Common use of ¨   Mandatory Tiered Formula Clause in Contracts

¨   Mandatory Tiered Formula. The Employer must make a Non-Safe Harbor Matching Contribution for each Benefiting Participant equal to the amount determined by the tiered formula below. (check each tier that applies, but note that the rate of Non-Safe Harbor Matching Contributions cannot increase as Elective Deferrals increase) ¨ 1st tier % of Elective Deferrals that do not exceed % of Compensation ¨ 2nd tier % of Elective Deferrals that exceed % but not % of Compensation ¨ 3rd tier % of Elective Deferrals that exceed % but not % of Compensation ¨ 4th tier % of Elective Deferrals that exceed % but not % of Compensation ¨ 5th tier % of Elective Deferrals that exceed % but not % of Compensation ¨ 6th tier % of Elective Deferrals that exceed % but not % of Compensation ¨ 7th tier % of Elective Deferrals that exceed % but not % of Compensation ¨ 8th tier % of Elective Deferrals that exceed % but not % of Compensation ¨ 9th tier % of Elective Deferrals that exceed % but not % of Compensation ¨ 10th tier % of Elective Deferrals that exceed % but not % of Compensation

¨   Mandatory Tiered Formula. The Employer must make a Non-Safe Harbor Matching Contribution for each Benefiting Participant equal to the amount determined by the tiered formula below. (check each tier that applies, but note that the rate of Non-Safe Harbor Matching Contributions cannot increase as Elective Deferrals increase) ¨ x 1st tier % of Elective Deferrals that do not exceed % of Compensation ¨ x 2nd tier % of Elective Deferrals that exceed % but not % of Compensation ¨ 3rd tier % of Elective Deferrals that exceed % but not % of Compensation ¨ 4th tier % of Elective Deferrals that exceed % but not % of Compensation ¨ 5th tier % of Elective Deferrals that exceed % but not % of Compensation ¨ 6th tier % of Elective Deferrals that exceed % but not % of Compensation ¨ 7th tier % of Elective Deferrals that exceed % but not % of Compensation ¨ 8th tier % of Elective Deferrals that exceed % but not % of Compensation ¨ 9th tier % of Elective Deferrals that exceed % but not % of Compensation ¨ 10th tier % of Elective Deferrals that exceed % but not % of Compensation

¨   Mandatory Tiered Formula. The Employer must make a Non-Safe Harbor Matching Contribution for each Benefiting Participant equal to the amount determined by the tiered formula below. (check each tier that applies, but note that the rate of Non-Safe Harbor Matching Contributions cannot increase as Elective Deferrals increase) ¨ 1st tier % of Elective Deferrals that do not exceed 3 % of Compensation ¨ 2nd tier % of Elective Deferrals that exceed % but not % of Compensation ¨ 3rd tier % of Elective Deferrals that exceed % but not % of Compensation ¨ 4th tier % of Elective Deferrals that exceed % but not % of Compensation ¨ 5th tier % of Elective Deferrals that exceed % but not % of Compensation ¨ 6th tier % of Elective Deferrals that exceed % but not % of Compensation ¨ 7th tier % of Elective Deferrals that exceed % but not % of Compensation ¨ 8th tier % of Elective Deferrals that exceed % but not % of Compensation ¨ 9th tier % of Elective Deferrals that exceed % but not % of Compensation ¨ 10th tier % of Elective Deferrals that exceed % but not % of Compensation