Related Defined Contribution Plan definition

Related Defined Contribution Plan means any defined contribution plan (as defined in Code Section 414(i)) maintained by an Employer or any other Related Company.
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Related Defined Contribution Plan means any other defined contribution plan (as defined in Section 415(k) of the Code) maintained by the Company or its Section 415 Affiliate.
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Related Defined Contribution Plan means any defined contribution plan (as defined in Code Section 414(i)) which is maintained by an Employer or a Related Company.
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Examples of Related Defined Contribution Plan in a sentence

  • If after reduction of all contributions to any Related Defined Contribution Plan, a Participant’s Annual Additions under this Plan still exceed the limitations under Section 5.3, Tax Deferred Contributions and Roth Contributions, if any, and income thereon, will be reduced on a pro-rata basis and returned to that Participant as soon as practicable, and will not be considered a contribution for any purposes of the Plan.

  • If a Participant in this Plan is also a Participant in a Related Defined Contribution Plan, and in the event that a Participant’s Annual Additions exceed the limitations of Section 5.3, contributions made during the Plan Year to a Related Defined Contribution Plan will be reduced first before a reduction in any contributions under this Plan.

  • How else can the risk and safety assessment determine whether a child would suffer more harm if she remains in the home than if she were removed?Currently, the second prong of the normative three-part standard can be fairly subjective and dependent on the parents’ interview and the child’s ability to express herself to the caseworker (unless physical injuries speak for her).Of course, the usefulness of the evaluation would depend on the quality of the psychologists and the cooperation of the child.

  • If any Employer Contributions cannot be allocated to any Participant’s Accounts by reason of this limitation, the Administrator shall, first, in a Related Defined Contribution Plan, return salary reduction contributions made by the Participant and reduce other employer contri­butions made for the Participant.

  • The term "Related Defined Contribution Plan" means any defined contribution plan (as defined in section 414(i) of the Code) maintained by the Company or a Related Company.

  • Related Defined Contribution Plan means any defined contribution plan, as defined in Code §414(i), maintained by the Employer or an Affiliated Employer.

  • If any Employer Contributions cannot be allocated to a Participant's Accounts, the Administrator, in its complete discretion, shall first, to a Related Defined Contribution Plan, return salary reduction contributions made by the Participant and reduce employer contributions made for the Participant.

  • A Participant may, in a manner prescribed by the Administrative Committee, request distribution of all or a portion of the amounts credited to his Transfer Account to the extent the Participant could have requested a distribution of those amounts if they had remained in the Related Defined Contribution Plan from which the transfer was made.

  • If the Employee is not eligible to participate in a Related Defined Contribution Plan, the Employee shall remain a Participant under the Plan until his entire Accrued Benefit is distributed under the terms of the Plan.

  • In addition, upon termination of the Plan, if the Plan does not offer an annuity option (purchased from a commercial provider) and if the Employer or any Affiliated Employer does not maintain a Related Defined Contribution Plan (other than an employee stock ownership plan as defined in Code §4975(e)(7)), a Participant’s Account balances may, without the consent of the Participant, be distributed to that Participant.


More Definitions of Related Defined Contribution Plan

Related Defined Contribution Plan means any defined contribution plan (as defined in section 414(i) of the Code) maintained by the Company or a Related Company.
Sample 1
Related Defined Contribution Plan means any defined contribution plan, other than the Plan, maintained by the Employer or a Related Employer. Section 2.58 Required Beginning Date
Sample 1
Related Defined Contribution Plan means any other defined contribution plan (as defined in section 415(k) of the Code) maintained by an Employer or any other trade or business which, together with an Employer, is a member of a controlled group of corporations or a controlled group of trades or businesses, as described in sections 414(b) and (c) of the Code, as modified by section 415(h) of the Code. A Participant's "Section 415 Compensation" for any Plan Year means his total compensation (as defined in Treas. Reg. Section 1.415-
Sample 1
Related Defined Contribution Plan means any defined contribution plan (as defined in Code section 414(I)) maintained by the Employer or a Related Company. The term “Annual Additions” means the total amount of employer contributions and voluntary employee contributions allocated to the Accounts of a Participant under this Plan and any Related Defined Contribution Plan for a Plan Year, except that if, during any Plan Year, no more than one-third of the Employer ESOP Contributions which are deductible under Code section 404(a)(9) are allocated to the Accounts of Highly Compensated Employees (as defined in Section 1.12) during the Plan Year, then any ESOP Contributions which are applied by the Trustee to pay interest on an Acquisition Loan, shall not be included in computing Annual Additions. Allocations to Highly Compensated Employees may be reduced pro rata according to the Compensation of each Highly Compensated Employee to the extent necessary to prevent the allocations to Highly Compensated Employees from exceeding one-third of the Employer ESOP Contribution deductible under Code Section 404(a)(9). For purposes of this Section, shares of Company Stock that are released from the Suspense Account and credited to a Participant’s ESOP Stock Account during any Plan Year shall be valued at the lesser of: (i) the Participant’s allocable share of Employer contributions for that year that are used to repay the Acquisition Loan; or (ii) the fair market value of the Company Stock that is allocated to the Participant’s ESOP Stock Account. If shares of Company Stock are sold out of the Loan Suspense Account, the gain on the sale shall be considered earnings, not Annual Additions, and will be allocated as such.
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Related to Related Defined Contribution Plan

