Common use of Elective Contributions Clause in Contracts

Elective Contributions. An employee covered by this Agreement may elect to request that an Employer make elective deferral contributions to xxx Xxxxxxxxxx of Western Washington Individual Account Pension Plan through a prospective reduction in such employee’s wages. Such elective deferral contributions shall be fully vested at all times. Applications for elective deferral contributions shall be submitted to the Trust Fund in accordance with administrative procedures and election periods that are consistent with the Plan document and approved by the Trustees. Elective deferral contribution requests shall be in writing on a form approved by the Trust Fund. Upon notification by the Trust Fund to the Employer of an elective deferral contribution request, the Employer shall withhold the specified amounts from the employee’s wages unless and until notified by the employee or Trust Fund of a change in the employee’s election that was made pursuant to the Trust Fund’s administrative procedures. Notwithstanding an employee’s election, all premium rates (foremen differentials, overtime, etc.) shall be calculated prior to the reduction for the employee’s elective deferral contributions. Notwithstanding any provision herein to the contrary, the contribution levels to the Plan provided herein shall not cause the Plan to be in violation of Section 415 of the Internal Revenue Code (and any other sections of the Code); if necessary, adjustments to the contribution rates shall be agreed to by the Union and contributing Employers to comply with the Code. This subsection (b) supersedes the Memorandum of Understanding between the parties that had an effective date of January 1, 2014.

Appears in 7 contracts

Samples: Agreement, – 2024 Agreement, Agreement

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Elective Contributions. An employee Employee covered by this Agreement may elect to request that an Employer make elective deferral contributions to xxx Xxxxxxxxxx of the Western Washington Individual Account Pension Plan through a prospective reduction in such employee’s wages. Such elective deferral contributions shall be fully vested at all times. Applications for elective deferral defer contributions shall be submitted to the Trust Fund in accordance with administrative procedures and election periods that are consistent with the Plan document and approved by the Trustees. Elective deferral contribution requests shall be in writing on a form approved by the Trust Fund. Upon notification by the Trust Fund to the Employer of an elective deferral contribution request, the Employer shall withhold the specified amounts from the employee’s wages unless and until notified by the employee or Trust Fund of a change in the employee’s election that was made pursuant to the Trust Fund’s administrative procedures. Notwithstanding an employee’s election, all premium rates (foremen differentials, overtime, etc.) shall be calculated prior to the reduction for the employee’s elective deferral contributions. Notwithstanding any provision provisions herein to the contrary, the contribution levels to the Plan provided herein shall not cause the Plan to be in violation of Section 415 of the Internal Revenue Code (and any other sections of the Code); if necessary, adjustments to the contribution contributions rates shall be agreed to by the Union and contributing Employers to comply with the Code. This subsection (b) supersedes the Memorandum of Understanding between the parties that had an effective date of January 1, 2014.

Appears in 4 contracts

Samples: finishingcontractors.org, iupatdc5.org, iupatdc5.org

Elective Contributions. An employee covered by this Agreement may elect to request that an Employer make elective deferral contributions to xxx Xxxxxxxxxx of Western Washington Individual Individ- ual Account Pension Plan through a prospective reduction in such employee’s wages. Such elective elec- tive deferral contributions shall be fully vested at all times. Applications for elective deferral contributions shall be submitted to the Trust Fund in accordance accor- dance with administrative procedures and election elec- tion periods that are consistent with the Plan document doc- ument and approved by the Trustees. Elective deferral contribution requests shall be in writing on a form approved by the Trust Fund. Upon notification by the Trust Fund to the Employer of an elective deferral contribution request, the Employer Em- ployer shall withhold the specified amounts from the employee’s wages unless and until notified by the employee or Trust Fund of a change in the employee’s election that was made pursuant to the Trust Fund’s administrative procedures. Notwithstanding an employee’s election, all premium pre- mium rates (foremen differentials, overtime, etc.) shall be calculated prior to the reduction for the employee’s elective deferral contributions. Notwithstanding any provision herein to the contrarycon- trary, the contribution levels to the Plan provided herein shall not cause the Plan to be in violation of Section 415 of the Internal Revenue Code (and any other sections of the Code); if necessary, adjustments ad- justments to the contribution rates shall be agreed to by the Union and contributing Employers to comply with the Code. This subsection (b) supersedes the Memorandum of Understanding between the parties that had an effective date of January 1, 2014.

