Plan Election Sample Clauses

Plan Election. Eligible employees shall elect to participate in one of the Employer’s retirement plans [on the first of the month] following six (6) full months of service in a qualified position. Eligible employees must elect to participate in either the applicable Public Employees Retirement System (PERS) retirement plan or the University Pension Plan (UPP) retirement program.
Sample 1Sample 2Sample 3See All (8)
AutoNDA by SimpleDocs
Plan Election. Eligible employees must elect to participate in either the applicable Public Employees Retirement System (PERS) retirement plan or the University Pension Plan (UPP) retirement program. Enrollment in the UPP retirement plans may occur following three (3) full months of service in a qualified position. Enrollment in the PERS retirement plan may occur following six (6) full months of service in a qualified position.
Sample 1Sample 2See All (5)
Plan Election. Eligible new employees must elect to participate in either the Oregon Public Service Retirement Plan (OPSRP) or the University Pension Plan (UPP) retirement program on the first of the month following six (6) months from their hire date.
Sample 1Sample 2
Plan Election. (See Section 17.6 of the BPD) o Check this selection and complete this Part 4E if the Plan is designed to be a Safe Harbor 401(k) Plan.
Sample 1
Plan Election. Group Term Life Insurance and Accidential Death and Dismemberment Employer contribution towards: Carrier: Ilumana þ Accept ¨$10,000 FLAT Employee Only 100 % ¨ Decline ¨$30,000 FLAT Dependent Life 0 % ¨ Pending þ$50,000 FLAT Supplimental Life 0 % ¨IX Salary (up to a maximum of $50,000) Supplimental AD&D 0 % Medical (Requires 75% Participation among Eligible Employees) Employer contribution towards: þ Accept PLAN 1: (Base Plan) Carrier: UHC Plan Name: 9L.H Deductible: $1000 Rx Plan Name: JD PLAN1: Employee Only Dependents Flat Dollar Amount*: EE ES ¨ Decline 100 % ¨ Pending 100 % EC EF *Listed Employer Contribution satisfies Carrier Requirement of 50% of “Employee Only” Rate. Upon Carrier-applied rate increase, listed contribution may be increased, if necessary, to comply with Carrier’s contribution requirement. ¨ Dual Option PLAN 2: (Buy-up Plan) PLAN 2: (Check only one) Carrier: BlueCross BlueShield Same Percentage Contribution as PLAN 1: ¨ Plan Name: Deductible: $ Same Dollar Contribution as PLAN 1: ¨ Rx Plan Name: Flat Dollar Amount: EE $ ES $ EC $ EF $ Dental Options Employer contribution towards: Carrier: UHC þ Employer Sponsored* Plan: UHC P4881 Employee Only 100 % ¨ Voluntary (No Employer Contribution Required) Plan: Dependents 100 % ¨ Decline Flat Dollar Amount: ¨ Pending EE $ ES $ EC $ EF $ * Minimum Employer Contribution of 50% of “Employee Only” Rate Required. ** Orthodontia Coverage Only Available to Groups that Maintain a Minimum of Ten or more Dental Enrollees. Minimum Employer Contribution of 50% of “Employee Only” Rate Required for Employer Sponsored Plan. Vision* Employer contribution towords Carrier: UHC V0012 ü Class 1 (Employer Pays 100% of Employee and Dependent Coverage) Employee Dependents ¨ Class 2 (Employer Pays 100% of Employee Coverage) Class 1 100 % 100 % ¨ Class 3 (No Employer Contribution Required) Class 2 100 % % ¨ Decline Class 3 % % ¨ Pending * Vision Coverage may require participation in a medical and/or Dental Plan and may be subject to Minimum Participation requirements.
Sample 1
Plan Election. 93 16.1.1 Selection process 93 16.1.2 Limited option to transfer plans 93
Sample 1
Plan Election. Eligibility in the Defined Contribution Plan shall be limited to regular employees excluding seasonal, part-time, and all other employees (e.g., also excluding interim and/or temporary employees). The City will notify eligible Employees of their option to participate in either the Defined Contribution Plan or the Defined Benefit Plan upon employment in an eligible position. Thereafter, the Employee will have ninety (90) days within which to notify the Employer's Payroll and Retirement Office of the employee's selection of retirement plan. The Employee's selection will be in writing on forms provided by the Payroll and Retirement Office and may be filed with the Payroll and Retirement Office only following attendance at any required retirement option education programs provided by the City and/or the retirement plan administrators to employees. In the event the Employee fails to notify the Employer's Payroll and Retirement Office as set forth above, the Employee will be covered by the Defined Contribution Plan.
Sample 1
AutoNDA by SimpleDocs
Plan Election. Eligible employees hired on or after August 29, 2003 shall elect to participate in one of the Employer’s retirement plans on the first of the month following six
Sample 1

