Common use of Employee Savings Plan Clause in Contracts

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 70 – 74 2% 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.

Appears in 2 contracts

Samples: Letter of Agreement, Letter of Agreement

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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 70 – 74 2% 75 – 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.

Appears in 2 contracts

Samples: Agreement, Agreement

Employee Savings Plan. Section 16.7 8.4 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 70 – 74 2% 75 – 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 includingAgreement, including but not limited to, 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.. PENSION PLAN‌

Appears in 1 contract

Samples: www.cwadistrict7.org

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 70 – 70-74 2% 75 – 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.

Appears in 1 contract

Samples: Agreement

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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 MediaThryv, 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 70 – 74 2% 75 – 75-84 4% 85 or more 6% The Company reserves the right to change or modify the Dex MediaThryv, 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.

Appears in 1 contract

Samples: Agreement

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