Participating Employer Contributions Sample Clauses

Participating Employer Contributions. (a) All contributions provided for in this Plan made by each Participating Employer who is a member of the same controlled group and/or affiliated service group shall be combined and allocated among the eligible Participants as if made by a single employer. The Participating Employers shall pay the contributions to the Trustee who shall hold the contribution for the exclusive benefit of the Employees (and their Beneficiaries) of the Participating Employers who are members of the same controlled group and/or affiliated service group, subject to all of the terms and conditions of this Plan. (b) All contributions made by a Participating Employer who is not a member of a controlled group and/or affiliated service group provided for in this Plan shall be determined separately on the basis of its net profit and total Annual Compensation paid. The Participating Employer shall pay the contributions to the Trustee who shall hold the contribution for the exclusive benefit of the Employees of the Participating Employer and the Beneficiaries of the Employees, subject to all of the terms and conditions of this Plan.
Sample 1
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Participating Employer Contributions. The Participating Employer shall make a contribution for each Participant for each Plan Month as specified below: [Specify one option only.] The Participating Employer will contribute 3% of the Compensation of such Participant for the Plan Month. The Participating Employer will contribute 4% of the Compensation of such Participant for the Plan Month. The Participating Employer will contribute 5% of the Compensation of such Participant for the Plan Month. The Participating Employer will contribute 6% of the Compensation of such Participant for the Plan Month. The Participating Employer will contribute 7% of the Compensation of such Participant for the Plan Month. The Participating Employer will contribute __% of the Compensation of such Participant for the Plan Month. The Participating Employer’s contribution for each Participant will equal an amount directed by each Participant, with a minimum of maximum of % of the Compensation of such Participant. Once an election is made, it is an irrevocable election until a new Participation Agreement is adopted. The Participating Employer will contribute to each Participant _____% (a whole percentage, no less than three percent (3%)) of the Compensation of such Participant for the Plan Month based on ______ attained Years of Service; % (a whole percentage, no less than three percent (3%)) of the Compensation of such Participant for the Plan Month based on 10 or more attained Years of Service; % (a whole percentage, no less than three percent (3%)) of the Compensation of such Participant for the Plan Month based on attained Years of Service; and % (a whole percentage, no less than three percent (3%)) of the Compensation of such Participant for the Plan Month based on attained Years of Service. For Participants hired after March 31, 1986, the Participating Employer will contribute the percentage of Compensation of such Participant for the Plan Month corresponding to the rate required of the employer share portion of Social Security (Old Age, Survivors, and Disability) under the Federal Insurance Contributions Act, as defined in C.R.S. Section 00-00-000 for that Plan Month. Contributions for a Participant will stop once such Participant’s earnings have reached the social security annual maximum taxable earnings limit. For Participants hired on or before March 31, 1986, the Participating Employer will contribute the percentage of Compensation of the Participant for the Plan Month corresponding to the rate required for th...
Sample 1
Participating Employer Contributions. (1) Effective January 1, 2016, every Participating Employer shall contribute to the Fund in respect of the Pensionable Earnings of the Members it employs at the rate determined in accordance with the Funding Policy. Without limitation, these rates shall be increased or decreased in accordance with the Funding Policy. The attached Schedule “B” records the contribution rates that are in effect during the noted time periods. (2) If a Member elects pursuant to Subsection 5.1(2) to contribute to the Fund during a Leave of Absence, the Member’s Participating Employer must make contributions in respect of that Member pursuant to Subsection (1) during the first 180 days of that Leave of Absence. Thereafter, no further contributions are payable by the Participating Employer in respect of that Leave of Absence. (3) If a Member elects pursuant to Subsection 5.1(3) to contribute to the Fund in respect of the first 90 calendar days of a period of lay-off, the Member’s Participating Employer must make contributions in respect of that Member pursuant to Subsection (1) during that 90 day period of lay-off. Thereafter, no further contributions are payable or permitted by the Participating Employer in respect of that period of lay- off. (4) A Participating Employer’s contributions made pursuant to Subsection (1) must be deposited in the Fund by the Participating Employer no later than 30 days following the end of the month to which the contributions relate.
Sample 1
Participating Employer Contributions 
Sample 1

Related to Participating Employer Contributions

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law. (b) It is understood that the administrative intent of this Article is that the Employer contribution is made for individuals who are participants in the medical insurance coverages. Participation will mean that eligible less-than-full-time employees who drop out of coverage will be considered to participate. Additionally, employees who elect to opt out of coverage for a cash incentive will be considered to participate.

