Participant Elective Contributions Not Applicable for Other Purposes. It is acknowledged that the election of a Member to convert a portion of his or her base pay under the terms of the Plan will be effective for purposes of this Plan and will reduce the Member's compensation insofar as certain payroll taxes may be applicable. However, for all other employment related purposes, including all of the Member's rights and privileges under this labor agreement, his or her base pay or compensation will be considered as though no election had been made.
Participant Elective Contributions Not Applicable for Other Purposes. It is 28 acknowledged that the election of a Member to convert a portion of his or her base pay under the terms 29 of the Plan will be effective for purposes of this Plan and will reduce the Member’s compensation 30 insofar as certain payroll taxes may be applicable. However, for all other employment related 31 purposes, including all of the Member’s rights and privileges under this labor agreement, his or her 32 base pay or compensation will be considered as though no election had been made. 34 Section 15.9 Employees hired or rehired on or after March 22, 2013, will be eligible for an additional 35 automatic Company Contribution to the Plan in lieu of the Company match provided in 15.5. Each pay 36 period, the Company will contribute to the Plan an amount equal to a percent of the employee’s eligible 37 pay for the pay period, according to the schedule below. Eligible pay, for the purpose of calculating 38 the Company contribution, is base pay, shift differential, and employee incentive pay earned on or 39 after March 22, 2013. 40 Age at End of Year Automatic Company Contribution Maximum Company Match (100% on first 4%; 50% of next 4%) Total Company Contribution (assumes employee contrib- utes 8% of pay) Under age 40 3% 6% 9% Age 40–49 4% 6% 10% Age 50 and older 5% 6% 11% 41 42 43 44 45 46 47 48 49 50 Employees will be 100% vested immediately in this Company Contribution. An employee is 51 considered rehired if the employee returns to work from layoff and the return date is more than 6 52 years after the date of layoff. Employees whose most recent hire date is before March 22, 2013, are not 53 eligible for this Company contribution. 54 55 • For purposes of determining Plan eligibility, the employee will be considered hired 56 before March 22, 2013, if:
