You may begin making contributions to the Plan on the first day of any month coinciding with or following your date of hire.

Your total Global Employee Savings Plan balance consists of the following accounts:

• Regular Account
  Your contributions of up to 10 percent of Benefit Base Salary.


• University Account
  KAUST matching contributions of up to 10 percent of your Benefit Base Salary made on your behalf.


• Miscellaneous Account
  Contributions to the plan from all of your sources of income including Benefit Base Salary, Overseas Incentive/Over Base Allowance or Competitive Adjustment Allowance, Administrative Allowance and Strategic Recruitment Allowance up to 90 percent of your income.


• Rollover Account
  Your qualified rollover funds from another employer’s plan.

You can contribute any whole percentage between 1 percent and 10 percent of your Benefit Base Salary to your Regular Account. Benefit Base Salary is your regular Monthly Base Salary (excluding all other sources of income) paid to you by KAUST.

You can make additional contributions to your Miscellaneous Account from all of your sources of income including Benefit Base Salary, Overseas Incentive/Over Base Allowance or Competitive Adjustment Allowance, Administrative Allowance and Strategic Recruitment Allowance up to 90 percent of your income.