Fixed Annual Company Contribution. (a) The fixed annual Company contribution will be two percent (2%) of each eligible employee’s annual base pay, and will be payable during the first quarter of the following calendar year. Annual base pay is comprised of any pay an employee receives from the Company as base wages, not exceeding 40 hours in a calendar week, during a calendar year.
Fixed Annual Company Contribution i. The fixed annual Company contribution will be two percent (2%) of each eligible employee’s annual base pay, and will be payable during the first quarter of the following calendar year. Annual base pay is comprised of 1 This Paragraph 2 also includes former Frontier employees who are re-hired after April 19, 2013, with prior Vesting or Accredited Service in the applicable Plan for Employees’ Pensions for the employee’s local contract who meet all eligibility requirements to resume participation in the applicable Plan for Employees’ Pensions for the employee’s local contract. 2 This Paragraph 3 does not include former Frontier employees who are re-hired after April 19, 2013, with prior Vesting or Accredited Service in the applicable Plan for Employees’ Pensions for the employee’s local contract who meet all eligibility requirements to resume participation in the applicable Plan for Employees’ Pensions for the employee’s local contract. any pay an employee receives from the Company as base wages, not exceeding 40 hours in a calendar week, during a calendar year.
Fixed Annual Company Contribution i. The fixed annual Company contribution will be two percent (2%) of each eligible employee’s annual base pay and will be payable during the first quarter of the following calendar year. Annual base pay is comprised of any pay an employee receives from the Company as base wages, not exceeding 40 hours in a calendar week, during a calendar year. 1 This Paragraph 2 also includes former Frontier employees who are re-hired after April 19, 2013, with prior Vesting or Accredited Service in the applicable Plan for Employees’ Pensions for the employee’s local contract who meet all eligibility requirements to resume participation in the applicable Plan for Employees’ Pensions for the employee’s local contract. 2 This Paragraph 3 does not include former Frontier employees who are re-hired after April 19, 2013, with prior Vesting or Accredited Service in the applicable Plan for Employees’ Pensions for the employee’s local contract who meet all eligibility requirements to resume participation in the applicable Plan for Employees’ Pensions for the employee’s local contract.
