401(k) Savings Plan. Section 1 The parties agree that CSXT and its locomotive Engineers derive mutual benefit from programs which better align the interests of locomotive Engineers with those of shareholders and customers. To further that goal, CSXT will make the following contributions to the BLET 401(k) Savings Plan for locomotive Engineers, with contributions as set forth below.
401(k) Savings Plan. All employees (grandfathered and non-grandfathered) are eligible to participate in the Company 401k plan. The Company, based on federal and state regulations, shall govern the plan design to include the amount an employee may contribute, the formula for Company matching contributions, the investment options and all other administrative aspects of the 401k Savings Plan. Eligibility shall be to full and part-time employees (excludes temporary, interns and co-ops) on the first of the month after hire date.
401(k) Savings Plan. Employees are allowed to contribute to a 401(k) savings plan, up to the IRS allowed limit of their eligible compensation, on a pre-tax basis. The Company will match 200% of the first 2% of the employee's contribution, 100% of the next 2% of the employee's contribution, and 50% of the next 2% the employee's contribution, for a maximum Company match of 7%. All newly hired employees will be automatically enrolled, with contributions of 6% of their wages upon the date of hire. The newly hired employees may opt out the program by contacting the Centrus Savings Program provider.
401(k) Savings Plan. The Company agrees to provide to all eligible employees a 401(k) Savings Plan. The Company agrees to institute a provision that would allow employees to borrow 401(k) funds in accordance with Company policy.
401(k) Savings Plan. You will be eligible to participate in Cellegy’s 401(k) plan on the same terms and conditions as other Cellegy employees.
401(k) Savings Plan. 14.00 The Company will maintain a 401K Savings Plan for employee participation on an elective salary deferral basis. Furthermore, the Company will contribute, to each eligible employee's account, cents per hour worked up to a maximum of 2,080 hours in a calendar year per the following schedule: Contract Year 1 $.26 cents Contract Year 2 $.28 cents Contract Year 3 $.30 cents Contract Year 4 $.32 cents
401(k) Savings Plan. If the Executive is a participant in a Cash Balance Plan and in the Company’s 401(k) Savings Plan (the “Savings Plan”), then in addition to the benefits to which the Executive is entitled under each such plan and under paragraph (i) above, the Company shall pay the Executive, not later than five (5) days after the Termination of Employment (or at such later date provided under Section 2.g. hereof) a lump sum amount, in cash, equal to the amount of matching contributions that would have been credited to the Executive’s account under the Savings Plan during the two years immediately following the date of Termination of Employment, determined (x) as if, during such period, Executive had made the maximum elective contribution eligible for a matching contribution and (y) without regard to any amendment to such plan made subsequent to a Change of Control and on or prior to the date of Termination of Employment, which amendment adversely affects in any manner the basis upon which matching contributions are determined.
401(k) Savings Plan. Regular employees shall be eligible to participate in the Company Employee 401 (k) savings plan under the terms and conditions in place as of the effective date of this Agreement. The Parties agree to meet and negotiate over any significant changes to this benefit.
401(k) Savings Plan. The Company agrees to start up and administer a 401K Savings Plan if thirty percent (30%) or more participation is achieved. Signed this 30th day of June ,2010. Xxxxx Xxxxxxx Local 1031, Electronics Corporation International Brotherhood Of Electrical Workers, AFL-CIO Xxxxxxx Xxxxx Xxxx X. Xxxx President Business Manager/Financial Sec’y ATTACHED TO AND MADE PART OF AGREEMENT BETWEEN XXXXX-XXXXXXX ELECTRONICS CORPORATION AND LOCAL 1031, INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS, AFL-CIO, FOR PERIOD JUNE 28, 2010 UNTIL JULY 3, 2011. APPENDIX "A" WAGE SCALE EFFECTIVE 06/28/10 THROUGH 07/03/11 JOB CLASSIFICATION START 2MO 3MO 2-8 Sweeper Effective 06/28/10 9.02 12.92 13.03 3-2 Assy., Wirer-Solderer 3-5 Riveter Effective 06/28/10 9.02 13.03 13.13 START 2MO 12MO 24MO 36MO Hired After 7/1/97 8.03 8.75 9.45 10.87 13.13 G.L. Specialist Effective 06/28/10 13.74 JOB CLASSIFICATION START 2MO 3MO 4-1 Wire Cutting Machine Operator 4-3 Xxxxxx-Sweeper 4-5 Packer-Final Assembly Effective 06/28/10 9.04 13.04 13.27 START 2MO 12MO 24MO 36MO Hired after 7/1/97 8.23 8.94 9.74 11.22 13.27
401(k) Savings Plan. 206 401K matches will be 50% up to the first 6% of employee’s base wage saved. 207 The 401K match will be made on the employee’s annual base wage except for exclusions noted in subparagraph h of paragraph 210 – Compensation Excluded for Profit Sharing and 401K match. 208 The Company agrees to discuss all 401K-plan amendments or plan terminations with the Union prior to the implementation of such plan amendments or termination of plan benefits. PROFIT SHARING 209 Profit sharing for the Chart personnel shall be on the following basis, for 2013 – 2018.
