Basic Contributions. If the employer, at the time of contribution, designates a contribution to be a basic contribution for the Plan Year, the Administrative committee will allocate that basic contribution to the Basic Contributions Account of each Participant eligible for all allocation of that designated contribution, as specified in Section 3.04 of the Employer's Adoption Agreement. The Administrative Committee will make the allocation to each eligible Participant's Account in the same ratio that the Participant's Compensation for the Plan Year bears to the total Compensation of all eligible Participants for the Plan Year. The Administrative Committee will determine a Participant's Compensation in accordance with the general definition of Compensation under Section 1.12 of the Plan, as modified by the Employer in Sections 1.12 and 3.06 of its Adoption Agreement.
Basic Contributions i. Each Participant shall be allowed to have his/her wage reduced bi-weekly up to the appropriate maximum bi-weekly amount specified in Appendix C. Such bi-weekly wage reduction shall be in multiples of two dollars ($2) and shall be contributed to the Participant's account. Such bi-weekly wage reduction shall be known as "Basic Contributions".
Basic Contributions. Contributions made by an Employer or Participant in accordance with the provisions of Section 3.1 and/or 3.2, respectively.
Basic Contributions. “Basic Contributions” shall have the same meaning as the definition of the term in the 401(k)
Basic Contributions. You will contribute 2’1% of your regular earnings by payroll deduction and the Company w i l l contribute a matching amount to the Plan on your behalf. All contributions t o the Plan w i l l cease at your normal retirement date. Since your contributions t o the Plan are tax your reduced while you are a member of the Plan.
Basic Contributions. You w i l l contribute of your regular earnings by payroll deduction and the Company w i l l contribute a matching amount to the Plan on your behalf. All contributions t o the Plan w i l l cease at your retirement date. Since your contributions to the Plan are tax deductible, your income tax W i l l be reduced while you are a member of Plan. You may contribute in excess of your basic required contributions by payroll deduction but not more than the maximum amount allowed as a tax deduction under the terms of the Income Tax Act.
Basic Contributions. Basic Contributions shall be made as of the last ------------------- day of the period specified by the Plan Administrator. Basic Contributions made in accordance with Item 14(b) (1) shall be allocated to the Employer Contribution Account of each Eligible Employee who meets the requirements of Item 16 of the Joinder Agreement as of the last day of the period for which the Contributions are made, in the method specified in Item 14.
Basic Contributions. As a Basic contribution, the Employer shall contribute a percentage of the Participant's Compensation based on the Participant's age reached during the Plan year, subject to a minimum Basic contribution, as set forth in Appendix A. The Basic contribution set forth in Appendix A has been determined actuarially based on a career average defined benefit formula of 1.1% of Compensation earned during each Plan year using the unit credit funding method and the 1971 Male Group Annuity Mortality Table with ages set back 3 years for post retirement mortality and interest at 6% per annum compounded annually. The minimum Basic contribution is computed based on a minimum monthly benefit of $15.71 for the Plan year reduced proportionately for less than 2,000 "hours worked," where such term includes actual hours worked while a Participant in the Plan plus hours of pay for vacation, holidays, jury duty and bereavement absence.
Basic Contributions. Birthday in Contribution as A % Minimum Contribution per Plan Year of Compensation hour worked during the Plan Year* ----------- ------------------- --------------------------------- 80th 6.673% $ .57 79 6.960 .59 78 7.248 .62 77 7.535 .65 76 7.819 .67 75 8.104 .69 74 8.392 .72 73 8.685 .74 72 8.984 .77 71 9.286 .80 70 9.589 .82 69 9.892 .85 68 10.195 .87 67 10.496 .90 66 10.793 .93 65 11.084 .95 64 10.457 .90 63 9.865 .85 62 9.306 .80 61 8.780 .75 60 8.283 .71 59 7.814 .67 58 7.372 .63 57 6.954 .60 56 6.561 .56 55 6.189 .53 54 5.839 .50 53 5.508 .47 52 5.197 .45 51 4.902 .42
Basic Contributions. As a Basic contribution, the Employer shall contribute a percentage of the Participant's Compensation based on the Participant's age reached during the Plan year, subject to a minimum Basic contribution, as set forth in Appendix A. The Basic contribution set forth in Appendix A has been determined actuarially based on a career average defined benefit formula of 1.1% of Compensation earned during each Plan year using the unit credit funding method and the 1971 Male Group Annuity Mortality Table with ages set back 3 years for post retirement mortality and interest at 6% per annum compounded annually. Pre-Retirement discount is at 8% interest only. The minimum Basic contribution is computed based on a minimum monthly benefit of $15.71 for the Plan year reduced proportionately for less than 2,000 "hours worked," where such term includes actual hours worked while a Participant in the Plan plus hours of pay for vacation, holidays, jury duty and bereavement absence.
