Savings Plan Benefits for Savings Plan IX Participants Sample Clauses

Savings Plan Benefits for Savings Plan IX Participants. On and after April 1, 2022 and for the remaining term of this Agreement, the Company will allow eligible Savings Plan IX Participants to participate in the Savings Plan of Entergy Corporation and Subsidiaries IX or its successor plan (the “Savings Plan IX”), which is a tax-qualified defined contribution plan that includes a cash or deferred arrangement within the meaning of Section 401(k) of the Code. The eligibility and features of Savings Plan IX are described in the Savings Plan IX document, as amended and restated from time to time, and in the applicable Summary Plan Description and applicable Summaries of Material Modification, as those documents may be amended from time to time, copies of which are available via the X. Xxxx Price link located on the myEntergy webpage. Savings Plan IX Participants will be allowed to make elective salary deferral contributions, after-tax contributions, Xxxx contributions, and, if eligible, Xxxx catch-up contributions and traditional catch-up contributions to Savings Plan IX with respect to their regular earnings (base pay), subject to Savings Plan IX’s limits and certain limitations provided for in the Code. Savings Plan IX Participants shall be enrolled automatically in Savings Plan IX at a salary deferral contribution rate of 5% of the Savings Plan IX Participant’s regular earnings as soon as administratively feasible after the expiration of 60 days following the Saving Plan IX Participant’s most recent hire date or rehire date, unless the Savings Plan IX Participant affirmatively enrolls in Savings Plan IX or affirmatively opts out of participation in Savings Plan IX during the 60-day period. Savings Plan IX includes an automatic escalation feature whereby the pre-tax deferral contribution percentage of participants is increased automatically by one percent (1%) on April 1st of each year until the participant’s pre-tax deferral contribution percentage reaches ten percent (10%), unless the participant affirmatively opts out of the automatic escalation feature or the participant changes his pre-tax deferral contribution percentage within the 60- day period before April 1st of that year. Participants have the option to make changes to the automatic escalation feature at any time and may elect to opt out of the feature entirely. On and after April 1, 2022 and for the remaining term of this Agreement, Savings Plan IX will provide for a Company matching contribution on behalf of Savings Plan IX Participants equal to 100% ...
Sample 1
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Related to Savings Plan Benefits for Savings Plan IX Participants

  • Retirement Savings Plan Within fifteen (15) days after the date of Termination of Employment, the Company shall pay to Employee a cash payment in an amount, if any, necessary to compensate Employee for the Employee’s unvested interests under the Company’s retirement savings plan which are forfeited by Employee in connection with the Termination of Employment.

  • 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.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

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  • RETIREE HEALTH SAVINGS PLAN Effective, December 24, 2006, or as soon as administratively possible, the County shall establish a retiree health savings plan (RHSP) by contributing an amount of $25.00 to the employee’s RHSP each biweekly pay period.

  • 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:

  • Non-Retirement Savings Accounts An account maintained in the Cayman Islands (other than an insurance or Annuity Contract) that satisfies the following requirements under the laws of the Cayman Islands.

  • Beneficiary Rollovers from Employer-Sponsored Retirement Plans If you are a spouse Beneficiary, nonspouse Beneficiary, or the trustee of an eligible type of trust named as Beneficiary of a deceased employer plan participant, you may directly roll over inherited assets from a qualified retirement plan, 403(a) annuity, 403(b) tax-sheltered annuity, or 457(b) governmental deferred compensation plan to an inherited IRA. The IRA must be maintained as an inherited IRA, subject to the beneficiary distribution requirements.

  • 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.

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