10.07.2015 Views

FLEXIBILITY FREEDOM FUTURE - Greenberg Traurig LLP

FLEXIBILITY FREEDOM FUTURE - Greenberg Traurig LLP

FLEXIBILITY FREEDOM FUTURE - Greenberg Traurig LLP

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Firm Match-variableIf you are a Shareholder or Business Staff member, <strong>Greenberg</strong> <strong>Traurig</strong> will help yousave for the future by adding a Firm matching contribution to your account. Associates,Of Counsel and law clerks are not eligible to receive Firm matching contributions.You become eligible for the Firm matching contribution the first day of the calendar quarterafter attaining one year of service and 1,000 hours. Currently, <strong>Greenberg</strong> <strong>Traurig</strong> willmatch 100% of the first $250 you contribute of your eligible pay. In order to receivethe Firm matching contribution, you must be an active employee and have completed1,000 hours of service as of the last day of the plan year (December 31).Profit Sharing ContributionIf you are a Shareholder or a Business Staff member, you are eligible to receive a profitsharing contribution on the first day of the calendar quarter after you have completedone year of service. Once you have satisfied the eligibility requirements to receive aprofit sharing contribution for any plan year, you must have completed 1,000 hours ofservice in that plan year and be employed on the last day of the plan year (December31) to receive profit sharing contributions. In your first year of eligibility for thiscontribution, only your compensation for the portion of the plan year in which youare eligible is taken into account. Of Counsel are not eligible to receive profit sharingcontributions.VestingTo be vested is to own all the money in your account.You are always 100% vested in your own contributions, rollover contributions, Firmmatching contributions, and the investment earnings on those contributions. If youshould reach age 65, become permanently disabled or die young, you becomeautomatically 100% invested in all Firm contributions and earnings. Shareholders andBusiness Staff members are immediately 100% vested in the value for the Firm matchingand profit sharing contributions.4

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