Retirement Savings and Investment Plan. Contributions to the Company’s Retirement Savings and Investment Plan (“RSIP”) shall cease as of Employee’s Separation Date. To request changes to Employee’s RSIP account(s) or to obtain additional information, Employee should call Atkore Employee Service Center at 0-000-000-0000. RSIP contributions and loan repayments will cease as of Employee’s Separation Date. If Employee has an outstanding loan under the RSIP, Employee will have ninety (90) days from the Separation Date to repay in full the outstanding loan balance and finance charges in order to avoid current taxation on the amount of the loan. Should the repayment not occur, the RSIP will consider Employee to be in default of the loan and the outstanding amount of the loan will be treated as a distribution to Employee. The distribution would be currently taxable under applicable Internal Revenue Service rules. In the event that Employee elects not to repay the loan, Employee may avoid current taxation by making a rollover contribution of the outstanding loan balance to an Individual Retirement Account (“XXX”) in accordance with applicable tax law.
Retirement Savings and Investment Plan. Contributions to the Company’s Retirement Savings and Investment Plan (“RSIP”) shall cease as of Employee’s Date of Termination. To request changes to Employee’s RSIP account(s) or to obtain additional information, Employee should call the Atkore Employee Service Center at 0-000-000-0000. RSIP contributions and loan repayments will cease as of Employee’s Date of Termination. If Employee has an outstanding loan under the RSIP, Employee will have ninety (90) days from the Date of Termination to repay in full the outstanding loan balance and finance charges in order to avoid current taxation on the amount of the loan. Should the repayment not occur, the RSIP will consider Employee to be in default on the loan, and the outstanding amount of the loan will be treated as a distribution to Employee. The distribution would be currently taxable under applicable Internal Revenue Service rules.
Retirement Savings and Investment Plan. Mx. Xxxxxxxxxx’x active participation in The SchwabPlan Retirement Savings & Investment Plan shall cease as of the Separation Date. Mx. Xxxxxxxxxx will not receive matching contributions or any discretionary profit sharing for 2015 but will receive matching contributions and discretionary profit sharing, to the extent provided, for 2014. Mx. Xxxxxxxxxx’x vested interest in Company contributions (other than matching contributions, which are automatically fully vested) will be determined based on his service through the Separation Date.
Retirement Savings and Investment Plan. Contributions to the Company's Retirement Savings and Investment Plan ("RSlP") shall cease as of Employee's Retirement Date. To request changes to Employee's RSJP account(s) or to obtain additional information, Employee should call the Atkore Employee Service Center at 800-835-5095.
Retirement Savings and Investment Plan. Xx. Xxxxxx’x active participation in the SchwabPlan Retirement Savings and Investment Plan shall cease as of December 31, 2005. Xx. Xxxxxx’x vested interest in any Company contributions (other than matching contributions under the Company’s 401(k) plan, which are automatically fully vested) will be determined based on his service through the Separation Date.
Retirement Savings and Investment Plan. On or before January 1, 1997, Choice shall take, or cause to be taken, all action necessary and appropriate to establish and administer a new Plan named the Choice Hotels International, Inc. Retirement Savings and Investment Plan and Trust and to provide benefits thereunder after the date of the establishment of such Plan and Trust for all Choice Individuals who, immediately prior to the Distribution Date, were participants in or otherwise entitled to benefits under the Manor Care, Inc. Retirement Savings and Investment Sharing Plan. Manor Care will fund the Company Matching Contribution required with respect to the Current Plan Year in consideration for the payment by Choice of the Funding Payment described in Section 2.01(c), above. Participants in such Plan shall have a one-time election to convert transferred Manor Care Common Stock into cash or into Choice Common Stock. The Choice Hotels International, Inc. Retirement Savings and Investment Plan shall be intended to qualify for tax-favored treatment under Sections 401(a) and 401(k) of the Code and to be in compliance with the requirements of ERISA.
Retirement Savings and Investment Plan. Mr. Coghlan's active participation in The SchwabPlan Retiremxxx Xxxxxxx & Investment Plan (the "Plan") shall cease as of the date the salary continuation begins, September 19, 2003. Mr. Coghlan will not receive matching contributions or any discrexxxxxxx xxxfit sharing for 2003. Mr. Coghlan's vested interest in Company contributions (other than xxxxxxxx xxntributions, which are automatically fully vested) will be determined based on his service through the Termination Date (as defined in this Agreement). Information regarding distribution of vested Plan benefits will be forwarded to Mr. Coghlan directly from SchwabPlan at that time. If Mr. Cogxxxx xxx xxy outstanding loans from the Plan, he has 00 xxxx xxom the Termination Date to repay loan(s) in full to avoid a taxable event or imposition of a tax penalty. Please refer to the Plan documents and your loan documents for information about repayment of loans and you should consult with an independent advisor about the possible tax consequences if you fail to repay the loan within the terms of the Plan.
Retirement Savings and Investment Plan. However, the obligation to make a Matching Company Contribution for Choice Employees with respect to the Current Plan Year shall be assumed by Sunburst in consideration of the payment by Choice of the Funding Payment described in Section 2.01(c) above.
Retirement Savings and Investment Plan. Mr. Pottruck's active participation in The SchwabPlan Retiremexx Xxxxxxx & Xxxestment Plan shall cease as of September 30, 2004. Mr. Pottruck will not receive matching contributions or any discxxxxxxxxx xrofit sharing for 2004. Mr. Pottruck's vested interest in Company contributions (other xxxx xxxxhing contributions, which are automatically fully vested) will be determined based on his service through the Termination Date.
Retirement Savings and Investment Plan. Contributions to the Company’s Retirement Savings and Investment Plan (“RSIP”) shall cease as of Executive’s Date of Termination. Executive shall be fully vested in all Company contributions, if any, made to the RSIP on behalf of Executive. To request changes to Executive’s RSIP account(s) or to obtain additional information, Executive should log onto xxx.000x.xxx or call EmployeeAccess at 0-000-000-0000 and select Retirement and Savings Plans Services. Regular and periodic loan repayments will cease as of Executive’s Date of Termination. If Executive has an outstanding loan under the RSIP, Executive will have ninety (90) days from the Date of Termination to repay in full the outstanding loan balance in order to avoid current taxation on the amount of the loan. Alternatively, Executive may elect to remit repayments on a monthly basis directly to the recordkeeper (Fidelity Investments). Should the repayment not occur, the RSIP will consider Executive to be in default of the loan and the outstanding amount of the loan will be treated as a distribution to Executive. The distribution would be currently taxable under applicable Internal Revenue Service rules.