Appears in 3 contracts

Samples: Agreement, Agreement, Agreement

Elective Contributions. An employee covered by this Agreement may elect to request that an Employer make elective elec- tive deferral contributions to xxx Xxxxxxxxxx of Western Washington Individual Account Pension Plan through a prospective reduction in such employee’s wageswages . Such elective deferral contributions shall be fully vested at all timestimes . Applications for elective deferral contributions shall be submitted to the Trust Fund in accordance with administrative procedures and election periods that are consistent with the Plan document and approved by the TrusteesTrustees . Elective deferral contribution requests shall be in writing on a form approved by the Trust FundFund . Upon notification by the Trust Fund to the Employer of an elective deferral defer- ral contribution request, the Employer shall withhold the specified amounts from the employee’s wages unless and until notified by the employee or Trust Fund of a change in the employee’s election that was made pursuant to the Trust Fund’s administrative proceduresprocedures . Notwithstanding an employee’s election, all premium rates (foremen fore- men differentials, overtime, etcetc .) shall be calculated prior to the reduction re- duction for the employee’s elective deferral contributionscontributions . Notwithstanding any provision herein to the contrary, the contribution contribu- tion levels to the Plan provided herein shall not cause the Plan to be in violation of Section 415 of the Internal Revenue Code (and any other sections of the Code); if necessary, adjustments to the contribution rates shall be agreed to by the Union and contributing Employers to comply with the Code. This subsection (b) supersedes the Memorandum of Understanding between the parties that had an effective date of January 1, 2014Code .

Appears in 2 contracts

Samples: Agreement, Agreement

Elective Contributions. An employee covered by this Agreement may elect to request that an Employer make elective deferral contributions to xxx Xxxxxxxxxx of Western Washington Individual Account Pension Plan through a prospective reduction in such employee’s wages. Such elective deferral contributions shall be fully vested at all times. Applications for elective deferral contributions shall be submitted to the Trust Fund in accordance with administrative procedures and election periods that are consistent with the Plan document and approved by the Trusteestrustees. Elective deferral contribution requests shall be in writing on a form approved by the Trust Fund. Upon notification by the Trust Fund to the Employer of an elective deferral contribution request, the Employer shall withhold the specified amounts from the employee’s wages unless and until notified by the employee or Trust Fund of a change in the employee’s election that was made pursuant to the Trust Fund’s administrative procedures. Notwithstanding an employee’s election, all premium rates (foremen differentials, overtime, etc.) shall be calculated prior to the reduction for the employee’s elective deferral contributions. Notwithstanding any provision herein to the contrary, the contribution levels to the Plan provided herein shall not cause the Plan to be in violation of Section 415 of the Internal Revenue Code (and any other sections of the Code); if necessary, adjustments to the contribution rates shall be agreed to by the Union and contributing Employers to comply with the Code. This subsection (b) supersedes the Memorandum of Understanding between the parties that had an effective date of January 1, 2014.

Appears in 2 contracts

Samples: 2018 Agreement, 2018 Agreement

Elective Contributions. An employee covered by this Agreement may elect to request that an Employer make elective deferral contributions to xxx Xxxxxxxxxx of Western Washington Individual Account Pension Plan through a prospective reduction in such employee’s wages. Such elective deferral contributions shall be fully vested at all times. Applications for elective deferral contributions shall be submitted to the Trust Fund in accordance with administrative procedures and election periods that are consistent with the Plan document and approved by the Trustees. Elective deferral contribution requests shall be in writing on a form approved by the Trust Fund. Upon notification by the Trust Fund to the Employer of an elective deferral contribution request, the Employer shall withhold the specified amounts from the employee’s wages unless and until notified by the employee or Trust Fund of a change in the employee’s election that was made pursuant to the Trust Fund’s administrative procedures. Notwithstanding an employee’s election, all premium rates (foremen differentials, overtime, etc.) shall be calculated prior to the reduction for the employee’s elective deferral contributions. Notwithstanding any provision herein to the contrary, the contribution levels to the Plan provided herein shall not cause the Plan to be in violation of Section 415 of the Internal Revenue Code (and any other sections of the Code); if necessary, adjustments to the contribution rates shall be agreed to by the Union and contributing Employers to comply with the Code. This subsection (b) supersedes the Memorandum of Understanding between the parties that had an effective date of January 1, 2014.

