Common use of Specify one option only Clause in Contracts

Specify one option only. The Participating Employer will contribute % of the Compensation of such Participant for the Plan Month. directed by each Participant, with a minimum of % and a maximum of % of the Compensation of such Participant. The Participating Employer will contribute for each Participant: 4 % of Compensation based on _0_-_1_4attained Years of Service _6 % of Compensation based on _1_5_+_ attained Years of Service % of Compensation based on attained Years of Service % of Compensation based on attained Years of Service % of Compensation based on attained Years of Service For Participants hired after March 31, 1986, the Participating Employer will contribute the percentage of Compensation of such Participant for the Plan Month corresponding to the rate required of the employer share portion of Social Security (Old Age, Survivors, and Disability) under the Federal Insurance Contributions Act, as defined in C.R.S. Section 00-00-000 for that Plan Month. Employer Contributions will stop once earnings have reached the social security annual maximum taxable earnings limit. For Participants hired on or before March 31, 1986, the Participating Employer will contribute the percentage of Compensation of the Participant for the Plan Month corresponding to the rate required for the employer share of both the Social Security and Medicare components of the Federal Insurance Contributions Act, as defined in C.R.S. Section 00-00-000 for that Plan Month. For Participants hired on or before March 31, 1986, the Social Security component of the Employer Contribution will taxable earnings limit. Note if this option is selected, it must also be selected below in Section 3.3.

Appears in 1 contract

Samples: Colorado Retirement Association Retirement Plan and Trust Agreement

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Specify one option only. The Participating Employer Mandatory Participant Contribution will contribute equal 4 % of the Compensation of such Participant for the Plan Month. The Mandatory Participant Contribution will equal an amount directed by each Participant, with a minimum of % and a maximum of % of the Compensation of such ParticipantParticipant for the Plan Month. Once an election is made, it is an irrevocable election. The Participating Employer Mandatory Participant Contribution will contribute for each Participantequal: 4 % of Compensation based on _0_-_1_4attained Years attained of Service _6 % of Compensation based on _1_5_+_ attained Years of Service % of Compensation based on attained Years of Service % of Compensation based on attained Years of Service % of Compensation based on attained Years of Service For Participants hired after March 31, 1986, the Participating Employer Mandatory Participant Contribution will contribute equal the percentage of Compensation of such Participant for the Plan Month corresponding to the rate required of the employer share portion of Social Security (Old Age, Survivors, and Disability) under the Federal Insurance Contributions Act, as defined in C.R.S. Section 00-00-000 for that Plan Month. Employer Mandatory Participant Contributions will stop once earnings have reached the social security annual maximum taxable earnings limit. For Participants hired on or before March 31, 1986, the Participating Employer will contribute the percentage of Compensation of the Participant for the Plan Month corresponding to the rate required for the employer share of both the Social Security and Medicare components of the Federal Insurance Contributions Act, as defined in C.R.S. Section 00-00-000 for that Plan Month. For Participants hired on or before March 31, 1986, the Social Security component of the Employer Contribution will Mandatory Participant earnings have reached the Social Security annual maximum taxable earnings limit. Note if this option is selected, it must also be selected below in Section 3.33.1.

Appears in 1 contract

Samples: Colorado Retirement Association Retirement Plan and Trust Agreement

Specify one option only. The Participating Employer will contribute 4 % of the Compensation of such Participant for the Plan Month. directed by each Participant, with a minimum of % and a maximum of % of the Compensation of such Participant. The Participating Employer will contribute for each Participant: 4 % of Compensation based on _0_-_1_4attained _ attained Years of Service _6 % of Compensation based on _1_5_+_ attained Years of Service % of Compensation based on attained Years of Service % of Compensation based on attained Years of Service % of Compensation based on attained Years of Service For Participants hired after March 31, 1986, the Participating Employer will contribute the percentage of Compensation of such Participant for the Plan Month corresponding to the rate required of the employer share portion of Social Security (Old Age, Survivors, and Disability) under the Federal Insurance Contributions Act, as defined in C.R.S. Section 00-00-000 for that Plan Month. Employer Contributions will stop once earnings have reached the social security annual maximum taxable earnings limit. For Participants hired on or before March 31, 1986, the Participating Employer will contribute the percentage of Compensation of the Participant for the Plan Month corresponding to the rate required for the employer share of both the Social Security and Medicare components of the Federal Insurance Contributions Act, as defined in C.R.S. Section 00-00-000 for that Plan Month. For Participants hired on or before March 31, 1986, the Social Security component of the Employer Contribution will taxable earnings limit. Note if this option is selected, it must also be selected below in Section 3.3.

Appears in 1 contract

Samples: Colorado Retirement Association Retirement Plan and Trust Agreement

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Specify one option only. The Participating Employer Mandatory Participant Contribution will contribute equal Participant for the Plan Month. 4 % of the Compensation of such The Mandatory Participant for the Plan Month. Contribution will equal an amount directed by each Participant, with a minimum of % and a maximum of % of the Compensation of such ParticipantParticipant for the Plan Month. Once an election is made, it is an irrevocable election. The Participating Employer Mandatory Participant Contribution will contribute for each Participantequal: 4 % of Compensation based on _0_-_1_4attained Years attained of Service _6 % of Compensation based on _1_5_+_ attained Years of Service % of Compensation based on attained Years of Service % of Compensation based on attained Years of Service % of Compensation based on attained Years of Service For Participants hired after March 31, 1986, the Participating Employer Mandatory Participant Contribution will contribute equal the percentage of Compensation of such Participant for the Plan Month corresponding to the rate required of the employer share portion of Social Security (Old Age, Survivors, and Disability) under the Federal Insurance Contributions Act, as defined in C.R.S. Section 00-00-000 for that Plan Month. Employer Mandatory Participant Contributions will stop once earnings have reached the social security annual maximum taxable earnings limit. For Participants hired on or before March 31, 1986, the Participating Employer will contribute the percentage of Compensation of the Participant for the Plan Month corresponding to the rate required for the employer share of both the Social Security and Medicare components of the Federal Insurance Contributions Act, as defined in C.R.S. Section 00-00-000 for that Plan Month. For Participants hired on or before March 31, 1986, the Social Security component of the Employer Contribution will Mandatory Participant earnings have reached the Social Security annual maximum taxable earnings limit. Note if this option is selected, it must also be selected below in Section 3.33.1.

Appears in 1 contract

Samples: Colorado Retirement Association Retirement Plan and Trust Agreement

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