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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...
Duck-like Dog Poop Volcanic Crater
  04/24/24
Smart!
dashing school azn
  04/24/24
...
Bistre floppy theater pisswyrm
  04/24/24
lmao
orchid racy native
  04/24/24
lmao
Charcoal pontificating lodge halford
  04/24/24
...
offensive embarrassed to the bone organic girlfriend
  04/24/24
...
Arrogant Zippy Toilet Seat Center
  04/24/24
I don't see any other interpretation
brilliant step-uncle's house
  04/24/24
cr. OP is retarded for poasting this
razzmatazz spruce range milk
  04/24/24
...
yellow theatre factory reset button
  04/25/24
...
Duck-like Dog Poop Volcanic Crater
  04/24/24
With a 5 year vesting schedule
motley corner
  04/24/24
How much is their HR team freaking out right now? I'd thi...
brass crusty boistinker
  04/24/24
the hr team? not at all the innumerate and/or illiterate sh...
misanthropic field
  04/24/24
I think its at best a scriveners error and at worse fraud. ...
brass crusty boistinker
  04/24/24
...
exhilarant swollen pistol weed whacker
  04/24/24
Does a typical CBA have an integration clause and mutual dra...
brilliant step-uncle's house
  04/24/24
One weird trick.
garnet vigorous spot turdskin
  04/24/24
Why would you need a labor attorney? 99.9% of companies ...
brass crusty boistinker
  04/24/24
What difference does it make what industry standard terms ar...
brilliant step-uncle's house
  04/24/24
it's not the indemnity section of a purchase agreement revie...
Pearly massive pozpig public bath
  04/25/24
It's a CBA. It was negotiated by the union, not just impose...
brilliant step-uncle's house
  04/25/24
...
ocher bateful casino
  04/24/24
How dumb are you, bro? The sentence only has one reasonable ...
yellow theatre factory reset button
  04/25/24
lmao
misanthropic field
  04/24/24
i can't read this in a way that makes the company's version ...
ruby pit
  04/24/24
employee contribution - $79.30 the "first 6%" of ...
flickering partner hall
  04/24/24
...
Laughsome psychic coffee pot
  04/24/24
See below. Your math renders the entire formula moot. ...
brass crusty boistinker
  04/25/24
Yeah - if we're pretending to be a law board - there's no lo...
brass crusty boistinker
  04/24/24
It's not at all ambiguous. It clearly means 3% of the amount...
brilliant step-uncle's house
  04/25/24
Then why did they not write 3% instead of saying 50% of 6%?
brass crusty boistinker
  04/25/24
What difference does it make? Contractual language isn't re...
brilliant step-uncle's house
  04/25/24
Because your reading of it relies on the contract being draf...
brass crusty boistinker
  04/25/24
and then one day, for no reason at all
Translucent hominid
  04/25/24
Lmao “And be grateful you get that much!”
swashbuckling opaque depressive
  04/25/24
hilarious
Aggressive Locale Faggot Firefighter
  04/25/24
“Enjoy!”
appetizing lemon tanning salon cuck
  04/25/24
...
exhilarant swollen pistol weed whacker
  04/25/24
lol
insane supple sandwich legend
  04/25/24
, after a 15 percent gratuity deduction.
yellow theatre factory reset button
  04/25/24
...
Duck-like Dog Poop Volcanic Crater
  04/25/24
"First" 6% is nonsensical; it's probably language ...
Curious citrine parlor sneaky criminal
  04/25/24


Poast new message in this thread



Reply Favorite

Date: April 24th, 2024 9:04 PM
Author: Duck-like Dog Poop Volcanic Crater

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

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



Reply Favorite

Date: April 24th, 2024 9:05 PM
Author: dashing school azn

Smart!

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



Reply Favorite

Date: April 24th, 2024 9:07 PM
Author: Bistre floppy theater pisswyrm



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



Reply Favorite

Date: April 24th, 2024 9:09 PM
Author: orchid racy native

lmao

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



Reply Favorite

Date: April 24th, 2024 9:10 PM
Author: Charcoal pontificating lodge halford

lmao

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



Reply Favorite

Date: April 24th, 2024 9:10 PM
Author: offensive embarrassed to the bone organic girlfriend



