Employer Contribution Percentage definition

Employer Contribution Percentage means for each Participant the sum of (a) 3% plus (b) the percentage of such Participant’s compensation for which the Company actually provided a matching contribution under the Savings Plan during the year, determined by taking into account (i) such Participant’s level of contributions throughout the year and (ii) whether or not such Participant also participated in the Pension Plan.
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Employer Contribution Percentage means for each Participant the sum of (a) 3% plus (b) the percentage of such Participant’s compensation for which the Company actually provided a matching contribution under the Savings Plan during the year, determined by taking into account (i) such Participant’s level of contributions throughout the year and (ii) whether or not such Participant also participated in the Pension Plan. 2.11 Fair Market Value on any date means the closing price of a Share on such date as reported on the New York Stock Exchange consolidated reporting system, provided that, in the event that there are no Common Stock transactions reported on such date, Fair Market Value shall mean the closing price of a Share on the immediately preceding date on which Common Stock transactions were so reported. 2.12 Participant means with respect to each calendar year any participant in the ESOP, the Savings Plan or the Pension Plan, who is not a corporate officer of the Company who also actively participates in the Company’s Executive Supplemental Retirement Benefit Program (the “SERP”), and whose allowable employer contributions under the ESOP, the Savings Plan or the Pension Plan have been determined by the Plan Administrator to have been cut back by the Statutory Limitation. 2.13 Plan means this Trane Inc. Supplemental Savings Plan. 2.14 Plan Unit means a Participant’s right to receive pursuant to the Plan one Share upon such Participant’s Termination of Employment, which right is subject to forfeiture in accordance with Section 14 (a) of the Plan. 2.15 Share means a share of Common Stock.
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Examples of Employer Contribution Percentage in a sentence

  • Employer Contribution Percentage Employee Contribution Percentage Effective January 1, 2010 85% 15% Effective January 1, 2011 85% 15% Effective January 1, 2012 85% 15% Effective January 1, 2013 85% 15% The cost of providing individual and dependent health and dental insurance coverage under the alternative health plan shall be determined by December 15 of each year.

  • We have assumed the following election percentages: Employer Contribution Percentage of Premium Percent of Disabilities Treated as Post-Medicare: Five percent of Public Safety disabilities and 35 percent of all other disabilities are assumed to be eligible for Medicare.

  • We have assumed the following election percentages: Employer Contribution Percentage of Premium Percent of Disabilities Treated as Post‐Medicare: Four percent of Public Safety disabilities and 33 percent of all other disabilities are assumed to be eligible for Medicare.

  • Except as otherwise specifically provided in the Plan or an Instrument of Adoption, if an Employer’s Instrument of Adoption does not specify a Matching Employer Contribution Percentage, the applicable percentage shall be one hundred (100) percent.

  • The applicable Matching Employer Contribution Percentage shall be applied as provided in Section 4.1 (or the Employer’s Instrument of Adoption) against Before-Tax Contributions made for a Plan Year that are not in excess of the percentage of Compensation specified in Section 4.1 or in the Employer’s Instrument of Adoption.

  • Employer Contribution Percentage Employee Contribution Percentage Effective January 1, 2010 85% 15% Effective January 1, 2011 85% 15% Effective January 1, 2012 85% 15% Effective January 1, 2013 85% 15% The County’s health and dental plan administrator shall have exclusive authority to determine the annual anticipated and actual costs of individual and dependent insurance coverage during the term of this Agreement.

  • Employer Contribution Percentage Employee Contribution Percentage Effective January 1, 2021 85% 15% Effective January 1, 2022 85% 15% Effective January 1, 2023 85% 15% Effective January 1, 2024 85% 15% The County’s health and dental plan administrator shall have exclusive authority to determine the annual anticipated and actual costs of individual, employee plus one and dependent insurance coverage during the term of this Agreement.

  • We now bake fresh bread every day in 652 stores✓ Outside of Fresh, we have improved our performance in packaged goods and have made good progress on aligning our program with our supply partners but remain focused on building further momentum in this area to achieve the results we are targeting 2.

  • Employer Contribution Percentage Rates Fiscal Year*Beginning January 1, 2012PERS members serve in the legislative, executive, judicial, and local branches of the state’s governmental bodies.

  • Required Supplementary Information - 3 Year Schedule of Percentage of OPEB Cost Contributed (1) (2) (3) (4) (5)Year Ending Annual June 30 OPEB Cost Actual Employer Contribution Percentage of OPEB Net OPEB Cost Contributed Obligation (3) ÷ (2) 2015 $ 37,964,000 Includes $0 contribution in excess of the net employer benefit payments.

Related to Employer Contribution Percentage

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Employer Contributions means all amounts paid into ASRS by an

  • Series Allocation Percentage means, with respect to any Monthly Period, the percentage equivalent of a fraction, the numerator of which is the numerator used in determining the Allocation Percentage for Finance Charge Collections for that Monthly Period and the denominator of which is the sum of the numerators used in determining the Allocation Percentage for Finance Charge Collections for all outstanding Series on such date of determination; provided that if one or more Reset Dates occur in a Monthly Period, the Series Allocation Percentage for the portion of the Monthly Period falling on and after each such Reset Date and prior to any subsequent Reset Date will be determined using a denominator which is equal to the sum of the numerators used in determining the Allocation Percentage for Finance Charge Collections for all outstanding Series as of the close of business on the subject Reset Date.