Salary Deferral Election definition

Salary Deferral Election means an election by a Participant to defer the receipt of Compensation pursuant to a Salary Deferral Agreement as described in Section 3.03 and adjustments relating thereto, and to have such deferred amount contributed to the Plan by the Employer on behalf of the Participant as a Salary Deferral Contribution.

Salary Deferral Election means an election to defer Salary as provided in Section 3.1.

Salary Deferral Election means a written, electronic or other form of election permitted by the Administrative Committee, pursuant to which a Participant may elect to defer under the Plan a portion of his Base Salary.

Examples of Salary Deferral Election in a sentence

• The effective date may not be a date prior to the date this Salary Deferral Election is completed and signed.

• In order to make Salary Deferrals under the Plan, a Participant must enter into a Salary Deferral Election which authorizes the Employer to withhold a specific dollar amount or a specific percentage from the Participant’s Plan Compensation.

• A Participant may modify or change a Salary Deferral Election to increase or decrease the amount of Salary Deferrals designated as Roth Deferrals, provided such change or modification applies only with respect to Salary Deferrals made after such change or modification.

• Generally, the automatic deferral will commence as of the date the Employee is otherwise eligible to make Salary Deferrals under the Plan, if the Employee had completed a Salary Deferral Election.

• The Participant makes an irrevocable election (at the time the Participant enters into his/her Salary Deferral Election) designating all or a portion of his/her Salary Deferrals as Roth Deferrals.

More Definitions of Salary Deferral Election

Salary Deferral Election means an agreement between a Participant and the Company under which the Participant agrees to defer a portion of his or her Base Salary.

Salary Deferral Election means the Participant’s annual irrevocable written election, made in accordance with Section 3.1 on the form provided by the Plan Administrator, to defer the receipt of a stipulated amount of Salary. Amounts so deferred are called “Deferrals.”

Salary Deferral Election means the Participant's written election, made in accordance with Section 2.4, on the form provided by the Committee, to forgo the receipt of a stipulated amount of Salary. Amounts so foregone are called "Deferrals."

Salary Deferral Election means the written election by an Eligible Employee, pursuant to Section 4, below, to defer the receipt of up to fifty percent (50%) of the regular salary otherwise payable to the Eligible Employee.

Salary Deferral Election means an Eligible Executive’s election to defer all or a portion of his or her Salary under the Plan on the form and in the manner prescribed by the Administrator and required by the terms of the Plan.

Salary Deferral Election means an election made by an Eligible Employee to defer a specified percentage of his Compensation for the Plan Year pursuant to Paragraph B of Article III.

Salary Deferral Election means an election to defer compensation under an agreement described in Paragraph 3.2.