Basic Matching Contribution. The Employer will make matching contributions to the account of each "eligible Participant" in an amount equal to the sum of 100% of the amount of the Participant's Elective Deferrals that do not exceed 3% of the Participant's Compensation, plus 50% of the amount of the Participant's Elective Deferrals that exceed 3% of the Participant's Compensation but do not exceed 5% of the Participant's Compensation.
Appears in 6 contracts
Samples: Multiple Employer Participation Agreement, Adoption Agreement (American Physicians Service Group Inc), Adoption Agreement
Basic Matching Contribution. The Employer will make matching contributions Matching Contributions to the account of each "eligible Eligible Participant" in an amount equal to the sum of 100% of the amount of the Participant's Elective Deferrals that do not exceed 3% of the Participant's Compensation, plus 50% of the amount of the Participant's Elective Deferrals that exceed 3% of the Participant's Compensation but do not exceed 5% of the Participant's Compensation.
Appears in 2 contracts
Samples: Adoption Agreement (Baldwin Technology Co Inc), Adoption Agreement for Automatic Data Processing Non Standardized 401(k) Plan (Landauer Inc)
Basic Matching Contribution. The Employer will make matching contributions Matching Contributions to the account of each "eligible “Eligible Participant" ” in an amount equal to the sum of 100% of the amount of the Participant's ’s Elective Deferrals that do not exceed 3% of the Participant's ’s Compensation, plus 50% of the amount of the Participant's ’s Elective Deferrals that exceed 3% of the Participant's ’s Compensation but do not exceed 5% of the Participant's ’s Compensation.
Appears in 2 contracts
Samples: Adoption Agreement (LSB Bancshares Inc /Nc/), Adoption Agreement (Talbots Inc)
