Common use of FINAL PAY CONTRIBUTIONS Clause in Contracts

FINAL PAY CONTRIBUTIONS. (Under the Plan's definitions, Earnings automatically include leave cashouts paid by the later of 2 ½ months after severance from employment or the end of the calendar year. If the Plan will provide additional contributions based on the Participant's final paycheck attributable to Accrued Leave, please provide instructions in this section. Otherwise, leave this section blank.) The Plan will provide for Final Pay Contributions if either 1 or 2 below is selected. The following group of Employees shall be eligible for Final Pay Contributions: 1. Employees within the Covered Employment Classification identified in section V of the Adoption Agreement. [ ] 2. Other: [ ] A. Accrued unpaid vacation [ ] B. Accrued unpaid sick leave [ ] C. Accrued unpaid vacation and sick leave [ ] D. Other (insert definition of Final Pay - must be leave that Employee would have been able to use if employment had continued and must be bona fide vacation and/or sick leave):

Appears in 3 contracts

Samples: Governmental Money Purchase Plan Adoption Agreement, Governmental Money Purchase Plan Adoption Agreement, Governmental Money Purchase Plan Adoption Agreement

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FINAL PAY CONTRIBUTIONS. (Under the Plan's ’s definitions, Earnings automatically include leave cashouts paid by the later of 2 ½ months after severance from employment or the end of the calendar year. If the Plan will provide additional contributions based on the Participant's ’s final paycheck attributable to Accrued Leave, please provide instructions in this section. Otherwise, leave this section blank.) The Plan will provide for Final Pay Contributions if either 1 or 2 below is selected. The following group of Employees shall be eligible for Final Pay Contributions: 1. Employees within the Covered Employment Classification identified in section V of the Adoption Agreement. [ ] . ☐ 2. Other: [ ] . Final Pay shall be defined as (select one): ☐ A. Accrued unpaid vacation [ ] B. Accrued unpaid sick leave [ ] C. Accrued unpaid vacation and sick leave [ ] D. Other (insert definition of Final Pay - must be leave that Employee would have been able to use if employment had continued and must be bona fide vacation and/or sick leave): ☐ 1. Employer Final Pay Contribution. The Employer shall contribute on behalf of each Participant

Appears in 1 contract

Samples: Money Purchase Plan Adoption Agreement

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FINAL PAY CONTRIBUTIONS. (Under the Plan's definitions, Earnings automatically include leave cashouts paid by the later of 2 ½ months after severance from employment or the end of the calendar year. If the Plan will provide additional contributions based on the Participant's final paycheck attributable to Accrued Leave, please provide instructions in this section. Otherwise, leave this section blank.) The Plan will provide for Final Pay Contributions if either 1 or 2 below is selected. The following group of Employees shall be eligible for Final Pay Contributions: : [X] 1. Employees within the Covered Employment Classification identified in section V of the Adoption Agreement. [ ] 2. Other: [ ] A. Accrued unpaid vacation [ ] B. Accrued unpaid sick leave [ [X] C. Accrued unpaid vacation and sick leave [ ] D. Other (insert definition of Final Pay - must be leave that Employee would have been able to use if employment had continued and must be bona fide vacation and/or sick leave):

Appears in 1 contract

Samples: Governmental Money Purchase Plan Adoption Agreement

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