Common use of Discretionary Match Clause in Contracts

Discretionary Match. The Employer shall contribute and allocate to each eligible Participant's account a percentage of the Participant's Elective Deferral contributed and allocated in accordance with paragraph 7(b) above. The Employer shall set such percentage prior to the end of the Plan Year. The Employer shall not match Participant Elective Deferrals in excess of $ or in excess of % of the Participant's Compensation.

Appears in 2 contracts

Samples: Adoption Agreement (Franklin Financial Corp /Tn/), Port Financial Corp

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Discretionary Match. The Employer shall contribute and allocate to each eligible Participant's account a percentage of the Participant's Elective Deferral contributed and allocated in accordance with paragraph 7(b) above. The Employer shall set such percentage prior to the end of the Plan Year. The Employer shall not match Participant Elective Deferrals in excess of $ $____ or in excess of ___% of the Participant's Compensation.

Appears in 1 contract

Samples: Non Standardized Adoption Agreement (Valley National Corp /De/)

Discretionary Match. The Employer shall contribute and allocate to each eligible Participant's account a percentage of the Participant's Elective Deferral contributed and allocated in accordance with paragraph 7(b) above. The Employer shall set such percentage prior to the end of the Plan Year. The Employer shall not match Participant Elective Deferrals in excess of $ $______ or in excess of _____% of the Participant's Compensation.

Appears in 1 contract

Samples: Standardized Adoption Agreement (Maxim Pharmaceuticals Inc)

Discretionary Match. The Employer shall contribute and allocate to each eligible Participant's account a percentage of the Participant's Elective Deferral contributed and allocated in accordance with paragraph 7(b) above. The Employer shall set such percentage prior to the end of the Plan Year. The Employer shall not match Participant Elective Deferrals in excess of $ or in excess of % of the ------ --- Participant's Compensation.

Appears in 1 contract

Samples: Plan #001 Standardized Adoption Agreement (Allegiant Bancorp Inc)

Discretionary Match. The Employer shall contribute and allocate to each eligible Participant's account a percentage of the Participant's Elective Deferral contributed and allocated in accordance with paragraph 7(b) above. The Employer shall may set such percentage prior to the end of the Plan Year. The Employer shall not match Participant Elective Deferrals in excess of $ $_____ or in excess of 6% of the Participant's Compensation.

Appears in 1 contract

Samples: Adoption Agreement (Sano Corp)

Discretionary Match. The Employer shall contribute and allocate to each eligible Participant's account a percentage of the Participant's Elective Deferral contributed and allocated in accordance with paragraph 7(b) above. The Employer shall set such percentage prior to the end of the Plan Year. The Employer shall not match Participant Elective Deferrals in excess of $ $___ or in excess of ___% of the Participant's Compensation.

Appears in 1 contract

Samples: Adoption Agreement (Shared Technologies Cellular Inc)

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Discretionary Match. The Employer shall contribute and allocate to each eligible Participant's account a percentage of the Participant's Elective Deferral contributed and allocated in accordance with paragraph 7(b) above. The Employer shall set such percentage prior to the end of the Plan Year. The Employer shall not match Participant Elective Deferrals in excess of $ $________ or in excess of ____% of the Participant's Compensation.

Appears in 1 contract

Samples: Standardized Adoption Agreement (Century Bancorp Inc)

Discretionary Match. The Employer shall contribute and allocate to each eligible Participant's account a percentage of the Participant's Elective Deferral contributed and allocated in accordance with paragraph 7(b) above. The Employer shall set such percentage prior to the end of the Plan Year. The Employer shall not match Participant Elective Deferrals in excess of $ $_________ or in excess of ___% of the Participant's Compensation.

Appears in 1 contract

Samples: Adoption Agreement (California Coastal Communities Inc)

Discretionary Match. The Employer shall contribute and allocate to each eligible Participant's account a percentage of the Participant's Elective Deferral contributed and allocated in accordance with paragraph 7(b) above. The Employer shall set such percentage prior to the end of the Plan Year. The Employer shall not match Participant Elective Deferrals in excess of $ or in excess of % of the Participant's Compensation.

Appears in 1 contract

Samples: Non Standardized Adoption Agreement (Princeton Review Inc)

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