Examples of Siemens Savings Plan in a sentence
Notwithstanding any of the provisions of this Appendix to the contrary, effective April 1, 2002, the only distribution option or options that shall be available to a Member covered by this Appendix, as well as to his or her spouse or beneficiary, shall be the option or options available under the applicable provisions of Article XI of the Siemens Savings Plan, including with respect to amounts that have been transferred to the Siemens Savings Plan.
The purpose of the Siemens Savings Plan is to encourage and assist eligible employees to save part of their income on a regular basis through payroll deductions and salary reduction, supplemented by contributions by the participating employers.
If the employee is eligible to participate in the Siemens Savings Plan immediately prior to his or her “Disability,” that eligibility will continue as long as the employee remains employed by a participating employer and the employee’s contributions will be made through payroll deduction from benefits paid under this Plan.
Such automatic contributions to the Siemens Savings Plan shall be subject to the other provisions of the Plan that are applicable to Tax-Deferred Contributions.
A hard copy of the Siemens Savings Plan for Union Employees has been provided to the Union.
Bargaining unit employees will participate in the Siemens Savings Plan for Union Employees pursuant to the terms of that Plan, which is incorporated by reference into this Agreement.
Such automatic contributions to the Siemens Savings Plan For Union Employees shall be subject to the other provisions of the Plan that are applicable to Tax-Deferred Contributions.
Notwithstanding the other provisions of this Section to the contrary, effective March 1, 2001, an Employee whose employment with all Affiliated Companies is terminated shall be able to rollover into the Siemens Savings Plan For Union Employees the amount of any lump sum distribution he may be entitled to receive from the Siemens Pension Plan For Union Employees.
Notwithstanding any of the provisions of this Appendix to the contrary, effective April 1, 2002, the only distribution option or options that shall be available to a Member covered by this Appendix, as well as to his or her spouse or beneficiary, shall be the options or options available under the applicable provisions of Article XI of the Siemens Savings Plan, including with respect to amounts that have been transferred to the Siemens Savings Plan.
The purpose of the Siemens Savings Plan for Union Employees is to encourage and assist eligible employees to save part of their income on a regular basis through payroll deductions and salary reduction, supplemented by contributions by the participating employers.