Fixed Annual Company Contribution. (a) The fixed annual Company contribution will be two percent (2%) of each eligible employee’s annual base pay and will be payable during the first quarter of the following calendar year. Annual base pay is comprised of any pay an employee receives from the Company as base wages, not exceeding 40 hours in a calendar week, during a calendar year.
Appears in 4 contracts
Samples: Memorandum of Agreement, Memorandum of Agreement, www.ibew543.org
Fixed Annual Company Contribution. (a) The fixed annual Company contribution will be two percent (2%) of each eligible employee’s annual base pay pay, and will be payable during the first quarter of the following calendar year. Annual base pay is comprised of any pay an employee receives from the Company as base wages, not exceeding 40 hours in a calendar week, during a calendar year.
Appears in 4 contracts
Samples: www.ibew543.org, www.cwa-union.org, www.cwa-union.org
