Investment of Employer Credits Sample Clauses

Investment of Employer Credits. The portion of a Participant’s Deferred Compensation Account attributable to Employer Credits will be deemed to be invested solely in shares of Company common stock (the “Stock”). Distributions of the Participant’s Deferred Compensation Account balance attributable to Employer Credits will be made in Stock. A Participant may not elect to diversify the portion of his Deferred Compensation Account attributable to Employer Credits. As soon as administratively possible following the last day of each calendar quarter the Company shall transfer to the trustee of the Trust either shares of Stock or cash equal to the amount of the Employer Credits for the quarter. If the company transfers cash, the trustee shall purchase shares of Stock on the open market as soon as administratively possible following the last business day of each calendar quarter. Shares of Stock shall be issued in the name of the trustee of the Trust. During the period Stock is held by the Trust, Participants will not have the right to vote such shares of Stock and the Participant will not have any other incidents of ownership or rights as a shareholder with respect to such Stock. XxxxXxxxx Energy, Inc. Executive Nonqualified Excess Plan Exhibit D Section 7.4 shall be deleted from the Plan as the Company shall not have the discretion to distribute de minimis accounts. XxxxXxxxx Energy. Inc. Executive Nonqualified Excess Plan Exhibit E
Sample 1
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Related to Investment of Employer Credits

  • Distributions on Account of Separation from Service If and to the extent required to comply with Section 409A, no payment or benefit required to be paid under this Agreement on account of termination of the Executive’s employment shall be made unless and until the Executive incurs a “separation from service” within the meaning of Section 409A.

  • Deferred Compensation Account All Participant Deferral Credits and Employer Credits shall be credited to the Deferred Compensation Account of the Participant as provided in Section 8.

  • Retirement Accounts With respect to certain retirement plans or accounts (such as individual retirement accounts (“IRAs”), SIMPLE IRAs, SEP IRAs, Xxxx IRAs, Education IRAs, and 403(b) Plans (such accounts, “Retirement Accounts”), the Transfer Agent, at the request and expense of the Fund, provide or arrange for the provision of various services to such plans and/or accounts, which services may include custodial agent services such as account set-up maintenance, and disbursements as well as such other services as the parties hereto shall mutually agree upon.

  • 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.

  • Employer Contributions If Employer contributions are permitted, complete (a) and/or (b). Otherwise complete (c).

  • Compensation of Employees Compensate its employees for services rendered at an hourly rate at least equal to the minimum hourly rate prescribed by any applicable federal or state law or regulation.

  • Termination of Employees At closing the Vendor will terminate the employment of all employees to whom the Purchaser has made an offer of employment under section 8.1 and will indemnify and save harmless the Purchaser from and against all claims by any employee of the Vendor for wages, salaries, bonuses, pension or other benefits, severance pay, notice or pay in lieu of notice and holiday pay in respect of any period before closing.

  • Employer Profit Sharing Contributions An Employee will be eligible to become a Participant in the Plan for purposes of receiving an allocation of any Employer Profit Sharing Contribution made pursuant to Section 10 of the Adoption Agreement after completing ________ (enter 0, 1, 2 or any fraction less than 2)

  • Qualified Matching Contributions If selected below, the Employer may make Qualified Matching Contributions for each Plan Year (select all those applicable):

  • Investment Credits The total fees due to the Transfer Agent from all funds affiliated with the Fund shall be reduced by an amount equal to the investment income earned by the Transfer Agent, if any, on the balances of the disbursement accounts for those funds. Such credits shall first be allocated to the Institutional Class, if any, of a Portfolio based upon the number of accounts holding shares of such Class relative to the total number of accounts holding all Classes of shares in the Portfolio. The Portfolio’s remaining fiscal year-to-date credits shall be allocated among accounts holding Class X, X0, X0, X, X0, X, X0, P, R, R5, S, Y, Invesco Cash Reserve and Investor Class Shares, as applicable, on the basis of fiscal year-to-date average net assets.

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