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. 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.
5.11.2 Buyer shall deliver to Seller as soon as practicable, but in no event later than ninety (90) days after Closing (i) a certified copy of the American Savings Plan and any amendment necessary to effectuate the transfer of assets and the assumption of account balances in accordance with this Section 5.11, (ii) a certified copy of the trust agreement for the American Savings Plan; (iii) the most recent favorable determination letter from the IRS with respect to the American Savings Plan; and (iv) an opinion from Buyer's legal counsel acceptable to Seller that the American Savings Plan, as so amended, complies or will comply on a timely basis with the applicable provisions of the Code relating to the qualification of, and the transfer of assets and assumption of benefit liabilities by, the American Savings Plan. Seller shall deliver to Buyer as soon as practicable, but in no event later than ninety (90) days after Closing, an opinion from Seller's legal counsel acceptable to Buyer that the Seller's 401(k) Plan complies or will comply on a timely basis with the applicable provisions of the Code relating to the qualification of the Seller's 401(k) Plan, and the transfer of assets to, and assumptions of benefit limitations by, the American Savings Plan. As soon as practicable, but in any event within 120 days after Closing, Seller shall cause the trustee of the Seller's 401(k) Plan to transfer in cash and promissory notes representing outstanding loans to Affected Participants to the trustee of the American Savings Plan a...
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. 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.
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. 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. 14.19 55 Grievance Meetings ........................6.03 8
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.
