Voluntary Reduction definition

Voluntary Reduction shall have the meaning assigned to such term in Section 3.01(c)(iv).
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Voluntary Reduction shall have the meaning set forth in Section 2.01(c).
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Voluntary Reduction has the meaning assigned to such term in Section 2.09(f).
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Examples of Voluntary Reduction in a sentence

  • Under an agreement with the Trust relating to the Voluntary Reduction, the Funds have agreed to reimburse the Adviser for the full dollar amount of any Voluntary Reduction beginning on August 1, 2012, subject to certain limitations.

  • A Participant shall have a vested and nonforfeitable interest in his Employer Salary Reduction Account, Employer Voluntary Reduction Account, and ESOP Account after he has completed at least five Years of Service.

  • The Borrower shall make mandatory payments of principal (together with accrued interest thereon) to the Agent to the extent by which Revolving Facility Usage exceeds at any time the Commitments (as they may be reduced pursuant to Section 2.1. [Voluntary Reduction of Commitment], Section 2.10.2 [Approval by 80% Lenders] or otherwise) within three (3) Business Days after such excess is calculated.

  • Fees; Commitments 3.01 Fees 3.02 Voluntary Reduction of Commitments 3.03 Mandatory Adjustments of Commitments, etc.

  • Borrower may from time to time by written notice delivered to the Agent at least 1 Business Day prior to the date of the requested reduction, reduce by integral multiples of $500,000, any unborrowed portion of the aggregate U.S. Credit Commitment (a "Voluntary Reduction").

  • Voluntary Reduction of Elective Deferral to Zero -- Any Participant may elect to reduce the level of the Participant's Elective Deferral to zero as of the beginning of any pay period.

  • LOANS AND LETTERS OF CREDIT 25 2.1 Loans-General 25 2.2 Base Rate Loans 26 2.3 LIBOR Loans 26 2.4 Letters of Credit 27 2.5 Mandatory Reductions of the Term Commitment 29 2.6 Voluntary Reduction of the Revolving Commitment 29 2.7 Optional Increases to the Commitments 30 2.8 Administrative Agent’s Right to Assume Funds Available for Advances 31 2.9 Collateral 32 ARTICLE 3.

  • The Issuer will not undertake a Voluntary Reduction of Capital without the prior consent of the Holders of Notes.

  • Fees and Commitment Reductions 115 4.1 Fees 115 4.2 Voluntary Reduction of Revolving Credit Commitments 116 4.3 Mandatory Termination of Commitments 117 Section 5.

  • Voluntary Reduction of Elective Deferral to Zero --Notwithstanding the notice requirements specified in Section 3.5, any Participant may elect to reduce the level of the Participant's Elective Deferral to zero as of the beginning of any pay period.


More Definitions of Voluntary Reduction

Voluntary Reduction has the meaning given in Section 2.3.1.
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Related to Voluntary Reduction

  • Salary Reduction means the amount by which the Participant's Compensation is reduced and applied by the Employer under this Plan to pay for one or more of the Benefits, as permitted for the applicable Component, before any applicable state and/or federal taxes have been deducted from the Participant's Compensation (i.e., on a pre-tax basis).

  • Voluntary Resignation means any Termination by Employee for any reason other than a Constructive Termination.

  • Voluntary Contribution Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan resulting from the Participant's nondeductible voluntary contributions made pursuant to Section 4.12.

  • Voluntary Withdrawal means a Member’s dissociation with the Company by means other than by a Transfer or an Involuntary Withdrawal.

  • Salary Reduction Agreement means an agreement between a dis- trict and an employee to reduce the employee’s salary for the pur- pose of making direct contributions to or purchases of a qualified investment product. Art. 6228a-5, Sec. 4(5), Tex. Rev. Civ. Stat.

  • Aggregate Reduction has the meaning specified in Section 1.3.

  • Voluntary Contributions means voluntary amounts contributed by a member or participating member into a health reimbursement account. However, to the extent required by applicable law, voluntary amounts shall not be contributed through a salary reduction election under a cafeteria plan pursuant to section 125 of the internal revenue code, 26 USC 125.

  • Voluntary Termination means termination by the Employee of the Employee's employment with the Company, excluding termination by reason of Employee's death or disability as described in Sections 2.5 and 2.6.

  • Voluntary Termination for Good Reason means that the Executive voluntarily terminates his employment after any of the following are undertaken without Executive’s express written consent:

  • Proposed Reduction Date has the meaning set forth in Section 1.3.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Nonelective Contribution means an amount contributed by a participating

  • Involuntary Termination Without Cause means Executive’s dismissal or discharge other than for Cause. The termination of Executive’s employment as a result of Executive’s death or disability will not be deemed to be an Involuntary Termination Without Cause.

  • Elective Contribution means the Employer contributions to the Plan of Deferred Compensation excluding any such amounts distributed as excess “annual additions” pursuant to Section 4.11(a). In addition, any Employer Qualified Non-Elective Contribution made pursuant to Section 4.7(b) which is used to satisfy the “Actual Deferral Percentage” tests shall be considered an Elective Contribution for purposes of the Plan. Any contributions deemed to be Elective Contributions (whether or not used to satisfy the “Actual Deferral Percentage” tests or the “Actual Contribution Percentage” tests) shall be subject to the requirements of Sections 4.2(b) and 4.2(c) and shall further be required to satisfy the nondiscrimination requirements of Regulation 1.401(k)-1(b)(5) and Regulation 1.401(m)-1(b)(5), the provisions of which are specifically incorporated herein by reference.

  • Non-Elective Contribution means the Employer contributions to the Plan excluding, however, contributions made pursuant to the Participant's deferral election provided for in Section 4.2 and any Qualified Non-Elective Contribution used in the "Actual Deferral Percentage" tests.

  • Elective Deferral means the portion of Compensation which is deferred by a Participant under Section 4.1.

  • Resignation for Good Reason means Executive’s resignation from all employee positions Executive then holds with the Company within sixty (60) days following any of the following events taken without Executive’s consent, provided Executive has given the Company written notice of such event within thirty (30) days after the first occurrence of such event and the Company has not cured such event within thirty (30) days thereafter:

  • Involuntary Withdrawal means, with respect to any Member, the occurrence of any of the following events:

  • Qualified Nonelective Contribution (QNEC) means the Employer's contributions to the Plan that are made pursuant to Sections 12.1(a)(4), 12.5 and 12.7 or pursuant to any other Plan provision which provides for such contributions.

  • Qualified Non-Elective Contribution means any Employer contributions made pursuant to Section 4.1(c) and Section 4.6(b) and Section 4.8(f). Such contributions shall be considered an Elective Contribution for the purposes of the Plan and may be used to satisfy the "Actual Deferral Percentage" tests or the "Actual Contribution Percentage" tests.

  • Constructive Termination Without Cause means the termination of the Executive’s employment at his initiative after, without the Executive’s prior written consent, one or more of the following events:

  • Termination for Good Reason means a Termination of Employment by Executive for a Good Reason.