Basic Matching Contribution Formula. Matching Contributions will be made on behalf of Participants in an amount equal to 100% of the amount of the Eligible Participant’s Elective Deferrals that do not exceed 3% of the Participant’s Compensation and 50% of the amount of the Participant’s Elective Deferrals that exceed 3% of the Participant’s Compensation but that do not exceed 5% of the Participant’s Compensation.
Appears in 4 contracts
Samples: Nonstandardized Adoption Agreement (First Northwest Bancorp), Defined Contribution Plan (ASB Bancorp Inc), Savings and Investment Plan Document (Sterling Chemicals Inc)
