Common use of Secular Trust Defined Benefit Clause in Contracts

Secular Trust Defined Benefit. Provided that the Employee has not exercised the Employee’s withdrawal rights under the Trust, the Employer shall make pre-tax contributions to the Trust, pursuant to paragraph IX of the Agreement, based on the table below. Contributions may be adjusted based on changes in the maximum applicable tax rates so that the net contribution made to the Trust shall have no incremental tax impact on the Employee.

Secular Trust Defined Benefit. Provided that the Employee has not exercised the Employee’s withdrawal rights under the Trust, the Employer shall make pre-tax contributions to the Trust, pursuant to paragraph IX of the Agreement, based on the table below. Contributions may shall be adjusted based on changes in grossed up for the maximum applicable marginal tax rates so that the net contribution made to the Trust shall have no incremental tax impact on the Employee. All taxes due on the contribution shall be considered. This will include (but not be limited to) the taxes outlined below with the rates applicable as of the date of this Amendment.

Secular Trust Defined Benefit. Provided that the Employee has not exercised the Employee’s 's withdrawal rights under the Trust, the Employer shall make pre-tax contributions to the Trust, pursuant to paragraph IX of the Agreement, based on the table below. Contributions may be adjusted based on changes in the maximum applicable tax rates so that the net contribution made to the Trust shall have no incremental tax impact on the Employee.