Retirement Plan Contribution. An employee may contribute a fixed amount per pay period not exceeding 80% of salary up to a yearly maximum set by IRS guidelines. Employees age 50 and older may contribute an additional amount. After one (1) year of an eligible participating employee’s continuous service of at least 1000 hours, the Employer will match an employee’s contribution up to 3% of an employee’s salary at 50 cents on the dollar, as described in section 17.1 of this Agreement. For example, employee contribution at 6% of salary, employer contribution at 3% of salary.
Retirement Plan Contribution. The University agrees that it will restore the 10% reduction in pension contributions rates on July 1, 2019. This restoration will go into effect regardless of the status of negotiations for a successor contract to this initial contract.
Retirement Plan Contribution. During the Term, the Executive may identify a private retirement plan into which the Company shall contribute five percent (5%) of the Executive’s Base Salary (the “Contribution”). The Company shall use commercially reasonable efforts to follow any reasonable direction from the Executive regarding the making of the Contribution in such a way as to be tax-efficient for the Executive. For the avoidance of doubt, the Company’s above-described obligation to make the Contribution is in addition to, and not instead of, its obligation to pay the Executive’s Base Salary and any obligation of the Company to make contributions to the Central Provident Fund.
Retirement Plan Contribution. During the Term, and to the extent permitted by the Employer-sponsored retirement plan (the “Retirement Plan”) and applicable law, the Employer shall make an annual contribution equal to fifty percent (50%) of the annual contribution made by the Employee (the “Retirement Plan Contributions”) to the Retirement Plan; provided, however, that the Employer’s Retirement Plan Contributions shall not exceed $8,250 per annum.
Retirement Plan Contribution. In addition to Employee’s salary as set forth in Section 2.01 above, Employer shall make a non-elective contribution in an amount equal to 2.5% of Employee's annual salary to Employee's designated 403(b) or 457 Plan on the anniversary date of Employee's employment with Employer for each year employed, subject to proration upon termination of employment pursuant to Section 4. The Employee has not had and shall not have the option to receive cash or any other form of compensation or benefit in lieu of these non-elective contributions.
Retirement Plan Contribution. The Township will contribute 3% of the Manager’s salary to their 457b plan in years 2022 and 2023 of this contract. This payment will be made as a biannual contribution by January 15th and June 15th each contract year.
Retirement Plan Contribution. Employer shall pay to into Employee's 403(b) or 457 Plan an amount equal to 5% of Employee's annual salary on the anniversary date of Employee's employment with Employer for each year employed or prorated upon termination of employment pursuant to Section 4.
Retirement Plan Contribution
