Example ContractsClausesAutomatic Company Contributions
Automatic Company Contributions
Automatic Company Contributions contract clause examples

means the amounts paid by each Participating Company to the Trust Fund on behalf of each Pension Ineligible Participant, pursuant to the terms of Section 3.3.

Supplemental Company Contributions. A Participant who is a participant in the Savings Plan and whose benefit under the Savings Plan is limited by compensation limits under the Code (“Compensation Limits”) may be eligible for a Supplemental Company Contribution as described in this [Section 7]. Only Employees who have been selected by the Compensation Committee to be Participants for the applicable Plan Year shall be eligible to receive Supplemental Company Contributions for the Plan Year. Except as otherwise provided in this [Section 7], the Supplemental Company Contribution shall be equal to the difference between # the amount which was actually credited to the Participant’s account under the Savings Plan as a non-elective Company contribution for a pay period (or such other period as the Administrator determines), and # the amount that would have been credited to the Participant’s Savings Plan account as a non-elective contribution for such period had the amount not been limited as a result of the Compensation Limits; provided that the Supplemental Company Contribution for each Plan Year shall not exceed 7% of the Participant’s base salary and annual cash bonus for such Plan Year in excess of the Compensation Limits for the Plan Year, or such other limit as the Compensation Committee determines for the Plan Year. Notwithstanding the foregoing, the Compensation Committee shall have discretion to reduce the amount of any Supplemental Company Contribution allocated to a Participant’s Company Contribution Account for any pay period to satisfy the Plan Year limit described above.

Company Contributions. On the date specified by the Administrative Committee for the crediting of a Company Contribution to the Plan on behalf of a Participant, the Administrative Committee shall credit the Participant’s Company Contribution Account with an amount equal to the Company Contribution and shall allocate such amount to Investment Subaccounts in accordance with the Participant’s election under Section 4.2.

Automatic Contributions. Except as provided in [Section 5.05(d)], an Eligible Participant will be treated as having elected to direct the Employer to reduce his or her Compensation in order that the Employer may make Pre-tax Elective Deferrals to the Plan equal to the following uniform percentages of Compensation:

Company Retirement Contributions. The Employer shall make Company Retirement Contributions with respect to each Company Retirement Contribution Eligible Participant as set forth in this Section 4.04. A Company Retirement Contributions Eligible Participant is not required to make Salary Deferrals and/or Roth 401(k) Contributions in order to be eligible to receive Company Retirement Contributions.

. Subject to subsection # hereof, an Automatic Company Contribution will be made for each Plan Year with respect to each Active Participant who is a Pension Ineligible Participant in such Plan Year, in an amount equal to 2.5 percent of the Pension Ineligible Participant’s Compensation for such Plan Year; provided, however, only Compensation payable during the portion of the Plan Year during which such Participant # is a Covered Employee and # meets the requirements of subparagraphs [(i) through (iii) of Section 1.61] will be taken into account in calculating the Automatic Company Contribution.

Company Notional Contributions. The Company and any affiliate may, at any time, in their sole discretion, credit notional contributions to one or more Company Accounts established on behalf of a Participant. Notional contributions need not be subject to any uniform allocation among Participants. In addition, notional contributions may include any compensation that the Company determines to designate as such, e.g., sign on bonuses, etc. The vesting schedule and other terms and conditions for such notional Company contributions shall be established from time to time by the Company in its sole discretion.

Company Contributions. The Company may make discretionary contribution credits for a Plan year on behalf of one or more Participants on any basis determined by the Company.

Discretionary Company Contributions. The Employer shall have the discretion to make Company Contributions to the Plan at any time on behalf of any Participant.

Automatic Contributions. Except as provided in [Section 5.05(d)], an Eligible Participant will be treated as having elected to direct the Employer to reduce his or her Compensation in order that the Employer may make Pre-tax Elective Deferrals to the Plan equal to the following uniform percentages of Compensation:

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