Appears in 2 contracts

Samples: Agreement, Agreement

Elective Contributions. An employee covered by this Agreement may elect to request that an Employer make elective deferral contributions to xxx Xxxxxxxxxx of Western Washington Individual Account Pension Plan through a prospective reduction in such employee’s wages. Such elective deferral contributions shall be fully vested at all times. Applications for elective deferral contributions shall be submitted to the Trust Fund in accordance with administrative procedures and election periods that are consistent with the Plan document and approved by the Trustees. Elective deferral contribution requests shall be in writing on a form approved by the Trust Fund. Upon notification by the Trust Fund to the Employer of an elective deferral contribution request, the Employer shall withhold the specified amounts from the employee’s wages unless and until notified by the employee or Trust Fund of a change in the employee’s election that was made pursuant to the Trust Fund’s administrative procedures. Notwithstanding an employee’s election, all premium rates (foremen differentials, overtime, etc.) shall be calculated prior to the reduction for the employee’s elective deferral contributions. Notwithstanding any provision herein to the contrary, the contribution levels to the Plan provided herein shall not cause the Plan to be in violation of Section 415 of the Internal Revenue Code (and any other sections of the Code); if necessary, adjustments to the contribution rates shall be agreed to by the Union and contributing Employers to comply with the Code. This subsection (bb)(2) supersedes the Memorandum of Understanding between the parties that had an effective date of January 1, 2014.

Appears in 1 contract

Samples: www.nwcarpenters.org

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Elective Contributions. An employee covered by this Agreement may elect to request that an Employer make elective deferral contributions to xxx Xxxxxxxxxx of Western Washington Individual Individ- ual Account Pension Plan through a prospective reduction in such employee’s wages. Such elective elec- tive deferral contributions shall be fully vested at all times. Applications for elective deferral contributions shall be submitted to the Trust Fund in accordance accor- dance with administrative procedures and election elec- tion periods that are consistent with the Plan document doc- ument and approved by the Trustees. Elective deferral contribution requests shall be in writing on a form approved by the Trust Fund. Upon notification by the Trust Truzt Fund to the Employer of an elective deferral contribution request, the Employer shall Em- ployer zhall withhold the specified amounts zpecified amountz from the employee’s wages unless employee’z wagez unlezz and until notified by the employee or Trust Fund of a change in the employee’s election that was made pursuant to the Trust Fund’s administrative procedures. Notwithstanding Notwithztanding an employee’s employee’z election, all premium pre- mium rates (foremen differentials, overtime, etc.) shall be calculated prior to the reduction for the employee’s elective deferral contributions. Notwithstanding Notwithztanding any provision provizion herein to the contrarycon- trary, the contribution levels to the Plan provided herein shall not cause the Plan to be in violation of Section 415 4l5 of the Internal Revenue Code (and any other sections of the Code); if necessary, adjustments ad- justments to the contribution rates shall be agreed to by the Union and contributing Employers to comply with the Code. This subsection (b) supersedes the Memorandum of Understanding between the parties that had an effective date of January 1l, 201420l4.

