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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 swashbuckling windowlicker associate
  04/24/24
Smart!
Flirting Gold Depressive
  04/24/24
...
Brindle abusive theatre black woman
  04/24/24
lmao
Effete spectacular mediation
  04/24/24
lmao
Grizzly brunch
  04/24/24
...
out-of-control foreskin
  04/24/24
...
Fantasy-prone bbw
  04/24/24
I don't see any other interpretation
histrionic house legend
  04/24/24
cr. OP is retarded for poasting this
Orchid Son Of Senegal Hunting Ground
  04/24/24
...
vivacious den
  04/25/24
...
Startling swashbuckling windowlicker associate
  04/24/24
With a 5 year vesting schedule
stirring locus
  04/24/24
How much is their HR team freaking out right now? I'd thi...
Underhanded lodge nowag
  04/24/24
the hr team? not at all the innumerate and/or illiterate sh...
diverse philosopher-king hairy legs
  04/24/24
I think its at best a scriveners error and at worse fraud. ...
Underhanded lodge nowag
  04/24/24
...
henna razzle-dazzle doctorate boltzmann
  04/24/24
Does a typical CBA have an integration clause and mutual dra...
histrionic house legend
  04/24/24
One weird trick.
stimulating quadroon
  04/24/24
Why would you need a labor attorney? 99.9% of companies ...
Underhanded lodge nowag
  04/24/24
What difference does it make what industry standard terms ar...
histrionic house legend
  04/24/24
it's not the indemnity section of a purchase agreement revie...
passionate spot
  04/25/24
It's a CBA. It was negotiated by the union, not just impose...
histrionic house legend
  04/25/24
...
Ebony Senate
  04/24/24
How dumb are you, bro? The sentence only has one reasonable ...
vivacious den
  04/25/24
lmao
diverse philosopher-king hairy legs
  04/24/24
i can't read this in a way that makes the company's version ...
Concupiscible bat shit crazy old irish cottage twinkling uncleanness
  04/24/24
employee contribution - $79.30 the "first 6%" of ...
Adulterous cordovan scourge upon the earth
  04/24/24
...
laughsome claret ceo
  04/24/24
See below. Your math renders the entire formula moot. ...
Underhanded lodge nowag
  04/25/24
Yeah - if we're pretending to be a law board - there's no lo...
Underhanded lodge nowag
  04/24/24
It's not at all ambiguous. It clearly means 3% of the amount...
histrionic house legend
  04/25/24
Then why did they not write 3% instead of saying 50% of 6%?
Underhanded lodge nowag
  04/25/24
What difference does it make? Contractual language isn't re...
histrionic house legend
  04/25/24
Because your reading of it relies on the contract being draf...
Underhanded lodge nowag
  04/25/24
and then one day, for no reason at all
comical stead rigpig
  04/25/24
Lmao “And be grateful you get that much!”
nudist factory reset button tank
  04/25/24
hilarious
soul-stirring judgmental plaza jew
  04/25/24
“Enjoy!”
Nighttime Hospital
  04/25/24
...
henna razzle-dazzle doctorate boltzmann
  04/25/24
lol
Sexy Fragrant Ratface
  04/25/24
, after a 15 percent gratuity deduction.
vivacious den
  04/25/24
...
Startling swashbuckling windowlicker associate
  04/25/24
"First" 6% is nonsensical; it's probably language ...
Seedy stubborn crotch
  04/25/24


Poast new message in this thread



Reply Favorite

Date: April 24th, 2024 9:04 PM
Author: Startling swashbuckling windowlicker associate

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: Flirting Gold Depressive

Smart!

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



Reply Favorite

Date: April 24th, 2024 9:07 PM
Author: Brindle abusive theatre black woman



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



Reply Favorite

Date: April 24th, 2024 9:09 PM
Author: Effete spectacular mediation

lmao

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



Reply Favorite

Date: April 24th, 2024 9:10 PM
Author: Grizzly brunch

lmao

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



Reply Favorite

Date: April 24th, 2024 9:10 PM
Author: out-of-control foreskin



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



Reply Favorite

Date: April 24th, 2024 9:11 PM
Author: Fantasy-prone bbw



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



Reply Favorite

Date: April 24th, 2024 9:14 PM
Author: histrionic house legend

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: Orchid Son Of Senegal Hunting Ground

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: vivacious den



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



Reply Favorite

Date: April 24th, 2024 9:15 PM
Author: Startling swashbuckling windowlicker associate



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



Reply Favorite

Date: April 24th, 2024 10:02 PM
Author: stirring locus

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: Underhanded lodge nowag

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: diverse philosopher-king hairy legs

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: Underhanded lodge nowag

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: henna razzle-dazzle doctorate boltzmann



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



Reply Favorite

Date: April 24th, 2024 10:29 PM
Author: histrionic house legend

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: stimulating quadroon

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: Underhanded lodge nowag

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: histrionic house legend

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: passionate spot

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: histrionic house legend

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: Ebony Senate



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



Reply Favorite

Date: April 25th, 2024 4:37 PM
Author: vivacious den

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: diverse philosopher-king hairy legs

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 bat shit crazy old irish cottage twinkling uncleanness

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: Adulterous cordovan scourge upon the earth

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: laughsome claret ceo



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



Reply Favorite

Date: April 25th, 2024 12:00 AM
Author: Underhanded lodge nowag

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: Underhanded lodge nowag

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: histrionic house legend

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: Underhanded lodge nowag

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: histrionic house legend

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: Underhanded lodge nowag

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: comical stead rigpig
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: nudist factory reset button tank

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: soul-stirring judgmental plaza jew

hilarious

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



Reply Favorite

Date: April 25th, 2024 2:04 PM
Author: Nighttime Hospital

“Enjoy!”

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



Reply Favorite

Date: April 25th, 2024 2:13 PM
Author: henna razzle-dazzle doctorate boltzmann



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



Reply Favorite

Date: April 25th, 2024 2:07 PM
Author: Sexy Fragrant Ratface

lol

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



Reply Favorite

Date: April 25th, 2024 4:39 PM
Author: vivacious den

, 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 swashbuckling windowlicker associate



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



Reply Favorite

Date: April 25th, 2024 8:16 PM
Author: Seedy stubborn crotch

"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)