Retirement Plan Contribution Sample Clauses

Retirement Plan Contribution. An employee may contribute a fixed amount per pay period not exceeding 80% of salary up to a yearly maximum set by IRS guidelines. Employees age 50 and older may contribute an additional amount. After one (1) year of an eligible participating employee’s continuous service of at least 1000 hours, the Employer will match an employee’s contribution up to 3% of an employee’s salary at 50 cents on the dollar, as described in section 17.1 of this Agreement. For example, employee contribution at 6% of salary, employer contribution at 3% of salary.
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Retirement Plan Contribution. The University agrees that it will restore the 10% reduction in pension contributions rates on July 1, 2019. This restoration will go into effect regardless of the status of negotiations for a successor contract to this initial contract.
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Retirement Plan Contribution. During the Term, the Executive may identify a private retirement plan into which the Company shall contribute five percent (5%) of the Executive’s Base Salary (the “Contribution”). The Company shall use commercially reasonable efforts to follow any reasonable direction from the Executive regarding the making of the Contribution in such a way as to be tax-efficient for the Executive. For the avoidance of doubt, the Company’s above-described obligation to make the Contribution is in addition to, and not instead of, its obligation to pay the Executive’s Base Salary and any obligation of the Company to make contributions to the Central Provident Fund.
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Retirement Plan Contribution. During the Term, and to the extent permitted by the Employer-sponsored retirement plan (the “Retirement Plan”) and applicable law, the Employer shall make an annual contribution equal to fifty percent (50%) of the annual contribution made by the Employee (the “Retirement Plan Contributions”) to the Retirement Plan; provided, however, that the Employer’s Retirement Plan Contributions shall not exceed $8,250 per annum.
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Retirement Plan Contribution. The Township will contribute 3% of the Manager’s salary to their 457b plan in years 2022 and 2023 of this contract. This payment will be made as a biannual contribution by January 15th and June 15th each contract year.
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Retirement Plan Contribution 
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Related to Retirement Plan Contribution

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.1.

  • Retirement Plans In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, JHSS shall provide the following administrative services:

  • Savings Plan Executive will be eligible to enroll and participate, and be immediately vested in, all Company savings and retirement plans, including any 401(k) plans, as are available from time to time to other key executive employees.

  • Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all other savings and retirement plans, practices, policies and programs, in each case on terms and conditions no less favorable than the terms and conditions generally applicable to the Company’s other executive employees.

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

  • Post-Retirement Benefits The present value of the expected cost of post-retirement medical and insurance benefits payable by the Borrower and its Subsidiaries to its employees and former employees, as estimated by the Borrower in accordance with procedures and assumptions deemed reasonable by the Required Lenders is zero.

  • DEFERRAL CONTRIBUTIONS The Advisory Committee will allocate to each Participant's Deferral Contributions Account the amount of Deferral Contributions the Employer makes to the Trust on behalf of the Participant. The Advisory Committee will make this allocation as of the last day of each Plan Year unless, in Adoption Agreement Section 3.04, the Employer elects more frequent allocation dates for salary reduction contributions.

  • Profit Sharing Plan Under the Northrim BanCorp, Inc. Profit Sharing Plan (the “Plan”), Executive shall be eligible to receive an annual profit share based on performance as defined by the Board of Directors. Executive will be classified in the Executive tier under the Plan’s Responsibility Factors. If Employer is required to prepare an accounting restatement due to “material noncompliance of the Employer,” the Employer will recover from the Executive any incentive compensation during the three (3) years prior to the date of the restatement, in excess of what would have been paid under the restatement. Executive’s signature on this Agreement authorizes Employer to offset or deduct from any compensation Employer may owe Executive, any excess payments (in whole or in part) that Executive may owe Employer due to such restatement(s).

  • SERP Executive is a participant in the BB&T Corporation Non-Qualified Defined Benefit Plan (the “SERP”). The SERP was formerly known as the Branch Banking and Trust Company Supplemental Executive Retirement Plan. The SERP is a non-qualified, unfunded supplemental retirement plan which provides benefits to or on behalf of selected key management employees. The benefits provided under the SERP supplement the retirement and survivor benefits payable from the Pension Plan. Except in the event the employment of Executive is terminated by the Employer or BB&T for Just Cause and except in the event Executive terminates Executive’s employment for any reason other than Good Reason and such termination does not occur within twelve (12) months after a Change of Control (or, if later, within ninety (90) days after a MOE Revocation), the following special provisions shall apply for purposes of this Agreement:

  • 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.

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