Common use of ▇▇▇▇▇-▇▇▇▇▇ Contribution Formula Clause in Contracts

▇▇▇▇▇-▇▇▇▇▇ 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.

Appears in 1 contract

Sources: Defined Contribution Plan and Trust (National Penn Bancshares Inc)

▇▇▇▇▇-▇▇▇▇▇ 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.

Appears in 1 contract

Sources: Defined Contribution Prototype Plan and Trust Agreement (Mercantile Bancorp, Inc.)