Refund of Contributions definition

Refund of Contributions at any time means: i. a refund of a Contribution that had been made at a previous time, if the Contribution was made: A. otherwise than by way of a transfer from another registered education savings plan; and B. into the Plan by or on behalf of a Subscriber under this Plan, or ii. a refund of an amount that was paid at a previous time into the Plan by way of a transfer from another registered education savings plan, where the amount would have been a refund of contributions under the other plan if it had been paid at the previous time directly to a subscriber under the other plan;
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Refund of Contributions at any time means:
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Refund of Contributions means any payment under subsection 14c) that is a refund of Contributions made at a previous time to this Plan or a Former Plan, excluding the repayment of Government Assistance, as required by the Applicable Legislation;
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Examples of Refund of Contributions in a sentence

  • When a Refund of Contributions is made, a corresponding refund of Government Funded Benefits will also be made pursuant to section 7.

  • Refund of Contributions – Members may withdraw their contributions only when they terminate covered employment in the State and their former employer(s) certification determination has been received by NMERB.

  • Fees related to the Plan Assets such as broker commissions and mutual fund service charges are considered expenses of the Plan, and as such reduce the Plan Assets available under the Plan for Refund of Contributions, Educational Assistance Payments, Accumulated Income Payments and payments to, or to a trust in favour of, a designated educational institution in Canada referred to in paragraph 118.6(1)(a)(i) of the Tax Act.

  • Refund of Contributions Non-vested members who terminate employment may only receive a refund or a rollover of their contributions, with statutory accumulated interest.

  • At any time, the Subscriber may ask for a Refund of Contributions to be paid to the Subscriber.

  • Refund of Contributions: Terminated members may receive refunds of their member contribution accounts, which includes their mandatory and vol- untary contributions, indebtedness payments, and interest earned.

  • Fees related to the Plan Assets (such as broker commissions and mutual fund service charges) are considered expenses of the Plan, and as such reduce the Plan Assets available under the Plan for Refund of Contributions, Educational Assistance Payments, Accumulated Income Payments, and payments to, or to a trust in favour of, a designated educational institution in Canada referred to in paragraph 118.6(1)(a)(i) of the Tax Act.

  • There are three parts to this Application for Refund of Contributions.

  • In order for the Plan to do a direct rollover, I understand this form needs to be completed and returned to the Los Angeles Fire and Police Pension Plan, including the necessary authorization from the financial institution receiving my distribution, within 180 days from the date of filing my Request for Refund of Contributions or the Plan will refund the taxable portion to me without withholding income taxes.2. [ ] REFUND with the following tax withholding(s).

  • Refund of Contributions: Terminated members may receive refunds of their member contribution accounts, which includes their mandatory contribu- tions, indebtedness payments, and interest earned.


More Definitions of Refund of Contributions

Refund of Contributions means any amount paid or payable under an approved pension fund plan on the withdrawal from a plan before five years contribution is made of an employee, or on approval of an application by the Board therefor for any other reason, as or on account of -
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Refund of Contributions at any time means: i) otherwise than by way of a transfer from another registered education savings plan; and
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Refund of Contributions means a refund of a Subscriber contribution that has been made at a previous time if the contribution was made into the particular plan by or on behalf of the Subscriber otherwise than by way of a transfer from another RESP, or a refund of an amount that was paid into the Plan at a previous time by way of transfer from another RESP where the amount would have been a refund of contributions under the other RESP if it had been paid at the time of transfer directly to a Subscriber under the other RESP.
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Related to Refund of Contributions

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

  • 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.

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

  • 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.

  • Payments in lieu of contributions means the money payments to

  • 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.

  • 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.

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

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

  • 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.

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

  • 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.

  • 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.

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

  • 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:

  • 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.

  • 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.

  • Cash Contribution refers to a direct payment of Contribution in Canadian currency.

  • 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.

  • Accumulated contributions means the sum of all

  • 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.

  • Regular contributions means the amounts required to be

  • Precontribution Gain has the meaning set forth in subparagraph 4(c) of Exhibit B.

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

  • Additional Capital Contributions shall have the meaning set forth in Section 5.3.