Eligibility for contributions Sample Clauses

Eligibility for contributions. (a) If any regular, full-time employee who works regularly five (5) days a week, is laid off, but has worked at least five (5) days of the calendar month during which the layoff occurred, the Employer will pay the contributions due for that month to each of the respective Trust Funds.
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Eligibility for contributions. Employees of the Adopting Employer will be eligible to receive employer contributions when the following requirements are met:
Eligibility for contributions. A. Salary reduction contributions Employees may make salary reduction contributions to the Plan in accordance with the following provisions (please select one): No salary reduction contributions are permitted. All Employees are permitted to make salary reduction contributions. Only those Employees meeting the eligibility requirements for Employer Contributions (described in Item III.B. below) may make salary reduction contributions. If the Employer elects to permit Salary Reduction Contributions, all such contributions must be made pursuant to a written, legally binding agreement between the Adopting Employer and the Employee and shall apply only with respect to compensation for services rendered to the Adopting Employer by the Eligible Employee which is not currently avail- able prior to the effective date of the salary reduction agreement.
Eligibility for contributions. Eligible employees participate in the 401(k) Plan and are eligible to make elective deferral contributions as of the first day of the month after completing 3 months of service. Participants are eligible for matching and non-elective contributions as of the first day of the first, fourth, seventh, or tenth month of the Plan Year coinciding with or next following the date they complete one year of service. Service with Bangor Hydro and MPS is credited under the Plan for participation and vesting. Employees excluded from participation include leased employees, non-resident aliens with no U.S. source income, and Term Employees.
Eligibility for contributions. The Adopting Employer will make employer contributions to the Plan in accordance with the following provisions: All Employees are eligible to receive the employer contributions described in Item VI. An Employee will be eligible to participate if the employee's customary weekly employment is more than hours per week. The following Employees (or classifications of Employees) are eligible to receive the employer contributions described in Item VI (please describe). The Adopting Employer is responsible for determining whether an individual meets the requirements specified above.
Eligibility for contributions. An employee is eligible for School District contributions as provided in the Article on the first day of the new month after the first day the employee reports for work and shall remain eligible until and unless one of the following conditions exist:
Eligibility for contributions. The Adopting Employer may allow Employees to voluntarily make contributions from their own income into the Plan. All employee contributions will be considered pre-tax, Salary Reduction Contributions, unless the Adopting Employer elects to allow employees to make after-tax, Xxxx Contributions.
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Related to Eligibility for contributions

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

  • Maintaining Eligibility for Employer Contribution The employer's contribution continues as long as the employee remains on the payroll in an insurance eligible position. Employees who complete their regular school year assignment shall receive coverage through August 31.

  • Contribution Eligibility You are eligible to make a regular contribution to your Xxxx XXX, regardless of your age, if you have compensation and your MAGI is below the maximum threshold. Your Xxxx XXX contribution is not limited by your participation in an employer-sponsored retirement plan, other than a Traditional IRA.

  • Eligibility for Benefits A member will not be eligible to receive Long Term Disability benefits until their Income Protection benefits have expired.

  • Tax Credit for Contributions You may be eligible to receive a tax credit for your IRA contributions. This credit will be allowed in addition to any tax deduction that may apply, and may not exceed $1,000 in a given year. You may be eligible for this tax credit if you are • age 18 or older as of the close of the taxable year, • not a dependent of another taxpayer, and • not a full-time student. The credit is based upon your income (see chart below), and will range from 0 to 50 percent of eligible contributions. In order to determine the amount of your contributions, add all of the contributions made to your IRA and reduce these contributions by any distributions that you have taken during the testing period. The testing period begins two years prior to the year for which the credit is sought and ends on the tax return due date (including extensions) for the year for which the credit is sought. In order to determine your tax credit, multiply the applicable percentage from the chart below by the amount of your contributions that do not exceed $2,000. 2019 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1–38,500 $1–28,875 $1–19,250 50 $38,501–41,500 $28,876–31,125 $19,251–20,750 20 $41,501–64,000 $31,126–48,000 $20,751–32,000 10 Over $64,000 Over $48,000 Over $32,000 0 2020 Adjusted Gross Income* Applicable Percentage Joint Return Head of a Household All Other Cases $1–39,000 $1–29,250 $1–19,500 50 $39,001–42,500 $29,251–31,875 $19,501–21,250 20 $42,501–65,000 $31,876–48,750 $21,251–32,500 10 Over $65,000 Over $48,750 Over $32,500 0 *Adjusted gross income (AGI) includes foreign earned income and income from Guam, America Samoa, North Mariana Islands, and Puerto Rico. AGI limits are subject to cost-of-living adjustments each year.

  • 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.

  • 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.

  • 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:

  • Retirement Contribution The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications. Corrections Firearms Instructor Oil & Hazardous Material Responder I Oil & Hazardous Material Responder II

  • Allocation of Contributions You may place your contributions in one fund or in any combination of funds, although your employer may place restrictions on investment in certain funds.

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