Related to Plan Election

  • Deferral Election A Participant may elect to defer all or a specified percentage of the Compensation earned in a Plan Year by such Participant for serving as a member of the Board of any Participating Fund or as a member of any committee or subcommittee thereof. Reimbursement of expenses of attending meetings of the Board, committees of the Board or subcommittees of such committees may not be deferred. Such election shall be made by executing before the first day of such Plan Year such election notice as the Administrator may prescribe; provided, however, that upon first becoming eligible to participate in the Plan by reason of appointment to a Board, a Participant may file a Deferral Election not later than 30 days after the effective date of such appointment, which election shall apply to Compensation earned in the portion of the Plan Year commencing the day after such election is filed and ending on the last day of such Plan Year.

  • Deferral Elections As provided in Sections 5(f), 6(h) and 14(d), the Executive may elect to defer the Pre-Change in Control Severance Payment, the Post-Change in Control Severance Payment and the Consulting Payment as follows. The Executive’s deferral election shall satisfy the requirements of Treasury Regulation Section 1.409A-2(b) and the terms and conditions of the Deferred Compensation Plan. Such deferral election shall designate the whole percentage (up to a maximum of 100%) of the Pre-Change in Control Severance Payment, the Post-Change in Control Severance Payment and the Consulting Payment to be deferred, shall be irrevocable when made, and shall not take effect until at least twelve (12) months after the date on which the election is made. Such deferral election shall provide that the amount deferred shall be deferred for a period of not less than five (5) years from the date the payment of the amount deferred would otherwise have been made, in accordance with Treasury Regulation Section 1.409A-2(b)(1)(ii).

  • Election Form The Consideration shall be payable in accordance with the election made by Contributor in the Consideration Election Form (“Election Form”) accompanying the PPM, the results of which election are set forth on Exhibit A hereto. If, pursuant to the Election Form, Contributor (A) elected all or part of Contributor’s consideration payable hereunder to be in the form of units of limited partnership interests of the Operating Partnership (“OP Units”) and (B) submitted to the Operating Partnership (x) an executed Investor Questionnaire representing and warranting to the Operating Partnership that Contributor is an “accredited investor” as defined in the Investor Questionnaire and (y) any other documentation required by the Operating Partnership, including, but not limited to, a signature page to the Partnership Agreement (as hereinafter defined), Contributor shall receive OP Units in an amount determined in the manner described on Exhibit A hereto. The portion of the Consideration, if any, payable in cash is set forth on Exhibit A. Contributor agrees that the cash payment shall be made and the OP Units shall be registered in the name of the persons or entities set forth on the Election Form. OP Units will only be delivered to Contributor if Contributor has represented to the Operating Partnership that Contributor is an “accredited investor”. No fractional OP Units will be issued and OP Units will be rounded to the nearest whole number. The Consideration payable to Contributor, whether in cash, in OP Units or a combination thereof, may be reduced by the amount the Operating Partnership reasonably determines must be withheld for tax purposes. The rights and obligations of holders of OP Units as of the Closing will be as set forth in the First Amended and Restated Agreement of Limited Partnership of the Operating Partnership (the “Partnership Agreement”), a draft copy of which is included as an exhibit to the PPM.

