Matching Deferral definition

Matching Deferral means a deferral for the benefit of a Participant as described in Section 4.2.

Matching Deferral means a contribution by an Employer for the benefit of a Participant who is an Eligible Employee, as described in Section 4.2.

Matching Deferral means the additional deferral amount credited to a Participant by a Participating Employer under the terms of Subsection 2 of Section III of this Plan. In addition, the term “Matching Deferral” shall include any matching deferrals (and any gains and losses credited thereon) that, as of December 31, 2004, were not vested under the Old EDSP.

Examples of Matching Deferral in a sentence

• The amount of Matching Contributions credited to the Account of any Participant with respect to Elective Deferrals of Compensation for any Plan Year may not exceed the Matching Deferral Limitation applicable to that Participant for such Plan Year.

• A Participant shall always have a non-forfeitable right to 100% of his Employer Matching Deferral Account.

• An Eligible Employee shall become a Participant in the Plan as of the date on which he or she begins to defer compensation in accordance with Section 4.1 or on the date determined by the Plan Administrator with respect to a Matching Deferral under Section 4.2 or a Performance Deferral under Section 4.3.

• The Participating Employer shall credit an additional deferral amount (“Matching Deferral”) equal to 50% of a Participant’s Basic Deferral; provided, however, that such Matching Deferral shall not exceed $12,500 for any given Plan Year or such other amount as the Committee shall approve from time to time.

• For example, the Employer may decide to credit a Matching Deferral of, for example, 50 cents for each dollar of a Participant's Elective Deferrals, but limit the match to the first 5% of Compensation deferred by the Participant.

More Definitions of Matching Deferral

Matching Deferral means the additional deferral amount credited to a Participant by a Participating Employer under the terms of this Plan.

Matching Deferral means the amount determined and approved by the Committee, expressed as a percentage of an annual Cash Award received by a Participant under this Plan.

Matching Deferral means a deferral made for the benefit of a Participant under Section 4.2.

Matching Deferral means a deferral pursuant to Section 3.2(a).

Matching Deferral means the additional deferral amount credited to a Participant by a Participating Employer under the terms of Subsection 2 of Section III of this Plan. In addition, in the case of any Participant who also was a participant in the VF EDSP I, the term “Matching Deferral” shall include any matching deferrals (and any gains and losses credited thereon) that, as of December 31, 2004, were not vested under the VF EDSP I. 16. “Participant” means an eligible employee who participates in this Plan in accordance with its provisions. 17. “Participating Employer” means the Company and each related company or business within the Company Controlled Group the eligible employees of which are designated by the Committee to participate in this Plan with respect to Basic and Matching Deferrals, and/or Company Retirement Deferrals (if such deferrals are provided). 18. “Performance-Based Compensation” shall have the meaning as set forth under Code Section 409A. 19. “Plan” means the Kontoor Brands Executive Deferred Savings Plan II as it may be amended subsequently from time to time. 20. “Plan Year” means the calendar year. 21. “Service” means the vesting service as is recognized for the Participant under the Kontoor Brands 401k Savings Plan. 22. “Severance from Service” shall have the same meaning as the term “separation from service” as set forth under Code Section 409A. Notwithstanding the foregoing, a Severance from Service does not occur if a Participant is transferred to another Participating Employer or any member of the Company Controlled Group. 23. “Specified Employee” means as of any given date, the one-hundred (100) highest compensated employees as of the end of the preceding Plan Year; provided that the group of one-hundred (100) employees shall include at least fifty (50) officers (except to the extent that there are fewer than fifty (50) officers, in which case the group shall include all officers), and provided further that such group of employees and officers shall be determined from a listing of same drawn from the Company Controlled Group, and compiled as of the end of such preceding Plan Year. 24. “Spouse” means the person to whom the Participant is legally married at the time relevant to any determination under the Plan. 25. “Total Disability” means a physical or mental impairment that qualifies a Participant for disability benefits under a long-term disability benefits plan maintained by the Participant’s Participating Employer and/or eligibility for disabi...

Matching Deferral means a deferral provided at the Employer’s discretion for a Participant’s benefit as described in Section 4.3.

Matching Deferral means a deferral for the benefit of a Participant as described in Section 4.2. A Matching Deferral may be made in cash, securities of the Employer or a combination thereof in ratios to be established from time to time by the Board of Directors of the Employer or the Compensation Committee of the Employer.