Discretionary Employer Contributions Sample Clauses

Discretionary Employer Contributions. The Employer may make Employer Contributions to the accounts of Director Participants in any amount (which amount may be zero), as determined by the Employer in its sole discretion from time to time, in a writing, which is hereby incorporated herein.
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Discretionary Employer Contributions. If so provided by the Employer in Sections 1.05(a)(1), for the Plan Year in which the Plan is adopted and for each Plan Year thereafter, the Employer may make Discretionary Employer Contributions to the Trust in accordance with Section 1.05 to be allocated among eligible Participants, in the ratio that each Participant's Compensation bears to the total Compensation paid to all eligible Participants for the Plan Year.
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Discretionary Employer Contributions. The Employer shall have the discretion to make Employer Contributions to the Plan with respect to any Plan Year on behalf of any Participant. Employer Contributions shall be made in the complete and sole discretion of the Employer and no Participant shall have the right to receive any Employer Contribution regardless of whether Employer Contributions are made on behalf of any other Participant.
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Discretionary Employer Contributions. The Employer may contribute to the Participant's Account an amount which has been allocated according to the allocation method specified in the Employer Affiliation Agreement which allocation shall be nondiscriminatory within the meaning of Section 403(b)(1) of the Code. Such Employer's Contributions shall be subject to the following limitations:
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Discretionary Employer Contributions. The Employer may make discretionary credits to the Deferred Compensation Account of each Active Participant in an amount determined each Plan Year by the Employer. ☐ (i) Immediate 100% vesting. ☒ (ii) Number of Years of Service Vested Percentage Less than1 1 2 3 4 5 6 7 8 9 10 or more 0 % 0 % 0 % 100 % ______ % ______ % ______ % ______ % ______ % ______ % ______ % For this purpose, Years of Service of a Participant shall be calculated from the date designated below:
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Discretionary Employer Contributions. ☒ The Employer may make Discretionary Employer Contributions to the Plan in an amount or percentage as determined by the Company. Discretionary Employer Contributions will be made on behalf of all Participants who satisfy one or more of the following requirements: ☐ no requirements ☐ are Non-Highly Compensated Employees ☐ complete 1,000 Hours of Employment during the Plan Year ☐ complete 501 Hours of Employment during the Plan Year ☐ complete _________ (not to exceed 1,000) Hours of Employment during the Plan Year ☐ are in the employ of the Employer on the last day of the Plan Year ☒ terminate employment on or after Early (if applicable) or Normal Retirement Date ☒ die during the Plan Year 14 ☒ become Disabled during the Plan Year (if the Plan provides a Disability Retirement Date definition) ☐ are in the employ of the Employer on the last day of the Plan Year or complete ________ (not to exceed 1,000) Hours of Employment during the Plan Year ☒ other: are in the employ of the Employer on the last day of the Plan Year and complete 1,000 Hours of Employment during the Plan Year ☒ Discretionary Employer Contributions shall be determined in accordance with the following: ☒ a. Non-integrated formula – The amount of contribution shall be allocated to each eligible Participant: ☒ in the ratio that each eligible Participant’s Compensation bears to the Compensation of all eligible Participants for the Plan Year ☐ other (specify method of determining contribution that does not discriminate in favor of Highly Compensated Employees (e.g., same dollar amount per Hour of Employment)) ___________________ ☐ b. Integrated formula – Contributions will be allocated in accordance with Section 4.10(b) of the Basic Plan Document. The Integration Level shall be equal to: ☐ The Taxable Wage Base in effect under Section 230 of the Social Security Act at the beginning of the Plan Year ☐ $________________ (a dollar amount less than the Taxable Wage Base ☐ ___% (not to exceed 100%) of the Taxable Wage Base ☐ c. Uniform points allocation formula – Each eligible Participant shall receive ________________ points for each (must select at least age or service) _______ years of age, ____________ Years of Vesting Service. In addition, an eligible Participant shall receive points for each dollar (not to exceed $200) of Compensation. Each Participant’s allocation shall bear the same relationship to all contributions as his or her total points bears to all points awarded. ☐ d. Uniform age-weig...
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Discretionary Employer Contributions 
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Related to Discretionary Employer Contributions

  • 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.

  • 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.

  • 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).

  • 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.

  • Participant Contributions If Participant contributions are permitted, complete (a), (b), and (c). Otherwise complete (d).

  • 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.

  • Full Employer Contribution - Basic Eligibility Employees covered by this Agreement who are scheduled to work at least seventy-five (75) percent of the time are eligible for the full Employer Contribution. This means:

  • Amount of Employer Contribution The Employer Contribution amounts and rules in effect on June 30, 2017 will continue through December 31, 2017.

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

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