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Common use of Plan and Trust Clause in Contracts

Plan and Trust. Employer contributions are equal to a 1 to 1 match based on an employee’s pretax contributions up to 6%. • Employer matching contributions made in non-restricted Company stock • Maximum employee deferral amount will be 60%; subject to Plan guidelines and limitations • During the term of this Agreement, the Company will maintain the current matching contribution level for the 401(k) Plan and retains the ability to change the form of match (cash or stock)

Appears in 2 contracts

Samples: Collective Bargaining Agreement (Stillwater Mining Co /De/), Collective Bargaining Agreement (Stillwater Mining Co /De/)

Plan and Trust. Employer contributions are equal to a 1 to 1 match based on an employee’s pretax contributions up to 6%. • Employer matching contributions made in non-restricted Company stock • Maximum employee deferral amount will be 6020%; subject to Plan guidelines and limitations • During the term of this Agreement, the Company will maintain the current matching contribution level for the 401(k) Plan and retains the ability to change the form of match (cash or stock).

Appears in 1 contract

Samples: Collective Bargaining Agreement (Stillwater Mining Co /De/)

Plan and Trust. Employer contributions are equal to a 1 to 1 match based on an employee’s 's pretax contributions up to 6%. - Employer matching contributions made in non-restricted Company stock - Maximum employee deferral amount will be 6020%; subject to Plan guidelines and limitations - During the term of this Agreement, the Company will maintain the current matching contribution level for the 401(k) Plan and retains the ability to change the form of match (cash or stock).

Appears in 1 contract

Samples: Collective Bargaining Agreement (Stillwater Mining Co /De/)