Common use of Employer Matching Contributions Clause in Contracts

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 3.10. 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 not to exceed 2005 or in accordance with one of the schedules of matching contribution formulas listed below, and must be uniformly applicable to all Members.

Appears in 2 contracts

Samples: Adoption Agreement (Sugar Creek Financial Corp./Md/), Adoption Agreement (Cape Bancorp, Inc.)

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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 3.103.9. 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 1% increments not to exceed 2005 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 % ------------------- ----------

Appears in 1 contract

Samples: Adoption Agreement (American Financial Holding Corp 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 3.103.9. 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 2005 200% or in accordance with one of the schedules of matching contribution formulas listed below, and must be uniformly applicable to all Members.

Appears in 1 contract

Samples: Adoption Agreement (Sugar Creek 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 3.10. 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 2005 or in accordance with one of the schedules of matching contribution formulas listed below, and must be uniformly applicable to all Members.

Appears in 1 contract

Samples: Adoption Agreement (First Savings Financial Group Inc)

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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 3.103.9. 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 2005 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 ------------------- --------

Appears in 1 contract

Samples: Exhibit 10 (Atlantic Coast 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 3.103.9. 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 2005 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: Adoption Agreement (Ottawa Savings Bancorp, Inc.)

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