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.

  • Profit Sharing Contributions will be allocated to the Profit Sharing Contribution Accounts of each Participant eligible to share in such allocations after the end of the Plan Year.

  • Profit Sharing Contribution – A Profit Sharing Contribution is a contribution your Employer may choose to make each year based on the formula in the Plan document for Participants who meet the Profit Sharing Contribution eligibility requirements.

  • Profit Sharing Contributions The Company may, in its sole discretion, make a Profit Sharing Contribution to the Plan on your behalf.

  • Please note that if you are an Eligible Employee and terminate employment with the Company due to death, disability or attainment of Normal Retirement Age you will be eligible to receive a Profit Sharing Contribution regardless of whether you meet any service requirement and/or last day requirement described in this Section.


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 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.
Profit Sharing Contribution means an Employer contribution made pursuant to Section 4.4(a).
Profit Sharing Contribution means the contribution referred to in Section 3.3 (Profit Sharing Contribution Under the Savings Program).