Fixed Matching Contribution Sample Clauses
A Fixed Matching Contribution clause establishes the employer's obligation to contribute a predetermined amount or percentage to an employee's retirement or savings plan, matching the employee's own contributions up to a specified limit. Typically, this means if an employee contributes a portion of their salary to a 401(k) or similar plan, the employer will match those contributions dollar-for-dollar or at a set rate, but only up to a certain percentage of the employee's pay. This clause ensures employees receive a consistent and predictable benefit, incentivizing participation in the plan while providing clarity and certainty regarding the employer's financial commitment.
Fixed Matching Contribution. Fixed Matching Contribution means a Matching Contribution which the Employer, subject to satisfaction of allocation conditions, if any, must make pursuant to a formula in the Adoption Agreement. Under the formula, the Employer contributes a specified percentage or dollar amount on behalf of a Participant based on that Participant's Elective Deferrals or Employee Contributions eligible for a match.
Fixed Matching Contribution. 50% of each Eligible Participant's Section 401(k) Deferrals. The Employer Matching Contribution does not apply to Section 401(k) Deferrals that exceed: ý(1) 6% of Included Compensation. o(2) $ .
Fixed Matching Contribution. 1.35(A) Fixed Nonelective Contribution. 1.38(A) Forfeiture Break in Service. 5.06(B) Formerly Affiliated Plan. 4.05(I) Frozen Plan. 1.42(B) 401(k) Plan. 1.29 401(m) Plan. 1.30 Gap Period. 4.11(F) Gateway Contribution. 4.07(A)(1) HCE. 1.22(E) HCE Group. 4.10(B)(4))(b), 4.10(C)(5)(b), 4.11(G) HEART Act. 1.31
Fixed Matching Contribution. Effective July 1, 2006, The Company’s Matching Contribution is equal to the greater of 50% of the first 6% of eligible earnings or 100% of deferrals up to $500.00. Effective January 1, 2007, the Company’s Matching Contribution is equal to 50% of the first 6% of eligible earnings.
Fixed Matching Contribution. The Company’s matching contribution is equal to the greater of 50% of the first 4% of eligible earnings or 100% of deferral up to $1,000.00.