Pre-Tax Contributions definition

Pre-Tax Contributions means, for any Participant, the aggregate of the Participant's Basic Pre-Tax Contributions and Supplemental Pre-Tax Contributions contributed to the applicable Pre-Tax Contribution Account.

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Pre-Tax Contributions means amounts withheld from an Employee’s Compensation pursuant to a Salary Reduction Agreement before any applicable state and federal taxes have been deducted. The amounts are withheld for purposes of purchasing one or more of the Benefit Package Options available under the Plan. This amount shall not exceed the contributions attributable to the most costly Benefit Package Option afforded hereunder, and for purposes of Code Section 125, shall be treated as an Employer contribution (this amount may, however, be treated as an Employee contribution for purposes of state insurance laws).

Pre-Tax Contributions means Pre-Tax Matched Contributions and Pre-Tax Unmatched Contributions.

Examples of Pre-Tax Contributions in a sentence

The excess amounts shall first be taken from unmatched Pre-Tax Contributions and then from matched Pre-Tax Contributions.
Pre-Tax Contributions and/or After-Tax Contributions may not commence prior to the date the Plan is adopted.
The process shall be repeated until the total of the Deferral dollar amount reductions equals the dollar amount of excess Deferrals for all HCEs. To the extent an HCE's Deferrals were determined to be reduced as described in the paragraph above, Pre-Tax Contributions shall, by the end of the next Plan Year, be refunded to the HCE, except that such amount to be refunded shall be reduced by Pre-Tax Contributions previously refunded because they exceeded the Contribution Dollar Limit.
In no event shall an Employee's Pre-Tax Contributions under the Plan and comparable contributions to all other plans, contracts or arrangements of all Related Companies exceed the Contribution Dollar Limit for the Employee's taxable year beginning in the Plan Year.
In-service withdrawals from Pre-Tax Contributions will only be allowed in case of a financial hardship as such term is defined in Article 9.1 of the Master Plan Document or the Employer's Individual Plan Document.

More Definitions of Pre-Tax Contributions

Pre-Tax Contributions means contributions made by an Employer on behalf of a Participant in accordance with his or her Contribution Election pursuant to Article III.

Pre-Tax Contributions means contributions made by a Participant to the Plan in accordance with Section 4.3 that are excludable from the Participant’s gross income and intended to satisfy the requirements of Code Section 402 and which have not been irrevocably designated as Roth Contributions by the Participant.

Pre-Tax Contributions means contributions made to the Trust Fund on behalf of a Participant pursuant to Section 3.1.

Pre-Tax Contributions means contributions by an

Pre-Tax Contributions means amounts withheld from an Employee's Compensation pursuant to a Salary Reduction Agreement before any applicable state and federal taxes have been deducted. The amounts are withheld for purposes of purchasing one or more of the Benefit Options available under the Plan. This amount shall not exceed the premiums or contributions attributable to the most costly Benefit

Pre-Tax Contributions means amounts withheld from an Employee's Compensation pursuant to a Premium Deduction Authorization before any applicable state and federal taxes have been deducted. The amounts are withheld for purposes of purchasing one or more of the Benefit Plans or Policies available under the Plan. This amount shall not exceed the premiums or contributions attributable to the most costly Benefit Plan or Policy afforded hereunder, and for purposes of Code Section 125, shall be treated as an Employer contribution (this amount may, however, be treated as an Employee contribution for purposes of state insurance laws).

Pre-Tax Contributions means Employee Contributions that are made on a pre-tax basis. This means that your taxable earnings from the University are reduced by your Pre-Tax Contributions before federal and most state taxes are withheld. This lowers your taxable income and allows you to pay less in income taxes. Pre-Tax Contributions, however, do not reduce your taxable earnings for purposes of computing your Social Security and Medicare taxes.