Employee Savings Plan. All Union Gas employees who are members of the Bargaining Unit shall be entitled to participate in the Employee Savings Plan and the employees’ participation shall be governed by the rules and regulations of the Plan, effective January 1, 2004.
Employee Savings Plan. Section 16.7 The Company agrees to provide a 401(k) savings plan for eligible employees. Employees shall be eligible to participate in the Dex Media, Inc. Employee Savings Plan as provided in the terms of the plan. Effective January 1, 2010 through December 31, 2012, each eligible Transition Group participant shall receive a Transition Contribution based on the participant’s age and Pension Calculation Service (PCS) on December 31, 2009, subject to the Section 401(a)(17) limits: Age + Years of PCS Percentage of Compensation 75-84 4% 85 or more 6% The Company reserves the right to change or modify the Dex Media, Inc. Employee Savings Plan at any time during the term of this Agreement including, but not limited to, the right to change administrators, investment options, contribution limits, matching formula, enrollment and vesting provisions, and the initial length of employment eligibility period; provided that any changed or modified plan will be the same as offered to the employees’ managers.
Employee Savings Plan. Upon your Termination Date, you have a number of withdrawal options. If your account is valued at more than $1,000 on your Termination Date, you have the option of leaving your account in the plan. If your account is valued at $1,000 or less, it will be paid to you as a mandatory lump sum cash-out. If you have an unpaid loan, you may continue to make monthly payments after your Termination Date. Fidelity will send you payment instructions approximately 4 weeks following your Termination Date. To receive Savings Plan information, call Fidelity Investments at (000) 000-0000. You may also access Savings Plan information on the internet by clicking “Access My Account” under NetBenefits at www.401k .com.
Employee Savings Plan. 5.11.1 Effective upon the date of the transfer described in Section 5.11.2, subject to the terms and conditions of this Agreement, Parent shall cause the Savings Plan for Employees of American Water Works Company, Inc. (the "American Savings Plan") to assume the liability of the Seller's 401(k) Plan for the account balances of those Transferred Employees participating in the Seller's 401(k) Plan on the Closing Date (the "Affected Participants") that are transferred to the American Savings Plan. As of the Closing Date, Affected Participants shall be 100% vested in their account balances under the Seller's 401(k) Plan. Transferred Employees shall be given credit under the American Savings Plan for service with Seller and its Affiliates for eligibility, vesting, attainment of retirement dates, contribution levels and optional forms of benefit payment, to the same extent that credit for such service has been given by Seller and its Affiliates.
Employee Savings Plan. All Enbridge Gas Inc. employees who are members of the Bargaining Unit shall be entitled to participate in the Employee Savings Plan and the employees’ participation shall be governed by the rules and regulations of the Plan, effective January 1, 2004.
Employee Savings Plan. This is an optional benefit plan which the employee may join upon employment or upon the first of any subsequent month. The employee contributes 4% of basic earnings (through 24 payroll deductions). Contributions may be directed to a Non-registered and/or Registered (RRSP) Account. Within each account, employees may choose to invest in a Savings, Equity and/or Income fund, and Guaranteed Income Certificates (GIC). Twice per calendar year, the employee can withdraw funds (which includes transfers to outside RRSP accounts), and change tax and/or investment options. If these transactions occur more than twice per calendar year, then an automatic six month suspension is applied. An employee may elect to contribute, through payroll deduction, up to an additional 10% of basic earnings. Such contributions would be administered as part of the original 4% in terms of investment income and allowable transactions.
Employee Savings Plan. The Company will establish a 401(k) type Employee Savings Plan for employees covered by this labor Agreement, subject to IRS approval, effective January 1, 1996. Employee contributions to this plan shall be limited to the same maximum as the Company’s salaried employees.
Employee Savings Plan. 14.19 55 Grievance Meetings ........................6.03 8
Employee Savings Plan. Effective January 4, 2004, all regular full-time employees and regular Continuous Part-time employees will be eligible to participate in the Employee Savings Plan as presented to the Union Negotiation Committee during discussions for renewal of the Collective Agreements that expired December 31, 2002. The Company agrees that should the Employee Savings Plan be discontinued during the term of the Collective Agreement, all regular full-time employees and regular Continuous Part-time employees will receive an increase of one and two- thirds percent (1.67%) to the rates of pay, in Appendix “A” of the Collective Agreements, that are in effect at the time of discontinuance of the Plan. For clarity, this potential increase will not apply to the Utility Labour Pool rate of pay in the Operations Collective Agreement, and to the Student rate of pay in the Operations, Office and Call Centre Collective Agreements.
Employee Savings Plan. The City agrees to provide and administer a 457 Deferred Compensation Savings Plan to give employees an opportunity to save for retirement. Effective January 14, 2019, all contributions to this Plan must be made on a percentage basis and all employees not currently participating in the Plan will be enrolled at a one (1) percent contribution rate of pre-tax earnings. At time of hire, new employees will be enrolled in the plan at a one (1) percent contribution rate of pre-tax earnings. The amount will be placed into the employee’s savings plan in each pay period. During the first full pay period of each calendar year, employees with an active deduction for the 457 Plan will have their contribution rate automatically increased by one (1) percent. Employees have the option to opt-out of the Plan at any time after enrollment. The City shall control and manage the operation and administration of the plan.
