Employees' contributions Sample Clauses

Employees' contributions. For all employees falling within the scope of clause 1 (1) (b) of this Agreement, save as provided for in clause 1 (2) (b) of this Agreement, every employer shall each week or each month, as the case may be, in respect of each of his weekly-paid or monthly-paid employees (hereinafter referred to as the "contributor") who have worked eight and a half ordinary hours or more during any pay week, deduct an amount equal to 6,03% of his wage: Provided that no deduction shall exceed 6,03% of the highest minimum wage as prescribed in clause 4 of Parts F, G and H of the National Main Collective Agreement of the Council, whichever is applicable: Provided further that no deductions shall be made from the wage of any employee who is 65 years of age or older.
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Employees' contributions. Employees who have been identified by the Board as eligible to participate in the Plan shall be eligible to elect to defer all or a portion of his or her Compensation under the Plan. The terms of any election to defer an Employee’s Compensation must be made in accordance with Sections 3.3(b) and 3.3(c) above. Further, the timing and form of payment of such Deferred Compensation Benefit must be specified in the Agreement, subject to the provisions of Sections 3.3(d), 5.1, 5.2 and 6.1.
Sample 1
Employees' contributions. For the purpose of the Fund and for all employees falling within the scope of clause 1 (1) (b) of this Agreement, each employer shall deduct from the wages of each of his employees who have worked during any week or part thereof, 6,5% of the employee's basic weekly wage, as defined in this Agreement: Provided that no deduction shall be made from the wages of any contributor after retirement age, unless he has elected to defer his retirement.
Sample 1
Employees' contributions. A participating employee may contribute up to a maximum of $4,500 per calendar year, and shall contribute a minimum of $10 per week during any week in which a contribution is made. The employee’s contributions shall be on an after-tax basis, and shall be made by authorized payroll deduction. An employee shall be immediately vested in contributions made by her/him, and in the interest accumulating on these contributions.
Sample 1

Related to Employees' contributions

  • 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.

  • Employee Contributions Any member of the bargaining unit who is hired on or after September 1, 2010 is eligible to make a voluntary contribution to the City=s Deferred Compensation Plan offered by Ameritas.

  • 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.

  • Employees' Compensation The Consultant shall be solely responsible for the following:

  • 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.

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

  • Contributions Without creating any rights in favor of any third party, the Member may, from time to time, make contributions of cash or property to the capital of the Company, but shall have no obligation to do so.

  • 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.

  • 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).

  • Company Contributions (a) For employees hired, rehired or who become covered under the CWA 3176 Agreement through any means before January 1, 2016, the Company shall contribute a Company Matching Contribution equal to 25 percent of the Participant’s Contribution up to a maximum of 6 percent of eligible wage.

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