401(k) Retirement Plan. Upon commencement of Employee’s employment with the Company and obtaining valid immigration and/or work authorization status in the United States, Employee shall be eligible to make contributions to a 401(k) Retirement Plan sponsored by the Company. The Company’s current practice is to match Employee’s contribution to Employee’s 401(k) Retirement Plan as follows: 100% Company matching contribution on the first 3% of pay that Employee contributes; and 50% Company matching contribution on the next 2% of pay that Employee contributes. In addition, if Employee participates in the Company’s 401(k) Plan, and if the Company meets certain financial targets, Employee may receive an additional annual Company retirement contribution.
401(k) Retirement Plan. 16.1 The Carrier shall provide a 401(k) retirement plan on the same terms as they apply to other employees of the CMQ and as they may be amended from time to time.
401(k) Retirement Plan. It is understood and agreed that EMPLOYEE did participate in a retirement plan offered by COMPANY and therefore COMPANY has no further obligation to withhold any deductions nor make any contributions to any such plan on behalf of EMPLOYEE. Therefore, for purposes of the retirement plan, EMPLOYEE is no longer considered an employee and voluntary contributions will not be withheld from the separation payment.
401(k) Retirement Plan. PNA pays up to a 5% match of the employee’s contribution. There is a maximum Company contribution as may be established from time to time by the Internal Revenue Service. The vesting period for Company contributions is 5 years.
401(k) Retirement Plan. Section 1. Employees will be able to participate in the Company's 401K plan by electing a percentage of the employee's pay to be allocated to the retirement account. The employees will be an Eligible Employee for deferral contributions, CBA employer nonelective contributions and prevailing wage (excess Health & Welfare contribution purposes. The employees will not be an Eligible Employee for employer match contribution purposes. All other provisions of the Company’s 401k plan apply as adopted by the Company. Employees will receive a 401(k) CBA Employer nonelective contribution of per hour for each hour worked. The contribution will be deposited into the employee’s 401k account provided by the Company. Current Rate Effective 2/1/2025 $0.25 $0.50 ARTICLE THIRTY-FIVE DURATION OF AGREEMENT This Agreement shall be in full force and effect from July 1, 2024, to and including June 30, January 31, 2028. Successor negotiations will commence 100 days prior to the expiration of this agreement. In Witness Whereof, the parties hereto set their hands and seals by their respective Officers' duly authorized to do so this on the 10th day of June, 2024 06/18/2024 EMPLOYER: Date Xxxxx Xxxxx, Member Representative, Alutiiq, LLC 06/17/2024 EMPLOYER: Date 06/17/2024 EMPLOYER: Date Xxxxxxxx Xxxxxx, Vice President, Human Resources Afognak Native Corporation, LLC Xxxx Xxxxxxx, President, Alutiiq Logistics & Maintenance Services, LLC UNION: Date Xxxxxx Del Xxxxxx, Chief Negotiator, Guam Federation of Teachers, AFT Local 1581, AFL-CIO 06/19/2024 UNION: Date Xxxxxxx Xxxxxxx, GFT President 06/18/2024 UNION: Date Xxxxxx Xxxxx, GFT Negotiation Team Chairman 06/17/2024 UNION: Date Xxxxxxx Xxxx, GFT Negotiation Team Member 06/18/2024 UNION: Date Xxxxxxxx Xxxxxxxx, GFT Negotiation Team Member 06/18/2024 UNION: Date Xxxxxxx Xxxxxxxxx, GFT Negotiation Team Member APPENDIX A Standard Schedule of Disciplinary Offenses and Penalties Alutiiq Logistics & Maintenance Services, LLC In the DODEA Program
401(k) Retirement Plan. Section 1 - Qualifying employees shall be entitled to participate in the Employer’s 401k Retirement Plan. The first two percentage points (2%) of salary invested by an employee in the 401K plan will be matched dollar for dollar by the Employer’s matching contribution.
401(k) Retirement Plan. Rainy Lake Medical Center Employee 401k Pension Plan, Effective January 1, 2006. Eligibility Requirements: • Age 21 • One calendar year of service at Rainy Lake Medical Center • Minimum of 1000 hours of service in the first 12 months employed • Eligibility for the match and profit sharing are the same • Employee may begin to make elective deferrals at time of hire Vesting Schedule: Three (3) plan years with 1000 hours of service each to be 100% vested. Contribution Match: Rainy Lake Medical Center contributes up to 2.5% percent based on a 50% match of eligible employee contributions. See examples. (note: negotiated increases of .5% shall be effective 1/1/2022.) Employee contributes 4% RLMC Matches 2% Employee contributes 5% RLMC Matches 2.5% Employee contributes 10% RLMC Matches 2.5%
401(k) Retirement Plan. A 401(K) Retirement Plan will be established for engineers as described on Attachment
401(k) Retirement Plan. Section 1: The Company shall make available to its Employees the ATU 401K Retirement Savings Program. Section 2: Participation in the plan is not mandatory.
401(k) Retirement Plan. The Company will establish a 401K plan which will become effective July 1, 2006. The Company will contribute 25% up to the first 4% of employee’s pay. All Pilots will be able to contribute up to the maximum amount allowable by law. 107
