Discretionary Matching Contribution. The Employer may make a different discretionary Matching Contribution for each Employee group designated under subsection (1).
Discretionary Matching Contribution. Discretionary Matching Contribution means a Matching Contribution which the Employer in its sole discretion elects to make to the Plan. The Employer retains discretion over the Discretionary Matching Contribution rate or amount, the limit(s) on Elective Deferrals or Employee Contributions subject to match, the per Participant match allocation limit(s), the Participants who will receive the allocation, and the time period applicable to any matching formula(s) (collectively, the "matching formula"), except as the Employer otherwise elects in its Adoption Agreement.
Discretionary Matching Contribution. The employer may make matching contributions in an amount determined each plan year on behalf of each participant who makes matchable savings contributions. Discretionary matching contributions will be allocated in accordance with any one of the methods specified in the Plan, unless the Employer elects, by checking the following box, to limit the method of the allocation to the following method: |_| Each eligible participant shall receive an equal allocation as a percentage of his or her matchable savings contributions during the matching period up to a discretionary maximum dollar amount or percentage of compensation. Annual Matching Contribution. Unless checked below, the Employer may make an additional matching contribution, which shall be allocated among those participants whose matchable savings contributions, when examined on an annual basis, was lower than the maximum percentage of compensation for which matching contributions could be made. |_| Annual Matching Contributions are not permitted.
