Company Contributions definition
Examples of Company Contributions in a sentence
In addition, the Company agrees to provide term life insurance (at the Company’s cost) sufficient to pay the Employee’s Beneficiary an amount equal to the sum of all Company Contributions scheduled to be made under 3, above, less Company Contributions previously made to the Trust.
In addition, the Trustee will distribute to the Employee an amount sufficient to cover the Employee’s estimated income tax liability resulting from investment earnings on Company Contributions.
The Committee may exercise discretion regarding the performance metrics used to assess overall corporate performance relative to both the Company’s current annual financial plan and long-term strategic plan when determining Company Contributions.
All Company Contributions shall be transmitted to the Trustee by the Company on the Date of Contribution (described in 3, above), or on the first business day thereafter if the Date of Contribution falls on a weekend or holiday, and shall be credited to the Employee’s Account immediately upon receipt.
The performance metrics and targets in connection with such Company Contributions shall be established each year in the sole discretion of the Committee, following consultation with the Chief Executive Officer of the Company.