Common use of Eligibility for Matching Contributions Clause in Contracts

Eligibility for Matching Contributions. Unless designated otherwise under this subsection, After-Tax Employee Contributions will not be eligible for Matching Contributions under the Plan. (1) After-Tax Employee Contributions are eligible for the following Matching Contributions under the Plan: (i) All Matching Contributions elected under AA §6B. 🞎 (ii) All Matching Contributions designated under AA §6B-2, except for the following Matching Contributions: (2) The Matching Contribution formula only applies to After-Tax Employee Contributions that do not exceed: 🞎 (i) % of Plan Compensation. 🞎 (ii) $ . 🞎 (iii) A discretionary amount determined by the Employer.

Appears in 5 contracts

Samples: 403(b) Plan Adoption Agreement, 403(b) Plan Adoption Agreement, Volume Submitter Governmental 403(b) Plan Adoption Agreement

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