Employer Matching Contributions. The Employer may elect to make regular matching contributions under the Plan. Such matching contributions on behalf of any Member shall be conditioned upon the Member making after-tax contributions under Section 3.1 and/or 401(k) deferrals under Sections 3.2 and 3.9. If so adopted, the Employer shall contribute monthly under the Plan on behalf of each of its Members an amount equal to a percentage (as specified by the Employer in the Adoption Agreement) of the Member's after-tax contributions and/or 401(k) deferrals not in excess of a maximum percentage as specified by the Employer in the Adoption Agreement (in increments of 1%) of his Salary for such month. The percentage elected by the Employer shall be based on 5% increments not to exceed 200% or in accordance with one of the schedules of matching contribution formulas listed below, and must be uniformly applicable to all Members. Years of Employment Matching % Formula Step 1 Less than 3 50% At least 3 but less than 5 75% 5 or more 100% Formula Step 2 Less than 3 100% At least 3 but less than 5 150% 5 or more 200%
Employer Matching Contributions. Forfeitures of Employer Matching Contributions will be used as follows (check and complete (a) or (b)):
Employer Matching Contributions. The Employer may elect to make regular matching contributions under the Plan. Such matching contributions on behalf of any Member shall be conditioned upon the Member making after-tax contributions under Section 3.1 and/or 401(k) deferrals under Sections 3.2 and 3.10. If so adopted, the Employer shall contribute under the Plan on behalf of each of its Members an amount equal to a percentage (as specified by the Employer in the Adoption Agreement) of the Member=s after-tax contributions and/or 401(k) deferrals not in excess of a maximum percentage as specified by the Employer in the Adoption Agreement (in increments of 1%) of his Salary. The percentage elected by the Employer shall be based on a formula not to exceed 2005 or in accordance with one of the schedules of matching contribution formulas listed below, and must be uniformly applicable to all Members.
Employer Matching Contributions. The Employer will match contributions of employees who have completed six (6) months of employment. Employer will match 50% of the employee contribution, up to a maximum of 3% employee salary. (Example 1: An employee who contributes 6% of their wages, is eligible for a 3% employer matching contribution. Example 2: An employee who contributes 4% of their wages, is eligible for a 2% employer matching contribution. Example 3: An employee who contributes 10% of their wages is eligible for a 3% employer matching contributions).
Employer Matching Contributions. For each Plan Year, and subject to the terms of Section 5.3 of the Plan, the Employer shall match the Employee’s Elective Deferrals on a dollar-for-dollar basis (not to exceed the lesser of 3% of the Employee’s Compensation or the Applicable Limit), unless a lesser percentage is inserted here that is equal to or greater than 1%, but no more than 3%, of the Employee’s Compensation, or the Applicable Limit: Percentage % Note: With respect to Matching Contributions, if the Employer elects to reduce the 3% Matching Contributions limit in Item 4A above to a lesser percentage, then the Employer cannot reduce the 3% limit for more than two years out of the five-year period ending with the Plan Year the reduction is effective. OR
Employer Matching Contributions. An Employer is generally required to make a matching contribution on behalf of each eligible employee in an amount equal to the Depositor’s salary reduction contributions, up to 3% of the Depositor’s compensation for the applicable Plan Year. The Employer can elect to reduce this matching contribution to not less than 1%, pro- vided notification is provided by the Employer of the Employer’s intention to reduce this limit within a reasonable period of time before the Election Period for that Plan Year, and such a reduction in matching contributions has not occurred in more than two out of the last five years that ends with (and includes) the Plan Year for which the election is effective. The maxi- mum Employer Matching contribution that can be made is the Applicable Limit. The Custodian shall not be responsible for determining the amount of any matching contribution made on behalf of the Depositor, nor shall the Custodian be responsible to recommend or compel any Employer contributions to the Account. The disposition of excess matching contribu- tions will be made in accordance with instructions from the Depositor (or the Depositor’s Authorized Agent, or, after the death of the Depositor, the Beneficiary) or the Depositor’s Employer, as the case may be, to the Custodian in a form and manner acceptable to it. If you, as Depositor, are 50 years of age or older, your Employer must generally match any catch-up contributions you make up to the limits described herein.
Employer Matching Contributions. To the extent a Participant has made the maximum elective deferral to the Coventry Health Care, Inc. Retirement Savings Plan (the “401(k) Plan”), the Employer will credit an Employer Matching Contribution on behalf of the Participant if he is employed on the last day of the Plan Year. The amount of the Employer Matching Contribution will be equal to the 401(k) Plan Employer Matching Contribution, as defined in the 401(k) Plan document, applied to the sum of the Participant’s elective deferrals to the 401(k) Plan for the Plan Year, less matching contributions made by the Employer to the 401(k) Plan for the Participant. In no event will the aggregate Employer Matching Contribution to this Plan and the 401(k) Plan exceed 4.5% of the Participant’s Compensation. The Employer Matching Contribution will be credited to the Participant’s Deferred Compensation Account within 120 days after the end of the Plan Year. Notwithstanding the above, for Plan Years beginning on or after January 1, 2003, to the extent a Participant has made the maximum elective deferral to the 401(k) Plan, exclusive of any Catch-up Contribution such Participant may be eligible to make to the 401(k) Plan, the Participant shall be eligible for an Employer Matching Contribution if he is employed on the last day of the Plan Year. The amount of the Employer Matching Contribution for the Plan Year shall be calculated by applying the matching contribution formula in the 401(k) Plan, but using Compensation as defined herein rather than compensation as defined in the 401(k) Plan, to the sum of the Participant’s elective deferrals to the 401(k) Plan and the Participant’s Deferred Compensation under this Plan, less any amount contributed by the Employer to the 401(k) Plan as a matching contribution on behalf of the Participant for the same Plan Year. The Employer Matching Contribution will be credited to the Participant’s Deferred Compensation Account within 120 days after the end of the Plan Year.
Employer Matching Contributions. [Check all that apply] [X] (a) Salary. [X] (b) Bonuses.
Employer Matching Contributions. For each Plan Year and subject to the terms of Section 4.3 of the Plan, the Employer shall match the Employee’s Elective Deferral on a dollar-for-dollar basis (not to exceed the lesser of 3% of the Employee’s Compensation or the Applicable Limit), unless a lesser percentage is inserted here that is equal to or greater than 1%, but not more than 3% of the Employee’s Compensation, or the Applicable Limit: Percentage . %
Employer Matching Contributions. Contributions made to the Plan by the Employer pursuant to Section 3.2.
