Non-Contributory Employee definition
Non-Contributory Employee means a U.S. employee of the Company or any Affiliate who is eligible to participate in the Pension Plan under a formula other than the Contributory Formula (as defined in the Pension Plan).
Examples of Non-Contributory Employee in a sentence
A Non-Contributory Employee may elect to become a Contributory Employee at either 1 April or 1 October by contributing 5% or more of salary.