Retirement Savings Account Sample Clauses

Retirement Savings Account or Life Insurance Contract for the purpose of Articles 145-1, 5° and Articles 145-8 to 145-16 of the Income Tax Code 1992 (“Code des impôts sur les revenus 1992” / “Xxxxxxx xxx xx xxxxxxxxxxxxxxxxxxxx 0000”);
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Retirement Savings Account. The Hospital will provide a 401(k) Retirement Savings Plan to all qualified employees per the Hospital’s Summary Plan Description (SPD), which may be amended from time to time in accordance with all applicable laws, or the Summary Plan Description offered by Hospital’s parent. The Summary Plan Description, as amended from time to time, including all its terms and conditions, are incorporated into and made part of this Agreement, The vesting schedule and employer contributions are as follows: Employees become eligible after one year of service Once eligible, voluntary pretax contributions may be made up to a maximum of 100% of salary. The Hospital’s matching contribution will be as follows: 1 year to 10 years $.25 per $1.00 up to 4% annually 10 years to 20 years $.50 per $1.00 up to 4% annually 20+ years $1.00 per $1.00 up to 4% annually
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Retirement Savings Account. Effective February 9, 2009, the Company will establish an individual Retirement Savings Account for all active hourly employees as of February 9, 2009 who are not eligible to receive post Medicare insurance benefits. This account will be a 401 K type plan governed by applicable Federal Tax and the plan rules. The Company has currently chosen X. Xxxx Price to be the fund administrator. The Company will contribute 6% of an employees weekly gross pay into the Retirement Savings Account. The employee will select from various investment options for these contributions. An employee may also invest between 1-20% of gross pay into the Retirement Savings Account. Xxxx Deep Site Manager February 9, 2009 Xxxx Xxxx, President IBEW, Local No. 1206 Xxxxxx, XX 00000 Dear Xx. Xxxx: Currently ArvinMeritor and Local 1206 of the IBEW have reached a tentative agreement on a new four (4) year labor contract. That new contract is still subject to ratification by your membership. Subject to ratification of this new four year agreement ArvinMeritor is ready to commit to the following: Capital Investment The Company has detailed below, major capital investments in refurbishing the Newark Plant, buying and updating certain manufacturing equipment and rearranging and consolidating the plant to streamline manufacturing. This 11 million plus dollar investment is intended to continue to solidify Newark’s position as a premier Military and Specialty Products facility. Facilities As Required Repair roof Replace windows Make lighting improvements Refurbishing plant restrooms Clean and paint ceilings and walls Repair floors Process: Replace paint line with paint booth Relocate stockroom closer to assembly line Replace mechanical hobbers with CNC Hard turning cell for miscellaneous shafts and gears Green turning lathe for collars, quills, misc. Rebuild #8 furnace and retrofit into gear/pinion operation New bevel equipment including (2) Klingelnberg C50's Klingelnberg blade grinder Rebuild Select housing lathe Upgrade butt-welder controls Clean and paint bevel and housing equipment Strategic consolidation of Newark footprint New Business Per our discussion, we are happy to confirm that should the current tentative agreement between the Company and the Union be ratified by the union on Oct 10, 2008 the company will place the following new business in the Newark facility. Increased bus and coach business, as a result of new Government funding to municipalities for transit buses scheduled in 20...
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Retirement Savings Account. The account maintained to record the participant’s retirement savings and catch-up contributions and income with respect to these contributions.
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Retirement Savings Account. Distributions from the Participant's Nondeductible Voluntary Account shall be distributed in the sequence described in Section 7.8.
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Related to Retirement Savings Account

  • Retirement Accounts With respect to certain retirement plans or accounts (such as individual retirement accounts (“IRAs”), SIMPLE IRAs, SEP IRAs, Xxxx IRAs, Education IRAs, and 403(b) Plans (such accounts, “Retirement Accounts”), the Transfer Agent, at the request and expense of the Fund, provide or arrange for the provision of various services to such plans and/or accounts, which services may include custodial agent services such as account set-up maintenance, and disbursements as well as such other services as the parties hereto shall mutually agree upon.

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.1.

  • Deferred Compensation Account All Participant Deferral Credits and Employer Credits shall be credited to the Deferred Compensation Account of the Participant as provided in Section 8.

  • Savings Plan Executive will be eligible to enroll and participate, and be immediately vested in, all Company savings and retirement plans, including any 401(k) plans, as are available from time to time to other key executive employees.

  • Retirement Plans In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and XXXX individual retirement accounts (“XXX Plans”), 403(b) Plans and money purchase and profit sharing plans (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, JHSS shall provide the following administrative services:

  • Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all other savings and retirement plans, practices, policies and programs, in each case on terms and conditions no less favorable than the terms and conditions generally applicable to the Company’s other executive employees.

  • Incentive, Savings and Retirement Plans During the Employment Period, the Executive shall be entitled to participate in all incentive, savings and retirement plans, practices, policies and programs applicable generally to other peer executives of the Company and its affiliated companies, but in no event shall such plans, practices, policies and programs provide the Executive with incentive opportunities (measured with respect to both regular and special incentive opportunities, to the extent, if any, that such distinction is applicable), savings opportunities and retirement benefit opportunities, in each case, less favorable, in the aggregate, than the most favorable of those provided by the Company and its affiliated companies for the Executive under such plans, practices, policies and programs as in effect at any time during the 120-day period immediately preceding the Effective Date or if more favorable to the Executive, those provided generally at any time after the Effective Date to other peer executives of the Company and its affiliated companies.

  • Cash Account Except as otherwise provided in Instructions acceptable to Bank, all cash held in the Cash Account shall be deposited during the period it is credited to the Account in one or more deposit accounts at Bank or at Bank's London Branch. Any cash so deposited with Bank's London Branch shall be payable exclusively by Bank's London Branch in the applicable currency, subject to compliance with any Applicable Law, including, without limitation, any restrictions on transactions in the applicable currency imposed by the country of the applicable currency.

  • SERP Executive is a participant in the BB&T Corporation Non-Qualified Defined Benefit Plan (the “SERP”). The SERP was formerly known as the Branch Banking and Trust Company Supplemental Executive Retirement Plan. The SERP is a non-qualified, unfunded supplemental retirement plan which provides benefits to or on behalf of selected key management employees. The benefits provided under the SERP supplement the retirement and survivor benefits payable from the Pension Plan. Except in the event the employment of Executive is terminated by the Employer or BB&T for Just Cause and except in the event Executive terminates Executive’s employment for any reason other than Good Reason and such termination does not occur within twelve (12) months after a Change of Control (or, if later, within ninety (90) days after a MOE Revocation), the following special provisions shall apply for purposes of this Agreement:

  • Retention Account credits and withdrawals

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