Prevailing Wage Contribution definition

Prevailing Wage Contribution means an Employer contribution made to the Plan under a Prevailing Wage Law on behalf of a Prevailing Wage Employee.
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Prevailing Wage Contribution provisions (select all that apply; leave blank if none apply)
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Examples of Prevailing Wage Contribution in a sentence

  • However, if the required contribution under the applicable federal, state or municipal prevailing wage law provides for a greater contribution than set forth in the Addendum, the Employer may make the greater contribution as a Prevailing Wage Contribution.

  • To offset any Employer Contribution, the Prevailing Wage Contribution must comply with any distribution restriction under Section 6.01(C)(4) otherwise applicable to the Employer Contribution being offset and the Plan Administrator must account for the Prevailing Wage Contribution accordingly.

  • A Prevailing Wage Contribution is a contribution the Employer makes to the Plan in accordance with a Prevailing Wage Contract.

  • The Plan Administrator also may count in the ACP test a QNEC which is a Prevailing Wage Contribution up to an additional 10% of Compensation, such that the combined QNEC amount does not exceed 20% of Compensation and not more than 10% in either test.

  • The Employer will make a Prevailing Wage Contribution on behalf of each Participant who performs services subject to the Service Contract Act, ▇▇▇▇▇-▇▇▇▇▇ Act or similar Federal, State, or Municipal Prevailing Wage statutes.

  • A Prevailing Wage Contribution is treated as a Nonelective Contribution or other Employer Contribution except as the Plan otherwise provides.

  • In such event, the Plan Administrator will allocate the Employer Contributions for a Plan Year in accordance with the Fixed Nonelective or other Employer Contribution formula or in accordance with the Prevailing Wage Contribution formula the Employer has elected under Sections 3.04(A)(2) or (3).

  • The Prevailing Wage Contribution shall be an amount equal to the balance of the fringe benefit payment for health and welfare for each Participant (after deducting the cost of cash differential payments for the Participant) based on the hourly contribution rate for the Participant's employment classification, as designated on Schedule A as attached to this Adoption Agreement.

  • The Prevailing Wage Contribution shall not be subject to any age or service requirements set forth in Question 15.

  • Reduce the Participant's Employer Contribution allocation by the amount of the Prevailing Wage Contribution.