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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...
hairless forum personal credit line
  04/24/24
Smart!
slate stage laser beams
  04/24/24
...
cocky marketing idea pit
  04/24/24
lmao
glittery gaped striped hyena
  04/24/24
lmao
contagious site
  04/24/24
...
Overrated circlehead foreskin
  04/24/24
...
odious background story factory reset button
  04/24/24
I don't see any other interpretation
orange whorehouse
  04/24/24
cr. OP is retarded for poasting this
swashbuckling amethyst temple
  04/24/24
...
poppy potus
  04/25/24
...
hairless forum personal credit line
  04/24/24
With a 5 year vesting schedule
Seedy kink-friendly fortuitous meteor casino
  04/24/24
How much is their HR team freaking out right now? I'd thi...
sapphire fragrant bbw
  04/24/24
the hr team? not at all the innumerate and/or illiterate sh...
bat-shit-crazy titillating weed whacker
  04/24/24
I think its at best a scriveners error and at worse fraud. ...
sapphire fragrant bbw
  04/24/24
...
Brilliant Police Squad
  04/24/24
Does a typical CBA have an integration clause and mutual dra...
orange whorehouse
  04/24/24
One weird trick.
Aqua hissy fit base
  04/24/24
Why would you need a labor attorney? 99.9% of companies ...
sapphire fragrant bbw
  04/24/24
What difference does it make what industry standard terms ar...
orange whorehouse
  04/24/24
it's not the indemnity section of a purchase agreement revie...
Provocative University
  04/25/24
It's a CBA. It was negotiated by the union, not just impose...
orange whorehouse
  04/25/24
...
charcoal toaster gunner
  04/24/24
How dumb are you, bro? The sentence only has one reasonable ...
poppy potus
  04/25/24
lmao
bat-shit-crazy titillating weed whacker
  04/24/24
i can't read this in a way that makes the company's version ...
concupiscible psychic menage
  04/24/24
employee contribution - $79.30 the "first 6%" of ...
Vibrant know-it-all hominid ticket booth
  04/24/24
...
thirsty brindle macaca love of her life
  04/24/24
See below. Your math renders the entire formula moot. ...
sapphire fragrant bbw
  04/25/24
Yeah - if we're pretending to be a law board - there's no lo...
sapphire fragrant bbw
  04/24/24
It's not at all ambiguous. It clearly means 3% of the amount...
orange whorehouse
  04/25/24
Then why did they not write 3% instead of saying 50% of 6%?
sapphire fragrant bbw
  04/25/24
What difference does it make? Contractual language isn't re...
orange whorehouse
  04/25/24
Because your reading of it relies on the contract being draf...
sapphire fragrant bbw
  04/25/24
and then one day, for no reason at all
Flirting submissive cuckoldry liquid oxygen
  04/25/24
Lmao “And be grateful you get that much!”
pale cerebral market nowag
  04/25/24
hilarious
Beady-eyed Double Fault Lodge
  04/25/24
“Enjoy!”
light church building
  04/25/24
...
Brilliant Police Squad
  04/25/24
lol
Demanding maize cruise ship
  04/25/24
, after a 15 percent gratuity deduction.
poppy potus
  04/25/24
...
hairless forum personal credit line
  04/25/24
"First" 6% is nonsensical; it's probably language ...
big nofapping messiness set
  04/25/24


Poast new message in this thread



Reply Favorite

Date: April 24th, 2024 9:04 PM
Author: hairless forum personal credit line

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: slate stage laser beams

Smart!

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



Reply Favorite

Date: April 24th, 2024 9:07 PM
Author: cocky marketing idea pit



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



Reply Favorite

Date: April 24th, 2024 9:09 PM
Author: glittery gaped striped hyena

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 site

lmao

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



Reply Favorite

Date: April 24th, 2024 9:10 PM
Author: Overrated circlehead foreskin



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



Reply Favorite

Date: April 24th, 2024 9:11 PM
Author: odious background story factory reset button



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



Reply Favorite

Date: April 24th, 2024 9:14 PM
Author: orange whorehouse

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: swashbuckling amethyst temple

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: poppy potus



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



Reply Favorite

Date: April 24th, 2024 9:15 PM
Author: hairless forum personal credit line



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



Reply Favorite

Date: April 24th, 2024 10:02 PM
Author: Seedy kink-friendly fortuitous meteor casino

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: sapphire fragrant bbw

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: bat-shit-crazy titillating weed whacker

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: sapphire fragrant bbw

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: Brilliant Police Squad



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



Reply Favorite

Date: April 24th, 2024 10:29 PM
Author: orange whorehouse

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: Aqua hissy fit base

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: sapphire fragrant bbw

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: orange whorehouse

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: Provocative University

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: orange whorehouse

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: charcoal toaster gunner



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



Reply Favorite

Date: April 25th, 2024 4:37 PM
Author: poppy potus

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: bat-shit-crazy titillating weed whacker

lmao

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



Reply Favorite

Date: April 24th, 2024 11:38 PM
Author: concupiscible psychic menage

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: Vibrant know-it-all hominid ticket booth

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: thirsty brindle macaca love of her life



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



Reply Favorite

Date: April 25th, 2024 12:00 AM
Author: sapphire fragrant bbw

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: sapphire fragrant bbw

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: orange whorehouse

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: sapphire fragrant bbw

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: orange whorehouse

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: sapphire fragrant bbw

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: Flirting submissive cuckoldry liquid oxygen
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: pale cerebral market nowag

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: Beady-eyed Double Fault Lodge

hilarious

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



Reply Favorite

Date: April 25th, 2024 2:04 PM
Author: light church building

“Enjoy!”

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



Reply Favorite

Date: April 25th, 2024 2:13 PM
Author: Brilliant Police Squad



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



Reply Favorite

Date: April 25th, 2024 2:07 PM
Author: Demanding maize cruise ship

lol

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



Reply Favorite

Date: April 25th, 2024 4:39 PM
Author: poppy potus

, 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: hairless forum personal credit line



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



Reply Favorite

Date: April 25th, 2024 8:16 PM
Author: big nofapping messiness set

"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)