Profit Sharing Contribution definition

Profit Sharing Contribution means any Employer Contribution made to the Plan as provided in Article VI, other than Matching Contributions and Qualified Nonelective Contributions.

Profit Sharing Contribution means any Employer Contribution made to the Plan as provided in Article VI, other than Matching Contributions.

Profit Sharing Contribution means the annual discretionary employer profit sharing contribution allocated to the accounts of participants under the Qualified Plan for a Plan year.

Examples of Profit Sharing Contribution in a sentence

• Your share of the profit sharing contribution is determined by the following fraction: Profit Sharing Contribution X Your Compensation Total Compensation of All Participants Eligible toShare For example: Suppose the profit sharing contribution for the Plan Year is $20,000.

• As of the last day of each Plan Year, the Profit Sharing Contribution (and any amounts reapplied under Section 6.1(d)) for the Plan Year shall be allocated as indicated by the Employer in the Plan Agreement.

• A partially-vested Member is a Member whose Vested Interest, determined under Section 6.07(a), in either his Company Matching Contribution Account or his Company Profit Sharing Contribution Account, or both, is less than 100%.

• In no event, however, shall the amount credited under this Plan with respect to a Plan Year exceed the amount by which the Participant’s Profit Sharing Contribution under the MoneyGram International, Inc.

• A Member shall have a fully vested interest at all times (i) in his Member Accounts and (ii) in his Company Profit Sharing Contribution Account balance determined as of July 31, 1997.

More Definitions of Profit Sharing Contribution

Profit Sharing Contribution means any contribution made to the Plan and allocated to a Participant’s Profit-Sharing Contributions Subaccount in accordance with Section 3.1.4.

Profit Sharing Contribution means the Participating Company contribution made on behalf of a Participant pursuant to Section 4.3.

Profit Sharing Contribution means a contribution made by an Employer on behalf of a Participant as provided in Section 4.2.

Profit Sharing Contribution means a profit sharing contribution made pursuant to Section 4.06.

Profit Sharing Contribution means an Employer contribution made pursuant to Section 4.4(a).

Profit Sharing Contribution means a contribution made for the benefit of a Participant by the Employer pursuant to Section 4.2(a).

Profit Sharing Contribution means for Plan Years commencing on or after January 1, 2008, the annual contributions, if any, made by the Company pursuant to Section 4.3 of the Plan. Profit Sharing Contributions shall be paid in Company Stock unless the Board elects to make such Profit Sharing Contribution in cash.