Employer Credits Sample Clauses

Employer Credits. If designated by the Employer in the Adoption Agreement, the Employer shall cause the Committee to credit to the Deferred Compensation Account of each Active Participant an Employer Credit as determined in accordance with the Adoption Agreement. A Participant must make distribution elections with respect to any Employer Credits credited to his Deferred Compensation Account by the deadline that would apply under Section 4.1 for distribution elections with respect to Participant Deferral Credits credited at the same time, on a Participation Agreement that is timely executed and delivered to the Committee pursuant to Section 4.1.

Employer Credits. The Employer will make Employer Credits in the following manner: (a) Employer Discretionary Credits: The Employer may -- make discretionary credits to the Deferred Compensation Account of each Participant in an amount determined as follows: XX (i) An amount determined each Plan Year by the -- Employer.

Employer Credits. If designated by the Employer in the Adoption Agreement, the Employer shall cause the Committee to credit to the Deferred Compensation Account of each Active Participant an Employer Credit as determined in accordance with the Adoption Agreement.

Employer Credits. (Section 4.2 of the Plan) and Vesting (Section 6 of the Plan): Employer Credits will be made in the following manner: (a) Employer Credits not allowed.

Employer Credits. The Employer may, but need not, cause the Committee to credit to the Deferred Compensation Account of any Active Participant an Employer Discretionary or Profit Sharing Credit as determined by the Employer. As of the date of this restatement of the Plan, no Employer Credits are contemplated.

Employer Credits. If designated by the Employer in the Adoption Agreement, the Employer shall cause the Committee to credit to the Deferred Compensation Account of each Active Participant an Employer Credit as determined in accordance with the Adoption Agreement. A Participant must make distribution elections with respect to any Employer Credits credited to the Deferred Compensation Account by the deadline that would apply under Section 4.1 for distribution elections with respect to Participant Deferral Credits credited at the same time, on a Participation Agreement that is timely executed and delivered to the Committee pursuant to Section 4.1. If no distribution election is made, vested amounts in the Deferred Compensation Account will be distributed in a lump sum upon the earliest of any Qualifying Distribution Event limited to Separation from Service, Disability, Death or Change in Control.

Employer Credits. (Section 4.2 of the Plan) and Vesting (Section 6 of the Plan): Employer Credits will be made in the following manner: (a) Employer Credits not allowed. (b) Restored 401(k) Match: The Employer may make discretionary credits to the Deferred Compensation Account of each Active Participant in an amount determined each Plan Year by the Employer. ☐ (i) Immediate 100% vesting. ☒ (ii) Number of Years of Service Vested Percentage Less than1 1 2 3 4 5 6 7 8 9 10 or more 0 % 0 % 0 % 100 % ______ % ______ % ______ % ______ % ______ % ______ % ______ % For this purpose, Years of Service of a Participant shall be calculated from the date designated below: (1) First day the Participant begins to provide services to the Employer and all Participating Employers (2) Each Crediting Date. Under this option (2), each Employer Credit shall vest based on the Years of Service of a Participant from the Crediting Date on which each Employer Discretionary Credit is made to the Deferred Compensation Account.

Employer Credits. Each Participant's Employer Credit Account shall be credited at the end of each calendar month with an Employer Credit equal to 7.5% of the Participant’s Earnings, from the first day of the first payroll period, any portion of which falls within such month, through the last payroll end date of such month. Notwithstanding the immediately preceding sentence, upon the completion of a Participant’s first Year of Eligibility Service, the Participant’s Employer Credit Account shall be credited with Employer Credits for the 12-month computation period used to satisfy the Year of Eligibility Service requirement. Effective as of March 1, 2007, each Participant’s Frozen Benefit Plus+ Account shall be credited at the end of each calendar month with an Employer Credit equal to 7.5% of the Participant’s Earnings from the first day of the first payroll period, any portion of which falls within such month, through the last payroll end date of such month.

Employer Credits. The Employer will make Employer Credits in the following manner [check a maximum of 2 desired option(s)]: