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. O n c e 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 11 years to 20 years $.50 per $1.00 up to 4% annually 21+ years $1.00 per $1.00 up to 4% annually
Sample 1
Retirement Savings Account. The account maintained to record the participant’s retirement savings and catch-up contributions and income with respect to these contributions.
Sample 1
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 IBEW, Local No. 1206 Xxxxxx, XX 00000 Dear Xx. Xxxx:
Sample 1
Retirement Savings Account. Distributions from the Participant's Nondeductible Voluntary Account shall be distributed in the sequence described in Section 7.8.
Sample 1

Related to Retirement Savings Account

  • Health Savings Account (HSA) is a tax-exempt trust or custodial account established exclusively for the purpose of paying qualified medical expenses of the member who is covered under a high deductible health plan. The member must be covered under the HSA plan for the months in which contributions are made. HIGH DEDUCTIBLE HEALTH PLAN (HDHP) is a health plan that satisfies certain requirements with respect to deductibles and out-of-pocket expenses. The plan cannot provide payment for any covered healthcare service until the plan year deductible is satisfied, with the exception of preventive care services. • that provides medical and surgical care for patients who have acute illnesses or injuries; and • is either listed as a hospital by the American Hospital Association (AHA) or accredited by the Joint Commission on Accreditation of Healthcare Organizations (JCAHO).

  • Retirement Savings Plan Within fifteen (15) days after the date of Termination of Employment, the Company shall pay to Employee a cash payment in an amount, if any, necessary to compensate Employee for the Employee’s unvested interests under the Company’s retirement savings plan which are forfeited by Employee in connection with the Termination of Employment.

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • 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 Credit Retirement credit for such periods of leave without pay shall be governed by the rules and regulations of the Division of Retirement and the provisions of Chapter 121, Florida Statutes.

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.

  • Deferred Compensation Account The Employer shall maintain on its books and records a Deferred Compensation Account to record its liability for future payments of deferred compensation and interest thereon required to be paid to the Employee or his beneficiary pursuant to this Agreement. However, the Employer shall not be required to segregate or earmark any of its assets for the benefit of the Employee or his beneficiary. The amount reflected in said Deferred Compensation Account shall be available for the Employer's general corporate purposes and shall be available to the Employer's general creditors. The amount reflected in said Deferred Compensation Account shall not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment or garnishment by creditors of the Employee or his beneficiary, and any attempt to anticipate, alienate, transfer, assign or attach the same shall be void. Neither the Employee nor his beneficiary may assert any right or claim against any specific assets of the Employer. The Employee or his beneficiary shall have only a contractual right against the Employer for the amount reflected in said Deferred Compensation Account and shall have the status of general unsecured creditors. Notwithstanding the foregoing, in order to pay amounts which may become due under this Agreement, the Employer may establish a grantor trust (hereinafter the "Trust") within the meaning of Section 671 of the Internal Revenue Code of 1986, as amended. The assets in such Trust shall at all times be subject to the claims of the general creditors of the Employer in the event of the Employer's bankruptcy or insolvency, and neither the Employee nor any beneficiary shall have any preferred claim or right, or any beneficial ownership interest in, any such assets of the Trust prior to the time such assets are paid to the Employee or beneficiary pursuant to this Agreement. The Employer shall credit to said Deferred Compensation Account the amount of any salary to which the Employee becomes entitled and which is deferred pursuant to Section 1 hereof, such amount to be credited as of the first business day of each month. The Employer shall also credit to said Deferred Compensation Account an Interest Equivalent in the amount and manner set forth in Section 3 hereof.

  • 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 Contribution 1. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay its cost of the 6.5% or 7.5% retirement contribution for employees in the bargaining unit who are covered under special Law Enforcement retirement plans. 2. The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications.

  • Xxxx Individual Retirement Custodial Account The following constitutes an agreement establishing a Xxxx XXX (under Section 408A of the Internal Revenue Code) between the depositor and the Custodian.