Employer Matching Sample Clauses

Employer Matching. Contributions (fill in 1 or 6 as applicable; and if you select 1, then choose 2, 3, 4 or 5): 1. The Employer matching contributions under 2, 3, 4 or 5 below shall be based on the Member's contributions (both pre-tax deferrals and after-tax contributions) not in excess of ______ % (1-20 but not in excess of the percentage specified in A.1. above) of the Member's Salary. 2. The Employer shall allocate to each contributing --- Member's Account an amount equal to ____% (not to exceed 200%) of the Member's contributions (both pre-tax deferrals and after-tax contributions) for that month (as otherwise limited in accordance with C.1. above). 3. The Employer shall allocate to each contributing --- Member's Account an amount based on the Member's contributions for the month (as otherwise limited in accordance with C.1. above) and determined in accordance with the following schedule: Years of Employment Matching % ------------------- ---------- Less than 3 50% At least 3, but less than 5 75% 5 or more 100% 4. The Employer shall allocate to each contributing --- Member's Account an amount based on the Member's contributions for the month (as otherwise limited in accordance with C.1. above) and determined in accordance with the following schedule: Years of Employment Matching % ------------------- ---------- Less than 3 100% At least 3, but less than 5 150% 5 or more 200% 5. The Employer shall allocate to each contributing --- Member's Account an amount equal to ____% on the first ____% of the Member's monthly contributions plus ____% on the next ____% of the Member's monthly contributions. 6. X No Employer matching contributions will be made to --- the Plan.
Sample 1Sample 2See All (6)
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Employer Matching. Contributions (fill in 1 or 6 as applicable; and if you select 1, then choose 2, 3, 4 or 5): 1. The Employer matching contributions under 2, 3, 4 or 5 below shall be based on the Member's contributions (both pre-tax deferrals and after-tax contributions) not in excess of 6% (1-20 but not in excess of the ---- percentage specified in A.1. above) of the Member's Salary.
Sample 1Sample 2See All (4)
Employer Matching. Contributions --- ------------------------------- Subject to the provisions of Article 5, the Employer shall contribute to the Trustee an amount referred to as Employer Matching Contributions, the amount of which shall be a percentage of each Depositing Participant's Participant Elected Contributions (subject to any adjustment in such Participant Elected Contributions as required under Article 5) in accordance with the formula provided in the Instrument of Adoption applicable to such
Sample 1
Employer Matching. Contributions As of the last day of each Fiscal Year, the Employer and Member Employers may make a matching contribution to the Trust which, when combined with amounts in Limitation Accounts under Article 5, shall be sufficient, in total, to provide an allocation equal to 50% of the salary deferral contributions made for each Eligible Participant provided that the matching contribution for each Eligible Participant shall not exceed $600 in any Fiscal Year. Such matching contribution may, at the discretion of the Board, be changed to any amount, including zero. Effective July 1, 1994, the match amount shall change to an amount equal to 66-2/3% of the salary deferral contributions made for each Eligible Participant, provided that the matching contribution for each Eligible Participant shall not exceed $800 in any Fiscal Year.
Sample 1
Employer Matching. To the extent provided in the Adoption Agreement, and subject to the limitation on Annual Additions as described in Article V of the Plan, for any Plan Year, the Employer shall contribute to the Plan on behalf of each eligible Participant an amount, in the form of "Matching Contributions", equal to a percentage of such Participant's Elective Deferral Contributions and/or Voluntary Employee Contributions. Separate subaccounts shall be established to account for and distinguish Matching Contributions made on account of Elective Deferral Contributions and Voluntary Employee Contributions. Matching Contributions made to such subaccount on behalf of a Participant, as adjusted for withdrawals thereof, investment gain and losses, and income or expenses, shall constitute such Participant's Employer Matching Contributions Account. A Participant's eligibility to share in Employer Matching Contributions for a Plan Year shall be determined in accordance with the Adoption Agreement. To the extent provided in the Adoption Agreement, any Matching Contributions made under this Section 3.2(a) on behalf of such Participant during the Plan Year, which are attributable to Excess Deferrals, shall be deemed forfeited. Matching Contributions shall be vested in accordance with Section 6(d)(2) of the Adoption Agreement. In any event, Matching Contributions shall be fully vested at Normal Retirement Age, upon the complete or partial termination of the profit sharing plan, or upon the complete discontinuance of Employer contributions. Matching Contributions attributable to excess deferrals will be forfeited and applied in the same manner as forfeitures under Section 8(b) of the Adoption Agreement.
Sample 1
Employer Matching. Contributions. To become eligible, an employee must complete (choose one): (a) No minimum service required. X _____ (b) One 6-month Eligibility Period.
Sample 1
Employer Matching. Contributions will be made as of a date (the "Matching Contribution Allocation Date") for all Participants for whom Salary Reduction Contributions were made during the period ending on that Matching Contribution Allocation Date. The Matching Contribution Allocation Date will be the last day of each payroll period, unless it is elected in the Adoption Agreement that the Matching Contribution Allocation Date will be the last day of each calendar quarter or of the Plan Year. In each case, the period for whom the Employer Matching Contribution is made will be the "Matching Contribution Allocation Period."
Sample 1
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Employer Matching. Contributions will be allocated to each Participant who was employed by an Employer on the Matching Contribution Allocation Date, except to the extent it is elected in the Adoption Agreement to apply one or more of the following rules: (i) Participant (not including Participant whose Termination Date was because of retirement, death, or Disability) must be employed by the Employer on the Matching Contribution Allocation Date. (ii) If the Matching Contribution Allocation Period is the Plan Year, a Participant (including, to the extent elected in the Adoption Agreement, a Participant whose Termination Date because of retirement, death, or Disability occurred before the last day of the Plan Year) must be credited with at least 1,000 Hours of Service in the Plan Year.3 (iii) Employer Matching Contributions will be allocated to any Participant who was employed for at least one day during the Matching Contribution Allocation Period.
Sample 1

