Employer Matching Contributions. The Employer may elect to make regular matching contributions under the Plan. Such matching contributions on behalf of any Member shall be conditioned upon the Member making after-tax contributions under Section 3.1 and/or 401(k) deferrals under Sections 3.2 and 3.9. If so adopted, the Employer shall contribute under the Plan on behalf of each of its Members an amount equal to a percentage (as specified by the Employer in the Adoption Agreement) of the Member's after-tax contributions and/or 401(k) deferrals not in excess of a maximum percentage as specified by the Employer in the Adoption Agreement (in increments of 1%) of his Salary. The percentage elected by the Employer shall based on a formula not to exceed 200% or in accordance with one of the schedules of matching contribution formulas listed below, and must be uniformly applicable to all Members. Years of Employment Matching % ------------------- ---------- Formula Step 1 Less than 3 50% At least 3 but less than 5 75% 5 or more 100% Formula Step 2 Less than 3 100% At least 3 but less than 5 150% 5 or more 200%
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Samples: Adoption Agreement (CCSB Financial Corp), Pulaski Financial Corp
Employer Matching Contributions. The Employer may elect to make regular matching contributions under the Plan. Such matching contributions on behalf of any Member shall be conditioned upon the Member making after-tax contributions under Section 3.1 and/or 401(k) deferrals under Sections 3.2 and 3.9. If so adopted, the Employer shall contribute under the Plan on behalf of each of its Members an amount equal to a percentage (as specified by the Employer in the Adoption Agreement) of the Member's after-tax contributions and/or 401(k) deferrals not in excess of a maximum percentage as specified by the Employer in the Adoption Agreement (in increments of 1%) of his Salary. The percentage elected by the Employer shall be based on a formula 1% increments not to exceed 200% or in accordance with one of the schedules of matching contribution formulas listed below, and must be uniformly applicable to all Members. Years of Employment Matching % ------------------- ---------- Formula Step 1 Less than 3 50% At least 3 but less than 5 75% 5 or more 100% Formula Step 2 Less than 3 100% At least 3 but less than 5 150% 5 or more 200%
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Samples: Adoption Agreement (BCSB Bankcorp Inc), First Community Financial Corp /Nc/
Employer Matching Contributions. The Employer may elect to make regular matching contributions under the Plan. Such matching contributions on behalf of any Member shall be conditioned upon the Member making after-tax contributions under Section 3.1 and/or 401(k) deferrals under Sections 3.2 and 3.9. If so adopted, the Employer shall contribute monthly under the Plan on behalf of each of its Members an amount equal to a percentage (as specified by the Employer in the Adoption Agreement) of the Member's after-tax contributions and/or 401(k) deferrals not in excess of a maximum percentage as specified by the Employer in the Adoption Agreement (in increments of 1%) of his SalarySalary for such month. The percentage elected by the Employer shall be based on a formula 5% increments not to exceed 200% or in accordance with one of the schedules of matching contribution formulas listed below, and must be uniformly applicable to all Members. Years of Employment Matching % ------------------- ---------- Formula Step 1 Less than 3 50% At least 3 but less than 5 75% 5 or more 100% Formula Step 2 Less than 3 100% At least 3 but less than 5 150% 5 or more 200%
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Samples: Riverview Bancorp Inc, HMN Financial Inc
Employer Matching Contributions. The Employer may elect to make regular matching contributions under the Plan. Such matching contributions on behalf of any Member shall be conditioned upon the Member making after-tax contributions under Section 3.1 and/or 401(k) deferrals under Sections 3.2 and 3.9. If so adopted, the Employer shall contribute under the Plan on behalf of each of its Members an amount equal to a percentage (as specified by the Employer in the Adoption Agreement) of the Member's after-tax contributions and/or 401(k) deferrals not in excess of a maximum percentage as specified by the Employer in the Adoption Agreement (in increments of 1%) of his Salary. The percentage elected by the Employer shall based on a formula not to exceed 200% or in accordance with one of the schedules of matching contribution formulas listed below, and must be uniformly applicable to all Members. Years of Employment Matching % ------------------- -------------------------- ---------- Formula Step 1 Less than 3 50% At least 3 but less than 5 75% 5 or more 100% Formula Step 2 Less than 3 100% At least 3 but less than 5 150% 5 or more 200%
