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. Employer Credits will be made in the following manner: (a) Employer Credits 1 (Employer Discretionary Credits): The Employer may make discretionary credits to the Deferred Compensation Account of each Active 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. The Employer may, but is not required, to credit to the Deferred Compensation Account of each active Participant, an amount determined each Plan Year by the Employer. A Participant must make distribution elections with respect to any Employer Credits credited to his Deferred Compensation Account on or before the last day of the Plan Year immediately preceding the year in which services are first performed as a Participant; provided, however, that if the first Plan Year is less than twelve months, the distribution election must be made before the first day of the first Plan Year. A Participant’s distribution election shall become irrevocable on the day that is the last permissible day for the Participant to make such distribution election. Elections pursuant to this Section 4.1 shall be made by the Participant by executing and delivering a Participation Agreement to the Employer. The Participation Agreement shall become effective with respect to such Participant as of the first day of the Plan Year following the date such Participation Agreement is received by the Employer.

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: XX (d) Employer Credits not allowed.