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VL Contribution Sources and Amounts <br />A. Definition of Earnings <br />The definition of L'arnings will apply to all RHS Contribution Peatunns that reference "Earnings". including Direct <br />Employer Contributions (Section VI.B.1.) and Mandatory Employee Compensation Contributions (Section VI.B.2.). <br />Definition of earnings: As defined by Resolution 2015-01. <br />B. Direct Employer Contributions and Mandatory Contributions <br />1. Dircct Employer Comributions <br />ILe Entploycr shall contribute on bebalr of each participant <br />❑ %ofEernings <br />Cl S each Plan Year <br />❑ A discretionary amount to be determined each Plan Year <br />El Other (describe): A one-time contribution as a conversion from the existing Medical Retirement <br />Subsidy Plan. <br />2. Mandatory Employte Compensation Contributions <br />The Employer will make mandatory contributions of Employee compensation as follows: <br />® Reduction in Salary - 125 % of Earnings or 5 will be contributed for the Plan Year. <br />❑ Decreased Merit or Pay Plan Adjustment -All or a portion of the Employees' annual merit <br />or pay plan adjustment will be contributed as follows: <br />An Employee shall not have the right to discontinue or vary the rare of Mandatory Contributions of <br />Employee Compensation. <br />3. Mandatory Employee Leave Contributions <br />The Employer will make mandatory contributions of accrued leave as follows (provide formula for determining <br />Mandatory Employee Leave contributions): <br />m Accrued Sick Leave 100% of sick leave cash out <br />❑ Accrued Vacation Leave <br />0 Other (specify type of leave) Accrued Must Use Leave <br />Unused Lontimityand RegularVaralion designated as Must Use leave as of 0ecember31st each year. The maximum allowable <br />Must Use time contributed cannot exceed the allowable cash out applicable for that Fiscal Yearandlor Calendar Year. <br />An Employee shall not have the right to discontinue or vary the rare of mandatory leave contributions. <br />C. Limits on Total Contributions (check one box) <br />' lie total contribution by the Employer on behalf of each Participant (including Direct Employer and <br />Mandatory Employee Contributions) for each Plan Year shall nor exceed the following limits) below. Limits <br />on individual contribution types arc defined within due appropriate section above. <br />25E-100 <br />