Common use of Pick Up of Employee Contributions Clause in Contracts

Pick Up of Employee Contributions. In accordance with section 414(h)(2) of the Internal Revenue Code, the Employer may “pick up” the Employee Contributions under the following terms and conditions: • the contributions made by the Employer to CalPERS, although designated as Employee Contributions, are being paid by the Employer in lieu of contributions by the employees who are members of CalPERS; • employees do not have the option of choosing to receive the contributed amounts directly instead of having them paid by the Employer to CalPERS; • the Employer is paying to CalPERS the contributions designated as Employee Contributions from the same source of funds as used in paying salary; and • the amount of the contributions designated as Employee Contributions and paid by the Employer to CalPERS on behalf of an employee is the entire contribution required of the employee under CalPERS.

Pick Up of Employee Contributions. In accordance with section 414(h)(2) of the Internal Revenue Code, the Employer may “pick up” the Employee Contributions under the following terms and conditions: • the contributions made by the Employer to CalPERS, although designated as Employee Contributions, are being paid by the Employer in lieu of contributions by the employees who are members of CalPERS; • employees do not have the option of choosing to receive the contributed amounts directly instead of having them paid by the Employer to CalPERS; • the Employer is paying to CalPERS the contributions designated as Employee Contributions from the same source of funds as used in paying salary; and • the amount of the contributions designated as Employee Contributions and paid by the Employer to CalPERS on behalf of an employee is the entire contribution required of the employee under CalPERSXxxXXXX.

Pick Up of Employee Contributions. In accordance with section 414(h)(2) of the Internal Revenue Code, the Employer may “pick up” the Employee Contributions under the following terms and conditions: •  the contributions made by the Employer to CalPERS, although designated as Employee Contributions, are being paid by the Employer in lieu of contributions by the employees who are members of CalPERS; •  employees do not have the option of choosing to receive the contributed amounts directly instead of having them paid by the Employer to CalPERS; •  the Employer is paying to CalPERS the contributions designated as Employee Contributions from the same source of funds as used in paying salary; and •  the amount of the contributions designated as Employee Contributions and paid by the Employer to CalPERS on behalf of an employee is the entire contribution required of the employee under CalPERS.

Pick Up of Employee Contributions. In accordance with section 414(h)(2) of the Internal Revenue Code, the Employer may “pick up” the Employee Contributions under the following terms and conditions: • the The contributions made by the Employer to CalPERSCal PERS, although designated as Employee Contributions, are being paid by the Employer in lieu of contributions by the employees who are members of CalPERS; • employees Employees do not have the option of choosing to receive the contributed amounts directly instead of having them paid by the Employer to CalPERS; • the The Employer is paying to CalPERS the contributions designated as Employee Contributions from the same source of funds as used in paying salary; and • the The amount of the contributions designated as Employee Contributions and paid by the Employer to CalPERS on behalf of an employee is the entire contribution required of the employee under CalPERS.

Pick Up of Employee Contributions. In accordance with section 414(h)(2) of the Internal Revenue Code, the Employer may “pick up” the Employee Contributions under the following terms and conditions: • the The contributions made by the Employer to CalPERS, although designated as Employee Contributions, are being paid by the Employer in lieu of contributions by the employees who are members of CalPERS; • employees Employees do not have the option of choosing to receive the contributed amounts directly instead of having them paid by the Employer to CalPERS; • the The Employer is paying to CalPERS the contributions designated as Employee Contributions from the same source of funds as used in paying salary; and • the The amount of the contributions designated as Employee Contributions and paid by the Employer to CalPERS on behalf of an employee is the entire contribution required of the employee under CalPERSXxxXXXX.

Pick Up of Employee Contributions. In accordance with section 414(h)(2) of the Internal Revenue Code, the Employer may “pick up” the Employee Contributions under the following terms and conditions: • the contributions made by the Employer to CalPERS, although designated as Employee Contributions, are being paid by the Employer in lieu of contributions by the employees who are members of CalPERS; • employees do not have the option of choosing to receive the contributed amounts directly instead of having them paid by the Employer to CalPERS; • the Employer is paying to CalPERS the contributions designated as Employee Contributions from the same source of funds as used in paying salary; and • the amount of the contributions designated as Employee Contributions and paid by the Employer to CalPERS on behalf of an employee is the entire contribution required of the employee under CalPERS.

Pick Up of Employee Contributions. In accordance with section 414(h)(2414(h) (2) of the Internal Revenue Code, the Employer may “pick up” the Employee Contributions under the following terms and conditions: • the  The contributions made by the Employer to CalPERS, although designated as Employee Contributions, are being paid by the Employer in lieu of contributions by the employees who are members of CalPERS; • employees  Employees do not have the option of choosing to receive the contributed amounts directly instead of having them paid by the Employer to CalPERS; • the  The Employer is paying to CalPERS the contributions designated as Employee Contributions from the same source of funds as used in paying salary; and • the  The amount of the contributions designated as Employee Contributions and paid by the Employer to CalPERS on behalf of an employee is the entire contribution required of the employee under CalPERSXxxXXXX.

Pick Up of Employee Contributions. In accordance with section Section 414(h)(2) of the Internal Revenue Code, the Employer may “pick up” the Employee Contributions under the following terms and conditions: • the The contributions made by the Employer to CalPERS, although designated as Employee Contributions, are being paid by the Employer in lieu of contributions by the employees who are members of CalPERS; • employees Employees do not have the option of choosing to receive the contributed amounts directly instead of having them paid by the Employer to CalPERS; • the The Employer is paying to CalPERS the contributions designated as Employee Contributions from the same source of funds as used in paying salary; and • the The amount of the contributions designated as Employee Contributions and paid by the Employer to CalPERS on behalf of an employee is the entire contribution required of the employee under CalPERSXxxXXXX.

Pick Up of Employee Contributions. In accordance with section 414(h)(2) of the Internal Revenue Code, the Employer may “pick up” the Employee Contributions under the following terms and conditions: • the  The contributions made by the Employer to CalPERS, although designated as Employee Contributions, are being paid by the Employer in lieu of contributions by the employees who are members of CalPERS; • employees  Employees do not have the option of choosing to receive the contributed amounts directly instead of having them paid by the Employer to CalPERS; • the  The Employer is paying to CalPERS the contributions designated as Employee Contributions from the same source of funds as used in paying salary; and • the  The amount of the contributions designated as Employee Contributions and paid by the Employer to CalPERS on behalf of an employee is the entire contribution required of the employee under CalPERS.