Common use of Employer Matching Contributions Clause in Contracts

Employer Matching Contributions. For each Plan Year, and subject to the terms of Section 5.3 of the Plan, the Employer shall match the Employee’s Elective Deferrals on a dollar-for-dollar basis (not to exceed the lesser of 3% of the Employee’s Compensation or the Applicable Limit), unless a lesser percentage is inserted here that is equal to or greater than 1%, but no more than 3%, of the Employee’s Compensation, or the Applicable Limit: Percentage % Note: With respect to Matching Contributions, if the Employer elects to reduce the 3% Matching Contributions limit in Item 4A above to a lesser percentage, then the Employer cannot reduce the 3% limit for more than two years out of the five-year period ending with the Plan Year the reduction is effective. OR

Employer Matching Contributions. For each Plan Year, and subject to the terms of Section 5.3 of the Plan, the Employer shall match the Employee’s Elective Deferrals on a dollar-for-dollar basis (not to exceed the lesser of 3% of the Employee’s Compensation or the Applicable Limit), unless a lesser percentage is inserted here that is equal to or greater than 1%, but no more than 3%, of the Employee’s Compensation, or the Applicable Limit: % Percentage % Note: With respect to Matching Contributions, if the Employer elects to reduce the 3% Matching Contributions limit in Item 4A above to a lesser percentage, then the Employer cannot reduce the 3% limit for more than two years out of the five-year period ending with the Plan Year the reduction is effective. OR

Employer Matching Contributions. For each Plan Year, Year and subject to the terms of Section 5.3 4.3 of the Plan, the Employer shall match the Employee’s Elective Deferrals Deferral on a dollar-for-dollar basis (not to exceed the lesser of 3% of the Employee’s Compensation or the Applicable Limit), unless a lesser percentage is inserted here that is equal to or greater than 1%, but no not more than 3%, % of the Employee’s Compensation, or the Applicable Limit: Percentage % %. Note: With respect to Matching Contributions, if the Employer elects to reduce the 3% Matching Contributions Contribution limit in Item 4A 4(A) above to a lesser percentage, then the Employer cannot reduce the 3% limit for more than two years out of the five-year period ending with the Plan Year the reduction is effective. OR

Employer Matching Contributions. For each Plan Year, and subject to the terms of Section 5.3 of the Plan, the Employer shall match the Employee’s Elective Deferrals Deferral on a dollar-for-dollar basis (not to exceed the lesser of 3% of the Employee’s Compensation or the Applicable Limit), unless a lesser percentage is inserted here that is equal to or greater than 1%, but no more than 3%, of the Employee’s Compensation, Compensation or the Applicable Limit: Percentage . % Note: With respect to Matching Contributions, if the Employer elects to reduce the 3% Matching Contributions limit in Item 4A above to a lesser percentage, then the Employer cannot reduce the 3% limit for more than two years out of the five-year period ending with the Plan Year the reduction is effective. OR