Eligibility for contributions. Employees of the Adopting Employer will be eligible to receive employer contributions when the following requirements are met:
Eligibility for contributions. (a) If any regular, full-time employee who works regularly five (5) days a week, is laid off, but has worked at least five (5) days of the calendar month during which the layoff occurred, the Employer will pay the contributions due for that month to each of the respective Trust Funds.
Eligibility for contributions. Eligible employees participate in the 401(k) Plan and are eligible to make elective deferral contributions as of the first day of the month after completing 3 months of service. Participants are eligible for matching and non-elective contributions as of the first day of the first, fourth, seventh, or tenth month of the Plan Year coinciding with or next following the date they complete one year of service. Service with Bangor Hydro and MPS is credited under the Plan for participation and vesting. Employees excluded from participation include leased employees, non-resident aliens with no U.S. source income, and Term Employees.
Eligibility for contributions. A. Salary reduction contributions Employees may make salary reduction contributions to the Plan in accordance with the following provisions (please select one): No salary reduction contributions are permitted. All Employees are permitted to make salary reduction contributions. Only those Employees meeting the eligibility requirements for Employer Contributions (described in Item III.B. below) may make salary reduction contributions. If the Employer elects to permit Salary Reduction Contributions, all such contributions must be made pursuant to a written, legally binding agreement between the Adopting Employer and the Employee and shall apply only with respect to compensation for services rendered to the Adopting Employer by the Eligible Employee which is not currently avail- able prior to the effective date of the salary reduction agreement.
Eligibility for contributions. The Adopting Employer will make employer contributions to the Plan in accordance with the following provisions: All Employees are eligible to receive the employer contributions described in Item VI. An Employee will be eligible to participate if the employee's customary weekly employment is more than hours per week. The following Employees (or classifications of Employees) are eligible to receive the employer contributions described in Item VI (please describe). The Adopting Employer is responsible for determining whether an individual meets the requirements specified above.
Eligibility for contributions. An employee is eligible for School District contributions as provided in the Article on the first day of the new month after the first day the employee reports for work and shall remain eligible until and unless one of the following conditions exist:
Eligibility for contributions. The Adopting Employer may allow Employees to voluntarily make contributions from their own income into the Plan. All employee contributions will be considered pre-tax, Salary Reduction Contributions, unless the Adopting Employer elects to allow employees to make after-tax, Xxxx Contributions.
Eligibility for contributions. A teacher is eligible for School District contributions as provided in this Article once the teacher has reported for work and shall remain eligible for as long as the teacher has received compensation (Wage) during the preceding three (3) months. All District contributions shall cease effective upon the employee's last working day. The District shall continue insurance contributions during the months of June, July and August for those teachers who resign or retire from the district but fulfill the terms of their individual contract.