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Samples: Agreement (Central Federal Corp)
Employer Matching Contributions. The Employer may elect to make regular matching contributions under the Plan. Such matching contributions on behalf of any Member shall be conditioned upon the Member making after-tax contributions under Section 3.1 and/or 401(k) deferrals under Sections 3.2 and 3.9. If so adopted, the Employer shall contribute under the Plan on behalf of each of its Members an amount equal to a percentage (as specified by the Employer in the Adoption Agreement) of the Member's ’s after-tax contributions and/or 401(k) deferrals not in excess of a maximum percentage as specified by the Employer in the Adoption Agreement (in increments of 1%) of his Salary. The percentage elected by the Employer shall be based on a formula not to exceed 200% or in accordance with one of the schedules of matching contribution formulas listed below, and must be uniformly applicable to all Members. Years of Employment Matching % ------------------- ---------- Formula Step 1 Less than 3 50% At least 3 but less than 5 75% 5 or more 10050 75 100 % % % Formula Step 2 Less than 3 100% At least 3 but less than 5 150% 5 or more 200100 150 200 % % %
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Employer Matching Contributions. The Employer may elect to make regular matching contributions under the Plan. Such matching contributions on behalf of any Member shall be conditioned upon the Member making after-tax contributions under Section 3.1 and/or 401(k) deferrals under Sections 3.2 and 3.9. If so adopted, the Employer shall contribute under the Plan on behalf of each of its Members an amount equal to a percentage (as specified by the Employer in the Adoption Agreement) of the Member's after-tax contributions and/or 401(k) deferrals not in excess of a maximum percentage as specified by the Employer in the Adoption Agreement (in increments of 1%) of his Salary. The percentage elected by the Employer shall based on a formula not to exceed 200% or in accordance with one of the schedules of matching contribution formulas listed below, and must be uniformly applicable to all Members. Years of Employment Matching YEARS OF EMPLOYMENT MATCHING % ------------------- ---------- ------------------ ----------- Formula Step 1 Less than 3 50% At least 3 but less than 5 75% 5 or more 100% Formula Step 2 Less than 3 100% At least 3 but less than 5 150% 5 or more 200%
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Employer Matching Contributions. The Employer may elect to make regular matching contributions under the Plan. Such matching contributions on behalf of any Member shall be conditioned upon the Member making after-tax contributions under Section 3.1 and/or 401(k) deferrals under Sections 3.2 and 3.9. If so adopted, the Employer shall contribute monthly under the Plan on behalf of each of its Members an amount equal to a percentage (as specified by the Employer in the Adoption Agreement) of the Member's after-tax contributions and/or 401(k) deferrals not in excess of a maximum percentage as specified by the Employer in the Adoption Agreement (in increments of 1%) of his SalarySalary for such month. The percentage elected by the Employer shall be based on a formula 5% increments not to exceed 200% or in accordance with one of the schedules of matching contribution formulas listed below, and must be uniformly applicable to all Members. Years of Employment Matching % ------------------- ---------- Formula Step 1 Less than 3 50% At least 3 but less than 5 75% 5 or more 100% Formula Step 2 Less than 3 100% At least 3 but less than 5 150% 5 or more 200%
