Can a Savings and Incentive Sample Clauses

A 'Can a Savings and Incentive' clause establishes the terms under which cost savings or performance incentives are recognized and distributed between parties in a contract. Typically, this clause outlines the criteria for identifying genuine savings, the method for calculating incentive payments, and the process for sharing these benefits, such as splitting cost reductions between a contractor and a client. Its core practical function is to motivate efficient performance and cost-effective solutions by allowing both parties to benefit from savings, thereby aligning their interests and encouraging proactive management.
Can a Savings and Incentive. Match Plan for Employees of Small Employers (“SIMPLE”) Be Used in Conjunction with a Traditional IRA?
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Can a Savings and Incentive. Match Plan for Employees of Small Employers (“SIMPLE”) Be Used in Conjunction with a Traditional ▇▇▇?
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Can a Savings and Incentive. Match Plan for Employees of Small Employers (“SIMPLE”) Be Used in Conjunction with a Traditional ▇▇▇? (1) a SIMPLE Plan generally is available only to employers with fewer than 100 employees, (2) contributions must be made on behalf of all employees of the employer (other than bargaining unit employees) who satisfy certain minimum participation requirements, (3) contributions are made to a special SIMPLE ▇▇▇ that is separate and apart from your other IRAs, (4) if you withdraw from your SIMPLE ▇▇▇ during the two-year period during which you first began participation in the SIMPLE Plan, the early distribution excise tax (if otherwise applicable) is increased to 25%; and (5) during this two-year period, any amount withdrawn may be rolled over tax-free only into another SIMPLE ▇▇▇ (and not to a Traditional ▇▇▇ (that is not a SIMPLE ▇▇▇) or to a ▇▇▇▇ ▇▇▇). It is your responsibility and that of your employer to see that contributions in excess of normal ▇▇▇ limits are made under and in accordance with a valid SIMPLE Plan. If you are at least age 50 before the end of the plan year, you may make additional “catch-up” contributions in the amount of $3,000 for 2015, and $3,000 in 2016. The limits may be adjusted periodically for cost of living increases. Please note that IRS Model 5304-SIMPLE ▇▇▇ and 5305- SA Forms must be provided to any participating SIMPLE- ▇▇▇ Employee.
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Related to Can a Savings and Incentive

  • Special Parental Allowance for Totally Disabled Employees (a) An employee who: (i) fails to satisfy the eligibility requirement specified in subparagraph 17.05(a)(ii) solely because a concurrent entitlement to benefits under the Disability Insurance (DI) Plan, the Long-term Disability (LTD) Insurance portion of the Public Service Management Insurance Plan (PSMIP) or via the Government Employees Compensation Act prevents the employee from receiving Employment Insurance or Québec Parental Insurance Plan benefits, and (ii) has satisfied all of the other eligibility criteria specified in paragraph 17.05(a), other than those specified in sections (A) and (B) of subparagraph 17.05(a)(iii), shall be paid, in respect of each week of benefits under the parental allowance not received for the reason described in subparagraph (i), the difference between ninety-three per cent (93%) of the employee's rate of pay and the gross amount of his or her weekly disability benefit under the DI Plan, the LTD Plan or via the Government Employees Compensation Act. (b) An employee shall be paid an allowance under this clause and under clause 17.05 for a combined period of no more than the number of weeks during which the employee would have been eligible for parental, paternity or adoption benefits under the Employment Insurance or Québec Parental Insurance Plan, had the employee not been disqualified from Employment Insurance or Québec Parental Insurance Plan benefits for the reasons described in subparagraph (a)(i).