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Agenda - Council - 06/09/1992
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Agenda - Council - 06/09/1992
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
06/09/1992
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contribution, although designated as Employee contributions, are being paid by the Employer in <br />lieu of contributions by the Employee; and (2) the Employee must not have the option of receiving <br />the contributed amounts directly instead of having them paid by the Employer to the Plan.] <br /> <br />Fixed Employer Match of Participant Contributions. <br /> <br />The Employer shall contribute on behalf of each Participant % of <br />Earnings for the Plan Year (subject to the limitations of Articles V and VI of the Plan) for each <br />Plan Year that such Participant has contributed % of Earnings or <br />$ Under this option, there is a single, fixed rate of Employer contribu- <br />tions, but a Participant may decline to make the required Participant contributions in any Plan <br />Year, in which case n Employer contributions will be made on the Participant's behalf in that <br />Plan Year. <br /> <br />[] Variable Employer Match of Participant Contributions. <br /> <br />The Employer shall contribute on behalf of each Participant an amount determined as follows <br />(subject to the limitations of Articles V and VI of the Plan): <br /> <br /> % of the contributions made by the Participant for the Plan Year <br />(not including Participant contributions not exceeding % of Earn- <br />ings or $ ); <br /> <br />PLUS % of the contributions made by the Participant for the <br />Plan Year in excess of those included in the above paragraph (but not including <br />Participant contributions exceeding in the aggregate % of <br />Earnings or $ ). <br /> <br />Employer contributions on behalf of a Participant for a Plan Year shall not exceed <br />$ or % of Earnings, whichever is <br />[] more or [] less. <br /> <br />Each Participant may make a voluntary (unmatched),afler-tax contribution, subject to the limitations of <br />Section 4.04 and Articles V and VI of the Plan. <br /> <br />[] Yes [] No <br /> <br />Employer contributions and Participant contributions shall be contributed to the Trust in accordance with <br />the following payment schedule: <br /> <br />EACH PAYROLL PERIOD <br /> <br />VII, <br /> <br />EARNINGS <br /> <br />Earnings, as defined under Section 2.09 of the Plan, shall include: <br /> <br />1. Overtime I-'1 Yes [] No <br />2. Bonuses [] Yes [] No <br /> <br />001-91F <br /> <br />I <br />I <br />I <br />! <br />I <br /> <br /> <br />
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