Xxxx Elective Deferrals means a Participant’s Elective Deferrals that are includible in the Participant’s gross income at the time deferred and which have been irrevocably designated as Xxxx Elective Deferrals by the Participant in his or her deferral election. A Participant’s Xxxx Elective Deferrals will be separately accounted for, as will gains and losses attributable to those Xxxx Elective Deferrals, in a Xxxx Elective Deferral Subaccount; provided, however, that no contributions (including forfeitures) other than Xxxx Elective Deferrals may be allocated to such Xxxx Elective Deferral Subaccount. The Administration Committee shall also maintain a record of a Participant’s investment in the contract (i.e., designated Xxxx Elective Deferrals that have not been distributed).
Xxxx Elective Deferrals. A Participant’s Elective Deferrals that are includible in the Participant’s gross income at the time deferred and have been irrevocably designated as Xxxx Elective Deferrals by the Participant in his or her deferral election. A Participant’s Xxxx Elective Deferrals will be maintained in a separate account or separately accounted for, and contain only the participant’s Xxxx Elective Deferrals and gains and losses attributable to those Xxxx Elective Deferrals.
Xxxx Elective Deferrals means a Participant's Salary Reduction Contributions that are includible in the Participant's gross income at the time deferred and have been irrevocably designated as Xxxx Elective Deferrals by the Participant in his or her Salary Reduction Agreement. A Participant's Xxxx Elective Deferrals will be separately accounted for, as will gains and losses attributable to those Xxxx Elective Deferrals. However, forfeitures may not be allocated to such account. The Plan must also maintain a record of a Participant's investment in the contract (i.e., designated Xxxx contributions that have not been distributed) and the year in which the Participant first made a Xxxx Elective Deferral.
Examples of Xxxx Elective Deferrals in a sentence
Separate accounting of the Xxxx Elective Deferrals and the gains and losses thereon shall satisfy the separate account rule.
No contributions other than Xxxx Elective Deferrals, In-Plan Xxxx Rollovers and properly attributable earnings will be credited to each Participant’s Xxxx Elective Deferral Account, and gains, losses and other credits or charges will be allocated on a reasonable and consistent basis to such account.
For years beginning after 2005, the term “elective Deferrals” includes Pre-tax Elective Deferrals and Xxxx Elective Deferrals.
More Definitions of Xxxx Elective Deferrals
Xxxx Elective Deferrals. A Participant’s Elective Deferrals that are includible in the Participant’s gross income at the time deferred and have been irrevocably designated as Xxxx Elective Deferrals by the Participant in his or her deferral election. A Participant’s Xxxx Elective Deferrals will be maintained in a separate account or separately accounted for, and contain only the participant’s Xxxx Elective Deferrals and gains and losses attributable to those Xxxx Elective Deferrals. ARTICLE XV PROVISIONS FOR TRADITIONAL CASH OR DEFERRED ARRANGEMENTS
Xxxx Elective Deferrals means a Participant's Elective Deferrals that are includible in the Participant's gross income at the time deferred and have been irrevocably designated as Xxxx Elective Deferrals at the time of the deferral. Xxxx Elective Deferrals shall be subject to the requirements of Sections 12.2(d) and 12.2(e) and shall, except as otherwise provided herein, be required to satisfy the nondiscrimination requirements of Regulation §1.401(k)-1(b), the provisions of which are incorporated herein by reference. A Participant's Xxxx Elective Deferrals will be maintained in a separate account containing only the Participant's Xxxx Elective Deferrals and gains and losses attributable to those Xxxx Elective Deferrals. In addition, the Administrator shall, to the extent necessary for proper reporting, separately account for any "in-Plan Xxxx rollover contributions" (as defined in Section 12.11) that are transferred to a Participant's Xxxx Elective Deferral Account. The portion of a Participant's Account attributable to "in-Plan Xxxx rollover contributions" is not subject to the distribution restrictions of Section 12.2(e).
Xxxx Elective Deferrals means a Participant’s Xxxx Elective Deferrals, made pursuant to a salary reduction election, designating such deferrals as Xxxx Elective Deferrals includable in the Participant’s income at the time the Participant would have received that amount in cash if the Participant had not made a salary reduction election. Xxxx contributions are not considered employee contributions for nay purpose under the plan. Pre-Tax Elective Deferrals and Xxxx Elective Deferrals are designated irrevocably by the Participant at the time of the salary reduction election as either a Pre-Tax Elective Deferral or Xxxx Elective Deferral. Pre-Tax Elective Deferrals and Xxxx Elective Deferrals are each subject to a separate accounting that shall be maintained with respect to that portion of the Participant’s Elective Account attributable to such Pre-Tax Elective Deferrals or Xxxx Elective Deferrals pursuant to Section 4.2 (including a separate accounting for Catch-Up Contributions) and any gains or losses attributed to each and any Employer Qualified Non-Elective Contributions.
Xxxx Elective Deferrals. “Xxxx Elective Deferrals” means a Participant’s Elective Deferrals that are includible in the Participant’s gross income at the time deferred and have been irrevocably designated as Xxxx Elective Deferrals by the Participant in his or her deferral election. A Participant’s Xxxx Elective Deferrals will be separately accounted for, as will gains and losses attributable to those Xxxx Elective Deferrals. However, forfeitures may not be allocated to such account. The Plan must also maintain a record of a Participant’s investment in the contract (i.e., designated Xxxx contributions that have not been distributed).