Examples of Voluntary Contribution in a sentence
In order to ensure timely payment of AVCs into their AVC sub-accounts, Participants shall submit a completed Voluntary Contribution Form on or before the payroll cut-off date (normally the 15th of the month or the preceding working day if the 15th is not a working day).
Unless and until such Participant re-establishes eligibility to participate in the Plan, such Participant shall no longer be eligible to make or receive Contributions to the Plan (including by Payroll Deduction or Voluntary Contribution).
The Service Director added that the Council is also exploring a shared cost Additional Voluntary Contribution Scheme, noting that this is a decision for Rhondda Cynon Taf Council to determine whether to implement rather than the Pension Fund Committee.
No Participant shall have any rights as a stockholder of the Company with respect to the shares of Stock which may be deliverable to the Participant’s Account in connection with a Contribution (other than a Voluntary Contribution of previously-owned shares of Stock) under the Plan until such shares of Stock have been credited to his or her Account or have been delivered to him or her.
All AVCs require submission by the Participants to the Office of Human Resources of the Secretariat of a Voluntary Contribution Form (Appendix 2 to the Administrative Rules) specifying either the monthly amount or the lump sum to be contributed to the AVC sub-account.5.4 AVCs shall be processed as part of the payroll.