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.
16.2 Employees must meet the qualifying criteria described in the plans before they become eligible to receive benefits.
16.3 Employees should refer to the plan documents for exact details of 401(k) retirement plan.
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. 12.01. Greektown Casino shall provide for eligible Bargaining Unit Members to participate in the Greektown Casino 401(k) Retirement Savings Plan, as may be amended from time to time (the “Plan”). Bargaining Unit Members will be eligible to participate in the Plan beginning with the first payroll period of the month following completion of one (1) Year of Contribution Service. (“Year of Contribution Service” is defined as the twelve (12)-month period beginning on the Bargaining Unit Member’s employment commencement date in which the Team Member completes 1,000 hours of service; provided, however, that if the Team Member fails to satisfy the 1,000 hour requirement during his first twelve (12)-months of employment, then subsequent Years of Contribution Service shall be measured from the end of the previous twelve (12)-month period. For purposes of determining Years of Contribution Service, forty-five (45) hours of service shall be credited for any week in which the Team Member performs one (1) hour of service.)
12.02. For hours worked on and after October 17, 2003, Greektown Casino shall make contributions to the Plan, no less frequently than on a bi-weekly basis, on behalf of eligible Bargaining Unit Members based on Years of Contribution Service, in the following manner: If a Bargaining Unit Member is continuously employed by Greektown Casino starting from his initial employment commencement date, then his Years of Contribution Service for purposes of this contribution shall be calculated by reference to his initial employment commencement date and subsequent anniversaries thereof. If a Bargaining Unit Member terminates employment with Greektown Casino and is subsequently rehired by Greektown Casino, then his Years of Contribution Service shall be equal to the number of full Years of Contribution Service he completed as of his termination date prior to being rehired, and his subsequent Years of Contribution Service shall be determined by reference to his latest employment commencement date and subsequent anniversaries thereof.
401(k) Retirement Plan. The Buyer maintains a Tax-qualified defined contribution plan with a salary reduction arrangement, the terms of which meet the requirements of Sections 401(a) and 401(k) of the Code (the “Buyer Savings Plan”). Each Transferred Employee who is eligible to contribute to the Seller’s Tax-qualified defined contribution plan (the “Seller Savings Plan”) on the Closing shall be eligible to contribute to the Buyer Savings Plan commencing with the first payroll period ending on or after January 12, 2011. As soon as practicable following the Closing Date, but no later than 120 days following the Closing Date, the Seller shall cause the Seller Savings Plan to transfer to the Buyer Savings Plan the accounts (including outstanding loans) of all Transferred Employees who are still employed by the Buyer on the date of the transfer. In addition, from the Closing Date through the date of such asset transfer, the Buyer shall, subject to employee consent, withhold from the paychecks of Transferred Employees with outstanding loans under the Seller Savings Plan the required amount of all loan repayments and promptly remit such withholdings to the trustee of the Seller Savings Plan. The Sellers agree to reimburse the Buyers for any future contributions required under the Buyer Savings Plan as a result of any administrative errors under the Seller Savings Plan prior to the Closing Date.
401(k) Retirement Plan. 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 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 Xxxxx Xxxxx, Member Representative, Alutiiq, LLC 06/17/2024 Date Xxxxxxxx Xxxxxx, Vice President, Human Resources Afognak Native Corporation, LLC Xxxx Xxxxxxx, President, Alutiiq Logistics & Maintenance Services, LLC Xxxxxx Del Xxxxxx, Chief Negotiator, Guam Federation of Teachers, AFT Local 1581, AFL-CIO 06/19/2024 Xxxxxxx Xxxxxxx, GFT President 06/18/2024 Xxxxxx Xxxxx, GFT Negotiation Team Chairman 06/17/2024 Xxxxxxx Xxxx, GFT Negotiation Team Member Xxxxxxxx Xxxxxxxx, GFT Negotiation Team Member Xxxxxxx Xxxxxxxxx, GFT Negotiation Team Member
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.
Section 2 - In addition to the Section 1 contribution, La Casa shall meet with the Union to bargain over an additional 401(k) Retirement Plan contribution by La Casa for each employee effective January 1, 2020 or as soon thereafter as is practicable.
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.
401(k) Retirement Plan. At least one (1) day prior to the Closing Date, adopt resolutions and take such actions as are necessary to terminate its 401(k) retirement plan; provided, however, that, such termination shall be accomplished in compliance with all applicable laws.