Appears in 1 contract

Samples: Agreement

Elective Contributions. An employee covered by this Agreement may elect to request that an Employer make elective deferral contributions to xxx Xxxxxxxxxx of Western Washington Individual Individ- ual Account Pension Plan through a prospective reduction in such employee’s wages. Such elective elec- tive deferral contributions shall be fully vested at all times. Applications for elective deferral contributions shall be submitted to the Trust Fund in accordance accor- dance with administrative procedures and election elec- tion periods that are consistent with the Plan document doc- ument and approved by the Trustees. Elective deferral contribution requests shall be in writing on a form approved by the Trust Fund. Upon notification by the Trust Truzt Fund to the Employer of an elective deferral contribution request, the Employer shall Em- ployer zhall withhold the specified amounts zpecified amountz from the employee’s wages unless employee'z wagez unlezz and until notified by the employee or Trust Fund of a change in the employee’s election that was made pursuant to the Trust Fund’s administrative procedures. Notwithstanding Notwithztanding an employee’s employee'z election, all premium pre- mium rates (foremen differentials, overtime, etc.) shall be calculated prior to the reduction for the employee’s elective deferral contributions. Notwithstanding Notwithztanding any provision provizion herein to the contrarycon- trary, the contribution levels to the Plan provided herein shall not cause the Plan to be in violation of Section 415 4l5 of the Internal Revenue Code (and any other sections of the Code); if necessary, adjustments ad- justments to the contribution rates shall be agreed to by the Union and contributing Employers to comply with the Code. This subsection (b) supersedes the Memorandum of Understanding between the parties that had an effective date of January 1l, 201420l4.

Appears in 1 contract

Samples: Agreement

Elective Contributions. An employee covered by this Agreement may elect to request that an Employer make elective deferral contributions to xxx Xxxxxxxxxx of Western Washington Individual Account Pension Plan through a prospective reduction in such employee’s wages. Such elective deferral contributions shall be fully vested at all times. Applications for elective deferral contributions shall be submitted to the Trust Fund in accordance with administrative procedures and election periods that are consistent with the Plan document and approved by the Trustees. Elective deferral contribution requests shall be in writing on a form approved by the Trust Fund. Upon notification by the Trust Fund to the Employer of an elective deferral contribution request, the Employer shall withhold the specified amounts from the employee’s wages unless and until notified by the employee or Trust Fund of a change in the employee’s election that was made pursuant to the Trust Fund’s administrative procedures. Notwithstanding an employee’s election, all premium rates (foremen differentials, overtime, etc.) shall be calculated prior to the reduction for the employee’s elective deferral contributions. Notwithstanding any provision provisions herein to the contrary, the contribution levels to the Plan provided herein shall not cause the Plan to be in violation of Section 415 of the Internal Revenue Code (and any other sections of the Code); if necessary, adjustments to the contribution contributions rates shall be agreed to by the Union and contributing Employers to comply with the Code. This subsection (b) supersedes the Memorandum of Understanding between the parties that had an effective date of January 1, 2014.

Appears in 1 contract

Samples: Agreement

Elective Contributions. An employee covered by this Agreement may elect to request that an Employer make elective deferral contributions to xxx Xxxxxxxxxx of Western Washington Individual Account Pension Plan through a prospective reduction in such employee’s wages. Such elective deferral contributions shall be fully vested at all times. Applications for elective deferral contributions shall be submitted to the Trust Fund in accordance with administrative procedures and election periods that are consistent with the Plan document and approved by the Trustees. Elective deferral contribution requests shall be in writing on a form approved by the Trust Fund. Upon notification by the Trust Fund to the Employer of an elective deferral contribution request, the Employer shall withhold the specified amounts from the employee’s 's wages unless and until notified by the employee or Trust Fund of a change in the employee’s election that was made pursuant to the Trust Fund’s administrative procedures. Notwithstanding an employee’s election, all premium rates (foremen differentials, overtime, etc.) shall be calculated prior to the reduction for the employee’s elective deferral contributions. Notwithstanding any provision provisions herein to the contrary, the contribution levels to the Plan provided herein shall not cause the Plan to be in violation of Section 415 of the Internal Revenue Code (and any other sections of the Code); if necessary, adjustments to the contribution contributions rates shall be agreed to by the Union and contributing Employers to comply with the Code. This subsection (b) supersedes the Memorandum of Understanding between the parties that had an effective date of January 1, 2014.

Appears in 1 contract

Samples: Agreement

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