Rate of Contribution. Commencing January 1, 1983, in the discretion of the Executive Committee of the Company, or its designated subcommittee, the Company will annually contribute to the Plan an amount of common capital stock of the Company equal to one-half of one percent (.5%) of the aggregate compensation of participants in the Plan for compensation paid or accrued during calendar years 1983 and 1984, and equal to such other percentage as shall be permissible by law, currently one-half of one percent (.5%), for compensation paid or accrued during calendar years 1985 through 1987. No contribution will be made for a year for which the payroll tax credit is not available. Notwithstanding the provisions of the preceding sentence, the Company may, but shall not be required, to make a contribution to the Plan for a Plan year in which the payroll tax credit is not available. Any contribution made for a Plan year in which the payroll tax credit is not available shall be accounted for separately and shall be in accordance with the rules and regulations pertaining to ESOPs then in effect. 3.2
Rate of Contribution. The Company shall, with respect to each participant, contribute to the Trustees as soon as practicable after the end of each month, out of its current or accumulated earnings and profits as shown on the books used in preparing its annual reports, without regard to whether it has any current or accumulated earnings and profits for federal income tax purposes, a matching amount determined as follows:
Rate of Contribution. Commencing January 1, 1988, each participant may elect to enter into a compensation reduction agreement with the Company by which a contribution will be made for his or her respective account in an amount equivalent to one percent (1%) (commencing September 1, 1993), two percent (2%), three percent (3%), four percent (4%), five percent (5%), six percent (6%), seven percent (7%), eight percent (8%), nine percent (9%), ten percent (10%), and commencing January 1, 1998, eleven percent (11%), twelve percent (12%), thirteen percent (13%), fourteen percent (14%), or fifteen percent (15%), and commencing January 1, 2002, any percentage not to exceed one hundred percent (100%) of his unreduced monthly salary or earnings, whichever may be applicable; provided however, that no contribution in excess of five percent (5%), and, commencing January 1, 1994, six percent (6%), shall be made for any participant who shall be classified as a highly compensated person. A participant may elect to change his contribution percentage rate as of the first (1st) day of any month, but not more than once in any six (6) month period, by giving such written notice as shall be prescribed by the Committee. However, this limitation shall not apply to a change in contribution percentage rate effective January 1, 1994 made by a highly compensated person, a change in contribution percentage rate made by any participant that was effective January 1, 1998, or a change in contribution percentage rate effective January 1, 2002 made by a participant who is not a highly compensated person. The contribution for each participant shall be paid to the Trustees not less often than monthly and credited to the respective participant’s accounts. No contribution for a participant shall exceed ten thousand dollars ($10,000.00) each calendar year, subject to annual adjustments pursuant to Internal Revenue Code Sections 415(d), 402(g) and regulations. The contributions herein may sometimes be referred to as the participant’s “elective account”. Beginning with years after December 31, 2001, no participant shall be permitted to have elective contributions made under this Plan, or any other qualified plan maintained by the Company during any taxable year, in excess of the dollar limitation contained in Code Section 402(g) in effect for such taxable year, except for catch-up elective contributions permitted in the following paragraph and Code Section 414(v). Beginning with contributions made after December 31, 20...
Rate of Contribution. The Board’s rate of contribution applicable to the coverage made available for life and dental insurance plans shall be 90% of the total premium. The Board’s contribution to all health and dental plans for employees hired or transferred into part- time positions of less than 25 hours a week will be 50% of the Board’s contribution for full- time employees identified in this article.
Rate of Contribution. The District will pay the following for group health insurance for full time employees: Ninety-five (95%) percent of the premium for employee coverage and seventy (70%) percent for dependent coverage.
Rate of Contribution. The company shall, on behalf of each employee, make a superannuation contribution equivalent to the rate prescribed by the relevant superannuation legislation and regulations of such employee's ordinary time earnings each week.
Rate of Contribution. Commencing January 1, 1988, each participant may elect to enter into a compensation reduction agreement with the Company by which a contribution will be made for his or her respective account in an amount equivalent to one percent (1%) (commencing September 1, 1993), two percent (2%), three percent (3%), four percent (4%), five percent (5%), six percent (6%), seven percent (7%), eight percent (8%), nine percent (9%), ten percent (10%), and commencing January 1, 1998, eleven percent (11%), twelve percent (12%), thirteen percent (13%), fourteen percent (14%), or fifteen percent (15%) of his unreduced monthly salary or earnings, whichever may be applicable; provided however, that no contribution in excess of five percent (5%), and, commencing January 1, 1994, six percent (6%), shall be made for any participant who shall be classified as a highly compensated person. A participant may elect to change his contribution percentage rate as of the first (1st) day of any month, but not more than once in any six (6) month period, by giving such written notice as shall be prescribed by the Committee. However, this limitation shall not apply to a change in contribution percentage rate effective January 1, 1994 made by a highly compensated person, or a change in contribution percentage rate made by any participant that was effective January 1, 1998. The contribution for each participant shall be paid to the Trustees not less often than monthly and credited to the respective participant's accounts. No contribution for a participant shall exceed ten thousand dollars ($10,000.00) each calendar year, subject to annual adjustments pursuant to Internal Revenue Code Sections 415(d), 402(g) and regulations. The contributions herein may sometimes be referred to as the participant's "elective account".
Rate of Contribution. With respect to each calendar month commencing on or after July 1, 1996, for which the Percentage Position is less than 100 per cent, the Company shall make a contribution to the fund as follows: If the Percentage Position of the Fund is: The applicable number of dollars per month will be:
Rate of Contribution. The Company shall contribute to the Union Pension Plan for all employees who have completed probation as agreed in the Rehabilitation Plan agreement signed in 2010.
Rate of Contribution. The District will pay the following for group health insurance for full time employees: Ninety-five (95%) percent of the premium for employee coverage and seventy (70%) percent for dependent coverage. Effective September 1, 2012, the District will pay the following for group health insurance for full time employees: Ninety-four percent (94%) of the premium for employee coverage and seventy (70%) for dependent coverage. Effective September 1, 2013, the District will pay the following for group health insurance for full time employees: Ninety-two percent (92%) of the premium for employee coverage and seventy (70%) for dependent coverage. Effective September 1, 2014, the District will pay the following for group health insurance for full-time employees: Ninety percent (90%) of the premium for employee coverage and seventy (70%) for dependent coverage.
