Salary Deferral Contribution definition

Salary Deferral Contribution means any contribution made at the election of the Participant pursuant to a Salary Deferral Agreement in accordance with Section 4.1.

Salary Deferral Contribution means that portion of the Contribution made to the Plan on behalf of a Participant by his Employer through a salary reduction agreement, as described under Sections 2.02 and 3.01.

Salary Deferral Contribution means an Employer contribution made pursuant to Section 4.1.

Examples of Salary Deferral Contribution in a sentence

• Subject to the limitations of this Article, Salary Deferral Contributions made on behalf of a Participant for a Plan Year shall be allocated to his Salary Deferral Contribution Account.

• All sums allocated to each Participant's Salary Deferral Contribution Account shall be fully vested and non-forfeitable.3.4 REVOCATION AND REVISION OF DEFERRAL ELECTIONS.

• For convenience and to facilitate an orderly administration of the Plan, the Trustee shall maintain, or cause to be maintained, a separate Account, including a separate Salary Deferral Contribution Account with respect to each Participant.

• Under and pursuant to applicable Internal Revenue Service rules the Superintendent shall have the option to elect to receive the Additional Salary in cash rather than as a Salary Deferral Contribution.

• Principal and interest payments first shall be credited to the Participant's Salary Deferral Contribution Account, then to his Employer Matching Contribution Account, and then to his Discretionary Employer Matching Contribution Account (any loss caused by nonpayment of such loan shall be borne solely by such Account in the same order of preference as principal and interest payments) to be invested as otherwise provided in the Plan.

More Definitions of Salary Deferral Contribution

Salary Deferral Contribution means any contribution to a Member’s Account made by a Qualified Employer in accordance with the Member’s Salary Deferral Agreement.

Salary Deferral Contribution means the amount contributed to the Plan in accordance with Section 3.1.

Salary Deferral Contribution means a contribution made by the Employer to a Participant's Salary Deferral Account on behalf of the Participant for such Plan Year in an amount equal to the total amount by which the Participant's Compensation from the Employer was reduced during the Plan Year pursuant to the Salary Deferral Agreement. The dollar limitation of Code Section 402(g), as adjusted, shall apply in the aggregate to Elective Contributions under this Plan and elective contributions on behalf of the Participant for the same taxable year under all cash and deferred arrangements described in Code Sections 402(h)(1)(B), 457, 501(c)(18) and 403(b) covering such Participant, regardless of employer.

Salary Deferral Contribution means a contribution made by a Participating Employer to a Participant’s Salary Deferral Account on behalf of the Participant for such Plan Year in an amount equal to the total amount by which the Participant’s Compensation from a Participating Employer was reduced during the Plan Year pursuant to the Salary Deferral Agreement. Employees whose work is covered by a collective bargaining agreement and with respect to whom retirement benefits have been the subject of good faith bargaining are ineligible for this contribution, unless such agreement provides for such contribution or provides that Employees whose work is covered by that agreement will participate in the Plan to the same extent as Employees not covered by that or any other collective bargaining agreement. The dollar limitation of Code Section 402(g), as adjusted, shall apply in the aggregate to Elective Contributions under this Plan and elective contributions on behalf of the Participant for the same taxable year under all cash and deferred arrangements described in Code Section 402(h)(1)(B), 457, 501(c)(18) and 403(b) covering such Participant, regardless of employer, except to the extent permitted for Catch-Up Contributions under Section 3.1(e) of the Plan.

Salary Deferral Contribution means the contribution paid by the Employer to the Trust, at the election of the Participant, in lieu of cash Compensation, which is credited to the Salary Deferral Account.

Salary Deferral Contribution means the contribution, if any, made to the Plan by the Employer pursuant to Paragraph B of Article III.

Salary Deferral Contribution means a contribution made by a Participating Company on the Participant's behalf pursuant to Section 5.1.