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



Reply Favorite

Date: April 24th, 2024 9:11 PM
Author: Arrogant Zippy Toilet Seat Center



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



Reply Favorite

Date: April 24th, 2024 9:14 PM
Author: brilliant step-uncle's house

I don't see any other interpretation

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



Reply Favorite

Date: April 24th, 2024 9:57 PM
Author: razzmatazz spruce range milk

cr. OP is retarded for poasting this

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



Reply Favorite

Date: April 25th, 2024 4:36 PM
Author: yellow theatre factory reset button



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



Reply Favorite

Date: April 24th, 2024 9:15 PM
Author: Duck-like Dog Poop Volcanic Crater



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



Reply Favorite

Date: April 24th, 2024 10:02 PM
Author: motley corner

With a 5 year vesting schedule

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



Reply Favorite

Date: April 24th, 2024 10:04 PM
Author: brass crusty boistinker

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...id#47607988)



Reply Favorite

Date: April 24th, 2024 10:07 PM
Author: misanthropic field

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...id#47607997)



Reply Favorite

Date: April 24th, 2024 10:10 PM
Author: brass crusty boistinker

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...id#47608002)



Reply Favorite

Date: April 24th, 2024 10:19 PM
Author: exhilarant swollen pistol weed whacker



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



Reply Favorite

Date: April 24th, 2024 10:29 PM
Author: brilliant step-uncle's house

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...id#47608060)



Reply Favorite

Date: April 24th, 2024 10:33 PM
Author: garnet vigorous spot turdskin

One weird trick.

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



Reply Favorite

Date: April 24th, 2024 10:44 PM
Author: brass crusty boistinker

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...id#47608108)



Reply Favorite

Date: April 24th, 2024 11:09 PM
Author: brilliant step-uncle's house

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...id#47608170)



Reply Favorite

Date: April 25th, 2024 12:20 AM
Author: Pearly massive pozpig public bath

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...id#47608252)



Reply Favorite

Date: April 25th, 2024 12:34 AM
Author: brilliant step-uncle's house

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...id#47608268)



Reply Favorite

Date: April 24th, 2024 10:30 PM
Author: ocher bateful casino



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



Reply Favorite

Date: April 25th, 2024 4:37 PM
Author: yellow theatre factory reset button

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

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



Reply Favorite

Date: April 24th, 2024 10:05 PM
Author: misanthropic field

lmao

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



Reply Favorite

Date: April 24th, 2024 11:38 PM
Author: ruby pit

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...id#47608200)



Reply Favorite

Date: April 24th, 2024 11:53 PM
Author: flickering partner hall

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...id#47608214)



Reply Favorite

Date: April 24th, 2024 11:57 PM
Author: Laughsome psychic coffee pot



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



Reply Favorite

Date: April 25th, 2024 12:00 AM
Author: brass crusty boistinker

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...id#47608230)



Reply Favorite

Date: April 24th, 2024 11:55 PM
Author: brass crusty boistinker

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...id#47608220)



Reply Favorite

Date: April 25th, 2024 12:10 AM
Author: brilliant step-uncle's house

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...id#47608244)



Reply Favorite

Date: April 25th, 2024 12:37 PM
Author: brass crusty boistinker

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...id#47608842)



Reply Favorite

Date: April 25th, 2024 12:40 PM
Author: brilliant step-uncle's house

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...id#47608846)



Reply Favorite

Date: April 25th, 2024 8:54 PM
Author: brass crusty boistinker

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...id#47610189)



Reply Favorite

Date: April 25th, 2024 12:50 PM
Author: Translucent hominid
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...id#47608871)



Reply Favorite

Date: April 25th, 2024 12:45 PM
Author: swashbuckling opaque depressive

Lmao

“And be grateful you get that much!”

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



Reply Favorite

Date: April 25th, 2024 1:48 PM
Author: Aggressive Locale Faggot Firefighter

hilarious

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



Reply Favorite

Date: April 25th, 2024 2:04 PM
Author: appetizing lemon tanning salon cuck

“Enjoy!”

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



Reply Favorite

Date: April 25th, 2024 2:13 PM
Author: exhilarant swollen pistol weed whacker



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



Reply Favorite

Date: April 25th, 2024 2:07 PM
Author: insane supple sandwich legend

lol

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



Reply Favorite

Date: April 25th, 2024 4:39 PM
Author: yellow theatre factory reset button

, after a 15 percent gratuity deduction.

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



Reply Favorite

Date: April 25th, 2024 7:44 PM
Author: Duck-like Dog Poop Volcanic Crater



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



Reply Favorite

Date: April 25th, 2024 8:16 PM
Author: Curious citrine parlor sneaky criminal

"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...id#47610118)