated Employees in order of the ADPs, beginning with the highest of such percentages).

  • Elective Deferral means the portion of Compensation which is deferred by a Participant under Section 4.1.

  • Percentage Allocation is defined in Section 4.3(b)(ii)(y).

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

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

  • Elective Deferrals mean Compensation and Elective Deferrals for: . [Note: The Employer must complete the blank line with the applicable time period for computing the Basic Match, such as "each payroll period," "each calendar month," "each Plan Year quarter" or "the Plan Year."]

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