Example ContractsClausesCapital Contributions
Capital Contributions
Capital Contributions contract clause examples

Nonelective Contributions. For any "year," instead of a matching contribution, the Employer may elect to contribute a Nonelective Contribution of two percent (2%) of "compensation" for the full "year" for each "eligible employee" who received at least $5,000 of "compensation" from the Employer for the "year."

For each Plan Year, the Employer shall make a matching contribution on behalf of each Participant who defers Compensation for the Plan Year and satisfies the requirements of [Section 5.01(a)(ii)] of the Adoption Agreement equal to [complete the ones that are applicable]:

The Employer shall make a contribution on behalf of each Participant who satisfies the requirements of [Section 5.01(b)(ii)] equal to [complete the ones that are applicable]:

The Participant’s vested interest in the amount credited to his Account attributable to

In accordance with the Company’s administrative procedures, any Eligible Employee may make one or more Rollover Contributions to the Plan. An Eligible Employee who makes a Rollover Contribution at a time when he or she is not a Member for other purposes shall become a Restricted Member. A Rollover Contribution shall be permitted only if it meets all of the following conditions:

Each Member’s Company Contributions Account shall be credited with the amount of any Company Contributions allocated as of a day or days within the Plan Year as the Company shall determine in its sole discretion. Each Member’s Salary Deferral Accounts shall be credited with the amount of Salary Deferrals withheld, transfers from Company Contributions Accounts received and Rollover Contributions received in such calendar month.

Employee Contributions. Each eligible employee may authorize payroll deductions at a minimum of 1 percent up to a maximum of 15 percent of such employee’s Compensation for each pay period. The Company will maintain book accounts showing the amount of payroll deductions made by each Participant for each Offering. No interest will accrue or be paid on payroll deductions.

SKERP Contributions. You will receive your employer-provided SKERP contributions from the period January 1, 2016 through the end of the Employment Period, including an Additional Supplemental Company Contribution equal to 5% of salary earned by you through the end of the Employment Period and 5% of the bonus earned by you for the fiscal year ended May 31, 2016, which was paid in July 2016.

Corrective Contributions. If, with respect to any Plan Year, # an error is made in crediting Company Matching Contributions or earnings to a Participant’s Account, # an error is made with respect to the administration of the Participant’s Account or with respect to the investment of the assets of the Trust Fund, or # a market value adjustment is made upon termination of an investment, which error or market value adjustment results in an incorrect amount being credited to the Participant’s Account or to any amount being incorrectly deducted from a Participant’s Account, remedial action may be taken to correct such error or adjustment in accordance with this [Section 4.4(e)]. In such event, the Account balances of such affected Participants may be adjusted to the extent necessary to reflect the Account balances which would have existed had no such error or adjustment been made. The Employer may make additional contributions to the Account of any affected Participant to place the affected Participant’s Account in the position that would have existed if the error or adjustment had not been made. Any Account adjustments or additional contributions made under this [Section 4.4(e)] shall be made on a uniform and nondiscriminatory basis.

No Company contribution shall be made to any Prior Profit Sharing Account with respect to any period after June 30, 1978, but such a contribution may be made after June 30, 1978, with respect to a prior period.

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