Company Matching Contributions and Employee Elective Contributions Sample Clauses

Company Matching Contributions and Employee Elective Contributions. The Company matching contribution shall be equal to 75% of the first 8% of the employee base pay contribution for employees hired or rehired prior to March 22, 2013.
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Company Matching Contributions and Employee Elective Contributions. The 23 Company matching contribution shall be equal to 75% of the first 8% of the employee base pay 24 contribution for employees. 25
Sample 1
Company Matching Contributions and Employee Elective Contributions. The 34 Company matching contribution shall be equal to 75% of the first 8% of the employee base pay 35 contribution for employees hired or rehired prior to March 22, 2013. 36 Section 15.6 Changes to the Current Plan. Subject to the approvals specified in 15.2, all provisions of 38 the Plan applicable to employees covered by this Agreement are to remain unchanged with the exception 39 of the following amendments, and subject to Section 15.10 below, effective January 1, 2019, unless 40 otherwise stated. 41 42 15.6(a) Effective July 1, 2016, employees may contribute up to 30% of base pay on a pre-tax basis, 43 an after tax basis (including Xxxx contributions), or a combination of both, in 1% (one percent) 44 increments. 45 15.6(b) Effective July 1, 2016, employees will have the ability to select a Xxxx contribution option, 47 which is a second after-tax contribution feature. The Xxxx contribution feature will also be available 48 for any catch-up contributions and any Employee Incentive Plan payments contributed to the Plan. 49 No Company matching contributions will be made with respect to catch-up contributions classified 50 as Xxxx contributions and Employee Incentive Plan payments contributed as Xxxx contributions. 51 Xxxx contributions (and associated investment earnings) are not available for loans; however, Xxxx 52 contributions (and associated investment earnings) are included in determining the maximum amount 53 available for a loan. The Xxxx contribution feature includes an in-plan Xxxx conversion feature. 54 55 Xxxx contributions will be available pursuant to procedures established by the Plan Administrator 56 1 or its delegate or agent, and will be subject to all provisions of the VIP, the Internal Revenue 2 Code, applicable securities laws and other applicable laws and regulations. The Company reserves 3 the right to unilaterally alter, amend, and/or modify any or all terms of the VIP with respect to 4 Xxxx Contributions at its sole discretion without further discussion with the Union. All terms and 5 conditions of the Xxxx contributions, as may be so amended or modified will apply to employees 6 covered by this Agreement. Notwithstanding the foregoing, the Company will not discontinue the 7 Xxxx contribution options or change the percent or form of current employer matching contribution 8 to Xxxx contributions during the term of this Agreement, without bargaining with the Union.
Sample 1

Related to Company Matching Contributions and Employee Elective Contributions

  • 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.

  • 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.

  • Company Contributions (a) For employees hired, rehired or who become covered under the CWA 3176 Agreement through any means before January 1, 2016, the Company shall contribute a Company Matching Contribution equal to 25 percent of the Participant’s Contribution up to a maximum of 6 percent of eligible wage.

  • 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.

  • Rollover Contributions A rollover is a tax-free distribution of cash or other assets from one retirement program to another. There are two kinds of rollover contributions to an IRA. Xx one, you contribute amounts distributed to you from one IRA xx another IRA. Xxth the other, you contribute amounts distributed to you from your employer's qualified plan or 403(b) plan to an IRA. X rollover is an allowable IRA xxxtribution which is not subject to the limits on regular contributions discussed in Part D above. However, you may not deduct a rollover contribution to your IRA xx your tax return. If you receive a distribution from the qualified plan of your employer or former employer, the distribution must be an "eligible rollover distribution" in order for you to be able to roll all or part of the distribution over to your IRA. Xxe portion you contribute to your IRA xxxl not be taxable to you until you withdraw it from the IRA. Xxur employer or former employer will give you the opportunity to roll over the distribution directly from the plan to the IRA. Xx you elect, instead, to receive the distribution, you must deposit it into the IRA xxxhin 60 days after you receive it. An "eligible rollover distribution" is any distribution from a qualified plan that would be taxable other than (1) a distribution that is one of a series of periodic payments for an employee's life or over a period of 10 years or more, (2) a required distribution after you attain age 70 1/2 and (3) certain corrective distributions. If the entire amount in your IRA xxx been contributed in a tax-free rollover from your employer's or former employer's qualified plan or 403(b) plan, you may later roll over the IRA xx a new employer's plan if such plan permits rollovers. Your IRA xxxld then serve as a conduit for those assets. However, you may later roll those IRA xxxds into a new employer's plan only if you make no further contributions to that IRA, xx commingle the IRA xxxlover funds with existing IRA xxxets.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Eligibility for Employer Contribution This section describes eligibility for an Employer Contribution toward the cost of coverage.

  • Voluntary Employee Contributions (i) Subject to the governing rules of the relevant superannuation fund, an employee may, in writing, authorise their employer to pay on behalf of the employee a specified amount from the post- taxation wages of the employee into the same superannuation fund as the employer makes the superannuation contributions provided for in Clause 24(b).

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

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