Salary fund definition

Salary fund means the fund from which salaries are ordinarily paid. (Added by Stats. 1947, Ch. 424, Sec. 1)
Sample 1Sample 2Sample 3
Salary fund means the fund from which salaries are ordinarily paid.
Sample 1Sample 2Sample 3
Salary fund means the Fund which receives Company contributions and from which Benefits and Separation Payments may be payable to Salaried Employees.
Sample 1

Examples of Salary fund in a sentence

  • Except for Automatic Short Week Benefits which shall be payable by the Company, Benefits shall be payable to Hourly Employees from the Hourly Fund and to Salaried Employees from the Salary Fund, except as otherwise provided in Section (5) of Article VIII.

  • The Company shall establish and maintain two separate and distinct trust funds, an Hourly Fund and a Salary Fund, in accordance with this Plan, with a qualified bank or banks or a qualified trust company or the Company.

  • Payments made are to be made on the day following the expiration of Salary Fund benefits (normally the 186th teaching day following the day that the teacher's full sick credit is used up).

  • The Salary Fund balance shall be used to pay Regular Benefits and Separation Payments due and payable under this 2015 Plan.

  • Regular Benefits shall be payable to Hourly Employees from the Hourly Fund and to Salaried Employees from the Salary Fund.

  • The Company shall maintain two separate and distinct trust funds, an Hourly Fund and a Salary Fund, in accordance with this Plan, with a qualified trust company or companies selected by the Company as Trustee.

  • The Board monthlyto the (Salary Fund) the teachers' share the savings resulting from reduced Unemployment Insurance premiums.

  • Credit Units credited to Hourly and Salaried Employees, shall be applicable to the Hourly and Salary Fund, respectively.

Related to Salary fund

  • Annual Deferral Amount means that portion of a Participant's Base Annual Salary and Annual Bonus that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant's Retirement, Disability (if deferrals cease in accordance with Section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

  • Employee Contribution means any contribution made to the Plan by or on behalf of a Participant that is included in the Participant's gross income in the year in which made and that is maintained under a separate account to which earnings and losses are allocated.

  • Employee Contributions are contributions made by a Participant on an after-tax basis, whether voluntary or mandatory, and designated, at the time of contribution, as an employee (or nondeductible) contribution. Elective deferrals and deferral contributions are not employee contributions. Participant nondeductible contributions, made pursuant to Section 4.01 of the Plan, are employee contributions.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Employer Account The Participant's Matching 401(k) Contributions Account, Matching Thrift Contributions Account, Employer Contributions Account, Qualified Matching Contributions Account and Qualified Nonelective Contributions Account, as the case may be.

  • Monthly salary means the portion of a member’s annual compensation which is paid to him or her per month.

  • Cash Compensation means any discount, concession, fee, service fee, commission, sales charge, loan, override, or cash benefit received by a producer in connection with the recommendation or sale of an annuity from an insurer, intermediary, or directly from the consumer.

  • Matching Contribution means Employer contributions made to this Plan or any other defined contribution plan by reason of Thrift Contributions or Elective Deferrals under this Plan.

  • 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.

  • Retirement allowance means the retirement payments to which a member is entitled.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.