Employer Election Clause Samples

The Employer Election clause grants the employer the right to make specific choices or decisions within the scope of the contract. Typically, this may involve selecting between alternative methods of performance, determining the timing of certain actions, or choosing whether to exercise particular contractual rights. By clearly outlining the employer's authority to elect among options, this clause ensures flexibility for the employer while providing clarity to both parties about how such decisions will be made and implemented.
Employer Election. Permits the Employer to make change payment elections.
View SourceView Similar (9)
Employer Election. The Plan Administrator may elect, in any Plan Year, to treat all or a part of the Employer’s Matching Contributions for such Plan Year as a Qualified Matching Contribution subject to the restrictions of this Section 3.11.
View SourceView Similar (5)
Employer Election. The Employer in its 401(k) Adoption Agreement in which the Employer has elected to permit R▇▇▇ Deferrals also will elect whether to permit an In-Plan R▇▇▇ Rollover Contribution in accordance with this Section 3.08(E). If the Employer elects to permit such contributions, the Employer in its Adoption Agreement will specify the Effective Date thereof which may not be earlier than September 28, 2010 with regard to IRRs and may not be earlier than January 1, 2013 with regard to IRTs.
View SourceView Similar (2)
Employer Election. Employee investment direction, as provided in Section 10.01 of the Plan: ( )is permitted. ( )is not permitted.
View Source
Employer Election. Hardship withdrawals, as described in Section 9.04: ( )are permitted. 45
View Source
Employer Election. The Employer must make an initial payment election as to a Participant at the time that the Employer grants a Legally Binding Right to Deferred Compensation to the Participant, or, if later, by the time that the Participant would have had to make such election, if the Plan had permitted the Participant to make such an election. In the case of a newly eligible Participant or a new Plan described under Section 2.02(B)(2), the Employer must make the initial payment election no later than 30 days after the date the Employee or Contractor becomes a Participant and the proration provisions of Section 2.02(B)(2)(c) do not apply to such Employer election.
View Source
Employer Election. The Employer in its Adoption Agreement in which the Employer has elected to permit ▇▇▇▇ Deferrals also will elect whether to permit an In-Plan ▇▇▇▇ Rollover Contribution in accordance with this Section 3.08(E) with regard to otherwise distributable amounts and/or otherwise nondistributable amounts. If the Employer elects to permit In-Plan ▇▇▇▇ Rollover Contributions, the Employer in its Adoption Agreement will specify the Effective Date thereof which may not be earlier than distributions made after September 27, 2010, and may not be earlier than January 1, 2013 in the case of rollovers of otherwise nondistributable amounts.
View Source
Employer Election. The Employer in its Adoption Agreement in which the Employer has elected to permit ▇▇▇▇ Deferrals also will elect whether to permit an In-Plan ▇▇▇▇ Rollover Contribution in accordance with this Section with regard to otherwise distributable amounts and/or otherwise nondistributable amounts. If the Employer elects to permit such contributions, the Employer in its Adoption Agreement will specify the Effective Date thereof which may not be earlier than distributions made after September 27, 2010, and may not be earlier than January 1, 2013 in the case of rollovers of otherwise nondistributable amounts. An In-Plan ▇▇▇▇ Rollover Contribution means a Rollover Contribution to the Plan that consists of a distribution or transfer from a Participant's Plan Account, other than a ▇▇▇▇ Deferral Account, that the Participant transfers to the Participant's In-Plan ▇▇▇▇ Rollover Contribution Account in the Plan, in accordance with Code
View Source

Related to Employer Election

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law. (b) It is understood that the administrative intent of this Article is that the Employer contribution is made for individuals who are participants in the medical insurance coverages. Participation will mean that eligible less-than-full-time employees who drop out of coverage will be considered to participate. Additionally, employees who elect to opt out of coverage for a cash incentive will be considered to participate.

  • Eligibility for Employer Contribution This section describes eligibility for an Employer Contribution toward the cost of coverage.

  • 83(b) Election You may make and file with the Internal Revenue Service an election under Section 83(b) of the Code with respect to the grant of the Restricted Shares hereunder, electing to include in your gross income as of the Grant Date the Fair Market Value of the Restricted Shares as of the Grant Date. You shall promptly provide a copy of such election to the Company. If you make and file such an election, you shall make such arrangements in accordance with Section 8 as are satisfactory to the Committee to provide for the timely payment of all applicable withholding taxes.

  • Deferral Election A Participant may elect to defer all or a specified percentage of the Compensation earned in a Plan Year by such Participant for serving as a member of the Board of any Participating Fund or as a member of any committee or subcommittee thereof. Reimbursement of expenses of attending meetings of the Board, committees of the Board or subcommittees of such committees may not be deferred. Such election shall be made by executing before the first day of such Plan Year such election notice as the Administrator may prescribe; provided, however, that upon first becoming eligible to participate in the Plan by reason of appointment to a Board, a Participant may file a Deferral Election not later than 30 days after the effective date of such appointment, which election shall apply to Compensation earned in the portion of the Plan Year commencing the day after such election is filed and ending on the last day of such Plan Year.

  • Maintaining Eligibility for Employer Contribution The employer's contribution continues as long as the employee remains on the payroll in an insurance eligible position. Employees who complete their regular school year assignment shall receive coverage through August 31.