Common use of Mandatory Non-Tiered Formula Clause in Contracts

Mandatory Non-Tiered Formula. The Employer must make a Non-Safe Harbor Matching Contribution equal to % (max. 100%) of each Benefiting Participant’s Elective Deferrals ¨ not to exceed the following for an Allocation Period: ¨ Elective Deferrals in excess of % of each Benefiting Participant’s Compensation ¨ $ for each Benefiting Participant ¨ The lesser of Elective Deferrals in excess of % of each Benefiting Participant’s Compensation or $

Appears in 3 contracts

Samples: 401(k) Non Standardized Prototype Adoption Agreement (Enpro Industries, Inc), 401(k) Non Standardized Prototype Adoption Agreement (Enpro Industries, Inc), 401(k) Adoption Agreement (Pacific Capital Bancorp /Ca/)

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Mandatory Non-Tiered Formula. The Employer must make a Non-Safe Harbor Matching Contribution equal to 50 % (max. 100%) of each Benefiting Participant’s Elective Deferrals ¨ x not to exceed the following for an Allocation Period: ¨ x Elective Deferrals in excess of 6 % of each Benefiting Participant’s Compensation ¨ $ for each Benefiting Participant ¨ The lesser of Elective Deferrals in excess of % of each Benefiting Participant’s Compensation or $

Appears in 2 contracts

Samples: 401(k) Non Standardized Prototype Adoption Agreement (Enpro Industries, Inc), 401(k) Non Standardized Prototype Adoption Agreement (Enpro Industries, Inc)

Mandatory Non-Tiered Formula. The Employer must make a Non-Safe Harbor Matching Contribution equal to 100 % (max. 100%) of each Benefiting Participant’s Elective Deferrals ¨ x not to exceed the following for an Allocation Period: ¨ x Elective Deferrals in excess of 6 % of each Benefiting Participant’s Compensation ¨ $ for each Benefiting Participant ¨ The lesser of Elective Deferrals in excess of % of each Benefiting Participant’s Compensation or $

Appears in 2 contracts

Samples: 401(k) Non Standardized Prototype Adoption Agreement (Enpro Industries, Inc), 401(k) Non Standardized Prototype Adoption Agreement (Enpro Industries, Inc)

Mandatory Non-Tiered Formula. The Employer must make a Non-Safe Harbor Matching Contribution equal to 25 % (max. 100%) of each Benefiting Participant’s Elective Deferrals ¨ not to exceed the following for an Allocation Period: ¨ x Elective Deferrals in excess of 4 % of each Benefiting Participant’s Compensation ¨ $ for each Benefiting Participant ¨ The lesser of Elective Deferrals in excess of % of each Benefiting Participant’s Compensation or $

Appears in 1 contract

Samples: 401(k) Non Standardized Prototype Adoption Agreement (Enpro Industries, Inc)

Mandatory Non-Tiered Formula. The Employer must make a Non-Safe Harbor Matching Contribution equal to 50 % (max. 100%) of each Benefiting Participant’s Elective Deferrals ¨ x not to exceed the following for an Allocation Period: ¨ x Elective Deferrals in excess of 4 % of each Benefiting Participant’s Compensation ¨ $ for each Benefiting Participant ¨ The lesser of Elective Deferrals in excess of % of each Benefiting Participant’s Compensation or $

Appears in 1 contract

Samples: 401(k) Non Standardized Prototype Adoption Agreement (Enpro Industries, Inc)

Mandatory Non-Tiered Formula. The Employer must make a Non-Safe Harbor Matching Contribution equal to 50% (max. 100%) of each Benefiting Participant’s Elective Deferrals ¨ x not to exceed the following for an Allocation Period: ¨ x Elective Deferrals in excess of 6% of each Benefiting Participant’s Compensation ¨ o $ for each Benefiting Participant ¨ o The lesser of Elective Deferrals in excess of % of each Benefiting Participant’s Compensation or $

Appears in 1 contract

Samples: 401(k) Non Standardized Prototype Adoption Agreement (Michaels Stores Inc)

