MATCHING CONTRIBUTION FORMULA Sample Clauses

MATCHING CONTRIBUTION FORMULA. If the Employer will make Matching Contributions, then the amount of such Matching Contributions made on behalf of a Qualifying Contributing Participant each Plan Year shall be (Choose one):
Sample 1Sample 2Sample 3See All (9)
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MATCHING CONTRIBUTION FORMULA. If the Employer will make Qualified Matching Contributions, then the amount of such Qualified Matching Contributions made on behalf of a Qualifying Contributing Participant each Plan Year shall be (Choose one): OPTION 1: ( ) An amount equal to ___% of such Contributing Participant's Elective Deferral (and/or Nondeductible Employee Contribution, if applicable).
Sample 1See All (7)
MATCHING CONTRIBUTION FORMULA. [Note: If the Employer elected Option (b), complete Options (h), (i) and (j).]
Sample 1Sample 2Sample 3See All (5)
MATCHING CONTRIBUTION FORMULA. The Adopting Employer's Matching Contribution will be allocated to eligible Participants who have met the requirements of Section B and D.1 through D.3 as follows:
Sample 1Sample 2Sample 3
MATCHING CONTRIBUTION FORMULA. If Yes, the following matching contribution formulas apply (Select (i) or (ii)):
Sample 1
MATCHING CONTRIBUTION FORMULA. The matching contribution will be equal to 75% (insert desired percentage for your matching contribution) of the participant's matchable savings contributions during such plan year. Limit on Employer Matching Contributions. |X| 401(k) savings contributions above $ or 6% of the participant's plan compensation will not be matched. (if a limit is desired, insert the dollar amount or percentage.) |_| After-tax savings contributions above $ or % of the participant's Plan Compensation will not be matched. (If a limit is desired, insert the dollar amount or percentage.) |_| Any combination of a participant's 401(k) savings contributions and after-tax savings contributions above $ or % of such participant's Plan Compensation will not be matched. (If a limit is desired, insert the dollar amount or percentage.) Note: Matching contributions on behalf of certain participants may be limited under the Metropolitan Life Insurance Company plan document.
Sample 1
MATCHING CONTRIBUTION FORMULA. The amount of the Corporations Nonelective Matching Contribution credited to the Nonelective Matching Contribution Account for each Plan Year, if any, shall be at the sole discretion of the Committee. The Committee shall notify all Eligible Participant’s of the Nonelective Matching Contribution Formula to be applicable for each respective Plan Year no later than thirty (30) days prior to the beginning of each such Plan Year.
Sample 1
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MATCHING CONTRIBUTION FORMULA. For the period designated in AA §6A-5 below, the Employer will make the following Matching Contribution on behalf of Participants who satisfy the allocation conditions under AA §6A-6 below. [See AA §6A-3 for the definition of Eligible Contributions for purposes of the Matching Contributions under the Plan.]
Sample 1

Related to MATCHING CONTRIBUTION FORMULA

  • 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.

  • Qualified Matching Contributions If selected below, the Employer may make Qualified Matching Contributions for each Plan Year (select all those applicable):

  • DEFERRAL CONTRIBUTIONS The Advisory Committee will allocate to each Participant's Deferral Contributions Account the amount of Deferral Contributions the Employer makes to the Trust on behalf of the Participant. The Advisory Committee will make this allocation as of the last day of each Plan Year unless, in Adoption Agreement Section 3.04, the Employer elects more frequent allocation dates for salary reduction contributions.

  • Employer Contributions 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement.

  • Elective Deferrals An Employee will be eligible to become a Contributing Participant in the Plan (and thus be eligible to make Elective Deferrals) and receive Matching Contributions (including Qualified Matching Contributions, if applicable) after completing 1 (enter 0, 1 or any fraction less than 1) Years of Eligibility Service.

  • Plan Year The year for the purposes of the plan shall be from September 1 of one year, to August 31, of the following year, or such other years as the parties may agree to.

  • Employer Profit Sharing Contributions An Employee will be eligible to become a Participant in the Plan for purposes of receiving an allocation of any Employer Profit Sharing Contribution made pursuant to Section 11 of the Adoption Agreement after completing 1 (enter 0, 1, 2 or any fraction less than 2)

  • Qualified Nonelective Contributions If the Employer, at the time of contribution, designates a contribution to be a qualified nonelective contribution for the Plan Year, the Advisory Committee will allocate that qualified nonelective contribution to the Qualified Nonelective Contributions Account of each Participant eligible for an allocation of that designated contribution, as specified in Section 3.04 of the Employer's Adoption Agreement. The Advisory Committee will make the allocation to each eligible Participant's Account in the same ratio that the Participant's Compensation for the Plan Year bears to the total Compensation of all eligible Participants for the Plan Year. The Advisory Committee will determine a Participant's Compensation in accordance with the general definition of Compensation under Section 1.12 of the Plan, as modified by the Employer in Sections 1.12 and 3.06 of its Adoption Agreement.

  • Participant Contributions If Participant contributions are permitted, complete (a), (b), and (c). Otherwise complete (d).

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

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