Partnership Plans Sample Clauses

Partnership Plans. [ ] a. The Employer SHALL make Matching Contributions to Partners. -+Matching Contributions to Partners are treated in all respects as Elective Deferral Contributions. [ ] b. The Employer SHALL NOT make Matching Contributions to Partners. For each $ 1.00 of either Elective Deferral Contributions or Required Employee Contributions, as selected above, the Employer will contribute and allocate to each Participant's Matching Contribution Account an amount equal to: [X] 1. $____ (e.g., $.50).
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Partnership Plans. [ ] a. The Employer SHALL make Matching Contributions to Partners -> Matching Contributions to Partners are treated in all respects as Elective Deferral Contributions [ ] b. The Employer SHALL NOT make Matching Contributions to Partners. For each $1.00 of either Elective Deferral Contributions or Required Employee Contributions, as selected above, the Employer will contribute and allocate to each Participant"s Matching Contribution Account an amount equal to: [ ] 1. $ __________ (e.g., $.50). [X] 2. A discretionary percentage, to be determined by the Employer. -> If option 2 is elected, the amount of the discretionary percentage should be determined by an annual Board of Directors resolution setting the percentage. -> If a or b is elected, the minimum and maximum percentages must be within the parameters of the Elective Deferral election in Section X.A or the Required Employee Contribution election in Section X.B of this Adoption Agreement. -> Percentage for higher amounts must be lower than the percentages for lower amounts. For example: 100% of the first $500, plus 75% of the next $500, plus 50% of the next $500. [ ] a. Graded based upon the dollar amount of each Participant"s Elective Deferral Contributions or Required Employee Contributions as follows: ________ % of the first $________ plus ________ % of the first $________ plus ________ % of the first $________ plus ________ % of the first $________.
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Partnership Plans a. The Employer SHALL make Matching Contributions to Partners. - MATCHING CONTRIBUTIONS TO PARTNERS ARE TREATED IN ALL RESPECTS AS ELECTIVE DEFERRAL CONTRIBUTIONS. / / b. The Employer SHALL NOT make Matching Contributions to Partners. For each $1.00 of either Elective Deferral Contributions or Required Employee Contributions, as selected above, the Employer will contribute and allocate to each Participant's Matching Contribution Account an amount equal to: / / 1. $______ (e.g., $.50). /X/ 2. A discretionary percentage, to be determined by the Employer. - IF OPTION 2 IS ELECTED, THE AMOUNT OF THE DISCRETIONARY PERCENTAGE SHOULD BE DETERMINED BY AN ANNUAL BOARD OF DIRECTORS RESOLUTION SETTING THE PERCENTAGE. / / 3. Graded Match. - IF A OR B IS ELECTED, THE MINIMUM AND MAXIMUM PERCENTAGES MUST BE WITHIN THE PARAMETERS OF THE ELECTIVE DEFERRAL ELECTION IN SECTION X.A OR THE REQUIRED EMPLOYEE CONTRIBUTION ELECTION IN SECTION X.B OF THIS ADOPTION AGREEMENT. - PERCENTAGES FOR HIGHER AMOUNTS MUST BE LOWER THAN THE PERCENTAGES FOR LOWER AMOUNTS. FOR EXAMPLE: 100% OF THE FIRST $500, PLUS 75% OF THE NEXT $500, PLUS 50% OF THE NEXT $500. / / a. Graded based upon the dollar amount of each Participant's Elective Deferral Contributions or Required Employee Contributions as follows: _________% of the first $_____ plus _________% of the first $_____ plus _________% of the first $_____ plus _________% of the next $_____ ------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------- Plan Document X. CONTRIBUTIONS Section ------------------------------------------------------------------------------------------------------------- / / b. Graded based upon the percentage of Compensation of each Participant's Elective Deferral Contribution or Required Employee Contribution as follows: _________% of the first $_____ plus _________% of the next $_____ plus _________% of the next $_____ plus _________% of the next $_____ %. - IF 3.a or b IS ELECTED, ADDITIONAL TESTING WILL BE REQUIRED TO PROVE THAT THE DIFFERENT CONTRIBUTIONS ARE AVAILABLE ON A NONDISCRIMINATORY BASIS. / / 4. Separate specific dollar amounts for different employees (e.g., employees in different job classifications): - THIS OPTION IS AVAILABLE ONLY FOR PLANS COVERING EMPLOYEES WHOSE CONDITIONS OF EMPLOYMENT ARE MANDATED UNDER THE XXXXX-XXXXX ACT. $_________ (e.g...
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Partnership Plans. 5.2 .1 Projects that emphasize and promote sustainable development.
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Related to Partnership Plans