  • Defined Contribution Plan A retirement plan which provides for an individual account for each participant and for benefits based solely on the amount contributed to the participant's account, and any income, expenses, gains and losses, and any forfeitures of accounts of other participants which the plan may allocate to such participant's account. The Advisory Committee must treat all defined contribution plans (whether or not terminated) maintained by the Employer as a single plan. Solely for purposes of the limitations of Part 2 of this Article III, the Advisory Committee will treat employee contributions made to a defined benefit plan maintained by the Employer as a separate defined contribution plan. The Advisory Committee also will treat as a defined contribution plan an individual medical account (as defined in Code Section 415(l)(2)) included as part of a defined benefit plan maintained by the Employer and, for taxable years ending after December 31, 1985, a welfare benefit fund under Code Section 419(e) maintained by the Employer to the extent there are post-retirement medical benefits allocated to the separate account of a key employee (as defined in Code Section 419A(d)(3)).

  • Defined Contribution Plan Fraction means a fraction, the numerator of which is the sum of the Annual Additions to the Member's account under all the defined contribution plans (whether or not terminated) maintained by the Employer for the current and all prior Limitation Years (including the Annual Additions attributable to the Member's nondeductible employee contributions to all defined benefit plans, whether or not terminated, maintained by the Employer, and the Annual Additions attributable to all welfare benefit funds, as defined in Code Section 419(e), and individual medical accounts, as defined in Code Section 415(l)(2), maintained by the Employer), and the denominator of which is the sum of the maximum aggregate amounts for the current and all prior Limitation Years of service with the Employer (regardless of whether a defined contribution plan was maintained by the Employer). The maximum aggregate amount in any Limitation Year is the lesser of 125 percent of the dollar limitation determined under Code Section 415(b) and (d) in effect under Code Section 415(c)(1)(A) of the Code or 35 percent of the Member's Compensation for such year. If the Member was a member as of the end of the first Limitation Year beginning after December 31, 1986, in one or more defined contribution plans maintained by the Employer which were in existence on May 6, 1986, the numerator of this fraction shall be adjusted if the sum of this fraction and the Defined Benefit Plan Fraction would otherwise exceed 1.0 under the terms of this Plan. Under the adjustment, an amount equal to the product of (1) the excess of the sum of the fractions over 1.0 times (2) the denominator of this fraction, will be permanently subtracted from the numerator of this fraction. The adjustment is calculated using the fractions as they would be computed as of the end of the last Limitation Year beginning before January 1, 1987, and disregarding any changes in the terms and conditions of the plan made after May 5, 1986, but using the Code Section 415 limitations applicable to the first Limitation Year beginning on or after January 1, 1987. The Annual Addition for any Limitation Year beginning before January 1, 1987, shall not be recomputed to treat all employee contributions as Annual Additions.

  • Defined Contribution Dollar Limitation means, for any Limitation Year, $46,000, as adjusted for increases in the cost-of-living under Code section 415(d). If a short Limitation Year is created because of a Plan amendment changing the Limitation Year to a different 12-consecutive month period, the Defined Contribution Dollar Limitation for the short Limitation Year will not exceed the amount determined in the preceding sentence multiplied by a fraction, the numerator of which is the number of months in the short Limitation Year and the denominator of which is 12.

