Amount of Matching Contribution Sample Clauses

Amount of Matching Contribution. Subject to applicable limitations provided by the Plan, the Employer shall contribute to the Trust Fund each Plan Year with respect to the amount of Elective Contributions on behalf of each electing Employee a Matching Contribution determined in the manner set forth in the Adoption Agreement.
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Amount of Matching Contribution. The District shall match up to the first $750.00 (seven-hundred fifty dollars) of the teacher’s contribution to the 403(b) plan per school year. Commencing July 1, 2015, the amount of District contribution to 403(b) and VEBA accounts shall be according to the following table: Upon continuing contract, years of experience as granted on the salary schedule (step) Employee Contribution (up to) District 403(b) Match (up to) VEBA District contribution (up to) 2 – 15 $750 $750 $0 16 + $1000 $1000 $0 20+ $1000 $1000 $1750
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Amount of Matching Contribution. Effective January 1, 2018, full-time employees may contribute to a 403(b) plan and will receive a matching contribution from the District based on their completed years of service. Part-time employees are not eligible to participate in the matching contribution program. The maximum amount of the District’s annual matching contribution is stated in the schedule below. One year of service is defined as the completion of twelve continuous months of service.
Sample 1Sample 2
Amount of Matching Contribution. Effective July 1, 2018, the District shall match up to $750 (seven hundred fifty dollars) per school year of the employee’s contribution to the 403(b) plan.
Sample 1Sample 2
Amount of Matching Contribution. If the employer has specified that it will make employer matching contributions on behalf of participants, such matching contributions will be in an amount determined as follows: [Select one] [X] (a) 50% of the compensation deferral contributions made by each participant.
Sample 1
Amount of Matching Contribution. Subject to applicable limitations provided by the Plan, the Employer shall contribute to the Trust Fund each Plan Year with respect to the amount of Elective Deferrals on behalf of each electing Employee, a Matching Contribution determined in the manner set forth in the Adoption Agreement, to the extent permitted under Code section 401(m). If elected in the Adoption Agreement, Catch-up Contributions will not be treated as Elective Deferrals in the calculation of Matching Contributions. If the Participants’ Elective Deferral elections are made on an annual basis, but Elective Deferrals are taken from Compensation on some other basis, the Employer must True-Up Matching Contributions at the end of the Plan Year to an annual basis unless elected otherwise in the Adoption Agreement. Short Form. Catch-up contributions will be matched at the same rate as Elective Deferrals.
Sample 1
Amount of Matching Contribution. If the employer has specified that it will make employer matching contributions on behalf of participants, such matching contributions will be in an amount determined as follows: [Select one]
Sample 1
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Related to Amount of Matching Contribution

  • Qualified Matching Contributions If selected below, the Employer may make Qualified Matching Contributions for each Plan Year (select all those applicable):

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Employer Contributions 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement.

  • DEFERRAL CONTRIBUTIONS The Advisory Committee will allocate to each Participant's Deferral Contributions Account the amount of Deferral Contributions the Employer makes to the Trust on behalf of the Participant. The Advisory Committee will make this allocation as of the last day of each Plan Year unless, in Adoption Agreement Section 3.04, the Employer elects more frequent allocation dates for salary reduction contributions.

  • Elective Deferrals An Employee will be eligible to become a Contributing Participant in the Plan (and thus be eligible to make Elective Deferrals) and receive Matching Contributions (including Qualified Matching Contributions, if applicable) after completing 1 (enter 0, 1 or any fraction less than 1) Years of Eligibility Service.

  • Qualified Nonelective Contributions If the Employer, at the time of contribution, designates a contribution to be a qualified nonelective contribution for the Plan Year, the Advisory Committee will allocate that qualified nonelective contribution to the Qualified Nonelective Contributions Account of each Participant eligible for an allocation of that designated contribution, as specified in Section 3.04 of the Employer's Adoption Agreement. The Advisory Committee will make the allocation to each eligible Participant's Account in the same ratio that the Participant's Compensation for the Plan Year bears to the total Compensation of all eligible Participants for the Plan Year. The Advisory Committee will determine a Participant's Compensation in accordance with the general definition of Compensation under Section 1.12 of the Plan, as modified by the Employer in Sections 1.12 and 3.06 of its Adoption Agreement.

  • Employer Profit Sharing Contributions An Employee will be eligible to become a Participant in the Plan for purposes of receiving an allocation of any Employer Profit Sharing Contribution made pursuant to Section 11 of the Adoption Agreement after completing 1 (enter 0, 1, 2 or any fraction less than 2)

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Deferral Account 3.1 Establishing and Crediting. The Company shall establish a Deferral Account on its books for the Director, and shall credit to the Deferral Account the following amounts:

  • Contribution Allocation The Advisory Committee will allocate deferral contributions, matching contributions, qualified nonelective contributions and nonelective contributions in accordance with Section 14.06 and the elections under this Adoption Agreement Section 3.04.

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