Salary Reduction Contribution definition

Salary Reduction Contribution means a contribution the Employer makes to the Plan pursuant to a Participant's Salary Reduction Agreement.

Salary Reduction Contribution means a contribution the Employer makes to the Plan pursuant to a Participation Agreement.

Salary Reduction Contribution means the Pre-tax Elective Deferrals and or Roth Elective Deferrals made by the Employer to the Trust on behalf of an Eligible Employee pursuant to a Salary Reduction Agreement and in accordance with Section 5.04 and or an Automatic Contribution made by the Employer on behalf of an Eligible Participant pursuant to the Automatic Contribution Arrangement provisions of Section 5.05.

Examples of Salary Reduction Contribution in a sentence

• All Participants, except those who have in effect a Salary Reduction Agreement on the effective date of the EACA regardless of the Salary Reduction Contribution amount under the Agreement.

• Participants may change (including, suspend) their existing Excess Salary Reduction Contribution election under this Plan during the Plan Year by filing a new election in accordance with the prescribed administrative guidelines.

• In addition, if any Participant Salary Reduction Contribution is due to a mistake of fact, the Employer or the Trustee upon written request from the Employer shall return the Participant's contribution (adjusted for net income, gain or loss), within one year after payment of the contribution.

• Each other Eligible Employee, Re-Employed Employee or Re-Employed Previously Eligible Employee who is not a participant in another account balance elective plan of the Employer within the meaning of Code section 409A and regulations thereunder may make an initial Deferral Agreement to make a Salary Reduction Contribution within thirty (30) days after the date the Eligible Employee first becomes eligible to participate in the Plan.

• In all other cases, the initial Deferral Agreement to make a Salary Reduction Contribution must be made no later than the last day of the Election Period preceding the Taxable Year in which Compensation subject to the Salary Reduction Contribution is earned.

More Definitions of Salary Reduction Contribution

Salary Reduction Contribution means Before Tax Contributions and Roth 401(k) Contributions.

Salary Reduction Contribution means an amount of Compensation a Participant elects to defer under his or her Deferral Agreement which shall be deducted from the Participant’s Compensation without reduction for any taxes or withholding (except to the extent required by law or under Code section 409A and regulations thereunder.)

Salary Reduction Contribution. The amount contributed by the Employer to the Account in accordance with a Salary Reduction Agreement.

Salary Reduction Contribution means contribution made to the Trust pursuant to Section 4.3 of the Plan.

Salary Reduction Contribution means a pre-tax contribution made by the Employer on behalf of an Eligible Employee pursuant to a Salary Reduction Agreement and or an Automatic Contribution made by the Employer on behalf of an Eligible Participant pursuant to the Automatic Contribution Arrangement provisions of Section 5.05 of the Plan.

Salary Reduction Contribution means the amount by which the Participant elects to reduce his Compensation which is then contributed to the Trust by the Employer.

Salary Reduction Contribution means all employer contributions that are excludable from gross income under the Internal Revenue Code.