  • Employee Stock Ownership Plan The Executive will be eligible to participate in the Company’s Employee Stock Ownership Plan (“ESOP”), subject to the terms and conditions of the ESOP.

  • Equity Plans Executive shall be entitled to participate in any equity or other employee benefit plan that is generally available to senior executive officers, as distinguished from general management, of the Company. Except as otherwise provided in this Agreement, Executive’s participation in and benefits under any such plan shall be on the terms and subject to the conditions specified in the governing document of the particular plan.

  • Company Benefit Plans (a) Section 4.13(a) of the Company Disclosure Letter sets forth a complete list, as of the date hereof, of each material Company Benefit Plan. For purposes of this Agreement, a “

  • Benefit Plans The Executive shall be entitled to participate in any benefit plans relating to stock options, stock purchases, awards, pension, thrift, profit sharing, life insurance, medical coverage, education, or other retirement or employee benefits available to other senior executive employees of the Company, subject to any restrictions (including waiting periods) specified in such plans.

  • Partnership Agreements Each of the partnership agreements, declarations of trust or trust agreements, limited liability company agreements (or other similar agreements) and, if applicable, joint venture agreements to which the Company or any of its subsidiaries is a party has been duly authorized, executed and delivered by the Company or the relevant subsidiary, as the case may be, and constitutes the valid and binding agreement of the Company or such subsidiary, as the case may be, enforceable in accordance with its terms, except as the enforcement thereof may be limited by (A) the effect of bankruptcy, insolvency or other similar laws now or hereafter in effect relating to or affecting creditors’ rights generally or (B) the effect of general principles of equity, and the execution, delivery and performance of such agreements did not, at the time of execution and delivery, and does not constitute a breach of or default under the charter or bylaws, partnership agreement, declaration of trust or trust agreement, or limited liability company agreement (or other similar agreement), as the case may be, of the Company or any of its subsidiaries or any of the Agreements and Instruments or any law, administrative regulation or administrative or court order or decree.

  • Profit Sharing Plan Under the Northrim BanCorp, Inc. Profit Sharing Plan (the “Plan”), Executive shall be eligible to receive an annual profit share based on performance as defined by the Board of Directors. Executive will be classified in the Executive tier under the Plan’s Responsibility Factors. If Employer is required to prepare an accounting restatement due to “material noncompliance of the Employer,” the Employer will recover from the Executive any incentive compensation during the three (3) years prior to the date of the restatement, in excess of what would have been paid under the restatement. Executive’s signature on this Agreement authorizes Employer to offset or deduct from any compensation Employer may owe Executive, any excess payments (in whole or in part) that Executive may owe Employer due to such restatement(s).

  • Company Plans Section 1.10(a),.................... 5 Company..........................................................................

  • Benefit Plans and Programs To the extent permitted by applicable law and subject to the terms and eligibility requirements of any such plan or program, Executive will be eligible to participate in all benefit plans and programs, including improvements or modifications of the same, that are maintained by the Company generally for executive employees of the Company, subject to the eligibility requirements and other terms and conditions of those plans and programs. The Company will not, however, by reason of this Section 5(b) be obligated either (1) to institute, maintain, or refrain from changing, amending, or discontinuing any such benefit plan or program, or (2) to provide Executive with all benefits provided to any other person or individual employed by the Company or any of its affiliates.

  • Benefit Plans; ERISA (a) Section 2.09(a) of the Disclosure Schedule contains a true and complete list and description of each of the Benefit Plans and identifies each of the Benefit Plans that is a Qualified Plan and relates to Employees.

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