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This interpretation of 401k match language would make DBG very proud (pic)

https://pbs.twimg.com/media/GL7ixUpW8AANjEb?format=jpg&n...
Startling sooty boltzmann rehab
  04/24/24
Smart!
boyish theater stage
  04/24/24
...
Cheese-eating idea he suggested
  04/24/24
lmao
tantric passionate plaza stock car
  04/24/24
lmao
Concupiscible masturbator
  04/24/24
...
misunderstood thriller space
  04/24/24
...
Domesticated irradiated site
  04/24/24
I don't see any other interpretation
duck-like galvanic university love of her life
  04/24/24
cr. OP is retarded for poasting this
Exciting seedy yarmulke
  04/24/24
...
Bearded scourge upon the earth
  04/25/24
...
Startling sooty boltzmann rehab
  04/24/24
With a 5 year vesting schedule
Cerebral coiffed feces
  04/24/24
How much is their HR team freaking out right now? I'd thi...
Khaki angry piazza crotch
  04/24/24
the hr team? not at all the innumerate and/or illiterate sh...
french flesh international law enforcement agency
  04/24/24
I think its at best a scriveners error and at worse fraud. ...
Khaki angry piazza crotch
  04/24/24
...
vivacious kitty cat
  04/24/24
Does a typical CBA have an integration clause and mutual dra...
duck-like galvanic university love of her life
  04/24/24
One weird trick.
navy church building deer antler
  04/24/24
Why would you need a labor attorney? 99.9% of companies ...
Khaki angry piazza crotch
  04/24/24
What difference does it make what industry standard terms ar...
duck-like galvanic university love of her life
  04/24/24
it's not the indemnity section of a purchase agreement revie...
bright toilet seat
  04/25/24
It's a CBA. It was negotiated by the union, not just impose...
duck-like galvanic university love of her life
  04/25/24
...
lascivious forum partner
  04/24/24
How dumb are you, bro? The sentence only has one reasonable ...
Bearded scourge upon the earth
  04/25/24
lmao
french flesh international law enforcement agency
  04/24/24
i can't read this in a way that makes the company's version ...
Stimulating rose hospital
  04/24/24
employee contribution - $79.30 the "first 6%" of ...
translucent heady station
  04/24/24
...
Ebony mewling cruise ship
  04/24/24
See below. Your math renders the entire formula moot. ...
Khaki angry piazza crotch
  04/25/24
Yeah - if we're pretending to be a law board - there's no lo...
Khaki angry piazza crotch
  04/24/24
It's not at all ambiguous. It clearly means 3% of the amount...
duck-like galvanic university love of her life
  04/25/24
Then why did they not write 3% instead of saying 50% of 6%?
Khaki angry piazza crotch
  04/25/24
What difference does it make? Contractual language isn't re...
duck-like galvanic university love of her life
  04/25/24
Because your reading of it relies on the contract being draf...
Khaki angry piazza crotch
  04/25/24
and then one day, for no reason at all
provocative pearly sweet tailpipe stain
  04/25/24
Lmao “And be grateful you get that much!”
Beta olive idiot
  04/25/24
hilarious
Fishy supple field
  04/25/24
“Enjoy!”
Abnormal Crawly Friendly Grandma
  04/25/24
...
vivacious kitty cat
  04/25/24
lol
Fiercely-loyal Sickened Roommate Bawdyhouse
  04/25/24
, after a 15 percent gratuity deduction.
Bearded scourge upon the earth
  04/25/24
...
Startling sooty boltzmann rehab
  04/25/24
"First" 6% is nonsensical; it's probably language ...
Arrogant public bath selfie
  04/25/24


Poast new message in this thread



Reply Favorite

Date: April 24th, 2024 9:04 PM
Author: Startling sooty boltzmann rehab

https://pbs.twimg.com/media/GL7ixUpW8AANjEb?format=jpg&name=large

(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47607905)



Reply Favorite

Date: April 24th, 2024 9:05 PM
Author: boyish theater stage

Smart!

