Common use of Retirement and Savings Plan Clause in Contracts

Retirement and Savings Plan. Pursuant to Section 3.3 of the 401(k) --------------------------- Plan, employees that are eligible to participate in the 401(k) Plan are those that are classified as "regular full-time" or "regular part- time" employees. By signing below, you expressly acknowledge and agree that Amgen is not classifying you as a regular full-time or regular part-time employee and therefore, as of the Effective Date, you will not be eligible to make contributions or to have contributions made on your behalf to the 401(k) Plan. This letter qualifies as an agreement pursuant to Section 3.3(c)(2) of the 401(k) Plan. You will, however, be able to maintain your 401(k) account in the Amgen plan to the extent allowed by law.

Appears in 4 contracts

Samples: Annual Report, Agreement Regarding Part Time Special Assignment Position (Amgen Inc), Agreement Regarding Part Time Special Assignment Position (Amgen Inc)

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