457 PLAN- MATCHING FUNDS Sample Clauses

457 PLAN- MATCHING FUNDS. Effective June 27, 2010, The City will match employee contributions to the City’ 457 Deferred Compensation Plan up to $50.00/month.
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457 PLAN- MATCHING FUNDS. Effective June 27, 2010 the beginning of the pay period immediately following Council approval of this contract, Tthe City will match employee contributions to the City’ 457 Deferred Compensation Plan up to $50.0075.00/month.
Sample 1
457 PLAN- MATCHING FUNDS. For Classic members as identified by CalPERS, the City will continue to match employee contributions to the City 457 Deferred Compensation Plan up to $30 per pay period. Effective the beginning of the pay period following Council adoption (06/28/2020), for new members as identified by CalPERS (i.e. employees other than Classic members), the City will match 100%of the employee contributions to the City 457 Deferred Compensation Plan up to 2% of the employee’s base pay per pay period: Base pay rate excludes items such as, but not limited to, working out-of-class pay, and other special/differential pay.
Sample 1
457 PLAN- MATCHING FUNDS. ‌ The City will match employee contributions to the City’ 457 Deferred Compensation Plan up to $75.00/month for employees identified by the Public Employee Retirement System (PERS) as Classic Members. Effective the beginning of the pay period following Council adoption, the City will match employee contributions to the City’s 457 Deferred Compensation Plan up to 1.53% of base salary for employees identified by PERS as New Members as defined in Government Code §7522.04(f); the match replaces the current 457 match from the City of up to $75/month for New Members. Classic Members will continue to receive the current 457 match from the City of up to $75/month.
Sample 1
457 PLAN- MATCHING FUNDS. Effective the beginning of the pay period following June 5, 2012, the City will match employee contributions to the City 457 Deferred Compensation Plan up to $10 per pay period. Effective the pay period containing July 1, 2012, the City will match employee contributions to the City 457 Deferred Compensation Plan up to $20 per pay period. Effective the pay period containing July 1, 2013, the City will match employee contributions to the City 457 Deferred Compensation Plan up to $30 per pay period.
Sample 1

Related to 457 PLAN- MATCHING FUNDS

  • Matching Funds The Recipient shall, at a minimum, contribute not less than twenty-five percent (25%) of the total Cost of Project as set forth in Appendix D of this Agreement. The Matching Funds shall be for the sole and express purpose of paying or reimbursing the costs certified to the OPWC under this Agreement. In the event that the total actual Project costs exceed the estimated Cost of Project identified in Appendix D, the OPWC shall not be required to increase the maximum amount of the grant provided herein and the Recipient shall increase its Matching Funds to meet such actual Cost of Project.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law.

  • Plan Year The year for the purposes of the plan shall be from September 1 of one year, to August 31, of the following year, or such other years as the parties may agree to.

  • Elective Deferrals An Employee will be eligible to become a Contributing Participant in the Plan (and thus be eligible to make Elective Deferrals) and receive Matching Contributions (including Qualified Matching Contributions, if applicable) after completing 1 (enter 0, 1 or any fraction less than 1) Years of Eligibility Service.

  • Employer Contributions 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement.

  • Full Employer Contribution - Basic Eligibility Employees covered by this Agreement who are scheduled to work at least seventy-five (75) percent of the time are eligible for the full Employer Contribution. This means:

  • Amount of Employer Contribution The Employer Contribution amounts and rules in effect on June 30, 2017 will continue through December 31, 2017.

  • Deferrals If permitted by the Company, the Participant may elect, subject to the terms and conditions of the Plan and any other applicable written plan or procedure adopted by the Company from time to time for purposes of such election, to defer the distribution of all or any portion of the shares of Common Stock that would otherwise be distributed to the Participant hereunder (the “Deferred Shares”), consistent with the requirements of Section 409A of the Code. Upon the vesting of RSUs that have been so deferred, the applicable number of Deferred Shares shall be credited to a bookkeeping account established on the Participant’s behalf (the “Account”). Subject to Section 5 hereof, the number of shares of Common Stock equal to the number of Deferred Shares credited to the Participant’s Account shall be distributed to the Participant in accordance with the terms and conditions of the Plan and the other applicable written plans or procedures of the Company, consistent with the requirements of Section 409A of the Code.

  • Rollovers of Xxxx Elective Deferrals Xxxx elective deferrals distributed from a 401(k) cash or deferred arrangement, 403(b) tax-sheltered annuity, 457(b) eligible governmental deferred compensation plan, or federal Thrift Savings Plan, may only be rolled into your Xxxx XXX.

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