Examples of Mandatory Contribution in a sentence
If so indicated such Mandatory Contribution shall be to the Plan and be treated as a contribution that satisfies section 3121(b)(7)(F) of the Code.
The Contractor shall tabulate the actual Performance Metrics outcome and present the actual results during each affiliated Quarterly Business Review (QBR).
A contribution that is made pursuant to an Employee’s one-time irrevocable election made on or before the Employee’s first becoming eligible to participate under the Plan and a Mandatory Contribution made as a condition of employment that reduces an Employee’s compensation are treated as Employer Contributions to the Plan.
In addition, a Mandatory Contribution shall be made every six months thereafter, provided that the calculation of the Mandatory Contribution on the sixth-month date yields a positive dollar amount.
The Company shall immediately notify the Committee in writing when payment of the Mandatory Contribution is made to the Trustee.