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

• An Eligible Employee may make an Excess Bonus Deferral Contribution election whether or not such employee previously has made, or currently has in effect, any Excess Salary Reduction Contribution election.

• 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.

• Each Employee who becomes eligible to participate in the Plan on and after January 1, 2009 and is eligible to make a Salary Reduction Contribution.

• Each Employee who became eligible to participate in the Plan prior to January 1, 2009 and who is eligible to participate in the Plan on January 1, 2009, except any such Participant who had in effect a Salary Reduction Agreement on such date (regardless of the amount of the Salary Reduction Contribution affirmatively elected under the agreement).

• Any such Salary Reduction Contribution shall be credited to the Participant’s 401(k) Account or Roth Elective Deferral account, whichever is applicable.

More Definitions of Salary Reduction Contribution

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 means Before Tax Contributions and Roth 401(k) Contributions.

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.