Salary Deferral Election definition

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

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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 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.”

Examples of Salary Deferral Election in a sentence

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.
Upon becoming eligible to make Salary Deferrals under the Plan (pursuant to AA §3), a Participant will be deemed to have entered into a Salary Deferral Election for each payroll period, unless the Participant completes a Salary Deferral Election (subject to the limitations under AA §6A-2 and AA §6A-3) in accordance with procedures adopted by the Plan Administrator.
The automatic deferral provisions apply to all eligible Participants who do not enter into a Salary Deferral Election (including an election not to defer) and who: 🞎 (A) become Participants on or after the effective date of the automatic deferral provisions.
The Executive may annually file a Base Salary Deferral Election Form with the Plan Administrator no later than the end of the Plan Year preceding the Plan Year in which services leading to such Base Salary will be performed.
Upon becoming eligible to make Salary Deferrals under the Plan (pursuant to AA §3 and AA §4), a Participant will be deemed to have entered into a Salary Deferral Election equal to the percentage identified in this subsection (b) for each payroll period, unless the Participant completes a contrary Salary Deferral Election (subject to the limitations under AA §6A-2 and AA §6A-3) in accordance with procedures adopted by the Plan Administrator.

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 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 election to defer compensation under an agreement described in Paragraph 3.2.

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 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.