Repayment Method. A loan to an Employee shall be repaid at least quarterly by payroll. If repayment is not made by payroll deduction, a loan shall be repaid by the Employee to the Employer. Loan repayments are forwarded to Fidelity, by the Employer, in the same manner and frequency as contributions.
Appears in 2 contracts
Sources: Service Agreement (K Swiss Inc), Corporateplan for Retirement Service Agreement (Giant Industries Inc)
Repayment Method. A loan to an Employee shall be repaid at least quarterly by payroll. If repayment is not made by payroll deduction, a loan shall be repaid by the Employee to the Employer. Loan repayments are forwarded to Fidelity, by the Employer, in the same manner and frequency as contributionsEmployer or Administrator.
Appears in 2 contracts
Sources: Retirement Plan Service Agreement, Service Agreement (Peets Coffee & Tea Inc)