(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47607907)



Reply Favorite

Date: April 24th, 2024 9:07 PM
Author: Cheese-eating idea he suggested



(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47607908)



Reply Favorite

Date: April 24th, 2024 9:09 PM
Author: tantric passionate plaza stock car

lmao

(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47607911)



Reply Favorite

Date: April 24th, 2024 9:10 PM
Author: Concupiscible masturbator

lmao

(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47607912)



Reply Favorite

Date: April 24th, 2024 9:10 PM
Author: misunderstood thriller space



(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47607913)



Reply Favorite

Date: April 24th, 2024 9:11 PM
Author: Domesticated irradiated site



(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47607920)



Reply Favorite

Date: April 24th, 2024 9:14 PM
Author: duck-like galvanic university love of her life

I don't see any other interpretation

(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47607929)



Reply Favorite

Date: April 24th, 2024 9:57 PM
Author: Exciting seedy yarmulke

cr. OP is retarded for poasting this

(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47607970)



Reply Favorite

Date: April 25th, 2024 4:36 PM
Author: Bearded scourge upon the earth



(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47609654)



Reply Favorite

Date: April 24th, 2024 9:15 PM
Author: Startling sooty boltzmann rehab



(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47607934)



Reply Favorite

Date: April 24th, 2024 10:02 PM
Author: Cerebral coiffed feces

With a 5 year vesting schedule

(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47607978)



Reply Favorite

Date: April 24th, 2024 10:04 PM
Author: Khaki angry piazza crotch

How much is their HR team freaking out right now?

I'd think plausibly they facing a lawsuit where they probably owe 3% of everyone's wages for a few years?

(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47607988)



Reply Favorite

Date: April 24th, 2024 10:07 PM
Author: french flesh international law enforcement agency

the hr team? not at all

the innumerate and/or illiterate shitlawyer and union reps who negotiated a “match” of 3% of the first 6% for their clients, otoh…

(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47607997)



Reply Favorite

Date: April 24th, 2024 10:10 PM
Author: Khaki angry piazza crotch

I think its at best a scriveners error and at worse fraud.

I really doubt a judge is going to go "Yeah it was totally chill for the company to mimic standard language but twist it to only pay people 1/20th what a reasonable worker would assume based on industry standards without fully disclosing the diffference."

(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47608002)



Reply Favorite

Date: April 24th, 2024 10:19 PM
Author: vivacious kitty cat



(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47608025)



Reply Favorite

Date: April 24th, 2024 10:29 PM
Author: duck-like galvanic university love of her life

Does a typical CBA have an integration clause and mutual drafting clause? If so, why would a judge do anything but look at what it says?

Do we have a labor lawyer in the house?

(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47608060)



Reply Favorite

Date: April 24th, 2024 10:33 PM
Author: navy church building deer antler

One weird trick.

(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47608080)



Reply Favorite

Date: April 24th, 2024 10:44 PM
Author: Khaki angry piazza crotch

Why would you need a labor attorney?

99.9% of companies offer something similar to a 50% match of an employees contributions up to 6% of their salary. They're clearly using an industry term and there was an error in drafting.

If this was truly their intent, and the company's attorney wasn't a full blown moron, then the next line has to say "By way of example, if an an employee makes $100,000 and contributes $6,000 to their 401k, employer will contribute $180.00 to the 401k.

(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47608108)



Reply Favorite

Date: April 24th, 2024 11:09 PM
Author: duck-like galvanic university love of her life

What difference does it make what industry standard terms are? Parties aren't required to used industry standard terms. The language quoted by the Redditor is perfectly intelligible, and it doesn't provide for a match capped based on compensation.

(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47608170)



Reply Favorite

Date: April 25th, 2024 12:20 AM
Author: bright toilet seat

it's not the indemnity section of a purchase agreement reviewed separately by 30 different lawyers. it doesn't benefit society to have employees look out for gotcha language in 99% boilerplate 401k agreements that they sign during orientation

ski resort sneaks in "we have the right to fuck your wife at any time" in 6 font in the waiver

(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47608252)



Reply Favorite

Date: April 25th, 2024 12:34 AM
Author: duck-like galvanic university love of her life

It's a CBA. It was negotiated by the union, not just imposed on the employees

(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47608268)



Reply Favorite

Date: April 24th, 2024 10:30 PM
Author: lascivious forum partner



(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47608066)



Reply Favorite

Date: April 25th, 2024 4:37 PM
Author: Bearded scourge upon the earth

How dumb are you, bro? The sentence only has one reasonable meaning.

