SAVINGS INCENTIVE MATCH PLAN FOR EMPLOYEES Sample Clauses

SAVINGS INCENTIVE MATCH PLAN FOR EMPLOYEES. (SIMPLE) A plan adopted by an Eligible Employer under Code Section 401(k)(11) under which Eligible Employees are permitted to make Elective Deferrals to a Qualified Plan established under the SIMPLE 401(k) Plan Adoption Agreement.
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SAVINGS INCENTIVE MATCH PLAN FOR EMPLOYEES. This Custodial Account Agreement may not be used to establish a Savings Incentive Match Plan for Employees (SIMPLE) Individual Retirement Custodial Account, as defined in section 408(p) of the Code, or to accept contributions made by or on behalf of any Participant in same. XXXX INDIVIDUAL RETIREMENT CUSTODIAL ACCOUNT DISCLOSURE STATEMENT INTRODUCTION This Xxxx Individual Retirement Custodial Account ("Xxxx XXX") Disclosure Statement is being provided to you, as the Xxxx XXX "Participant" (also known as the Xxxx XXX "Depositor" or "Owner"), in accordance with the requirements of the Internal Revenue Code (the "Code") and the associated regulations. It presents a general overview of the rules and statutory requirements governing Xxxx IRAs. Please read this Disclosure Statement carefully and in conjunction with a review of both the Xxxxxxx Xxxxx & Associates, Inc., Xxxx Individual Retirement Custodial Account Agreement (the "Agreement") and the Xxxxxxx Xxxxx & Associates, Inc., Xxxx XXX Application and Agreement to Participate (the "Application and Agreement to Participate" or "Application"). For purposes of this Disclosure Statement, the terms "Traditional IRA" and "IRA" will be used interchangeably. In addition, note that wherever these terms are used, they shall be deemed to also refer to a "SEP IRA" established by a Participant to receive employer contributions under a Simplified Employee Pension Plan ("SEP Plan"), unless otherwise specified. The Custodian of your Xxxx XXX and the sponsor of your Xxxx XXX Custodial Account Agreement and Xxxx XXX account is Xxxxxxx Xxxxx & Associates, Inc. Your Xxxx XXX at Xxxxxxx Xxxxx & Associates, Inc., is a self-directed, tax deferred custodial Xxxx XXX account established and maintained by you for the exclusive benefit of you, and upon your death, your Beneficiaries. Your Xxxx XXX is governed by the provisions of sections 408 and 408A of the Code as well as by the terms of the Xxxxxxx Xxxxx & Associates, Inc., Xxxx Individual Retirement Custodial Account Agreement and the Application and Agreement to Participate. Your Xxxxxxx Xxxxx & Associates, Inc., Xxxx XXX will not become effective until you submit a completed Application and Agreement to Participate to Xxxxxxx Xxxxx & Associates, Inc., as Custodian. This Disclosure Statement shall be deemed to have been furnished to you on the date you complete the Application and Agreement to Participate to adopt a Xxxxxxx Xxxxx & Associates, Inc., Xxxx XXX. How to Obtain More ...
Sample 1
SAVINGS INCENTIVE MATCH PLAN FOR EMPLOYEES. This Custodial Account Agreement may not be used to establish a Savings Incentive Match Plan for Employees (SIMPLE) Individual Retirement Custodial Account, as defined in section 408(p) of the Code, or to accept contributions made by or on behalf of any Participant in same.
Sample 1

Related to SAVINGS INCENTIVE MATCH PLAN FOR EMPLOYEES

  • Long-term Incentive Compensation Programs During the Employment Period, the Executive shall participate in all long-term incentive compensation programs for key executives at a level that is commensurate with the Executive's participation in such plans immediately prior to the Effective Date, or, if more favorable to the Executive, at the level made available to the Executive or other similarly situated officers at any time thereafter.

  • 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.

  • Incentive Compensation Plans The occurrence of any of the following: (i) a material reduction by the Corporation in the Executive’s (A) annual incentive compensation target or maximum opportunity, or (B) long-term incentive compensation target or maximum opportunity (measured based on grant date fair value of any equity-based awards), in each case, as in effect immediately prior to the Change in Control, or (ii) a change in the performance conditions, vesting, or other material terms and conditions applicable to annual and/or long-term incentive compensation awards granted to Executive after the Change in Control which would have the effect of materially reducing the Executive’s aggregate potential incentive compensation from the level in effect immediately prior to the Change in Control; or

  • Incentive Compensation Plan In addition to receipt of Basic Compensation under the Employment Agreement, you shall participate in the Incentive Compensation Plan for Executive Officers of the Company (the “Compensation Plan”) and shall be eligible to receive incentive compensation under the Compensation Plan as may be awarded in accordance with its terms.

  • Profit Sharing Plan Under the Northrim BanCorp, Inc. Profit Sharing Plan (the “Plan”), Executive shall be eligible to receive an annual profit share based on performance as defined by the Board of Directors. Executive will be classified in the Executive tier under the Plan’s Responsibility Factors. If Employer is required to prepare an accounting restatement due to “material noncompliance of the Employer,” the Employer will recover from the Executive any incentive compensation during the three (3) years prior to the date of the restatement, in excess of what would have been paid under the restatement. Executive’s signature on this Agreement authorizes Employer to offset or deduct from any compensation Employer may owe Executive, any excess payments (in whole or in part) that Executive may owe Employer due to such restatement(s).

  • Executive Compensation Plans Executive shall be entitled during the Term to participate, without discrimination or duplication, in executive compensation plans and programs intended for general participation by senior executives of the Bank, as presently in effect or as they may be modified or added to by the Bank from time to time, subject to the eligibility and other requirements of such plans and programs, including without limitation any stock option plans, plans under which restricted stock/restricted stock units, performance-based restricted stock/restricted stock units or performance-accelerated restricted stock/restricted stock units (collectively, “stock plans”) may be awarded, other annual and long-term cash and/or equity incentive plans, and deferred compensation plans. The Bank makes no commitment under this Section 5(a) to provide participation opportunities to Executive in all plans and programs or at levels equal to (or otherwise comparable to) the participation opportunity of any other executive.

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Compensation Plans Following any termination of the Executive's employment, the Company shall pay the Executive all unpaid amounts, if any, to which the Executive is entitled as of the Date of Termination under any compensation plan or program of the Company, at the time such payments are due.

  • Deferred Compensation Plan Manager shall be eligible to participate in the First Mid-Illinois Bancshares, Inc. Deferred Compensation Plan in accordance with the terms and conditions of such Plan.

  • Equity Incentive Compensation Executive shall be eligible to receive annual equity awards based on the Company’s and Executive’s actual performance, as determined by the Board or the Compensation Committee. Each such equity award granted to Executive hereunder shall be subject to the terms and conditions of the incentive plan pursuant to which it is granted and such other terms and conditions as are established by the Board or Compensation Committee and set forth in an award agreement evidencing the grant of such equity award.

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