Mandatory Employee Contributions definition
Examples of Mandatory Employee Contributions in a sentence
The Mandatory Employee Contributions under Election 6(a) are subject to the following additional elections.
The Employer shall withhold the following Mandatory Employee Contributions from Participant Compensation and contribute them.
The Plan will hold and administer Mandatory Employee Contributions as pretax Nonelective Contributions.
The Plan Administrator will allocate any Fixed Nonelective Contribution under Election 25(b) or Mandatory Employee Contributions under Election 18 in accordance with the contribution formula the Employer adopts under that Election.
The Plan Administrator will hold and administer Mandatory Employee Contributions as pretax Nonelective Contributions, but will allocate them to a separate sub-account within Participants’ Accounts.
A Participant has a 100% Vested interest at all times in Accounts attributable to Elective Deferrals, QNECs, Mandatory Employee Contributions, Employee (after-tax) Contributions, Safe Harbor Contributions (other than QACA Safe Harbor Contributions), Nonelective Contributions to former Employees under Section 3.04(D), and Rollover Contributions.
Choose (j), (k) and/or (l) if applicable.): [Note: For this Election 14, unless described otherwise in Election 14(i), or the context otherwise requires, Matching includes all Matching Contributions; Nonelective includes all Nonelective Contributions except Operational QNECs; Employee/Mandatory includes Employee (after-tax) Contributions and Mandatory Employee Contributions unless otherwise elected at 14(k).
Choose (f) if applicable.): [Note: Unless described otherwise in Election 8(e), Elective Deferrals includes Pre-Tax Deferrals and ▇▇▇▇ Deferrals; Matching includes all Matching Contributions; Nonelective includes all Nonelective Contributions; Employee/Mandatory includes Mandatory Employee Contributions and Employee (after-tax) Contributions.
Mandatory Employee Contributions (no individual elections permitted): The Employer and Association agree that the Association’s compensation package will be changed in accordance with Appendix D, HRA VEBA.
The Plan does not apply any allocation conditions to: (1) Elective Deferrals; (2) Safe Harbor Contributions; (3) Mandatory Employee Contributions; (4) Employee (after-tax) Contributions; (5) Additional Matching Contributions; or (6) Rollover Contributions.