  • Defined Contribution Fraction means a fraction the numerator of which is the sum of the Annual Additions to the Participant's account under all the defined contribution plans (whether or not terminated) maintained by the Employer for the current and all prior Limitation years (including the Annual Additions attributable to the Participant's nondeductible voluntary contributions to this and all the defined benefit plans (whether or not terminated) maintained by the Employer and the Annual Additions attributable to all welfare benefit funds, as defined in section 419(e) of the Code or individual medical accounts, as defined in section 415(1)(2) of the Code, or a simplified employee pension, as defined in section 408(k) of the Code, maintained by the Employer), and the denominator of which is the sum of the Maximum Aggregate Amounts for the current and all prior Limitation Years of Service with the Employer (regardless of whether a defined contribution plan was maintained by the Employer). The Maximum Aggregate Amount in any Limitation Year is the lesser of one hundred twenty-five percent (125%) of the dollar limitation determined under Sections 415(b) and (d) of the Code in effect under section 415(c)(1)(A) of the Code or thirty-five percent (35%) of the Participant's Compensation for such year. If the Employee was a Participant as of the first day of the first Limitation Year beginning after December 31, 1986, in one or more defined contribution plans maintained by the Employer which were in existence on May 6, 1986, the numerator of this fraction will be adjusted if the sum of this fraction and the Defined Benefit Fraction would otherwise exceed one (1.0) times under the terms of this Plan. Under the adjustment, an amount equal to the product of (a) the excess of the sum of the fractions over 1.0 times (b) the denominator of this fraction will be permanently subtracted from the numerator of this fraction. The adjustment is calculated using the fractions as they would be computed as of the end of the last Limitation Year beginning before January 1, 1987, and disregarding any changes in the terms and condition of the Plans made after May 5, 1986, but using the limitation of section 415 of the Code applicable to the first Limitation Year beginning on or after January 1, 1987. The Annual Additions for any Limitation Year beginning before January 1, 1987 shall not be recomputed to treat all Employee contributions as Annual Additions.

  • Equity Contribution Agreement means the Equity Contribution Agreement, to be dated as of the Closing Date, by and among Guarantor, Borrower and Administrative Agent.

  • capital accumulation plan means a tax assisted investment or savings plan, including a defined contribution registered pension plan, a group registered retirement savings plan, a group registered education savings plan, or a deferred profit-sharing plan, that permits a plan member to make investment decisions among two or more investment options offered within the plan, and in Québec and Manitoba, includes a simplified pension plan;

  • Sale and Contribution Agreement means the Sale and Contribution Agreement, dated as of the date hereof, relating to the sale and contribution by Credit Acceptance to the Seller of the Conveyed Property, as defined therein.

  • Qualified Allocation Plan or “QAP” means this Qualified Allocation Plan, which was adopted by Board Action on November 16, 2016 and made effective as of January 1, 2017, and which was approved by the Governor of the State of New Mexico pursuant to Section 42(m)(1)(B) of the Code and sets forth the Project Selection Criteria and the preferences for Projects which will receive Tax Credits.

  • Investment Plan means the document in terms of which the special purpose vehicle will invest in unlisted investments and all matters incidental thereto;

  • 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:

  • Contribution Agreement means that certain Contribution and Conveyance Agreement, dated as of the Closing Date, among the General Partner, the Partnership, the Operating Partnership and certain other parties, together with the additional conveyance documents and instruments contemplated or referenced thereunder, as such may be amended, supplemented or restated from time to time.

  • Contribution Agreements has the meaning set forth in the Recitals.

  • Seller 401(k) Plan has the meaning set forth in Section 6(e) below.

  • Company Contribution Amount means, for any one Plan Year, the amount determined in accordance with Section 3.5.

  • Automatic Investment Plan means a program in which regular periodic purchases (or withdrawals) are made automatically in (or from) investment accounts in accordance with a predetermined schedule and allocation. An Automatic Investment Plan includes a dividend reinvestment plan.

  • Buyer 401(k) Plan has the meaning set forth in Section 6.01(h).

  • Delayed contribution payment means an amount paid by an employee for purchase of current service. The amount shall be determined using the same formula in KRS 61.5525, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's account and considered as accumulated contributions of the individual member. In determining payments under this subsection, the formula found in this subsection shall prevail over the one found in KRS 212.434;

  • Contribution Date has the meaning set forth in Section 4.3 hereof.

  • Distribution Plan means any plan or formula of allocation of the Net Settlement Fund, to be approved by the Court, upon notice to the Class as may be required, whereby the Net Settlement Fund shall in the future be distributed to Authorized Claimants.

  • Parent 401(k) Plan has the meaning set forth in Section 6.6(e).

  • 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.

  • Closing Date Business Plan means the set of Projections of Borrowers for the 3 year period following the Closing Date (on a year by year basis, and for the 1 year period following the Closing Date, on a month by month basis), in form and substance (including as to scope and underlying assumptions) satisfactory to Agent.

  • Cost allocation plan means central service cost allocation plan, public assistance cost allocation plan, and indirect cost rate proposal. Each of these terms are further defined in this section.

  • Restoration Plan means all technical and organisational measures necessary for the restoration of the system back to normal state;

  • Canadian Defined Benefit Plan means any Canadian Pension Plan which contains a “defined benefit provision” as defined in subsection 147.1(1) of the Income Tax Act (Canada).

  • Canadian Defined Benefit Pension Plan means a Canadian Pension Plan that contains or has ever contained a “defined benefit provision” as such term is defined in Section 147.1(1) of the Income Tax Act (Canada).