Fixed Matching Contribution Sample Clauses

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.
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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
Sample 1
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) $ .
Sample 1
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.
Sample 1
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.
Sample 1

Related to Fixed 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.

  • Elective Deferrals Any Employer contributions made to the Plan at the election of the Participant, in lieu of cash compensation, and shall include contributions made pursuant to a salary reduction agreement or other deferral mechanism. With respect to any taxable year, a Participant's Elective Deferral is the sum of all employer contributions made on behalf of such Participant pursuant to an election to defer under any qualified cash or deferred arrangement as described in section 401(k) of the Code, any salary reduction simplified employee pension described in section 408(k)(6), any SIMPLE IRA Plan described in §408(p), , any plan as described under section 501(c)(18), and any employer contributions made on the behalf of a Participant for the purchase of an annuity contract under section 403(b) pursuant to a salary reduction agreement. Elective Deferrals shall not include any deferrals properly distributed as excess annual addition. For years beginning after 2005, the term “elective Deferrals” includes Pre-tax Elective Deferrals and Xxxx Elective Deferrals. Pre-tax Elective Deferrals are a participant’s Elective Deferrals that are not includible in the participant’s gross income at the time deferred. The Employer may, if notification is made within a reasonable time and in a manner described in IRS Revenue Ruling 2000-8, 2000-7 IRB617, allow for negative elections. If such administrative provision applies and the Employee does not affirmatively elect to not participate and the Employee does not affirmatively elect a different amount (including no amount), a default amount shall be deducted from the Employee’s Compensation. Such default amount shall be part of the initial notification received by the Employer. If negative elections apply under the Plan, the Employer shall indicate whether the default shall be a pre-tax Elective Deferral or a Xxxx Elective Deferral in the Adoption Agreement.

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