Related to Employer Matching

  • Employer Contributions 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement. 8.2 Contributions shall be recorded on a remittance form and remitted to the designated recipient of such contributions on or before the fifteenth (15) day of the month following the month for which contributions are to be made. In the event that any Employer is delinquent in his contributions to the above funds for more than thirty (30) days, the Employer and the Association shall be notified of such delinquency. If after five (5) days from such notice such delinquency has not been paid, the Employer shall pay to the applicable funds, as liquidated damages and not as a penalty, an amount equal to ten percent (10%) of the arrears for the month, or part thereof, in which the Employer is in default. Thereafter, interest shall accumulate at the rate of two percent (2%) per month (24% per year compounded monthly) on any unpaid arrears, including liquidated damages. 8.3 The amounts to be designated as wages and/or Employer contributions to the above funds may be varied from time to time by agreement between the Association and the Union. 8.4 The Board of Trustees of the respective Trust Funds shall have authority to promulgate such agreements, plans and/or rules as may be necessary or desirable for the efficient and successful operation and administration of the said Trust Funds, including provisions for audit security, surety and/or liquidated damages to the extent that such may be necessary for the protection of the beneficiaries of such Trust Funds. 8.5 Any and all agreements, plans or rules established by the Boards of Trustees of the respective Trust Funds shall be appended hereto and shall be deemed to be part of and expressly incorporated herein and the Employer and the Union shall be bound by the terms and provisions thereof. 8.6 All employer contributions due and payable to the above funds, except industry promotion funds, shall be deemed and are considered to be Trust Funds. It is expressly understood that training funds and industry promotion funds are not wages or benefits due to an employee and industry promotion funds are dues for services rendered by the Association. 8.7 The Business Representative of the Local Union may inspect, during regular business hours, the Company's record of time worked by employees and contributions to the plan. 8.8 The Employer shall be responsible for the payment of any government sales taxes applicable to any trust fund contributions payable by the Employer.

  • 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.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Elective Deferrals (a) The Committee may establish procedures pursuant to which Employee may elect to defer, until a time or times later than the vesting of a Performance Share Unit, receipt of all or a portion of the shares of Common Stock deliverable in respect of a Performance Share Unit, all on such terms and conditions as the Committee (or its designee) shall determine in its sole discretion. If any such deferrals are permitted for Employee, then notwithstanding any provision of this Agreement or the Plan to the contrary, an Employee who elects such deferral shall not have any rights as a stockholder with respect to any such deferred shares of Common Stock unless and until the date the deferral expires and certificates representing such shares are required to be delivered to Employee. The foregoing notwithstanding, no deferrals of Dividend Equivalents related to any Performance Share Units under this Award will be permitted. Moreover, the Committee further retains the authority and discretion to modify and/or terminate existing deferral elections, procedures and distribution options. (b) Notwithstanding any provision to the contrary in this Agreement, if deferral of Performance Share Units is permitted, each provision of this Agreement shall be interpreted to permit the deferral of compensation only as allowed in compliance with the requirements of Section 409A of the Internal Revenue Code and any provision that would conflict with such requirements shall not be valid or enforceable. Employee acknowledges, without limitation, and consents that application of Section 409A of the Internal Revenue Code to this Agreement may require additional delay of payments otherwise payable under this Agreement. Employee and the Company further hereby agree to execute such further instruments and take such further action as reasonably may be necessary to comply with Section 409A of the Internal Revenue Code.

  • Company Contributions The Company shall continue to make a Company Contribution for Plan Years 2017, 2018 and 2019, on the same terms and conditions set forth in the Participant Agreement, with the performance metrics and targets in connection with such Company Contributions for such Plan Years to be established in the sole discretion of the Committee, following consultation with the Chief Executive Officer of the Company.

  • Employee Contributions Any member of the bargaining unit who is hired on or after September 1, 2010 is eligible to make a voluntary contribution to the City=s Deferred Compensation Plan offered by Ameritas.

  • Participant Contributions If Participant contributions are permitted, complete (a), (b), and (c). Otherwise complete (d).

  • Voluntary Employee Contributions (i) Subject to the governing rules of the relevant superannuation fund, an employee may, in writing, authorise their employer to pay on behalf of the employee a specified amount from the post- taxation wages of the employee into the same superannuation fund as the employer makes the superannuation contributions provided for in Clause 24(b). (ii) An employee may adjust the amount the employee has authorised their employer to pay from the wages of the employee from the first of the month following the giving of three months’ written notice to their employer. (iii) The employer must pay the amount authorised under Clauses 24(d)(i) or 24(d)(ii) no later than 28 days after the end of the month in which the deduction authorised under Clauses 24(d)(i) or 24(d)(ii) was made.

  • Plan Year The year for the purposes of the plan shall be from September 1 of one year, to August 31, of the following year, or such other years as the parties may agree to.

  • Deferral Account Crediting. The Company shall establish a Deferral Account on its books for the Director, and shall credit to the Deferral Account the following amounts:

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