ELIGIBILITY FOR EMPLOYER Sample Clauses

ELIGIBILITY FOR EMPLOYER. CONTRIBUTION This section describes eligibility for an Employer Contribution toward the cost of coverage.
ELIGIBILITY FOR EMPLOYER. Match: To be eligible for the matching contribution provided by ORU, you must be at least age 21 and you must have completed a “year of service” (as defined for Plan purposes) during which you were credited with at least 1,000 hours of service. When you are eligible, ORU will provide a 50% matching contribution on your deferrals up to 6% of your eligible pay. For 2020, the maximum amount of pay that may be considered for calculating matching contributions is $280,000. Enrollment and Investment Direction with TIAA: Your contributions under the Plan are allocated to separate TIAA contracts. On the TIAA website (xxx.xxxx.xxx/xxx), you will see two options:  ORU Retirement Plan – Employer Match: This contract receives the employer matching contributions and your deferral contributions that have been matched.

Related to ELIGIBILITY FOR EMPLOYER

  • 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.

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

  • Application for Employment Executive understands and agrees that, as a condition of this Agreement, he shall not be entitled to any employment with the Company, its subsidiaries, or any successor, and he hereby waives any right, or alleged right, of employment or re-employment with the Company.

  • Eligibility for Sick Leave With Pay Employees shall be eligible for sick leave with pay immediately upon accrual.

  • Employee Eligibility For purposes of this section, “eligible employee” shall be defined by the Public Employees’ Medical and Hospital Care Act.