Salary Deferral Contribution definition

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.

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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.

Examples of Salary Deferral Contribution in a sentence

Each Employer shall make a Salary Deferral Contribution in an amount equal to the amount by which the Considered Compensation of its Employees who are Participants was reduced on a pre-tax basis pursuant to salary deferral agreements (excluding amounts of Considered Compensation deferred pursuant to Section 3.02 that are properly characterized as Catch-up Salary Deferral Contributions).
The maximum Salary Deferral Contribution that a Participant may elect to have made on his behalf during the Participant's taxable year may not, when added to the amounts deferred under other plans or arrangements described in sections 401(k), 408(k) and 403(b) of the Code, exceed $7,000 (as adjusted by the Secretary of Treasury).
The Committee or its designee shall allocate the Salary Deferral Contribution among the Participants by allocating to each Participant the amount by which his Considered Compensation was reduced pursuant to a salary deferral agreement (as described in Section 3.01) and shall credit each such Participant's share to his Salary Deferral Contribution Account.
The Employer shall make a Catch-up Salary Deferral Contribution in an amount equal to the amounts by which its Catch-up Eligible Participants’ Considered Compensation was reduced as a result of salary deferral agreements authorizing Catch-up Salary Deferral Contributions (to the extent that their deferrals are properly characterized as Catch-up Salary Deferral Contributions).
The Committee shall allocate the Catch-up Salary Deferral Contribution among the Participants by allocating to each Participant the amount by which his Considered Compensation was reduced pursuant to a salary deferral agreement under Section 3.02 and shall credit each such Participant’s share to his Catch-up Salary Deferral Contribution Account.

More Definitions of Salary Deferral Contribution

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 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 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 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 4.1.

Salary Deferral Contribution means a fixed percentage or a dollar amount of a Participant's Compensation which is contributed by the Plan Sponsor or Participating Employer each Plan Year to the Salary Deferral Contribution Account of a Participant under Article III. Each Participant may designate the percentage or amount referred to in the preceding sentence subject to the approval of the Plan Administrator, provided that: