Determination of Employer Contribution Sample Clauses

Determination of Employer Contribution. If a Participant has not attained Normal Retirement Age as of the determination date (i.e., the last day of the Plan Year), his/her Employer Contribution allocation for a Plan Year equals the Participant's Net Present Value Amount (as determined in paragraph 3) multiplied by the appropriate Amortization Factor in Table II (Appendix E). If a Participant has attained Normal Retirement Age as of the determination date, his Employer contribution allocation for a Plan Year equals the Participant's Net Present Value Amount (as determined in paragraph 3). For each Plan Year, the Employer will contribute to the Plan an amount equal to the total contributions determined for all Participants, less the portion of that amount satisfied by Participant forfeitures allocable for that Plan Year. A Participant is not entitled to an allocation of Employer Contributions for a Plan Year unless he/she satisfies the requirements of Section 3.06.
Sample 1
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Related to Determination of Employer Contribution

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law.

  • Amount of Employer Contribution The Employer Contribution amounts and rules in effect on June 30, 2017 will continue through December 31, 2017.

  • Maintaining Eligibility for Employer Contribution The employer's contribution continues as long as the employee remains on the payroll in an insurance eligible position. Employees who complete their regular school year assignment shall receive coverage through August 31.

  • Employer Contributions 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement.

  • Employer Compensation Upon Separation An Employee, upon her separation from employment, shall compensate the Employer for vacation which was taken but to which she was not entitled.

  • Eligibility for Employer Contribution This section describes eligibility for an Employer Contribution toward the cost of coverage.

  • Full Employer Contribution - Basic Eligibility Employees covered by this Agreement who are scheduled to work at least seventy-five (75) percent of the time are eligible for the full Employer Contribution. This means:

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Partial Employer Contribution - Basic Eligibility The following employees covered by this Agreement receive the full Employer Contribution for basic life coverage, and at the employee's option, a partial Employer Contribution for health and dental coverages if they are scheduled to work at least fifty (50) percent but less than seventy-five (75) percent of the time. This means:

  • Elective Deferrals An Employee will be eligible to become a Contributing Participant in the Plan (and thus be eligible to make Elective Deferrals) and receive Matching Contributions (including Qualified Matching Contributions, if applicable) after completing 1 (enter 0, 1 or any fraction less than 1) Years of Eligibility Service.

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