Example ContractsClausesContributions
Remove:

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 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 , which was paid in .

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 , but such a contribution may be made after , with respect to a prior period.

ESOP Contributions: For each Plan Year during which an Exempt Loan is outstanding, the Employer shall make an ESOP Contribution to the Trust in such amount and at such times as shall be determined by the Company.

Catch-up contributions means elective deferrals made to the plan that are in excess of an otherwise applicable plan limit and that are made by participants who are age 50 or over by the end of their taxable years. An otherwise applicable plan limit is a limit in the plan that applies to elective deferrals without regard to catch-up contributions, such as any limitation set forth in [Section 3.4], the limits on annual additions described in [Section 5.1], the dollar limitation on elective deferrals under Code section 402(g) (not taking into account catch-up contributions) and the limit imposed by the actual deferral percentage (ADP) test under [Section 5.5(b)]. Catch-up contributions for a participant for a taxable year may not exceed:

/

Additional Capital Contributions. Any additional cash contributions of the General Partner to the capital of the Partnership pursuant to [Section 3.5] hereof.

Changes to Contributions. Unless otherwise determined by the Committee, a Participant may not increase the dollar amount or percentage of Compensation contributed by way of payroll deductions after commencement of an Offering Period. A Participant may decrease his or her payroll deductions or lump sum Contributions once during each Purchase Period by delivery of a new payroll deduction form to the Committee. The change will become effective as soon as administratively practicable after receipt. A Participant may cease Contributions to the Plan at any time. Unless the Participant makes a Withdrawal Election as provided in [Article VIII], upon a cessation of Contributions to the Plan during an Offering Period, the funds in the Participant’s Account will not be refunded to the Participant but instead will be used to purchase Shares for the Participant on the Purchase Date.

ARTICLE # ACCOUNTS; VESTING; DISTRIBUTIONS 22

Making of Contributions. Once each month, or as otherwise determined by the Committee subject to the Employer’s consent, the Employer will pay over contributions to the Trustee to be held in trust and invested as herein provided and as set out more fully in the Trust Agreement. The Employer’s matching contributions, profit sharing contributions, and retirement contributions for each Plan Year, if any, shall not be made later than the due date for filing the Employer’s federal income tax return for the taxable year with or within which such Plan Year ends, including extensions thereof. The contributions to this Plan when taken together with all other contributions made by the Employer to other qualified retirement plans shall not exceed the maximum amount deductible under Code Section 404.

Load more...
Select clause to view document information.

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.