Employer Contributions Account Sample Clauses

Employer Contributions Account. The plan administrator will maintain a separate employer contributions account for each participant. Employer contributions allocated to a participant will be credited to his employer contributions account.
Sample 1
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Employer Contributions Account. (a) UPON ATTAINMENT OF NORMAL RETIREMENT AGE: Each Participant's Employer Contributions Account to which Employer Nonelective Contributions, Employer Matching Contributions and/or Profit Sharing Contributions have been allocated, shall be fully vested upon the Participant attaining Normal Retirement Age. Upon termination of employment on or after the Participant has attained his or her Normal Retirement Age, the Participant shall be entitled to receive a distribution of his or her entire Account in accordance with the provisions of Section 7.04.
Sample 1
Employer Contributions Account. To elect to transfer investments under this subsection (a), a Participant must direct, in such written, electronic or telephonic form as is prescribed by the Administrator, that his interest (including earnings), in 1% increments, be transferred from an Investment Fund to any other Investment Fund or Funds, in 1% increments. Generally transfers will be made within four business days of receipt of proper notice.
Sample 1
Employer Contributions Account. As soon as practicable after the end of each Payroll Period, the Administrator shall credit each Participant’s Employer Contributions Accounts with the Stock, including fractional shares, representing his share of the Stock provided by Employer Contributions for the Payroll Period. A portion of the Stock will be funded with shares from the ESOP. The remaining Stock may be purchased on the open market or via newly issued shares. The Stock from the ESOP will be based on the closing price on the New York Stock Exchange for the Friday of the Payroll Period. If newly issued shares of Stock are issued, they will be based on the closing price on the New York Stock Exchange for the Friday of the Payroll Period. If cash is contributed, they will be based on the Friday of the Payroll Period net aggregate average price of all trades placed during the day in the Trust. There shall be credited to each Participant’s Employer Stock Account at the time of its receipt all Stock received by the Trustee on account of stock dividends or stock splits which are attributable to Stock previously credited to such Accounts.
Sample 1
Employer Contributions Account. The Employer agrees that Executive shall be eligible to receive Employer Contributions to his Account under the Nonqualified Plan, which Employer Contributions shall be subject to the terms and conditions set forth in this Agreement and the Nonqualified Plan. Employer Contributions made on Executive's behalf shall be credited to a subaccount established under Executive's Account under the Nonqualified Plan, which subaccount will be known as the "Employer Contributions Account."
Sample 1
Employer Contributions Account. The Governing Board shall maintain, or cause the Plan’s record-keeper to maintain, a separate‌ Employer Contributions Account for each Participant to account for the Employer Contributions of each Participant.
Sample 1
Employer Contributions Account. Effective for Participants who perform one or more Hours of Service on or after the Effective Date, each Participant's Employer Contributions Account shall become Vested as follows (check one): ***ALL PARTICIPANTS IN THE SOUTHERN CALIFORNIA BANK EMPLOYEE RETIREMENT PLAN WHO WERE ACTIVE EMPLOYEES ON DECEMBER 31, 1997 BECAME 100% VESTED IN THEIR ACCOUNT BALANCES. NOT APPLICABLE. ----- FULL VESTING. Each Participant's Employer Contributions ----- Account shall be fully (100%) Vested at all times.
Sample 1
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Employer Contributions Account. With respect to a Participant's Employer Contributions Account, the Employer elects the following vesting schedule: (Choose one)
Sample 1

Related to Employer Contributions Account

  • 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.

  • 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.

  • 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.

  • Deferred Compensation Account All Participant Deferral Credits and Employer Credits shall be credited to the Deferred Compensation Account of the Participant as provided in Section 8.

  • 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.

  • 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.

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

  • Retirement Accounts With respect to certain retirement plans or accounts (such as individual retirement accounts (“IRAs”), SIMPLE IRAs, SEP IRAs, Xxxx IRAs, Education IRAs, and 403(b) Plans (such accounts, “Retirement Accounts”), the Transfer Agent, at the request and expense of the Fund, provide or arrange for the provision of various services to such plans and/or accounts, which services may include custodial agent services such as account set-up maintenance, and disbursements as well as such other services as the parties hereto shall mutually agree upon.

  • Deferral Account 3.1 Establishing and Crediting. The Company shall establish a Deferral Account on its books for the Director, and shall credit to the Deferral Account the following amounts:

  • 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:

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