SAVINGS PLAN 401(k). 24.1 Regular full-time and regular part-time employees hired prior to June 1, 2011, who do not or cannot exercise the option described in Article 22, Section 22.5, shall be eligible to participate in the Company 401(k) Savings Plan (the “401(k) Plan”), without a Company match, in accordance with the terms of the 401(k) Plan. Under the terms of prior collective bargaining agreements, in 2005 the following current employees (as of May 16, 2011) qualified for and received a 401(k) Company match “buy-out” in the form of a one-time contribution of $1500.00 to their 401(k) accounts: Xxxxxxxx, Xxxxx X Xxxxxxxxx, Xxxxxx X Xxxxxxxxxxx, Xxxxx Xxxxxxx, Xxxxxxx X Xxxxx, Xxxx Xxxxxxxx, Xxxxx X Xxxxxx, Xxxx X Xxxxxxx, Xxxxxxx X Xxx, Xxxx X Xxxxxxxx, Xxxxx X Xxxxxxxxxx, Xxxxx X Xxxxx, Xxxxxxx X Xxxxxx, Xxxxxxx X Xxxxx, Xxxxx X Xxxxxxx, Xxxxxx X Xxxxxxxx, Xxxxxx J
SAVINGS PLAN 401(k). The Employer will provide a 401k plan, making whatever changes may be required to comply with applicable laws and regulations. The Employer will match the 401k contributions of nurses in accordance with the terms of their matching plan. The plan documents related to the Retirement Benefits are hereby incorporated by reference and considered a part of this Agreement.
SAVINGS PLAN 401(k). Effective May 1, 2007, the Employer agrees to match fifty-percent (50%) of each employee’s contributions to maximum of two (2%) Employer match for the employee. Employees may contribute from one-percent (1%) to sixteen-percent (16%). No waiting period for present employees with one (1) or more years of service to participate. New hires and present employees with less than one (1) year of service must have one (1) year of service. Employees vest in Employer contributions at twenty- percent (20%) per year for five (5) years. Employee contributions are before tax. Employer contributions will be made in conjunction with the requirements set forth in the plan.
SAVINGS PLAN 401(k). Section 0 000(X) XXXXXXX PLAN Android will maintain a 401(k) savings plan for all eligible Team Members. Android matches $1.00 for $1.00 on the first 3% of Team Member contribution, and $0.50 on the $1.00 for the next 2% of the Team Member’s contribution. Team Members may defer any percentage up to 70% maximum annual dollar amount allowable by federal law plus any applicable catch-up contributions.
SAVINGS PLAN 401(k). The Company shall continue to authorize all employees to participate in the Delaware Resource Group plan (401K). The Company will offer a 50% match for match the first 6% of an employee contribution. There are no profit sharing privileges. The total amount of an employees' 401K contribution will not exceed the established IRS maximum contribution levels.
