PAYSOP Contributions definition

PAYSOP Contributions means the contributions made by PPL in accordance with Section 4.3.
PAYSOP Contributions means employer contributions to the PAYSOP that were transferred to the Plan in connection with the merger of the PAYSOP into the Plan.
PAYSOP Contributions means contributions made to the Plan which were designated as Paysop Contributions with respect to Plan Years beginning before 1987.

Examples of PAYSOP Contributions in a sentence

  • Separate subaccounts shall also be maintained with respect to the Stock acquired with (a) TRASOP and PAYSOP Contributions, (b) Matching Contributions and (c) Dividend-based Contributions.

  • Notwithstanding any provision of Sections 11.1 and 11.3, a Member shall be entitled to withdraw, from his or her PAYSOP Contributions Subaccount, the full value, as of the withdrawal Valuation Date, of the amount attributable to PAYSOP Contributions (including earnings and appreciation thereon).

  • An O&R Participant may also withdraw the income credited after December 31, 1988, attributable to Transferred Employer PAYSOP Contributions and Rollover Contributions and income attributable to After-Tax Contributions if such income is subject to the restrictions on withdrawal pursuant to Section 7.03.

  • PAYSOP Contributions were transferred to the Trust Fund in connection with the merger of the PAYSOP into the Plan.

  • No withdrawal shall be made of shares of Company Stock attributable to PAYSOP Contributions that have not been allocated to the Member’s Account for a period of at least eighty-four (84) months (including all periods during which such shares were allocated to the Member’s account under the PAYSOP prior to the merger of the PAYSOP into the Plan).

  • The Account established on behalf of a Participant attributable to a Participant's PAYSOP Contributions.

  • PAYSOP Contributions shall not be made to the Plan but such contributions transferred from the PAYSOP shall be accounted for in the subaccount described in Section 9.1(d)(ii).

  • If a withdrawal is requested from the PAYSOP Contributions Subaccount, the entire balance of the subaccount must be requested.

  • A Participant may elect, while in the employ of the Employer, to withdraw any or all of the portion of his Account which is attributable to the Employer's PAYSOP Contributions.

  • Contributions made on behalf of Participants pursuant to Article XII of the previous Plan will be referred to as the "Employer's PAYSOP Contributions." Wherever the term "Employer Contributions" appears in the Plan, it will be deemed to include the employer's Matching Contributions and Discretionary Contributions, unless otherwise indicated.


More Definitions of PAYSOP Contributions

PAYSOP Contributions means the contributions made by PP&L in accordance with Section 4.3.
PAYSOP Contributions means those amounts contributed, pursuant to Section 5.1 hereof, by the Employer.

Related to PAYSOP Contributions

  • 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.

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

  • Cash contributions means the re- cipient’s cash outlay, including the outlay of money contributed to the re- cipient by third parties.

  • Rollover Contributions means, for any Participant, his rollover contributions as provided in Section 7.1.

  • Member contributions means all amounts paid to ASRS by a member.

  • 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:

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

  • 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.

  • 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.

  • Accumulated contributions means the sum of all

  • In-kind contributions means services and goods as approved by the department that are provided by a grant recipient toward completion of a department-approved local snowmobile program under section 82107.

  • 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.

  • Contributions means the payroll deductions and other additional payments specifically provided for in the Offering that a Participant contributes to fund the exercise of a Purchase Right. A Participant may make additional payments into his or her account if specifically provided for in the Offering, and then only if the Participant has not already had the maximum permitted amount withheld during the Offering through payroll deductions.

  • Catch-Up Contribution means an Elective Deferral made to the Plan by a Catch-Up Eligible Participant that, during any taxable year of such Participant, exceeds one of the following:

  • Regular contributions means the amounts required to be

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

  • 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.

  • Excess Contributions means, with respect to any Plan Year, the excess of:

  • Equity Contributions means the equity to be contributed by the Equity Investor to Borrower, in accordance with and subject to the terms of the Partnership Agreement.

  • 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.

  • 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.

  • 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.

  • After-Tax Contributions means amounts withheld from an Employee’s Compensation pursuant to a Salary Reduction Agreement after all applicable state and federal taxes have been deducted. Such amounts are withheld for purposes of purchasing one or more of the Benefit Package Options available under the Plan.

  • 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.

  • Additional contributions means contributions made by a member of a defined benefit plan to