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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 an agreement between a Participant and the Company under which the Participant agrees to defer a portion of his or her 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.

  • 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.

  • An Eligible Employee may elect to defer Salary under the Plan by submitting a Salary Deferral Election to the Administrator specifying the whole percentage of Salary to be deferred prior to the beginning of the Plan Year during which the Eligible Employee performs the services for which such Salary is to be earned.

  • Current Participants who have made a Salary Deferral Election that is less than the automatic deferral amount or who have not made a Salary Deferral Election will automatically be increased to the automatic deferral amount unless the Participant enters into a new Salary Deferral election on or after the effective date of the automatic deferral provisions.

  • A Salary Deferral Election may only relate to Plan Compensation that is not currently available at the time the Salary Deferral Election is completed.


More Definitions of Salary Deferral Election

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.
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 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 made by an Eligible Employee, pursuant to Section 2.2 to defer a specified percentage of the Eligible Employee's Compensation for the Plan Year.
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 to defer compensation under an agreement described in Paragraph 3.2.