401(k)/Mutual Fund Contributions Sample Clauses


401(k)/mutual fund contributions. The Company shall match the Employee’s total contributions to his qualified 401(k) plan and to an annuity contract under the Cookson America, Inc. Executive Annuity Plan up to three (3) percent of total annual US Base Salary, UK Base Salary and Incentive Remuneration payable under the UK Employment Agreement, and will match fifty (50) percent of the Employee’s total contributions of up to a further three (3) percent of total annual US Base Salary, UK Base Salary and Incentive Remuneration payable under the UK Employment Agreement. The Company’s contributions will be made, up to the maximum permitted by the Internal Revenue Service, to the Employee’s qualified 401(k) plan, and thereafter to the Rabbi Trust set up by the Company on behalf of the Employee.