The amount of the total salary deferral elections of all Participants made pursuant to [Section 12.2(a)], which amount shall be deemed Elective Deferrals, plus

Amount. The Participating Employer shall credit a Matching Deferral equal to 100% of a Participant’s Basic Deferrals for a Plan Year, provided, however, that # with respect to Basic Deferrals of salary, such Matching Deferrals shall be limited to six percent (6%) of the Participant’s salary that constitutes Excess Earnings for such Plan Year, and # with respect to Basic Deferrals of Performance-Based Compensation, such Matching Deferrals shall be limited to six percent (6%) of the Participant’s Performance-Based Compensation that constitutes Excess Earnings for such Plan Year.

For Federal income tax purposes (and, wherever permitted, for state and local tax purposes), Salary Deferrals shall be deemed to be employer contributions to the Plan, and a Member’s election to commence or continue his membership in the Plan shall constitute an election to have his taxable compensation reduced by the amount of all of his Salary Deferrals.

A Salary Deferral Account, reflecting Salary Deferrals (including Age 50 Catch-Up Deferrals) and Rollover Contributions made by a Member to the Plan and earnings, losses and expenses attributable to such Salary Deferrals (including Age 50 Catch-Up Deferrals) and Rollover Contributions. A Salary Deferral Account may also include amounts transferred from a Prior Profit Sharing Account effective ​, and earnings, losses and expenses attributable to such amounts.

No Salary Deferrals shall be contributed to a Restricted Member’s Salary Deferral Accounts.

Election procedures and deadlines: deferrals of base salary

Salary Deferrals shall mean amounts credited to a Participant’s Account corresponding to Salary reductions elected pursuant to [Section 3.2].

By cessation of Salary Deferrals under the Plan, or

For Plan Years prior to the 2014 Plan Year, the maximum amount of Salary Deferrals that an Eligible Employee may elect for a given Plan Year is equal to (X times Y) minus Z, where:

A Member may elect to suspend all Salary Deferrals at any time, thereby becoming a Restricted Member pursuant to [Section 3.4]. Any such election shall be made in accordance with the Company’s administrative procedures. Any election to resume Salary Deferrals shall become effective as soon as reasonably practicable after it is received.