Definition of Basic Matching Contribution. A Basic Matching Contribution is a Fixed Matching Contribution equal to 100% of a Participant's Elective Deferrals which do not exceed 3% of Compensation, plus 50% of Elective Deferrals which exceed 3%, but do not exceed 5% of Compensation.
Appears in 3 contracts
Samples: Plan and Trust Agreement (Bob Evans Farms Inc), Participation Agreement (Nci Building Systems Inc), Plan and Trust Agreement (Finisar Corp)
Definition of Basic Matching Contribution. A Basic Matching Contribution is a Fixed Matching Contribution equal to 100% of a Participant's ’s Elective Deferrals which do not exceed 3% of Compensation, plus 50% of Elective Deferrals which exceed 3%, but do not exceed 5% of Compensation.
Appears in 2 contracts
