Common use of Discretionary - tiered Clause in Contracts

Discretionary - tiered. The Employer may make matching contributions equal to a discretionary percentage of a Participant's Elective Deferrals, to be determined by the Employer, of each tier, to be determined by the Employer. The tiers may be based on the rate of a Participant's Elective Deferrals or Years of Service. Such contribution is subject to the Instructions and Notice requirement of Section 12.12.

Appears in 5 contracts

Samples: Multiple Employer Participation Agreement, Multiple Employer Participation Agreement, Multiple Employer Participation Agreement

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Discretionary - tiered. The Employer may make matching contributions equal to a discretionary percentage of a Participant's Elective Deferrals, to be determined by the Employer, of each tier, to be determined by the Employer. The tiers may be based on the rate of a Participant's Elective Deferrals or Years of Service. Such contribution is subject to the Instructions and Notice requirement of Section 12.12.

Appears in 2 contracts

Samples: Adoption Agreement for Employee Stock Ownership Plan (Esop), Adoption Agreement

Discretionary - tiered. The Employer may make matching contributions equal to a discretionary percentage of a Participant's Elective Deferrals, to be determined by the Employer, of each tier, to be determined by the Employer. The tiers may be based on the rate of a Participant's Elective Deferrals or Years of Service. Such contribution is subject to , of the Instructions and Notice requirement of Section 12.12Participant's Elective Deferrals.

Appears in 1 contract

Samples: Adoption Agreement for Volume Submitter 401(k) Profit Sharing Plan

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Discretionary - tiered. The Employer may make matching contributions equal to a discretionary percentage of a Participant's Elective Deferrals, to be determined by the Employer, of each tier, to be determined by the Employer. The tiers may be based on the rate of a Participant's Elective Deferrals or Years Year s of Service. Such contribution is subject to the Instructions and Notice requirement of Section 12.12.

Appears in 1 contract

Samples: Multiple Employer Participation Agreement

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