Discretionary contribution Sample Clauses
A discretionary contribution clause allows one party, typically an employer or plan sponsor, to make additional, non-mandatory payments or contributions at their own discretion. In practice, this means the party is not obligated to contribute a set amount or on a fixed schedule, but may choose to provide extra funds based on financial performance, company policy, or other factors. This clause provides flexibility for the contributing party and can be used to incentivize performance or reward employees, while also ensuring that there is no binding commitment to make such contributions in the future.
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Discretionary contribution. The amount (or additional amount) the Employer may from time to time deem advisable.
Discretionary contribution. The Employer will determine in its sole discretion how much, if any, it will make as an Employer Contribution.
Discretionary contribution. An annual contribution shall be made during the first pay period after July 1 of each year, and shall equal the amount as set forth in Article 48, currently $400 per year.
Discretionary contribution. A Non-Safe Harbor Plan Sponsor Contribution with respect to a contribution Plan Year:
(a) in any decimal percentage of the Participant’s Compensation;
(b) in any flat dollar amount; or
(c) determined in accordance with such other formula as the Plan Administrator may permit from time to time that the Plan Sponsor may (or may not) elect to:
(1) declare at any time from January 1 of the contribution Plan Year through May 1 of the following Plan Year (or such other date that is specified by the Administrator); and
(2) contribute to Discretionary Contribution Accounts of eligible Participants at any time from January 1 of the contribution Plan Year through June 15 of the following Plan Year (or such other date that is specified by the Administrator and permissible under applicable law and Regulations). Such declaration and contributions are made in a form acceptable to, and subject to rules and procedures established by, the Administrator.
Discretionary contribution. For each Plan Year, the Employer shall contribute to the Plan a discretionary amount of not less than the amount required to pay any Current Obligations of the Trust Fund which shall be allocated in accordance with the provisions of Section 4.3(b).
Discretionary contribution. For each Plan Year, the Bank or the Company, in its sole discretion, may, but is not required to, credit any amount it desires to the Executive’s Deferral Account under this Agreement, which amount shall be the Executive’s Discretionary Contribution for that Plan Year. The Discretionary Contribution, if any, shall be credited as of the last day of the Plan Year unless otherwise specified by the Bank or the Company, as the case may be. If the Executive is not employed by either the Bank or the Company as of the last day of the Plan Year other than by reason of his retirement, death or disability while employed, the Discretionary Contribution for that Plan Year shall be zero.
Discretionary contribution. A contribution made by an Employer for Members pursuant to Section 3.6.
Discretionary contribution. Integrated Allocation
Discretionary contribution. Discretionary Contribution" means the Company profit sharing contribution or other discretionary contribution credited to a Participant's Account(s) under Section 4.6 below.
Discretionary contribution. If this paragraph is checked, the Employer shall make Employer Contributions to the Trust each Plan Year in an amount voted or declared by the Employer on account of such Plan Year. The following eligible Participants shall be eligible to receive an allocation of fixed or discretionary Employer Contributions for the Plan Year (check one or more below):