Xxxx Elective Deferrals definition

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 Plan shall also maintain a record of a Participant’s investment in the contract (i.e., designated Xxxx Elective Deferrals that have not been distributed).
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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.
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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, in a Xxxx Elective Deferral account.
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Examples of Xxxx Elective Deferrals in a sentence

  • The term "Elective Deferrals" includes Pre-tax Elective Deferrals and Xxxx Elective Deferrals.

  • Such an ordering rule may specify whether the Pre-Tax Elective Deferrals or Xxxx Elective Deferrals are distributed first, to the extent such type of Elective Deferrals was made for the year.

  • The Plan Administrator will administer Xxxx Elective Deferrals in accordance with applicable regulations or other binding authority.

  • The Plan shall accept a rollover contribution of Xxxx Elective Deferrals only if it is a direct rollover from another Plan which permits Xxxx Elective Deferrals as described in Code §402A(e)(1) and only to the extent the rollover is permitted under the rules of Code §402(c).

  • The Employer may elect in the Adoption Agreement to permit Xxxx Elective Deferrals.

  • However, eligible rollover distributions of a Participant's Xxxx Elective Deferrals are taken into account in determining whether the total amount of the Participant's account balances under the Plan exceed the Plan's limits for purposes of mandatory distributions from the Plan.

  • In addition, any distribution from a Participant's Xxxx Elective Deferrals are not taken into account in determining whether distributions from a Participant's other accounts are reasonably expected to total less than $200 during a year.

  • Unless elected otherwise, Xxxx Elective Deferrals shall be treated in the same manner as Elective Deferrals.

  • A direct rollover of a distribution from Xxxx Elective Deferrals shall only be made to a Plan which includes Xxxx Elective Deferrals as described in Code §402A(e)(1) or to a Xxxx XXX as described in Code §408A, and only to the extent the rollover is permitted under the rules of Code §402(c).


More Definitions of 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 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).
Sample 1
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).
Sample 1
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.
Sample 1
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
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Related to Xxxx Elective Deferrals

  • Elective Deferrals are all Salary Reduction Contributions and that portion of any Cash or Deferred Contribution which the Employer contributes to the Trust at the election of an Eligible Employee. Any portion of a Cash or Deferred Contribution contributed to the Trust because of the Employee's failure to make a cash election is an elective deferral. However, any portion of a Cash or Deferred Contribution over which the Employee does not have a cash election is not an elective deferral. Elective deferrals do not include amounts which have become currently available to the Employee prior to the election nor amounts designated as nondeductible contributions at the time of deferral or contribution.

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

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • Matching Contributions means local cash and/or in-kind contributions made by the Contractor, a subcontractor, or other local resources that qualify as match for the Contract funding.

  • Matching Contribution means Employer contributions made to this Plan or any other defined contribution plan by reason of Thrift Contributions or Elective Deferrals under this Plan.

  • Employer Contributions means all amounts paid into ASRS by an

  • Plan Year means the calendar year.

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Excess Deferrals means, with respect to any taxable year of a Participant, either (a) those elective deferrals within the meaning of Code §§402(g) or 402A that are made during the Participant's taxable year and exceed the dollar limitation under Code §402(g) (including, if applicable, the dollar limitation on Catch-Up Contributions defined in Code §414(v)) for such year; or (b) are made during a calendar year and exceed the dollar limitation under Code §§402(g) and 402A (including, if applicable, the dollar limitation on Catch-Up Contributions defined in Code §414(v)) for the Participant's taxable year beginning in such calendar year, counting only Elective Deferrals made under this Plan and any other plan, contract or arrangement maintained by the Employer.

  • Highly Compensated Employee means an Employee who:

  • Limitation Year means the Plan Year.