After-Tax Savings Contributions Clause Samples

After-Tax Savings Contributions. Beginning January 1, 2000, or as soon as practicable thereafter, in lieu of all or part of the contributions an employee may authorize in accordance with Subparagraph 1 of Paragraph IV, an employee may elect in the manner prescribed by the Committee to contribute an equivalent amount to the Plan on an after-tax basis. Such contributions shall be allocated to the employee's After-Tax Savings Account. The Committee may require employees of a participating Company who elect to make After-Tax Savings Contributions to the Plan to contribute by payroll deductions or by such other method as the Committee may designate. If the Committee shall designate a method other than payroll deductions, the Committee shall adopt rules applying, as nearly as practicable, the provisions of this Paragraph IV relating to payroll deductions to such method of making After-Tax Savings Contributions. FORD MOTOR COMPANY TAX-EFFICIENT SAVINGS PLAN FOR HOURLY EMPLOYEES