Common use of Mandatory Contributions Clause in Contracts

Mandatory Contributions. Immediately upon commencing participation in the Savings Plan, each participant shall contribute on a pretax basis through payroll deduction, five percent (5%) of his or her Pensionable Earnings as defined in section A (9) of this Article and the Town shall contribute an amount equal to five percent (5%) of the participant’s Pensionable Earnings to the participant’s Savings Plan account.

Mandatory Contributions. Immediately upon commencing participation in the Savings Plan, each participant shall contribute on a pretax basis through payroll deduction, five percent (5%) of his or her Pensionable Earnings pensionable earnings, as defined in section A (A) (9) of if this Article Article, and the Town shall contribute an amount equal to five percent (5%) of the participant’s Pensionable Earnings pensionable earnings to the participant’s Savings Plan account.

Mandatory Contributions. Immediately upon commencing participation in the Savings Plan, each participant shall contribute on a pretax pre tax basis through payroll deduction, five percent (5%) of his or her Pensionable Earnings as defined in section A (9) of this Article base pay and the Town shall contribute an amount equal to five percent (5%) of the participant’s Pensionable Earnings base pay to the participant’s Savings Plan account.

Mandatory Contributions. Immediately upon commencing participation in the Savings Plan, each participant shall contribute on a pretax pre tax basis through payroll deduction, five percent (5%) of his or her Pensionable Earnings base pay pensionable earnings, as defined in section A (A) (9) of if this Article Article, and the Town shall contribute an amount equal to five percent (5%) of the participant’s Pensionable Earnings base pay pensionable earnings to the participant’s Savings Plan account.

Mandatory Contributions. Immediately upon commencing participation in the Savings Plan, each participant shall contribute on a pretax pre tax basis through payroll deduction, five percent (5%) of his or her Pensionable Earnings pensionable earnings, as defined in section A (A) (9) of if this Article Article, and the Town shall contribute an amount equal to five percent (5%) of the participant’s Pensionable Earnings pensionable earnings to the participant’s Savings Plan account.

Mandatory Contributions. Immediately upon commencing participation in the Savings Plan, each participant shall contribute on a pretax pre tax basis through payroll deduction, five percent (5%) of his or her base pay Pensionable Earnings as defined in section A (9) of this Article and the Town shall contribute an amount equal to five percent (5%) of the participant’s Pensionable Earnings Earningsbase pay to the participant’s Savings Plan account.