Common use of Deferred Compensation Incentive Clause in Contracts

Deferred Compensation Incentive. A. The County shall contribute sixty dollars ($60) per month to employees who participate in the County’s Deferred Compensation Plan. To be eligible for this incentive, employees must contribute to the deferred compensation plan as indicated: Monthly Contribution Employees with Qualifying Base Required to Maintain Current Contribution Incentive Program Monthly Salary of: Amount Eligibility $2,500 and below $250 $50 2,501 - 3,334 500 50 3,335 - 4,167 750 50 4,168 - 5,000 1,000 50 5,001 - 5,834 1,500 100 5,835 - 6,667 2,000 100 6,668 & above 2,500 100 Employees who discontinue contributions or who contribute less than the required amount per month for a period of one (1) month or more will no longer be eligible for the sixty dollar ($60) County supplement. To reestablish eligibility, employees must again make a Base Contribution Amount as set forth above based on current monthly salary. Employees with a break in deferred compensation contributions either because of an approved medical leave or an approved financial hardship withdrawal shall not be required to reestablish eligibility. Further, employees who lose eligibility due to displacement by layoff, but maintain contributions at the required level and are later employed in an eligible position, shall not be required to reestablish eligibility.

Deferred Compensation Incentive. A. The County shall contribute sixty dollars ($60) per month District contribution to employees who participate in the County’s Deferred Compensation PlanPlan is seventy-five dollars ($75) per month. To be eligible for this incentive, employees must contribute to the deferred compensation plan as indicated: indicated below. Monthly Contribution Employees with Qualifying Base Required to Maintain Current Contribution Incentive Program Monthly Salary of: Amount Amount: Eligibility $2,500 and below $250 $50 2,501 - 3,334 500 50 3,335 - 4,167 750 50 4,168 - 5,000 1,000 50 5,001 - 5,834 1,500 100 5,835 - 6,667 2,000 100 6,668 & above 2,500 100 Employees who discontinue contributions or who contribute less than the required amount per month for a period of one (1) month or more will no longer be eligible for the sixty dollar ($60) County District supplement. To reestablish eligibility, employees must again make a Base Contribution Amount as set forth above based on current monthly salary. Employees with a break in deferred compensation contributions either because of an approved medical leave or an approved financial hardship withdrawal shall not be required to reestablish eligibility. Further, employees who lose eligibility due to displacement by layoff, but maintain contributions at the required level and are later employed in an eligible position, shall not be required to reestablish eligibility.

Deferred Compensation Incentive. A. 1. The County shall will contribute sixty seventy-five dollars ($6075.00) per month to employees each employee who participate participates in the County’s Deferred Compensation Plan. To be eligible for this incentive, employees the employee must contribute to the deferred compensation plan as indicatedindicated below: Current Monthly Contribution Employees with Salary Qualifying Base Required to Maintain Current Contribution Cont. Amount Monthly Base Cont. Amount for Maintaining Incentive Program Monthly Salary of: Amount Prog.Eligibility $2,500 2500 and below $250 $50 2,501 - 3,334 2501 – 3334 500 50 3,335 - 4,167 3335 – 4167 750 50 4,168 - 5,000 1,000 4168 – 5000 1000 50 5,001 - 5,834 1,500 5001 – 5834 1500 100 5,835 - 6,667 2,000 5835 – 6667 2000 100 6,668 & 6668 and above 2,500 2500 100 Employees who discontinue contributions or who contribute less than the required amount per month for a period of one (1) month or more will no longer be eligible for the sixty dollar seventy-five ($6075.00) County supplement. To reestablish re-establish eligibility, employees must again make a Base Contribution Amount as set forth above based on current monthly salary. Employees with a break in deferred compensation contributions either because of an approved medical leave or an approved financial hardship withdrawal shall will not be required to reestablish re-establish eligibility. Further, employees who lose eligibility due to displacement by layoff, but maintain contributions at the required level and are later employed in an eligible position, shall will not be required to reestablish re-establish eligibility.

Deferred Compensation Incentive. A. The County shall contribute sixty dollars ($60) per month District contribution to employees who participate in the County’s Deferred Compensation PlanPlan is seventy-five dollars ($75) per month. To be eligible for this incentive, employees must contribute to the deferred compensation plan as indicated: Monthly Contribution indicated below. Employees with Qualifying Base Monthly Contribution Required to Maintain Current Contribution Incentive Program Monthly Salary of: Amount Amount: Eligibility $2,500 and below $250 $50 2,501 - 3,334 500 50 3,335 - 4,167 750 50 4,168 - 5,000 1,000 50 5,001 - 5,834 1,500 100 5,835 - 6,667 2,000 100 6,668 & above 2,500 100 Employees who discontinue contributions or who contribute less than the required amount per month for a period of one (1) month or more will no longer be eligible for the sixty dollar ($60) County District supplement. To reestablish eligibility, employees must again make a Base Contribution Amount as set forth above based on current monthly salary. Employees with a break in deferred compensation contributions either because of an approved medical leave or an approved financial hardship withdrawal shall not be required to reestablish eligibility. Further, employees who lose eligibility due to displacement by layoff, but maintain contributions at the required level and are later employed in an eligible position, shall not be required to reestablish eligibility.

Deferred Compensation Incentive. A. 1. The County shall will contribute sixty seventy-five dollars ($6075.00) per month to employees each employee who participate participates in the County’s Deferred Compensation Plan. To be eligible for this incentive, employees the employee must contribute to the deferred compensation plan as indicatedindicated below: Current Monthly Contribution Employees with Salary Qualifying Base Required to Maintain Current Contribution Cont. Amount Monthly Base Cont. Amount for Maintaining Incentive Program Monthly Salary of: Amount Prog.Eligibility $2,500 2500 and below $250 $50 2,501 - 3,334 2501 – 3334 500 50 3,335 - 4,167 3335 – 4167 750 50 4,168 4168 – 5000 1000 50 5001 – 5834 1500 100 5835 – 6667 2000 100 6668 and above 2500 100 SEIU 1021 SLS - 5,000 1,000 50 5,001 89 - 5,834 1,500 100 5,835 - 6,667 2,000 100 6,668 & above 2,500 100 2016-2019 Employees who discontinue contributions or who contribute less than the required amount per month for a period of one (1) month or more will no longer be eligible for the sixty dollar seventy-five ($6075.00) County supplement. To reestablish re-establish eligibility, employees must again make a Base Contribution Amount as set forth above based on current monthly salary. Employees with a break in deferred compensation contributions either because of an approved medical leave or an approved financial hardship withdrawal shall will not be required to reestablish re-establish eligibility. Further, employees who lose eligibility due to displacement by layoff, but maintain contributions at the required level and are later employed in an eligible position, shall will not be required to reestablish re-establish eligibility.