  • Initial Election The Director shall make an initial deferral election under this Agreement by filing with the Company a signed Election Form within 30 days after the Effective Date of this Agreement. The Election Form shall set forth the amount of Fees to be deferred and shall be effective to defer only Fees earned after the date the Election Form is received by the Company.

  • Deferral Notwithstanding the foregoing, if the Company shall furnish to Holders requesting registration pursuant to this Section 2.3, a certificate signed by the President or Chief Executive Officer of the Company stating that in the good faith judgment of the Board, it would be materially detrimental to the Company and its shareholders for such registration statement to be filed at such time, then the Company shall have the right to defer such filing for a period of not more than ninety (90) days after receipt of the request of the Initiating Holders; provided, however, that the Company may not utilize this right more than once in any twelve (12) month period; provided further, that the Company shall not register any other of its shares during such twelve (12) month period. A demand right shall not be deemed to have been exercised until such deferred registration shall have been effected.

  • Section 83(b) Election Purchaser understands that Section 83(a) of the Code, taxes as ordinary income the difference between the amount paid for the Stock and the fair market value of the Stock as of the date any restrictions on the Stock lapse. In this context, "restriction" includes the right of the Company to buy back the Stock pursuant to the Repurchase Option set forth in Section 2(a) above. Purchaser understands that Purchaser may elect to be taxed at the time the Stock is purchased, rather than when and as the Repurchase Option expires, by filing an election under Section 83(b) of the Code (an "83(b) Election") with the Internal Revenue Service in the form attached hereto as Exhibit C within thirty (30) days from the date the Stock is purchased. Even if the fair market value of the Stock at the time of the execution of this Agreement equals the amount paid for the Stock, the 83(b) Election must be made to avoid income under Section 83(a) of the Code in the future. Purchaser understands that failure to file such an 83(b) Election in a timely manner may result in adverse tax consequences for Purchaser. Purchaser further understands that an additional copy of such 83(b) Election is required to be filed with his or her federal income tax return for the calendar year in which the date of this Agreement falls. Purchaser acknowledges and understands that it is solely Purchaser's obligation and responsibility to timely file such 83(b) Election, and neither the Company nor the Company's legal or financial advisors shall have any obligation or responsibility with respect to such filing. Purchaser acknowledges that the foregoing is only a summary of the effect of United States federal income taxation with respect to purchase of the Stock hereunder and does not purport to be complete. Purchaser further acknowledges that the Company has directed Purchaser to seek independent advice regarding the applicable provisions of the Code, the income tax laws of any municipality, state or foreign country in which Purchaser may reside, and the tax consequences of Purchaser's death. Purchaser assumes all responsibility for filing an 83(b) Election and paying all taxes resulting from such election or the lapse of the restrictions on the Stock.

  • Joint Election As a condition of the Units granted hereunder, you agree to accept any liability for secondary Class 1 National Insurance Contributions (the “Employer NICs”), which may be payable by the Company or your Employer with respect to the Units and/or payment of the Units and issuance of Shares pursuant to the Units, the assignment or release of the Units for consideration, or the receipt of any other benefit in connection with the Units. Without limitation to the foregoing, you agree to make an election (the “Election”), in the form specified and/or approved for such election by HMRC, that the liability for your Employer NICs payments on any such gains shall be transferred to you to the fullest extent permitted by law. You further agree to execute such other elections as may be required between you and any successor to the Company and/or your Employer. You hereby authorize the Company and your Employer to withhold such Employer NICs by any of the means set forth in Section III of the Agreement. Failure by you to enter into an Election, withdrawal of approval of the Election by HMRC or a joint revocation of the Election by you and the Company or your Employer, as applicable, shall be grounds for the forfeiture and cancellation of the Units, without any liability to the Company or your Employer.

  • Deferral Period The Deferred Share Units will be subject to a deferral period in accordance with the election made by Grantee and the terms of the Deferred Compensation Plan. The Grantee may change the period of deferral by filing a subsequent election with the Company in accordance with the terms of the Deferred Compensation Plan. During the deferral period, the Grantee will have no right to transfer any rights under his or her Deferred Share Units and will have no other rights of ownership therein.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!