  • Employer Contributions 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement. 8.2 Contributions shall be recorded on a remittance form and remitted to the designated recipient of such contributions on or before the fifteenth (15) day of the month following the month for which contributions are to be made. In the event that any Employer is delinquent in his contributions to the above funds for more than thirty (30) days, the Employer and the Association shall be notified of such delinquency. If after five (5) days from such notice such delinquency has not been paid, the Employer shall pay to the applicable funds, as liquidated damages and not as a penalty, an amount equal to ten percent (10%) of the arrears for the month, or part thereof, in which the Employer is in default. Thereafter, interest shall accumulate at the rate of two percent (2%) per month (24% per year compounded monthly) on any unpaid arrears, including liquidated damages. 8.3 The amounts to be designated as wages and/or Employer contributions to the above funds may be varied from time to time by agreement between the Association and the Union. 8.4 The Board of Trustees of the respective Trust Funds shall have authority to promulgate such agreements, plans and/or rules as may be necessary or desirable for the efficient and successful operation and administration of the said Trust Funds, including provisions for audit security, surety and/or liquidated damages to the extent that such may be necessary for the protection of the beneficiaries of such Trust Funds. 8.5 Any and all agreements, plans or rules established by the Boards of Trustees of the respective Trust Funds shall be appended hereto and shall be deemed to be part of and expressly incorporated herein and the Employer and the Union shall be bound by the terms and provisions thereof. 8.6 All employer contributions due and payable to the above funds, except industry promotion funds, shall be deemed and are considered to be Trust Funds. It is expressly understood that training funds and industry promotion funds are not wages or benefits due to an employee and industry promotion funds are dues for services rendered by the Association. 8.7 The Business Representative of the Local Union may inspect, during regular business hours, the Company's record of time worked by employees and contributions to the plan. 8.8 The Employer shall be responsible for the payment of any government sales taxes applicable to any trust fund contributions payable by the Employer.

  • 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.

  • Rollover Contributions A rollover is a tax-free distribution of cash or other assets from one retirement program to another. There are two kinds of rollover contributions to an IRA. Xx one, you contribute amounts distributed to you from one IRA xx another IRA. Xxth the other, you contribute amounts distributed to you from your employer's qualified plan or 403(b) plan to an IRA. X rollover is an allowable IRA xxxtribution which is not subject to the limits on regular contributions discussed in Part D above. However, you may not deduct a rollover contribution to your IRA xx your tax return. If you receive a distribution from the qualified plan of your employer or former employer, the distribution must be an "eligible rollover distribution" in order for you to be able to roll all or part of the distribution over to your IRA. Xxe portion you contribute to your IRA xxxl not be taxable to you until you withdraw it from the IRA. Xxur employer or former employer will give you the opportunity to roll over the distribution directly from the plan to the IRA. Xx you elect, instead, to receive the distribution, you must deposit it into the IRA xxxhin 60 days after you receive it. An "eligible rollover distribution" is any distribution from a qualified plan that would be taxable other than (1) a distribution that is one of a series of periodic payments for an employee's life or over a period of 10 years or more, (2) a required distribution after you attain age 70 1/2 and (3) certain corrective distributions. If the entire amount in your IRA xxx been contributed in a tax-free rollover from your employer's or former employer's qualified plan or 403(b) plan, you may later roll over the IRA xx a new employer's plan if such plan permits rollovers. Your IRA xxxld then serve as a conduit for those assets. However, you may later roll those IRA xxxds into a new employer's plan only if you make no further contributions to that IRA, xx commingle the IRA xxxlover funds with existing IRA xxxets.

  • Participant Contributions If Participant contributions are permitted, complete (a), (b), and (c). Otherwise complete (d).

  • Elective Deferrals (a) The Committee may establish procedures pursuant to which Employee may elect to defer, until a time or times later than the vesting of a Performance Share Unit, receipt of all or a portion of the shares of Common Stock deliverable in respect of a Performance Share Unit, all on such terms and conditions as the Committee (or its designee) shall determine in its sole discretion. If any such deferrals are permitted for Employee, then notwithstanding any provision of this Agreement or the Plan to the contrary, an Employee who elects such deferral shall not have any rights as a stockholder with respect to any such deferred shares of Common Stock unless and until the date the deferral expires and certificates representing such shares are required to be delivered to Employee. The foregoing notwithstanding, no deferrals of Dividend Equivalents related to any Performance Share Units under this Award will be permitted. Moreover, the Committee further retains the authority and discretion to modify and/or terminate existing deferral elections, procedures and distribution options. (b) Notwithstanding any provision to the contrary in this Agreement, if deferral of Performance Share Units is permitted, each provision of this Agreement shall be interpreted to permit the deferral of compensation only as allowed in compliance with the requirements of Section 409A of the Internal Revenue Code and any provision that would conflict with such requirements shall not be valid or enforceable. Employee acknowledges, without limitation, and consents that application of Section 409A of the Internal Revenue Code to this Agreement may require additional delay of payments otherwise payable under this Agreement. Employee and the Company further hereby agree to execute such further instruments and take such further action as reasonably may be necessary to comply with Section 409A of the Internal Revenue Code.

  • Employee Contributions Any member of the bargaining unit who is hired on or after September 1, 2010 is eligible to make a voluntary contribution to the City=s Deferred Compensation Plan offered by Ameritas.

  • Eligibility for Employer Contribution This section describes eligibility for an Employer Contribution toward the cost of coverage.

  • Participating Employers As of the Effective Date, the following Participating Employer(s) are parties to the Plan:

  • Voluntary Employee Contributions (i) Subject to the governing rules of the relevant superannuation fund, an employee may, in writing, authorise their employer to pay on behalf of the employee a specified amount from the post- taxation wages of the employee into the same superannuation fund as the employer makes the superannuation contributions provided for in Clause 24(b). (ii) An employee may adjust the amount the employee has authorised their employer to pay from the wages of the employee from the first of the month following the giving of three months’ written notice to their employer. (iii) The employer must pay the amount authorised under Clauses 24(d)(i) or 24(d)(ii) no later than 28 days after the end of the month in which the deduction authorised under Clauses 24(d)(i) or 24(d)(ii) was made.

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