Supplemental Deferral definition
Examples of Supplemental Deferral in a sentence
The Plan Sponsor shall credit to the Matching Contribution Account of each Participant a Matching Contribution equal to the amount of matching contribution that would have been made under the formula then in effect under the Qualified Plan, had the Participant’s 401(k) Supplemental Deferral been contributed to the Qualified Plan, but without consideration of any limitations imposed by the actual contribution percentage limitation under Code Section 401(m).
Supplemental Deferrals may be so designated as to vesting either by completion of a schedule attached hereto or by so designating the vesting schedule of the Supplemental Deferral on the accounting books and records of the Employer.
Each Supplemental Deferral shall be designated at the time of contribution as either: (1) a 401(k,) Equivalent Vesting Contribution, or alternatively, (2) a 10 Year Vesting Contribution, and such Supplemental Deferrals and related Additions shall be subject to the corresponding vesting schedule, based on such initial designation which shall be at the sole discretion of the Employer.
Distribution of Employee’s Retention Bonus Supplemental Deferral will begin on the earliest of Employee’s Separation from Service (as defined in ESP II), death or Disability (as defined in ESP II).
This Supplemental Deferral shall be referred to as Employee’s “Retention Bonus Supplemental Deferral.” Employee hereby elects to have his Retention Bonus Supplemental Deferral paid in the form of annual installments over five (5) years in accordance with the terms of the ESP II.
Executive Savings Plan II (the “ESP II”) as a Supplemental Deferral.
In addition, the Executive shall be entitled to receive all accrued and unpaid compensation hereunder including the Supplemental Deferral as set out at Section 3(d) through the date of termination.
Supplemental Deferral Plan, upon and subject to the following terms and conditions.