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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...
Topaz step-uncle's house striped hyena
  04/24/24
Smart!
twinkling hall
  04/24/24
...
Stimulating Heaven
  04/24/24
lmao
offensive maroon round eye
  04/24/24
lmao
contagious temple
  04/24/24
...
Avocado angry orchestra pit
  04/24/24
...
racy idea he suggested kitchen
  04/24/24
I don't see any other interpretation
Greedy cracking national travel guidebook
  04/24/24
cr. OP is retarded for poasting this
lascivious clear piazza
  04/24/24
...
Razzle Feces
  04/25/24
...
Topaz step-uncle's house striped hyena
  04/24/24
With a 5 year vesting schedule
crimson medicated indian lodge
  04/24/24
How much is their HR team freaking out right now? I'd thi...
Sooty filthy karate state
  04/24/24
the hr team? not at all the innumerate and/or illiterate sh...
Exciting plaza old irish cottage
  04/24/24
I think its at best a scriveners error and at worse fraud. ...
Sooty filthy karate state
  04/24/24
...
bistre swashbuckling abode famous landscape painting
  04/24/24
Does a typical CBA have an integration clause and mutual dra...
Greedy cracking national travel guidebook
  04/24/24
One weird trick.
Diverse dragon
  04/24/24
Why would you need a labor attorney? 99.9% of companies ...
Sooty filthy karate state
  04/24/24
What difference does it make what industry standard terms ar...
Greedy cracking national travel guidebook
  04/24/24
it's not the indemnity section of a purchase agreement revie...
tripping stage
  04/25/24
It's a CBA. It was negotiated by the union, not just impose...
Greedy cracking national travel guidebook
  04/25/24
...
Wonderful trump supporter nowag
  04/24/24
How dumb are you, bro? The sentence only has one reasonable ...
Razzle Feces
  04/25/24
lmao
Exciting plaza old irish cottage
  04/24/24
i can't read this in a way that makes the company's version ...
hairraiser ebony indirect expression jap
  04/24/24
employee contribution - $79.30 the "first 6%" of ...
At-the-ready rough-skinned den tattoo
  04/24/24
...
Onyx chapel
  04/24/24
See below. Your math renders the entire formula moot. ...
Sooty filthy karate state
  04/25/24
Yeah - if we're pretending to be a law board - there's no lo...
Sooty filthy karate state
  04/24/24
It's not at all ambiguous. It clearly means 3% of the amount...
Greedy cracking national travel guidebook
  04/25/24
Then why did they not write 3% instead of saying 50% of 6%?
Sooty filthy karate state
  04/25/24
What difference does it make? Contractual language isn't re...
Greedy cracking national travel guidebook
  04/25/24
Because your reading of it relies on the contract being draf...
Sooty filthy karate state
  04/25/24
and then one day, for no reason at all
Puce aromatic set marketing idea
  04/25/24
Lmao “And be grateful you get that much!”
heady center trust fund
  04/25/24
hilarious
elite address gaping
  04/25/24
“Enjoy!”
wild passionate resort
  04/25/24
...
bistre swashbuckling abode famous landscape painting
  04/25/24
lol
Maize pisswyrm lodge
  04/25/24
, after a 15 percent gratuity deduction.
Razzle Feces
  04/25/24
...
Topaz step-uncle's house striped hyena
  04/25/24
"First" 6% is nonsensical; it's probably language ...
ivory candlestick maker nursing home
  04/25/24


Poast new message in this thread



Reply Favorite

Date: April 24th, 2024 9:04 PM
Author: Topaz step-uncle's house striped hyena

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: twinkling hall

Smart!

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



Reply Favorite

Date: April 24th, 2024 9:07 PM
Author: Stimulating Heaven



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



Reply Favorite

Date: April 24th, 2024 9:09 PM
Author: offensive maroon round eye

lmao

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



Reply Favorite

Date: April 24th, 2024 9:10 PM
Author: contagious temple

lmao

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



Reply Favorite

Date: April 24th, 2024 9:10 PM
Author: Avocado angry orchestra pit



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



Reply Favorite

Date: April 24th, 2024 9:11 PM
Author: racy idea he suggested kitchen



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



Reply Favorite

Date: April 24th, 2024 9:14 PM
Author: Greedy cracking national travel guidebook

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: lascivious clear piazza

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: Razzle Feces



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



Reply Favorite

Date: April 24th, 2024 9:15 PM
Author: Topaz step-uncle's house striped hyena



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



Reply Favorite

Date: April 24th, 2024 10:02 PM
Author: crimson medicated indian lodge

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: Sooty filthy karate state

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: Exciting plaza old irish cottage

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: Sooty filthy karate state

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: bistre swashbuckling abode famous landscape painting



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



Reply Favorite

Date: April 24th, 2024 10:29 PM
Author: Greedy cracking national travel guidebook

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: Diverse dragon

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: Sooty filthy karate state

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: Greedy cracking national travel guidebook

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: tripping stage

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: Greedy cracking national travel guidebook

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: Wonderful trump supporter nowag



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



Reply Favorite

Date: April 25th, 2024 4:37 PM
Author: Razzle Feces

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: Exciting plaza old irish cottage

lmao

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



Reply Favorite

Date: April 24th, 2024 11:38 PM
Author: hairraiser ebony indirect expression jap

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: At-the-ready rough-skinned den tattoo

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: Onyx chapel



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



Reply Favorite

Date: April 25th, 2024 12:00 AM
Author: Sooty filthy karate state

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: Sooty filthy karate state

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: Greedy cracking national travel guidebook

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: Sooty filthy karate state

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: Greedy cracking national travel guidebook

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: Sooty filthy karate state

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: Puce aromatic set marketing idea
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: heady center trust fund

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: elite address gaping

hilarious

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



Reply Favorite

Date: April 25th, 2024 2:04 PM
Author: wild passionate resort

“Enjoy!”

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



Reply Favorite

Date: April 25th, 2024 2:13 PM
Author: bistre swashbuckling abode famous landscape painting



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



Reply Favorite

Date: April 25th, 2024 2:07 PM
Author: Maize pisswyrm lodge

lol

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



Reply Favorite

Date: April 25th, 2024 4:39 PM
Author: Razzle Feces

, 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: Topaz step-uncle's house striped hyena



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



Reply Favorite

Date: April 25th, 2024 8:16 PM
Author: ivory candlestick maker nursing home

"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)