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Savings Contribution definition

Savings Contribution means an amount contributed to the Plan on behalf of a Participant through salary reduction pursuant to Section 5(b) and credited to a Participant’s Savings Contribution Account;(ii) “Matching Contribution” shall mean an amount contributed to the Plan by a Participating Employer pursuant to Section 6(a) and credited to a Participant’s Matching Contribution Account; and(iii) “Discretionary Contribution” shall mean an amount contributed to the Plan by a Participating Employer pursuant to Section 6(b) and credited to a Participant’s Discretionary Contribution Account.
Savings Contribution means a contribution to this Plan on -------------------- behalf of a Participant by an Employer pursuant to paragraph (a) of Article VI.
Savings Contribution means a Participant’s voluntary, after-tax contributions made to his Savings Contribution Account.

Examples of Savings Contribution in a sentence

  • Participants, except for terminated participants, may also make in-service withdrawals from their Pre-Tax Savings Contribution Account in the event of a demonstrated severe financial hardship as defined by the IRS Safe Harbor rules.

  • Such election shall initially be effective beginning with the pay period following the acceptance of the Employee Savings Contribution agreement by the Administrator, shall not have retroactive effect and shall remain in force until revoked.

  • In addition, a participant in the Savings Plan who becomes a Participant during the Plan Year may elect, within thirty (30) days after the date he or she became a Participant, to make a Nonqualified Savings Contribution with respect to the remaining portion of the Plan Year by use of a Participant Enrollment Form.

  • Ideas @75 by Indian Council of Social Science Research (ICSSR) S.

  • Once made, a Nonqualified Savings Contribution payroll deduction election shall continue in force indefinitely, until changed by the Participant on a subsequent Participant Enrollment and Election Form.


More Definitions of Savings Contribution

Savings Contribution means a Participant's voluntary, after-tax contributions made to the Plan or to a Merged Plan before December 31, 1996.
Savings Contribution means an after-tax payment, in whole percentages from one percent through 10 percent of an eligible Member’s Base Pay, transferred by the Company to the Trustee.
Savings Contribution means an Employer contribution to the Plan in an amount equal to the reduction in the Participant's Compensation pursuant to the Participant's election under the Plan.
Savings Contribution means a participant's after-tax contributions to the Company's 401(k) and Savings Plan.
Savings Contribution means an Employer contribution made to the Trust Fund pursuant to Section 4.3.
Savings Contribution means an amount contributed to the Plan on behalf of a Participant through salary reduction pursuant to Section 5(b) and credited to a Participant’s Savings Contribution Account;
Savings Contribution means the amount of Tax Saver Deferral and Standard Saver Contribution by or on behalf of a Participant, not in excess of sixteen percent (16%) of his Compensation.