Pension and Profit Sharing Sample Clauses
The Pension and Profit Sharing clause outlines the employer's obligations and policies regarding retirement and profit-sharing benefits for employees. Typically, this clause specifies eligibility requirements, the types of plans offered (such as 401(k) or defined benefit plans), and how contributions are made by both the employer and employees. Its core practical function is to ensure employees are informed about their retirement benefits and to establish clear guidelines for participation and contributions, thereby promoting transparency and compliance with applicable laws.
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Pension and Profit Sharing. As part of the compensation for services rendered under this Agreement, Employee shall be entitled to participate in the Company’s pension, profit sharing, and 401K plans if such plans are established by Company.
Pension and Profit Sharing. During the Term, or if Executive’s employment is terminated sooner pursuant to Section 4, until such termination, Executive will continue to accrue additional benefits under the Company’s qualified and non-qualified pension and profit-sharing plans. Payments under the Company’s non-qualified pension and profit-sharing plans will be made in accordance with the terms of the relevant plan upon separation from service with the Company.
Pension and Profit Sharing. Executive shall participate in such pension and profit sharing plans as are established for senior executives of Employer.
Pension and Profit Sharing. Employer shall include Employee in all Employer sponsored 401(k) Plans and other pension and profit-sharing plans in a comparable manner as provided for Employer’s other executive officers.
Pension and Profit Sharing. The Company shall include Employee in all Company pension and profit-sharing plans in a comparable manner as provided for its other executives.
Pension and Profit Sharing. Effective as of January 1, 1997, Employee's vested account balance under the Company's 401(k) Plan and Trust shall be distributed to Employee or, at his direction, pursuant to the terms of the 401(k) Plan and Employee's election thereunder.
Pension and Profit Sharing. Kaiser shall include -------------------------- ▇▇▇▇▇▇▇ in Kaiser pension and 401k plans pursuant to Kaiser policies as amended from time to time. ▇▇▇▇▇▇▇'▇ prior service as an employee with Kaiser will be credited to ▇▇▇▇▇▇▇ for eligibility and participation purposes in the pension and profit sharing plans. Additionally, the amount of ▇▇▇▇▇▇▇'▇ employee contribution that was previously refunded to him will be deducted from his future pension payment(s).
Pension and Profit Sharing. During both the Initial and Secondary Terms, Executive shall continue to accrue benefits under the Company’s qualified and non-qualified pension and profit-sharing plans based on his base salary in effect under this Agreement.
(i) In addition, during the Secondary Term, Executive shall accrue a nonqualified pension based on the difference between $50,000 per month and his actual base salary. Such pension shall be accrued, paid and calculated in the same manner as the Executive’s pension from the Company’s qualified pension plan, but shall be unfunded, unsecured and paid out of the Company’s general assets.
Pension and Profit Sharing. The Executive shall be entitled to participate in any pension or profit sharing plan or other type of plan adopted by the Company for the benefit of its officers and/or regular employees.
Pension and Profit Sharing. The Employee shall be entitled to participate in any pension or profit sharing plan, or other type of plan adopted by the Employer for the benefit of its officers. If the corporation establishes more than one plan, Employee may choose the plan in which to participate. ▇.