Performance Contribution definition

Performance Contribution means an unfunded contribution for the benefit of a Participant, as described in Section 4.
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Performance Contribution means the amount credited to a Participant's Account by the Employer pursuant to Section 5.3 of the Plan.
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Performance Contribution means the amount, if any, allocated to an Executive’s Account pursuant to Section 5.3.
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Examples of Performance Contribution in a sentence

  • The Committee shall have sole and complete discretion in determining the basis for the crediting of additional amounts under this Section 5.1, including, without limitation, the authority to award such amounts on an individual or group basis and/or as a Company Matching Contribution or a Company Performance Contribution.

  • Any Employer Performance Contribution shall be allocated pro rata among the accounts of Eligible Employees based on their Compensation while an active Participant during the Plan Year, and shall be payable to Eligible Employees who were actively employed by an Employer on December 31 of the applicable Plan Year, or who died, retired, or became disabled for purposes of the Plan during the Plan Year.

  • Any Employer Performance Contribution for the Plan Year shall be payable to each Eligible Employee (or Beneficiary) who is actively employed by the Employer on December 31 of such Plan Year, or who died, retired, became Disabled, or otherwise went on an approved leave of absence during the Plan Year.

  • In the event the Participant is entitled to a Performance Contribution for a year which has not been allocated to the Participant's Account prior to the distribution described in the preceding sentence, the balance of the Account attributable to such Performance Contribution shall be distributed to the Participant as soon as practicable after it has been credited to the Participant's Account.

  • The Employer Contributions Account shall be divided into the following three separate sub-accounts: the Discretionary Sub-account, the Supplemental 401(k) Employer Contributions Sub-Account and the Employer Performance Contribution Sub-Account.

  • The Company shall credit any Performance Contributions to a “Performance Contribution Sub-Account” of each Participant’s Account, as described in Section 7.01, as of the date on which the amount of such Performance Contribution is determined by the Board.

  • Any Employer Performance Contribution for the Plan Year shall be payable to each Eligible Employee (or Beneficiary) who is actively employed by an Employer on December 31 of such Plan Year, or who died, retired, became Disabled, or otherwise went on an approved leave of absence during the Plan Year.

  • In addition to the original scale, participants’ demographic information and the information about the frequency of fitness participation were collected.

  • A new project has been started in 2015 in order to publish CDO procedures on EBLG (project being supported by SPW and SOWAER).Link to ESSIP (ATM Master Plan Level 3) / OI Steps (ATM Master Plan Level 2) / Other referencesESSIP: ENV01OI Steps: AOM-0701Other References: -Expected Performance Contribution (specific to the participating organisation(s)) *Capacity-Safety-Environment (including flight efficiency)Gains in fuel burn.Cost efficiencyLess fuel costs for airlines.

  • The Plan’s discretionary employer contribution is known as the Company Performance Contribution (“CPC”), and is contingent upon the Company’s financial performance.


More Definitions of Performance Contribution

Performance Contribution means the contribution and transfer by NHO to GCC of all of the capital stock of Toledo Technologies, Inc., a Delaware corporation, Balcrank Products, Inc., a Delaware corporation, Printing Developments Inc., a Delaware corporation, Defiance Inc., a Delaware corporation, and HN Investment, provided that the capital stock of HN Investment shall not be included in the Performance Contribution if HN Investments is retained as a member of the GCG Group in accordance with section 2.01(d) of the Separation Agreement, in each case, in connection with the Corporate Restructuring Transactions.
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Related to Performance Contribution

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.

  • 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.

  • 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 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.

  • 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).

  • 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.

  • Award Year means a fiscal year beginning January 1 and ending December 31 with respect to which an Award may be granted.

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

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • 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.

  • Plan Year means the calendar year.

  • Energy savings performance contract means a contract under which the rate of payments is based upon energy and operational cost savings and a stipulated maximum energy consumption level over the life of the contract.

  • Performance Cash Award means an award of cash granted pursuant to the terms and conditions of Section 6(c)(ii).

  • Performance Cash means any cash incentives granted pursuant to Article 9 payable to the Participant upon the achievement of such performance goals as the Committee shall establish.

  • Performance Condition means any performance condition imposed under rule 4.1 (Performance Conditions);

  • Performance Date means December 31, 2022. If the Locality, in consultation with the Authority and VEDP, deems that good faith and reasonable efforts have been made and are being made by the Company to achieve the Targets, the Locality may, prior to the then-current Performance Date, request an extension of the Performance Date by up to 15 months. Any extension of the Performance Date shall require the prior approval of the Board of Directors of VEDP (the “Board”). If the Performance Date is extended, the Locality shall send written notice of the extension to the Authority, the Company and VEDP and the date to which the Performance Date has been extended shall be the “Performance Date” for the purposes of this Agreement.

  • Performance Corridor means the acceptable range of results around a Performance Target;

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

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

  • 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.

  • Bonus Payment means a cash payment in an amount equal to the sum of (i) all Excise Taxes payable by the Executive, plus (ii) all additional Excise Taxes and federal or state income taxes to the extent such taxes are imposed in respect of the Bonus Payment, such that the Executive shall be in the same after-tax position and shall have received the same benefits that he would have received if the Excise Taxes had not been imposed. For purposes of calculating any income taxes attributable to the Bonus Payment, the Executive shall be deemed for all purposes to be paying income taxes at the highest marginal federal income tax rate, taking into account any applicable surtaxes and other generally applicable taxes which have the effect of increasing the marginal federal income tax rate and, if applicable, at the highest marginal state income tax rate, to which the Bonus Payment and the Executive are subject. An example of the calculation of the Bonus Payment is set forth below. Assume that the Excise Tax rate is 20%, the highest federal marginal income tax rate is 40% and the Executive is not subject to state income taxes. Further assume that the Executive has received an excess parachute payment in the amount of $200,000, on which $40,000 ($200,000 x 20%) in Excise Taxes are payable. The amount of the required Bonus Payment is thus computed to be $100,000, i.e., the Bonus Payment of $100,000, less additional Excise Taxes on the Bonus Payment of $20,000 (i.e., 20% x $100,000) and income taxes of $40,000 (i.e., 40% x $100,000), yields $40,000, the amount of the Excise Taxes payable in respect of the original excess parachute payment.

  • 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.

  • Incentive Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.

  • 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:

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.