Mandatory Employee Contribution. If the Employee is eligible under the Plan to make a Mandatory Employee Contribution, the Employee must elect under this section to make a contribution for an amount equal to 5% of compensation. [ ] Employee elects to defer 5% of compensation2
Mandatory Employee Contribution. The term “Mandatory Employee Contribution” means an Employee Contribution that equals the specified percentage of a Participant’s Compensation which the Participant must contribute to the Plan in order to receive an allocation of Employer contributions and Forfeitures for the Allocation Period.
Mandatory Employee Contribution. 6% of pay – pretax (includes overtime) – payroll deduction.
Mandatory Employee Contribution. Mandatory Employee Contribution means a pre-tax Employee contribution which the Employee agrees to make as a condition of employment. Mandatory Employee Contributions also include contributions made pursuant to an Employee’s irrevocable one-time election, as described in Section 1.24(F). Mandatory Employee Contributions are treated as pretax Nonelective Contributions and are 100% Vested at all times.
Mandatory Employee Contribution. Effective July 1, 2006, the teacher will contribute 2% of their salary from schedule A.
Mandatory Employee Contribution. Employees will contribute 1% of the employee's salary.
Mandatory Employee Contribution. Starting July 1, 2011, the employee will contribute 2.0% of their salary from Appendix A.