Mandatory Non-Tiered Formula. The Employer must make a Non-Safe Harbor Matching Contribution equal to 25 % (max. 100%) of each Benefiting Participant’s Elective Deferrals ¨ x not to exceed the following for an Allocation Period: ¨ x Elective Deferrals in excess of 4 % of each Benefiting Participant’s Compensation ¨ $ for each Benefiting Participant ¨ The lesser of Elective Deferrals in excess of % of each Benefiting Participant’s Compensation or $

Appears in 1 contract

Samples: 401(k) Non Standardized Prototype Adoption Agreement (Enpro Industries, Inc)

Mandatory Non-Tiered Formula. The Employer must make a Non-Safe Harbor Matching Contribution equal to 100 % (max. 100%) of each Benefiting Participant’s Elective Deferrals ¨ x not to exceed the following for an Allocation Period: ¨ x Elective Deferrals in excess of % __4__% of each Benefiting Participant’s Compensation ¨ $ for each Benefiting Participant ¨ The lesser of Elective Deferrals in excess of % of each Benefiting Participant’s Compensation or $

Appears in 1 contract

Samples: 401(k) Non Standardized Prototype Adoption Agreement (Enpro Industries, Inc)

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Mandatory Non-Tiered Formula. The Employer must make a Non-Safe Harbor Matching Contribution equal to 100 % (max. 100%) of each Benefiting Participant’s Elective Deferrals ¨ x not to exceed the following for an Allocation Period: ¨ x Elective Deferrals in excess of 4 % of each Benefiting Participant’s Compensation ¨ $ for each Benefiting Participant ¨ The lesser of Elective Deferrals in excess of % of each Benefiting Participant’s Compensation or $

Appears in 1 contract

Samples: 401(k) Non Standardized Prototype Adoption Agreement (Enpro Industries, Inc)

Mandatory Non-Tiered Formula. The Employer must make a Non-Safe Harbor Matching Contribution equal to % (max. 100%) of each Benefiting Participant’s Elective Deferrals ¨ x not to exceed the following for an Allocation Period: ¨ Elective Deferrals in excess of % of each Benefiting Participant’s Compensation ¨ $ for each Benefiting Participant ¨ The lesser of Elective Deferrals in excess of % of each Benefiting Participant’s Compensation or $

Appears in 1 contract

Samples: 401(k) Non Standardized Prototype Adoption Agreement (Enpro Industries, Inc)

Mandatory Non-Tiered Formula. The Employer must make a Non-Safe Harbor Matching Contribution equal to 100 % (max. 100%) of each Benefiting Participant’s Elective Deferrals ¨ x not to exceed the following for an Allocation Period: ¨ x Elective Deferrals in excess of 5 % of each Benefiting Participant’s Compensation ¨ $ for each Benefiting Participant ¨ The lesser of Elective Deferrals in excess of % of each Benefiting Participant’s Compensation or $

Appears in 1 contract

Samples: 401(k) Non Standardized Prototype Adoption Agreement (Enpro Industries, Inc)

Mandatory Non-Tiered Formula. The Employer must make a Non-Safe Harbor Matching Contribution equal to 75 % (max. 100%) of each Benefiting Participant’s Elective Deferrals ¨ x not to exceed the following for an Allocation Period: ¨ x Elective Deferrals in excess of 6 % of each Benefiting Participant’s Compensation ¨ $ for each Benefiting Participant ¨ The lesser of Elective Deferrals in excess of % of each Benefiting Participant’s Compensation or $

Appears in 1 contract

Samples: 401(k) Non Standardized Prototype Adoption Agreement (Enpro Industries, Inc)

Mandatory Non-Tiered Formula. The Employer must make a Non-Safe Harbor Matching Contribution equal to 50% (max. 100%) of each Benefiting Participant’s Elective Deferrals ¨ x not to exceed the following for an Allocation Period: ¨ x Elective Deferrals in excess of 5% of each Benefiting Participant’s Compensation Compensation* ¨ $ for each Benefiting Participant ¨ The lesser of Elective Deferrals in excess of % of each Benefiting Participant’s Compensation or $$ * Additional requirements see Match Addendum

Appears in 1 contract

Samples: 401(k) Non Standardized Prototype Adoption Agreement (Western Digital Corp)

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