Employees Hired or Rehired Before June 11, 2018 and Participating Sample Clauses

Employees Hired or Rehired Before June 11, 2018 and Participating. In The Plan Permanent employees hired before June 11, 2018 and having satisfied the Plan eligibility period will be eligible effective January 1, 2019 to participate in the DC RPP component of the Plan. Each pay period, the Company will make a Company Matching Contribution under the DC RPP. Eligible Pay for the DC RPP Employee Contribution is defined as base pay including shift differential. Effective January 1, 2019, and each January 1 thereafter, (or as soon as administratively feasible) employees having satisfied the DC RPP eligibility period, will be automatically enrolled at the employee required minimum percentage below. All participants on each subsequent January 1, will have contributions increased with a one (1) percent escalation annually, up to six (6) percent of Eligible Pay. Each pay period, the Company will make a Company Matching Contribution under the DC RPP equal to 100% of the employee required minimum below to a maximum of six percent (6%) of the employee’s Eligible Pay. Eligible Pay for the DC RPP Employee Contribution is defined as base pay including shift differential. Employee contributions will be administered in accordance with the DC RPP provisions and procedures. – All existing, or newly hired or rehired employees on or after January 1, 2019, and having satisfied the eligibility period, will be automatically enrolled at a rate of two (2) percent of Eligible Pay (as defined in the Plan) on a pretax basis. – All existing, or newly hired or rehired employees on or after January 1, 2020, and having satisfied the eligibility period, will be automatically enrolled at a rate of three (3) percent of Eligible Pay (as defined in the Plan) on a pretax basis. – All existing, or newly hired or rehired employees on or after January 1, 2021, and having satisfied the eligibility period, will be automatically enrolled at a rate of four (4) percent of Eligible Pay (as defined in the Plan) on a pretax basis. – All existing, or newly hired or rehired employees on or after January 1, 2022, and having satisfied the eligibility period, will be automatically enrolled at a rate of five (5) percent of Eligible Pay (as defined in the Plan) on a pretax basis. – All existing, or newly hired or rehired employees on or after January 1, 2023, and having satisfied the eligibility period, will be automatically enrolled at a rate of six (6) percent of Eligible Pay (as defined in the Plan) on a pretax basis. Employees have the option to change their voluntary contr...
Sample 1Sample 2
AutoNDA by SimpleDocs

Related to Employees Hired or Rehired Before June 11, 2018 and Participating

  • Overtime-Eligible Employees Unpaid Meal Periods The Employer and the Union agree to unpaid meal periods that vary from and supersede the unpaid meal period requirements required by WAC 000-000-000. Unpaid meal periods for employees working more than five (5) consecutive hours, if entitled, will be a minimum of thirty (30) minutes and will be scheduled as close to the middle of the work shift as possible, taking into account the Employer’s work requirements and the employee’s wishes. Employees working three (3) or more hours longer than a normal workday will be allowed an additional thirty (30) minute unpaid meal period. When an employee’s unpaid meal period is interrupted by work duties, the employee will be allowed to resume their unpaid meal period following the interruption, if possible, to complete the unpaid meal period. In the event an employee is unable to complete the unpaid meal period due to operational necessity, the employee will be entitled to compensation, which will be computed based on the actual number of minutes worked within the unpaid meal period. Meal periods may not be used for late arrival or early departure from work and meal and rest periods will not be combined.

  • Public Employees Retirement System “PERS”) Members. For purposes of this Section 1, “employee” means an employee who is employed by the State on August 28, 2003 and who is eligible to receive benefits under ORS Chapter 238 for service with the State pursuant to Section 2 of Chapter 733, Oregon Laws 2003.

  • EMPLOYER AND UNION SHALL ACQUAINT NEW EMPLOYEES The Employer agrees to acquaint new employees with the fact that a Collective Agreement is in effect and with the conditions of employment set out in the Articles dealing with Union Security and Dues Check-off. The Employer agrees to provide the name, worksite phone number, and location of the new employee's xxxxxxx in the letter of hiring. Whenever the xxxxxxx is employed in the same work area as the new employee, the employee's immediate supervisor will introduce her to her xxxxxxx. The Employer agrees that a Union xxxxxxx will be given an opportunity to interview each new employee within regular working hours, without loss of pay, for thirty (30) minutes sometime during the first thirty (30) days of employment for the purpose of acquainting the new employee with the benefits and duties of Union membership and the employee's responsibilities and obligations to the Employer and the Union.

  • Alternative Employment An employer, in a particular redundancy case, may make application to the Commission to have the general severance pay prescription varied if the employer obtains acceptable alternative employment for an employee.

  • SALARY DETERMINATION FOR EMPLOYEES IN ADULT EDUCATION PCA Article B.3 does not apply in School District No. 34 (Abbotsford).

Time is Money Join Law Insider Premium to draft better contracts faster.