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Employer Matching Contributions. The Employer may elect to make regular matching contributions under the Plan. Such matching contributions on behalf of any Member shall be conditioned upon the Member making after-tax contributions under Section 3.1 and/or 401(k) deferrals under Sections 3.2 and 3.9. If so adopted, the Employer shall contribute monthly under the Plan on behalf of each of its Members an amount equal to a percentage (as specified by the Employer in the Adoption Agreement) of the Member's after-tax contributions and/or 401(k) deferrals not in excess of a maximum percentage as specified by the Employer in the Adoption Agreement (in increments of 1%) of his Salary. The percentage elected by the Employer shall be based on a formula 5% increments not to exceed 200% or in accordance with one of the schedules of matching contribution formulas listed below, and must be uniformly applicable to all Members. Years of Employment Matching % ------------------- ---------- Formula Step 1 Less than 3 50% At least 3 but less than 5 75% 5 or more 100% Formula Step 2 Less than 3 100% At least 3 but less than 5 150% 5 or more 200%
Appears in 1 contract
Samples: 1st State Bancorp Inc
Employer Matching Contributions. The Employer may elect to make regular matching contributions under the Plan. Such matching contributions on behalf of any Member shall be conditioned upon the Member making after-tax contributions under Section 3.1 and/or 401(k) deferrals under Sections 3.2 and 3.9. If so adopted, the Employer shall contribute under the Plan on behalf of each of its Members an amount equal to a percentage (as specified by the Employer in the Adoption Agreement) of the Member's after-tax contributions and/or 401(k401 (k) deferrals not in excess of a maximum percentage as specified by the Employer in the Adoption Agreement (in increments of 11 %) of his Salary. The percentage elected by the Employer shall based on a formula not to exceed 200% or in accordance with one of the schedules of matching contribution formulas listed below, and must be uniformly applicable to all Members. Years of Employment Matching % ------------------- ---------- --------------------------------- -------------------- Formula Step 1 Less than 3 50% At least 3 but less than 5 75% 5 or more 100% Formula Step 2 1 Less than 3 100% At least 3 but less than 5 150% 5 or more 200%
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Employer Matching Contributions. The Employer may elect to make regular matching contributions under the Plan. Such matching contributions on behalf of any Member shall be conditioned upon the Member making after-tax contributions under Section 3.1 and/or 401(k) deferrals under Sections 3.2 and 3.9. If so adopted, the Employer shall contribute under the Plan on behalf of each of its Members an amount equal to a percentage (as specified by the Employer in the Adoption Agreement) of the Member's ’s after-tax contributions and/or 401(k) deferrals not in excess of a maximum percentage as specified by the Employer in the Adoption Agreement (in increments of 1%) of his Salary. The percentage elected by the Employer shall be based on a formula not to exceed 200% or in accordance with one of the schedules of matching contribution formulas listed below, and must be uniformly applicable to all Members. Years of Employment Matching % ------------------- ---------- Formula Step 1 Less than 3 5050 % At least 3 but less than 5 7575 % 5 or more 100100 % Formula Step 2 Less than 3 100100 % At least 3 but less than 5 150150 % 5 or more 200200 %
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Employer Matching Contributions. The Employer may elect to make regular matching contributions under the Plan. Such matching contributions on behalf of any Member shall be conditioned upon the Member making after-tax contributions under Section 3.1 and/or 401(k) deferrals under Sections 3.2 and 3.9. If so adopted, the Employer shall contribute under the Plan on behalf of each of its Members an amount equal to a percentage (as specified by the Employer in the Adoption Agreement) of the Member's after-tax contributions and/or 401(k) deferrals not in excess of a maximum percentage as specified by the Employer in the Adoption Agreement (in increments of 11 %) of his Salary. The percentage elected by the Employer shall based on a formula not to exceed 200% or in accordance with one of the schedules of matching contribution formulas listed below, and must be uniformly applicable to all Members. Years of Employment Matching % ------------------- ---------- Formula Step 1 Less than 3 50% At least 3 but less than 5 75% 5 or more 100% Formula Step 2 Less than 3 100% At least 3 but less than 5 150% 5 or more 200%
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