Common use of Discretionary Match Clause in Contracts

Discretionary Match. The Employer's Matching Contribution shall be determined by the Employer with respect to each Plan Year. The Matching Contribution shall be contributed to each eligible Participant in accordance with the nondiscriminatory formula determined by the Employer. If this Plan is also utilizing a Safe Harbor Contribution, pursuant to Section VII of this Adoption Agreement, Discretionary Matching Contributions may not exceed 4% of Compensation.

Appears in 8 contracts

Samples: Adoption Agreement, Adoption Agreement, Nonstandardized Adoption Agreement (Banctrust Financial Group Inc)

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Discretionary Match. The Employer's Matching Contribution shall be determined by the Employer with respect to each Plan Year. The Matching Contribution shall be contributed to each eligible Participant in accordance with the nondiscriminatory formula determined by the Employer. If this Plan is also utilizing a Safe Harbor Contribution, pursuant to Section VII of this Adoption Agreement, Discretionary Matching Contributions may not exceed 4% of Compensation.

Appears in 7 contracts

Samples: Nonstandardized Adoption Agreement (Banctrust Financial Group Inc), Adoption Agreement (Atlas America Inc), Defined Contribution Plan (Spheris Leasing LLC)

Discretionary Match. The Employer's ’s Matching Contribution shall be determined by the Employer with respect to each Plan Year. The Matching Contribution shall be contributed to each eligible Participant in accordance with the nondiscriminatory formula determined by the Employer. If this Plan is also utilizing a Safe Harbor Contribution, pursuant to Section VII of this Adoption Agreement, Discretionary Matching Contributions may not exceed 4% of Compensation.

Appears in 3 contracts

Samples: Defined Contribution Plan (Georgetown Bancorp, Inc.), Defined Contribution Plan (United Community Bancorp), Defined Contribution Plan (Chicopee Bancorp, Inc.)

Discretionary Match. The Employer's Matching Contribution shall be determined by the Employer with respect to each Plan Year. The Matching Contribution shall be contributed to each eligible Participant in accordance with the nondiscriminatory formula determined by the Employer. If this Plan is also utilizing a Safe Harbor Contribution, pursuant to Section VII of this Adoption Agreement, Discretionary Required After-tax Matching Contributions may not exceed 4% of Compensation.Contribution Formulas:

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (CRH Public LTD Co)

Discretionary Match. The Employer's Matching Contribution shall be determined by the Employer with respect to each Plan Year. The Matching Contribution shall be contributed to each eligible Participant in accordance with the nondiscriminatory formula determined by the Employer. If this Plan is also utilizing a Safe Harbor Contribution, pursuant to Section VII of this Adoption Agreement, Discretionary Matching Contributions may not exceed 4% of Compensation.. Section 401(k) Plan AA #010

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (Jda Software Group Inc)

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Discretionary Match. The Employer's Matching Contribution shall be determined by the Employer with respect to each Plan Year. The Matching Contribution shall be contributed to each eligible Participant in accordance with the nondiscriminatory formula determined by the Employer. If this Plan is also utilizing a Safe Harbor Contribution, pursuant to Section VII of this Adoption Agreement, Discretionary Matching Contributions may not exceed 4% of Compensation.. 15 Section 401(k) Plan AA #010

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (Banctrust Financial Group Inc)

Discretionary Match. The Employer's Matching Contribution shall be determined by the Employer with respect to each Plan Year. The Matching Contribution shall be contributed allocated to each eligible Participant in accordance with the nondiscriminatory formula determined elected by the Employer. (If this Plan plan is also utilizing a Safe Harbor Contributionsafe harbor contribution, pursuant to Section VII of this Adoption Agreement, Discretionary Matching Contributions may not exceed 4% of the Compensation.)

Appears in 1 contract

Samples: Non Standardized Adoption Agreement (Monro Muffler Brake Inc)

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