Interest on Employee Contributions. The Adopting Employer may elect to pay interest on any refund of Employee Contributions. Interest shall not be paid. Interest shall be paid on a refund of Employee Contributions at a rate established by GMEBS from time to time. Other rate of interest (must specify rate in a manner that satisfies the definite written program requirement of Treasury Regulation 1.401-1(a)(2) and the definitely determinable requirement of Treasury Regulation 1.401-1(b)(1)(i)):
Interest on Employee Contributions. The Adopting Employer may elect to pay interest on any refund of Employee Contributions.
Interest on Employee Contributions. The Adopting Employer may elect to pay interest on any refund of Employee Contributions. Interest shall not be paid. But see General Addendum subsections 16(i) concerning rate of interest in the event of failure to exhaust. Interest shall be paid on a refund of Employee Contributions at a rate established by GMEBS from time to time. Other rate of interest (must specify rate in a manner that satisfies the definite written program requirement of Treasury Regulation 1.401-1(a)(2) and the definitely determinable requirement of Treasury Regulation 1.401-1(b)(1)(i)):
Interest on Employee Contributions. Effective January 1, 1997, the interest rate applied to member contributions in any given year shall equal the net rate of return on Bombardier Inc.’s master trust fund during the preceding year.
Interest on Employee Contributions. Effective January 1, 1997, the interest rate applied to member contributions in any given year shall equal the net rate of return on Bombardier Inc.’s master trust fund during the preceding year. Effective June 1st, 2019, the applicable interest rate will be that of the previous year's Plan Fund as determined in accordance with the text of the Pension Plan for Hourly-Paid Employees of Airbus Canada Limited Partnership.
Interest on Employee Contributions. The Adopting Employer may elect to pay interest on any refund of Employee Contributions. Interest shall be paid on a refund of Employee Contributions at a rate established by GMEBS from time to time. If an Adopting Employer desires to amend any of its elections contained in this Adoption Agreement (or any Addendum), the Governing Authority by official action must adopt an amendment of the Adoption Agreement (or any Addendum) or a new Adoption Agreement (or Addendum) must be adopted and forwarded to the Board for approval. The amendment of the new Adoption Agreement (or Addendum) is not effective until approved by the Board and other procedures required by the Plan have been implemented. The Administrator will timely inform the Adopting Employer of any amendments made by the Board to the Plan.
Interest on Employee Contributions. The Adopting Employer may elect to pay interest on any refund of Employee Contributions. Interest shall not be paid. Interest shall be paid on a refund of Employee Contributions at a rate established by GMEBS from time to time. Other rate of interest (must specify rate in a manner that satisfies the definite written program requirement of Treasury Regulation 1.401-1(a)(2) and the definitely determinable requirement of Treasury Regulation 1.401-1(b)(1)(i)): Interest as defined in Section 2.39 of the Master Plan.