(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47609658)



Reply Favorite

Date: April 24th, 2024 10:05 PM
Author: french flesh international law enforcement agency

lmao

(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47607991)



Reply Favorite

Date: April 24th, 2024 11:38 PM
Author: Stimulating rose hospital

i can't read this in a way that makes the company's version true.

(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47608200)



Reply Favorite

Date: April 24th, 2024 11:53 PM
Author: translucent heady station

employee contribution - $79.30

the "first 6%" of that contribution - $4.76

company matches 50% of that 6% - $2.38

(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47608214)



Reply Favorite

Date: April 24th, 2024 11:57 PM
Author: Ebony mewling cruise ship



(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47608224)



Reply Favorite

Date: April 25th, 2024 12:00 AM
Author: Khaki angry piazza crotch

See below.

Your math renders the entire formula moot.

It'd be like if you wrote a contract saying, "Buyer will be able to achieve an earnout equal to 1/2 times 1/4 divided by 6 times 11 multiplied by the 2026 revenue."

Why would you write it so stupidly?

(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47608230)



Reply Favorite

Date: April 24th, 2024 11:55 PM
Author: Khaki angry piazza crotch

Yeah - if we're pretending to be a law board - there's no logical reason to phrase it that they'll match 50% of the first 6% of your contributions - it's a pretty nonsensical structure. Why not just say they'll match the first 3% of the actual money you put into your account?

There's no logical reason to have the 50% of the 6% if they both refer to contributions...

It's clearly ambiguous and you look to what this phrasing means within the industry and its obvious that the intent is that they'll match 50% of your contributions up to 6% of your salary.

(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47608220)



Reply Favorite

Date: April 25th, 2024 12:10 AM
Author: duck-like galvanic university love of her life

It's not at all ambiguous. It clearly means 3% of the amount contributed

(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47608244)



Reply Favorite

Date: April 25th, 2024 12:37 PM
Author: Khaki angry piazza crotch

Then why did they not write 3% instead of saying 50% of 6%?

(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47608842)



Reply Favorite

Date: April 25th, 2024 12:40 PM
Author: duck-like galvanic university love of her life

What difference does it make? Contractual language isn't rendered ambiguous simply on account of there being a clearer and more succinct way to express the same meaning.

(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47608846)



Reply Favorite

Date: April 25th, 2024 8:54 PM
Author: Khaki angry piazza crotch

Because your reading of it relies on the contract being drafted with multiple fraction as a math equation, which probably 0.00001% of all contracts in history have been drafted with such stupidity, and my interpretation aligns it with probably 30-60% of all similar 401k match programs.



(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47610189)



Reply Favorite

Date: April 25th, 2024 12:50 PM
Author: provocative pearly sweet tailpipe stain
Subject: and then one day, for no reason at all

because good kikesmanship requires plausibly deniable deceit

normies will read that as 3% of your compensation (or 50% of your contribution), not 3% "on the first 6% of [your] contributions.", i.e., 3% of 0.06*paycheck. In other words, it's tricky wording to masquerade the order of operations. Half of 6% applied to your (((contribution))), rather than half of 6% applied to your compensation.

(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47608871)



Reply Favorite

Date: April 25th, 2024 12:45 PM
Author: Beta olive idiot

Lmao

“And be grateful you get that much!”

(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47608856)



Reply Favorite

Date: April 25th, 2024 1:48 PM
Author: Fishy supple field

hilarious

(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47608959)



Reply Favorite

Date: April 25th, 2024 2:04 PM
Author: Abnormal Crawly Friendly Grandma

“Enjoy!”

(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47609039)



Reply Favorite

Date: April 25th, 2024 2:13 PM
Author: vivacious kitty cat



(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47609079)



Reply Favorite

Date: April 25th, 2024 2:07 PM
Author: Fiercely-loyal Sickened Roommate Bawdyhouse

lol

(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47609055)



Reply Favorite

Date: April 25th, 2024 4:39 PM
Author: Bearded scourge upon the earth

, after a 15 percent gratuity deduction.

(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47609665)



Reply Favorite

Date: April 25th, 2024 7:44 PM
Author: Startling sooty boltzmann rehab



(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47610076)



Reply Favorite

Date: April 25th, 2024 8:16 PM
Author: Arrogant public bath selfie

"First" 6% is nonsensical; it's probably language that was redrafted multiple times and they fucked up

(http://www.autoadmit.com/thread.php?thread_id=5521232&forum_id=2#47610118)