Contribution Pick Clause Samples

Contribution Pick. Up The Employer agrees to pick up contributions to 3 the Ohio Public Employees Retirement System (OPERS) on behalf of those employees 4 eligible for OPERS on the following terms and conditions: 5 A. Current Rate The amount to be picked up on behalf of each employee shall be 6 the most current OPERS approved member contribution rate. The employee’s annual 7 compensation shall be reduced by an amount equal to the amount picked up by the Board. 8 B. Uniform Application The pick-up percentage shall apply uniformly to all employees. 9 C. No Substitution No employee covered by this provision shall have the option to 10 elect a wage increase or other benefit in lieu of the employer pick-up.
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Related to Contribution Pick

  • Contribution Payment To the extent the indemnification provided for under any provision of this Agreement is determined (in the manner hereinabove provided) not to be permitted under applicable law, the Company, in lieu of indemnifying Indemnitee, shall, to the extent permitted by law, contribute to the amount of any and all Indemnifiable Liabilities incurred or paid by Indemnitee for which such indemnification is not permitted. The amount the Company contributes shall be in such proportion as is appropriate to reflect the relative fault of Indemnitee, on the one hand, and of the Company and any and all other parties (including officers and directors of the Company other than Indemnitee) who may be at fault (collectively, including the Company, the "Third Parties"), on the other hand.

  • Defined Contribution Plan A plan under which Employee accounts are maintained for each Participant to which all contributions, forfeitures, investment income and gains or losses, and expenses are credited or deducted. A Participant’s benefit under such plan is based solely on the fair market value of his or her account balance.

  • City Contribution The City agrees to maintain health and dental benefits at present levels for the life of the Agreement.

  • Campaign Contributions The CONTRACTOR is hereby notified of the applicability of 11-355, HRS, which states that campaign contributions are prohibited from specified state or county government contractors during the terms of their contracts if the contractors are paid with funds appropriated by a legislative body.

  • Defined Contribution Plans The Company does not maintain, contribute to or have any liability under (or with respect to) any employee plan which is a tax-qualified "defined contribution plan" (as defined in Section 3(34) of ERISA), whether or not terminated.