One Employer Plan Sample Clauses

One Employer Plan. If the Participant does not participate in, and has never participated in another qualified plan or a welfare benefit fund (within the meaning of Code Section 419(e)), an individual medical account (within the meaning of Code Section 415(1)(2)), or a simplified employee pension‌ (within the meaning of Code Section 408(k)), which is maintained by the Association or a Participating Employer and provides an Annual Addition, the amount of Annual Additions which may be credited to a Participant’s Accounts for any Limitation Year will not exceed the Maximum Permissible Amount. If the contributions that would otherwise be contributed or allocated to a Participant’s Account would cause the Annual Additions for the Limitation Year to exceed the Maximum Permissible Amount, the amounts contributed or allocated will be reduced (with Voluntary Contributions and Mandatory Participant Contributions being first reduced, followed by Employer Contributions) so that the Annual Additions for the Limitation Year will equal the Maximum Permissible Amount.
Sample 1
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Related to One Employer Plan

  • Pension Plan 15.01 The CLAC Pension Plan (“the Plan”), a defined contribution pension plan, is registered with the Canada Revenue Agency. The Plan applies to all employees covered by this Agreement.

  • Disabled Employees If an employee becomes disabled with the result that he is unable to carry out the regular functions of his position, the Hospital may establish a special classification and salary with the hope of providing an opportunity of continued employment.

  • Beneficiary Rollovers from Employer-Sponsored Retirement Plans If you are a spouse Beneficiary, nonspouse Beneficiary, or the trustee of an eligible type of trust named as Beneficiary of a deceased employer plan participant, you may directly roll over inherited assets from a qualified retirement plan, 403(a) annuity, 403(b) tax-sheltered annuity, or 457(b) governmental deferred compensation plan to an inherited IRA. The IRA must be maintained as an inherited IRA, subject to the beneficiary distribution requirements.

  • Essential Employees Every employee designated as “essential,” shall receive notice of such designation each year, by October 31, in accordance with N.J.A.C. 4A:6-2. Notice of such designations will also be provided to the Union.

  • Casual Employees A casual employee is one who is not regularly scheduled to work other than during periods that such employee shall relieve a regular full-time or regular part-time employee. Casual employees accumulate seniority on an hourly basis and are entitled to such benefits as are contained in the “Addendum - Casual Employees”.

  • Employer Policies Employees shall be governed by written policies adopted by the Employer as publicized on bulletin boards, or by general distribution, provided such policies are not in conflict with the provisions of this Agreement.

  • Pension Plans Any of the following events shall occur with respect to any Pension Plan:

  • Self-Funded Leave Plan 26.01 The Self Funded Leave Plan has been developed to afford Employees the opportunity of taking up to one year leave of absence and, through deferral of salary, to finance the leave subject to the regulations under the Income Tax Act.

  • Casual Employee Casual employee means a part-time employee who is not normally scheduled to work but who may be called in to work to provide coverage as required.

  • WELFARE PLAN Section 1: The Plan There shall be a Welfare Plan pursuant to the terms and conditions of Exhibit "C", which is attached hereto and forms part of this Agreement. Membership in the Plan for all eligible employees shall be a condition of employment on and after July 1, 1973.

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