Special Employer Contribution Clause Samples

Special Employer Contribution. Effective August 28, 2015, the special employer contribution will be terminated.
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Special Employer Contribution. Effective December 15, 2008, for services performed prior to such date, the Employer credited a special one-time Employer Contribution in an amount equal to $2,466,526 to the account of ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇, a Participant, in accordance with Section 1.05(c)(2) of the Plan Adoption Agreement, and such Employer Contribution is vested in full. Plan Name: Arch Capital Group (U.S.) Inc. Executive Supplemental Non-Qualified Savings and Retirement Plan (the “Plan”) Employer: Arch Capital Group (U.S.) Inc. (Note: These execution pages are to be completed in the event the Employer modifies any prior election(s) or makes a new election(s) in this Adoption Agreement. Attach the amended page(s) of the Adoption Agreement to these execution pages.) The following section(s) of the Plan are hereby amended effective as of the date(s) set forth below: IN WITNESS WHEREOF, the Employer has caused this Amendment to be executed on the date below. Employer: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇ By: ▇▇▇▇▇▇ ▇▇▇▇▇▇ Title: SVP and Secretary Date: December 11, 2008 Plan Number:44023 ECM NQ 2007 TA (07/2007) 2/12/2009 Ó 2007 Fidelity Management & Research Company 1 Definitions 1 2 Trust 3 (a) Establishment
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Special Employer Contribution. In addition to any contribution provided under subsection 5.1, effective on and after July 1, 2008 the Employers shall make an additional Employer Contribution equal to: (a) 3 percent of each Transition A Participant’s Eligible Compensation earned on and after July 1, 2008; and (b) 6 percent of each Transition B Participant’s Eligible Compensation earned on and after July 1, 2008; provided that, except in the case of any hourly warehouse employee employed at the Hammond, Indiana location who is represented by the United Steelworkers of America, but in such case subject to subsection 2.3, the Employers shall not make any such additional Employer Contribution on behalf of a Transition A Participant or a Transition B Participant for the 2009 Plan Year effective for payroll periods beginning on or after April 27, 2009 (or for any such Plan Year or Plan Years beginning on or after January 1, 2010, or any portions thereof, as is determined by the Company in its sole discretion). A ‘Transition A Participant’ means any Participant who, as of June 30, 2008, participated in the A.M. Castle & Co. Hourly Employees Retirement Plan or the A.M. Castle & Co. Salaried Employees Retirement Plan, is actively employed by an Employer, is at least age 40, has at least 5 Years of Service and is not a Transition B Participant. A ‘Transition B Participant’ means any Participant who, as of June 30, 2008, participated in the A.M. Castle & Co. Hourly Employees Retirement Plan or the A.M. Castle & Co. Salaried Employees Retirement Plan, is actively employed by an Employer, is at least age 50 and has at least 5 Years of Service. A Transition A Participant or Transition B Participant shall remain eligible for the special Employer Contribution provided by this Section 5.7, if any, only for so long as he remains continuously employed by an Employer.
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Related to Special Employer Contribution

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law. (b) It is understood that the administrative intent of this Article is that the Employer contribution is made for individuals who are participants in the medical insurance coverages. Participation will mean that eligible less-than-full-time employees who drop out of coverage will be considered to participate. Additionally, employees who elect to opt out of coverage for a cash incentive will be considered to participate.

  • Employer Contributions 16.01 Employer contributions shown in the tables in the attached appendices shall be made on all hours of work performed which are included in computing the eight (8) hours per day and forty (40) hours per week after which overtime is payable and shall be recorded on a standard remittance report provided by the Union and remitted on or before the fifteenth (15th) day of the month following the month for which contributions are due and payable, to the Trust Funds. Hours of work performed are interpreted to mean daily travel time, daily working time, reporting time, and, if the employee is required to perform a welding test, testing time. Contributions for overtime hours will be calculated as straight time hours. The Employer shall provide each employee covered by this Agreement with a statement with each weekly paycheque stating the total number of hours reported for contributions to the Pension and Health & Welfare Funds on behalf of that employee for the period covered by the paycheque. 16.02 All such funds due and payable to the above funds shall be deemed and are considered to be Trust Funds. It is expressly understood that training funds are not wages or benefits due to an employee and industry promotion funds are deemed to be dues for services rendered by the Association. 16.03 The Board of Trustees of the respective Trust Funds shall have authority to promulgate such agreements, plans and/or rules as may be necessary or desirable for the efficient and successful operation and administration of the said Trust Fund, including provisions for an audit, security, surety and/or liquidated damages to the extent that such may be necessary for the protection of the beneficiaries of such Trust Funds. In the event that any Employer is delinquent in his contributions to the above funds for more than thirty (30) days, the Employer and the Association shall be notified of such delinquency. If after five (5) days from such notice such delinquency has not been paid, the Employer shall pay to the applicable funds as liquidated damages, and not as a penalty, an amount equal to ten percent (10%) of the arrears for the month, or part thereof, in which the Employer is in default. Thereafter interest shall accumulate at the rate of two percent (2%) per month (24% per year compounded monthly) on any unpaid arrears, including liquidated damages. 16.04 Any and all agreements, plans or rules established by the Boards of Trustees of the respective Trust Funds shall be appended hereto and shall be deemed to be part of and expressly incorporated herein and the Employer and the Union shall be bound by the terms and provisions thereof. 16.05 The Employer shall not be required to make additional contributions or payments to any Industry Funds established by the Union or its Local Unions nor to any such funds established by Provincial or Territorial Government orders, regulations, or decrees for the purpose of providing similar benefits, it being understood and agreed that the contributions for herein, or any portions thereof shall be deemed to be in lieu of and/or shall be applied as payments to such funds. This provision shall not be applicable to any national funds or plans having general application and established by an Act of the Government of Canada. 16.06 In the Province of Ontario, the Trustees/Administrator of the employee benefit funds referred to in this Agreement shall promptly notify the Local Union of the failure by any Employer to pay any employee benefit contributions required to be made under this Agreement and which are owed under the said funds in order that the Program Administrator of the Ontario Employee Wage Protection Program may deem that there has been an assignment of compensation under the said Program in compliance with the Regulations to the Ontario Employment Standards Amendment Act, 1991, in relation to the Ontario Employee Wage Protection Program. 16.07 The parties hereto agree that contribution rates for the trust funds listed herein do not include any Provincial or Federal taxes.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Eligibility for Employer Contribution This section describes eligibility for an Employer Contribution toward the cost of coverage.

  • Maintaining Eligibility for Employer Contribution The employer's contribution continues as long as the employee remains on the payroll in an insurance eligible position. Employees who complete their regular school year assignment shall receive coverage through August 31.