Automatic Contribution Arrangement definition
Automatic Contribution Arrangement means the Automatic Deferral provisions described by Section 12.2 and, if applicable, Section 12.9.
Automatic Contribution Arrangement means the arrangement set forth in Section 5.05 pursuant to which, in the absence of an Affirmative Election, an Employee, who is eligible to participate in the Plan is treated as having elected to direct the Employer to reduce his or her Compensation in order that the Employer may make Pre-tax Elective Deferrals to the Plan on behalf of the Participant equal to a uniform percentage of Compensation.
Automatic Contribution Arrangement means the Automatic Deferral provisions described by Section 11.2.
Examples of Automatic Contribution Arrangement in a sentence
The Plan is an Automatic Contribution Arrangement (ACA) under Section 3.02(B)(1).
The Plan is an Eligible Automatic Contribution Arrangement (EACA) under Section 3.02(B)(2).
The Plan is a combination EACA and Qualified Automatic Contribution Arrangement (QACA) under Sections 3.02(B)(3) and 3.05(J).
If the Plan has automatic enrollment, the Plan is an (check one): □ Automatic Contribution Arrangement (ACA).
Check this subsection (2) if the Plan is designated as an Automatic Contribution Arrangement, as described under Section 3.03 of the Plan.
More Definitions of Automatic Contribution Arrangement
Automatic Contribution Arrangement means the Automatic Deferral provisions described by Section 4.13.
Automatic Contribution Arrangement. ’ means an arrangement—
Automatic Contribution Arrangement means an arrangement under which a Worker Member is deemed to have agreed to reduce his or her Eligible Pay and the Company or Related Company, as applicable, agrees to contribute to the Trust the amount by which the Worker Member’s Eligible Pay is so reduced as Payroll Deferrals.
Automatic Contribution Arrangement means the automatic enrollment and contribution provisions of Sections 2.1, 2.2 and 4.1 hereof that are intended to constitute a “qualified automatic contribution arrangement” within the meaning of Treasury Regulation
Automatic Contribution Arrangement means any arrangement under which (A) a Participant may elect to have the Employer make payments as Elective Deferrals on his or her behalf, or to receive such payments directly in cash, and (b) an Eligible Participant is treated as having elected to have the Employer make Elective Deferrals to the Plan, in an amount equal to a specified percentage of Compensation until such Eligible Participant executes an Automatic Contribution Overriding Election as defined in the administrative policy regarding Elective Deferrals; such percentage is set forth in either the administrative policy regarding Elective Deferrals or such other Plan documentation as permitted by the Plan or law. An Automatic Contribution Arrangement includes an Eligible Automatic Contribution Arrangement.
Automatic Contribution Arrangement means an arrangement under which, in the absence of an Affirmative Election by an Eligible Employee within the first 31 days immediately following his/her date of eligibility as set forth in Section 2.3, Default Contributions will be withheld from the Eligible Compensation of such an individual as soon as is reasonably practical following the end of the relevant period and contributed to the Plan. Eligible Employees hired or rehired on or after July 1, 2011, are subject to the Automatic Contribution Arrangement. For all purposes hereunder, a Participant who has been enrolled pursuant to the Automatic Contribution Arrangement shall be deemed to have elected to have Contributions withheld.
Automatic Contribution Arrangement means an arrangement under which a Worker Member is deemed to have agreed to reduce his or her Eligible Pay and the Company agrees to contribute to the Trust the amount by which the Worker Member’s Eligible Pay is so reduced as Payroll Deferrals.”