Common use of Mandatory Contributions Clause in Contracts

Mandatory Contributions. If elected below, a Participant will be required to make a Mandatory Contribution (as defined in Section 1.76 of the Plan) to the Plan equal to the amount specified under this subsection 6-6. Any amounts contributed pursuant to this subsection 6-6 will be treated as Employer Contributions under the Plan. Such contributions and earnings thereon will be 100% vested at all times. (a) The following amounts will be contributed to the Plan as a Mandatory Contribution: 🞎 (1) % of Plan Compensation. 🞎 (2) $ per pay period. (3) Any amount from % to % of Plan Compensation, as designated by the Participant. (4) The amount designated under an applicable Collective Bargaining Agreement, employment contract or other arrangement with the Employee. (5) Describe amount: [Note: Amount may not exceed 100% of Plan Compensation.] 🞎 (b) Special rules applicable to Mandatory Contribution: [Note: Special rules may describe special eligibility requirements and the definitely determinable amounts.]