Example ContractsClausesEmployer Discretionary Contribution
Employer Discretionary Contribution
Employer Discretionary Contribution contract clause examples

Discretionary Company Contribution. The Compensation Committee shall have discretion to credit to a Discretionary Contributions Account one or more discretionary contributions for a Participant under special circumstances, on such terms as the Compensation Committee determines, which need not be the same for each Participant.

A discretionary contribution made by a Participating Employer that is credited to one or more Participants’ Account(s) in accordance with the terms of [Section 3.1].

Discretionary Employer Contributions. The Company may at any time in its sole discretion elect to credit Discretionary Employer Contributions to Participants’ Accounts. At the time that the Company determines that it shall credit Discretionary Employer Contributions, it shall in its sole discretion specify how such credits will be allocated among the Accounts of Participants, the timing of such allocation, and the vesting schedule applicable to such credits (as adjusted for deemed earnings and losses thereon).

Discretionary Employer Contributions. The Company may at any time in its sole discretion elect to credit Discretionary Employer Contributions to Participants’ Accounts. At the time that the Company determines that it shall credit Discretionary Employer Contributions, it shall in its sole discretion specify how such credits will be allocated among the Accounts of Participants, the timing of such allocation, and the vesting schedule applicable to such credits (as adjusted for deemed earnings and losses thereon).

Employer Discretionary Contribution. Each Plan Year, the Employer may, in its sole discretion, credit to the Account of a Participant who is an Eligible Employee an Employer Discretionary Contribution in an amount determined in the sole discretion of the Employer.

A Participating Employer may make a discretionary contribution(s) to one or more Participants’ Accounts in such amount, at such time and in such manner as may be determined by the Participating Employer in its sole discretion. Such Employer Discretionary Contribution will be credited to a Participant’s Account and will be payable in accordance with Article 6.

Discretionary Employer Contributions. A Participant shall vest in the portion of his Account attributable to Discretionary Employer Contributions (as adjusted for the equivalent of earnings and losses thereon pursuant to Article VI) in accordance with the vesting schedule established by the Company at the time the Discretionary Employer Contribution is approved by the Company

A discretionary contribution made by a Participating Employer that is credited to one or more Participants’ Account(s) in accordance with the terms of [Section 3.2].

A Participating Employer may make a supplemental discretionary contribution(s) to one or more Participants’ Accounts in such amount, at such time and in such manner as may be determined by the Participating Employer in its sole discretion. Such Employer Supplemental Discretionary Contribution will be credited to a Participant’s Account and will be payable in accordance with Article 6.

Discretionary Employer Contributions. A Participant shall vest in the portion of his Account attributable to Discretionary Employer Contributions (as adjusted for the equivalent of earnings and losses thereon pursuant to Article VI) in accordance with the vesting schedule established by the Company at the time the Discretionary Employer Contribution is approved by the Company

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