Examples of Company Retirement Contribution in a sentence
In the event a Basic, Matching or Company Retirement Contribution (or any portion thereof) is made under a mistake of fact, such a contribution shall be returned to the Employers within one year after the payment of the contribution.
Each Employer shall cause to be paid to the Trustee as its Company Retirement Contribution hereunder for each month an amount equal to the sum of the product of each IAR Member’s Contribution Hours during each Pay Period that ends within such month multiplied by the applicable Contribution Rate minus the forfeitures applicable to such Employer pursuant to Section 7.3.
Subject to the following paragraph, the amount credited to a Participant’s Supplemental Company Retirement Contribution Subaccount and Nonqualified Holding Contribution Subaccount shall be fully vested on the earlier of the date the Participant, while an Employee, (a) has completed ten years of Service, as defined by the Savings Plan, and attained age 55, (b) has completed five years of Service, as defined by the Savings Plan, and attained age 65 and (c) dies.
In no event, however, shall an individual be allowed to borrow from his Company Matching Contribution Account, Company Retirement Contribution Account, Trane Pre-2010 Company Match Account, Trane QNEC-QMAC Account, Trane Employer Contribution Account, Trane ESOP Basic Account or Trane ESOP Account.
Each Participant’s Account shall consist of up to three subaccounts, as applicable: a Company Retirement Contribution Subaccount, a Supplemental Company Retirement Contribution Subaccount, and a Nonqualified Holding Contribution Subaccount.
The Corporation shall credit an amount to each Participant’s Supplementary Company Retirement Account equal to the excess of (i) the Company Retirement Contributions that would have been made under the RSP in a Plan Year, without regard to any limitations on such Company Retirement Contributions contained in the RSP and/or any cap on Compensation therein, over (ii) the actual Company Retirement Contribution made under the RSP.
Notwithstanding any provisions of the Plan to the contrary, in no event shall the Company Contributions credited to a Participant’s Account exclusive of gains and losses credited in accordance with Section 5.2(b), for a calendar year exceed two percent (2%) of such Participant’s Compensation for such year, less the amount credited to the Participant’s Company Retirement Contribution Account in the Savings Plan.
Any such additional Company Retirement Contribution shall be allocated to the Company Retirement Contribution Account of the Special Company Retirement Contribution Participant.
After such transfer, the balance in the Eligible Employee’s Nonqualified Holding Contribution Subaccount shall be transferred to such Participant’s Supplemental Company Retirement Contribution Subaccount.
As soon as administratively feasible following the end of each calendar year (or, in the event the Eligible Employee Separates from Service during such year, as soon as administratively feasible following Separation from Service), the Plan Administrator shall credit each Eligible Employee’s Company Retirement Contribution Subaccount the amount, if any, determined under Section 4.4.