Enhanced Matching Contribution Sample Clauses

Enhanced Matching Contribution. See Section 3.05(E)(6).
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Enhanced Matching Contribution. The Employer will make matching contributions to the account of each "eligible Participant" in an amount equal to the sum of: a. [ ] % (may not be less than 100%) of the Participant's Elective Deferrals that do not exceed b. [ ] % of the Participant's Elective Deferrals that exceed % of the Participant's Compensation but do not exceed % (if over 6% or if left blank, the ACP test will still apply) of the Participant's Compensation.
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Enhanced Matching Contribution. The Employer will make Matching Contributions to the account of each "Eligible Participant" in an amount equal to the sum of: a. o % (may not be less than 100%) of the Participant's Elective Deferrals that do not exceed % (if over 6% or if left blank, the ACP test will still apply) of the Participant's Compensation, plus b. o % of the Participant's Elective Deferrals that exceed % of the Participant's Compensation but do not exceed % (if over 6% or if left blank, the ACP test will still apply) of the Participant's Compensation.
Sample 1
Enhanced Matching Contribution. 1.35(F), 3.05(E)(6) Designated Rxxx Account. 7.04(A)(1) Entry Date. 1.26, 2.02(D)(1) Determination Date. 10.06(B)
Sample 1
Enhanced Matching Contribution. The Employer will make Matching Contributions to the account of each "Eligible Participant" in an amount equal to the sum of:
Sample 1
Enhanced Matching Contribution. The Employer will make Matching Contributions to the account of each "Eligible Participant" in an amount equal to the sum of: a. [ ] ________ % (may not be less than 100%) of the Participant's Elective Deferrals that do not exceed _______ % (if over 6% or if left blank, the ACP test will still apply) of the Participant's Compensation, plus b. [ ] ________ % of the Participant's Elective Deferrals that exceed _________ % of the Participant's Compensation but do not exceed ________ % (if over 6% or if left blank the ACP test will still apply) of the Participant's Compensation. NOTE: a. and b. must be completed so that, at any rate of Elective Deferrals, the matching contribution is at least equal to the matching contribution receivable if the Employer were making Basic Matching Contributions, but the rate of match cannot increase as deferrals increase. For example, if a. is completed to provide a match equal to 100% of deferrals up to 4% of Compensation, then b. need not be completed.
Sample 1
Enhanced Matching Contribution. The Employer will make a Matching contribution to the account of each Eligible Participant in an amount equal to the sum of: (i) One Hundred percent (100%) of the Employee’s Elective Deferrals that do not exceed ______________ percent of the Employee’s Compensation for the Plan Year, plus, (ii) percent of the Employee’s Elective Deferrals that exceed _________ percent of the Employee’s Compensation for the Plan Year and that do not exceed _________ percent of the Employee’s Compensation for the Plan Year. Note: In the blank in (i) and the second blank in (ii), insert a number that is 3 or greater, but not greater than 6. The first and the last blanks in (ii) must be completed so that at any rate of Elective Deferrals, the Matching Contribution is at least equal to the Matching Contribution the Employee would receive if the Employer were making the Basic Matching Contribution, but the rate of the Match cannot increase as deferrals increase. For example, if 4 is inserted in the blank in (i), (ii) need not be completed.
Sample 1
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Enhanced Matching Contribution. The Employer will make matching contributions to the account of each "eligible Participant" in an amount equal to the sum of: a. (may not be less than 100%) of the Participant's Elective Deferrals that do not exceed b. of the Participant's Elective Deferrals that exceed % of the Participant's Compensation but do not exceed % (if over 6% or if left blank, the ACP test will still apply) of the Participant's Compensation. Contributions (as defined in 5. d.1. above), but the rate of match cannot increase as deferrals increase. For example, if a. is completed to provide a match equal to 100% of deferrals up to 4% of Compensation, then b. need not be completed.
Sample 1
Enhanced Matching Contribution. The Employer will make matching contributions to the account of each "eligible Participant" in an amount equal to the sum of: a. [ ] % (may not be less than 100%) of the Participant's Elective Deferrals that do not exceed % (may not be less than 3%; if over 6% or if left blank, the ACP test will still apply) of the Participant's Compensation, plus b. [ ] % of the Participant's Elective Deferrals that exceed % of the Participant's Compensation but do not exceed % (if over 6% or if left blank, the ACP test will still apply) of the Participant's Compensation. NOTE: a. and b. must be completed so that, at any rate of Elective Deferrals, the matching contribution is at least equal to what the matching contribution would be if the Employer were making Basic Matching Contributions (as defined in 29.d.1. above), but the rate of match cannot increase as deferrals increase. For example, if a. is completed to provide a match equal to 100% of deferrals up to 4% of Compensation, then b. need not be completed. AND, the safe harbor matching contribution will be determined on the following basis (and Compensation for such purpose will be based on the applicable period):
Sample 1

Related to Enhanced Matching Contribution

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law. (b) It is understood that the administrative intent of this Article is that the Employer contribution is made for individuals who are participants in the medical insurance coverages. Participation will mean that eligible less-than-full-time employees who drop out of coverage will be considered to participate. Additionally, employees who elect to opt out of coverage for a cash incentive will be considered to participate.

  • Employer Contributions An employer must make such superannuation contributions to a superannuation fund for the benefit of an employee as will avoid the employer being required to pay the superannuation guarantee charge under superannuation legislation with respect to that employee.

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