Supplemental Contributions. Each Employer may contribute for a Plan Year a Supplemental Contribution to be allocated among Participants in such amount, if any, as shall be determined by the Employer. The rate of the Supplemental Contribution need not be uniform among all divisions of the Employer.
Supplemental Contributions. Rollover Contributions and Plan-to-Plan Transfers...................................................3.04 QNECS - Extraordinary Employer Contributions........................................................3.05
Supplemental Contributions. Each Participant who has had his wage reduced by the appropriate maximum amount in Section 2 shall be allowed to have his wage reduced in multiples of $2, which amount shall not exceed the amount specified in Appendix C. Such amount shall be known as “Supplemental Contributions”.
Supplemental Contributions. Each year beginning with the 2005/2006 school year, each teacher will receive a supplemental retirement pay contribution for completing a year of teaching experience in the South Xxxxxxxxxx Community School Corporation. This contribution will be made to the teacher's 401(a) plan account at the end of each school year. The amount of the contribution shall be as follows:
(i) For a teacher who has completed twenty (20) or more years of teaching experience in South Xxxxxxxxxx Community School Corporation at the end of that school year: $140.00
(ii) For a teacher who has completed less than twenty (20) years but ten (10) or more years of teaching experience in South Xxxxxxxxxx Community School Corporation at the end of that school year: $100.00
(iii) For a teacher who has completed less than ten (10) years of teaching experience in South Xxxxxxxxxx Community School Corporation at the end of that school year: $60.00
Supplemental Contributions. The Employer shall contribute a Supplemental Contribution in an amount equal to two percent of the Considered Compensation of all Members during the Plan Year or such greater amount as shall be determined by the Employer.
Supplemental Contributions. Employer contribution rates shall initially increase by a supplemental contribution of eight and 3/10 ($0.083) cents per contribution-eligible hour beginning with contributions due for hours worked in January 2012 and ending with hours worked through the end of June 2012. Commencing immediately in the event the Fund is unsuccessful in prospectively terminating its 412(e) relief, but no later than with hours worked in July 2012, the supplemental employer contribution rate shall be reduced to seven and 7/10 cents ($0.077) per contribution-eligible hour. The supplemental employer contribution shall be increased by an additional seven and 7/10 ($0.077) cents per contribution-eligible hour beginning with the contributions due for hours worked in October 2012 and each October thereafter up to and including October 2023. • Each of the supplemental contribution increases described above shall be subject to the following automatic reduction in the event the Pension Fund is successful in prospectively terminating its 412(e) relief: (a) a reduction of one and 2/10 cents ($0.012) per contribution- eligible hour in the initial supplemental contribution rate of eight and 3/10 cents ($0.083); and (b) a reduction of six tenths of a cent ($0.006) per contribution-eligible hour in the subsequent supplemental contribution rates of seven and 7/10 cents ($0.077). Such reduction shall first apply with respect to hours worked as of the first day of the month in which the 412(e) relief is terminated. In no event shall the employer supplemental contribution be reduced below zero. • For any employer which negotiates a new or extended collective bargaining agreement with an effective date on or after January 1, 2012, that employer shall enter the Schedule and shall begin payment of contributions under this Schedule at the contribution rate then applicable for the year in which the Schedule first applies to that employer. The supplemental contribution rates described above are in addition to the current rate of one dollar and twenty cents ($1.20), and shall be dedicated solely to improving the funding of the Pension Fund, and shall not be used to increase or improve benefits. The supplemental contribution will be adjusted proportionally for other trustee-approved base contribution rates. The following are annual standards for assessing whether the requirements and objectives of the Rehabilitation Plan are being met. The Funded Ratios (market value of assets divided by accrued liabili...
Supplemental Contributions. The Employer may contribute for any Plan Year a Supplemental Contribution for its Employees who are on its payroll for its Utah plant in such amount, if any, as shall be determined by the Employer. The Employer may contribute for any Plan Year a Supplemental Contribution for its Employees who are on its payroll for its Mississippi plant in such amount, if any, as shall be determined by its Employer. The amount of Supplemental Contribution made on behalf of Employees on the Employer's payroll for its Utah and Mississippi plants need not be uniform.
(2) Effective January 1, 1999, Section 5.04 of the Plan is amended in its entirety to provide as follows:
Supplemental Contributions. As reasonably determined by the Board of Managers from time-to-time to satisfy the capital needs (or other needs) of the Company, the Board of Managers may provide written notice to each Member requesting each Member to make additional Capital Contributions in excess of the Mandatory Capital Contributions Cap (which, up to the Supplemental Contributions Cap, are referred to herein as “Supplemental Contributions”) on such terms and conditions as the Board of Managers may reasonably determine in order to satisfy capital needs (or other needs) of the Company consistent with the Business Plan, applicable Budget, or other transaction approved by the Members or Board of Managers pursuant to the terms of this Agreement; provided, however, that any such request shall be made to the Members pro rata according to their relative Percentage Interests at the time such request is made and on the same terms and conditions for all Members. The Members shall make such Capital Contributions in cash by wire transfer of immediately available funds, no later than ten (10) business days after such notice. Notwithstanding the foregoing, the Supplemental Contributions for all Members in aggregate shall not exceed the Supplemental Capital Contributions Cap, which amount shall be in addition to the Mandatory Capital Contributions Cap. In the event that any Member (“Supplemental Non-Contributing Member”) fails to timely make a Supplemental Contribution in response to a request pursuant to this Section 3.2.3, then the following shall apply:
(a) Each of the other Member(s) shall have the option (including via any Affiliate of each such Member (other than Verizon Wireless), which Affiliate shall then be admitted as a Member of the Company) to make its respective requested Supplemental Contribution as well as all or less than all of the requested additional Supplemental Contribution not made, whether in whole or in part, by each Supplemental Non-Contributing Member, in which case the Board of Managers shall cause the Company’s books and records to be updated to reflect such additional Supplemental Contribution, the addition of any contributing Affiliate of a Member (other than Verizon Wireless) as a new Member of the Company, and the corresponding changes to the Members’ Percentage Interests and Membership Interests based on the Capital Account balance of such Member divided by the total Capital Account balances of all Members; and
(b) Section 3.2.4(c) (Anti-Dilution Floor) shall therea...
Supplemental Contributions. The Employer may, at its sole discretion, contribute a Supplemental Contribution, for any payroll period, in an amount to be determined at the Employer’s discretion on behalf of all Participants who satisfy the requirement of Section 2.02(b) during the payroll period.
Supplemental Contributions. This Agreement authorizes the Employer to deduct from pre-tax compensation additional sums as may be elected by a covered employee for certain Trust Fund benefit coverage beginning with the first month of Trust Fund eligibility following the Trust Fund lag month. All employer contributions and any additional wage calculations owing to the Trust Fund shall be deemed Employer Contributions for reporting and recordkeeping by the Trust Fund. Upon appropriate election for coverage by a covered employee, any failure by an Employer to make the appropriate internal compensation calculation and/or payment to the Trust Fund shall nevertheless be deemed an employer payment obligation to the Trust Fund.
