▇▇▇▇▇-▇▇▇▇▇ Contribution Formula Clause Samples

▇▇▇▇▇-▇▇▇▇▇ Contribution Formula. (See Section 2.2(a)(1) of the BPD for rules regarding the application of the ▇▇▇▇▇-▇▇▇▇▇ Contribution Formula.) The Employer will make a contribution for each Eligible Participant’s ▇▇▇▇▇-▇▇▇▇▇ Act Service based on the hourly contribution rate for the Participant’s employment classification, as designated under Schedule A of this Agreement. The contributions under this formula will be allocated under the Pro Rata Allocation Formula under #21.a. below, but based on the amounts designated in Schedule A as attached to this Agreement. [If this d. is selected, #21.a. below also must be selected.] [ ] (1) The contributions under the ▇▇▇▇▇-▇▇▇▇▇ Contribution Formula will offset the following contributions under the Plan: [Check (a) and/or (b). If this (1) is not checked, contributions under the ▇▇▇▇▇ ▇▇▇▇▇ Contribution Formula will not offset any other Employer Contributions under the Plan.] [ ] (a) Employer Nonelective Contributions [ ] (b) Employer Matching Contributions (2) The default provisions under Section 2.2(a)(1) are modified as follows: _____ [Note: Any modification to the default provisions under (2) must satisfy the nondiscrimination requirements under §1.401(a)(4) of the regulations. Any modification under (2) will not allow the offset of any contributions to any other Plan.]
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▇▇▇▇▇-▇▇▇▇▇ Contribution Formula. The Employer may elect a ▇▇▇▇▇-▇▇▇▇▇ Contribution Formula under Part 4, #12.d. of the Nonstandardized Agreement [Part 4C, #20.d. of the Nonstandardized 401(k) Agreement]. Under the ▇▇▇▇▇-▇▇▇▇▇ Contribution Formula, the Employer will provide an Employer Contribution for each Eligible Participant who performs ▇▇▇▇▇-▇▇▇▇▇ Act Service. For this purpose, ▇▇▇▇▇-▇▇▇▇▇ Act Service is any service performed by an Employee under a public contract subject to the ▇▇▇▇▇-▇▇▇▇▇ Act or to any other federal, state or municipal prevailing wage law. Each such Eligible Participant will receive a contribution based on the hourly contribution rate for the Participant’s employment classification, as designated on Schedule A of the Agreement. Schedule A is incorporated as part of the Agreement. In applying the ▇▇▇▇▇-▇▇▇▇▇ Contribution Formula under this subsection (1), the following default rules will apply. The Employer may modify these default rules under Part 4, #12.d.(2) of the Nonstandardized Agreement [Part 4C, #20.d.(2) of the Nonstandardized 401(k) Agreement].
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▇▇▇▇▇-▇▇▇▇▇ Contribution Formula. The Employer may elect under Part 4 of the Nonstandardized Agreement [Part 4C of the Nonstandardized 401(k) Agreement] to provide an Employer Contribution for each Eligible Participant who performs ▇▇▇▇▇-▇▇▇▇▇ Act Service. (See Section 2.2(a)(1) (profit sharing plan and 401(k) plan) and Section 2.4(e) (money purchase plan) for special rules regarding the application of the ▇▇▇▇▇-▇▇▇▇▇ Contribution Formula.)
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▇▇▇▇▇-▇▇▇▇▇ Contribution Formula. The Employer may elect under Part 4, #12.e. of the Nonstandardized Agreement to provide an Employer Contribution for each Eligible Participant who performs ▇▇▇▇▇-▇▇▇▇▇ Act Service. For this purpose, ▇▇▇▇▇-▇▇▇▇▇ Act Service is any service performed by an Employee under a public contract subject to the ▇▇▇▇▇-▇▇▇▇▇ Act or to any other federal, state or municipal prevailing wage law. Each such Eligible Participant will receive a contribution based on the hourly contribution rate for the Participant’s employment classification, as designated on Schedule A of the Agreement. Schedule A is incorporated as part of the Agreement. In applying the ▇▇▇▇▇-▇▇▇▇▇ Contribution Formula under this subsection (e), the following default rules will apply. The Employer may modify these default rules under Part 4, #12.e.(2) of the Nonstandardized Agreement.
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▇▇▇▇▇-▇▇▇▇▇ Contribution Formula. (See Section 2.2(a)(1) of the BPD for rules regarding the application of the ▇▇▇▇▇-▇▇▇▇▇ Contribution Formula.) The Employer will make a contribution for each Eligible Participant's ▇▇▇▇▇-▇▇▇▇▇ Act Service based on the hourly contribution rate for the Participant's employment classification, as designated under Schedule A of this Agreement. The contributions under this formula will be allocated under the Pro Rata Allocation Formula under #21.a. below, but based on the amounts designated in Schedule A as attached to this Agreement. [If this d. is selected, #21.a. below also must be selected.] ? 2001 SunTrust Bank
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Related to ▇▇▇▇▇-▇▇▇▇▇ Contribution Formula

  • Contribution Formula - Basic Life Coverage For employee basic life coverage and accidental death and dismemberment coverage, the Employer contributes one-hundred (100) percent of the cost.

  • 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.

  • 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.

  • Contribution Formula Dental Coverage a. Faculty Member Coverage. For faculty member dental coverage, the Employer contributes an amount equal to the lesser of ninety percent (90%) of the faculty member premium of the State Dental Plan, or the actual faculty member premium of the dental plan chosen by the faculty member. However, for calendar years beginning January 1, 2014, and January 1, 2015, the minimum employee contribution shall be five dollars ($5.00) per month.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.