MATCHING CONTRIBUTION FORMULA. If the Employer elected to make Matching Contributions in item 1 above, then the amount of such Matching Contributions made on behalf of a Qualifying Contributing Participant each Plan Year shall be equal to (select one): Option 1: ¨ Discretionary Match. That percentage of each Qualifying Contributing Participant’s Elective Deferral (and/or Nondeductible Employee Contribution, if applicable) which the Employer, in its sole discretion, determines from year to year. The amount, the allocation formula, and the percentage or dollar amount limit applicable to such match, if any, is at the complete and sole discretion of the Employer and may vary from year to year. Any Matching Contribution will be allocated in a nondiscriminatory manner based upon each Contributing Participant’s Elective Deferrals (and/or Nondeductible Employee Contributions, if applicable). Option 2: ¨ Percentage of Contribution Match. That percentage of each Qualifying Contributing Participant’s Elective Deferral (and/or Nondeductible Employee Contribution, if applicable) determined by the Contributing Participant’s rate of Elective Deferrals (and/or Nondeductible Employee Contribution, if applicable) as specified in the matching schedule below. Less than or equal to _______% ______% Notwithstanding the Matching Contribution formula specified above, no Matching Contributions in excess of $__________ or _______ percent of a Contributing Participant’s Compensation will be made with respect to any Contributing Participant for any Plan Year. (Complete the applicable blank(s), if any) Option 3: ¨ Two-Tiered Percentage of Contribution Match. That percentage of each Qualifying Contributing Participant’s Elective Deferral (and/or Nondeductible Employee Contribution, if applicable) determined by the Contributing Participant’s rate of Elective Deferrals (and/or Nondeductible Employee Contribution, if applicable) as specified in the matching schedule below. Base Rate Less than or equal to % % Tier 2 Greater than , but less than or equal to % % Notwithstanding the Matching Contribution formula specified above, no Matching Contributions in excess of $__________ or _______ percent of a Contributing Participant’s Compensation will be made with respect to any Contributing Participant for any Plan Year. (Complete the applicable blank(s), if any) Option 4: ¨ Multi-Tiered Percentage of Contribution Match. An amount equal to a percentage of each Qualifying Contributing Participant’s Elective Deferral (and/or Nondeductible Employee Contribution, if applicable) determined by the Contributing Participant’s rate of Elective Deferrals (and/or Nondeductible Employee Contribution, if applicable) as specified in the matching schedule below. Base Rate Less than or equal to % % Tier 2 Greater than , but less than or equal to % % Tier 3 Greater than , but less than or equal to % % Tier 4 Greater than % % Notwithstanding the Matching Contribution formula specified above, no Matching Contributions in excess of $__________ or _______ percent of a Contributing Participant’s Compensation will be made with respect to any Contributing Participant for any Plan Year. (Complete the applicable blank(s), if any) Option 5: ¨ Years of Service Match. An amount equal to a percentage of each Qualifying Contributing Participant’s Elective Deferral (and/or Nondeductible Employee Contribution, if applicable) determined by the number of such Contributing Participant’s Years of ¨ Eligibility ¨ Vesting Service with the Employer as specified in the matching schedule below. Base Rate Less than or equal to years % Tier 2 Greater than , but less than or equal to years % Tier 3 Greater than , but less than or equal to years % Tier 4 Greater than years % Notwithstanding the Matching Contribution formula specified above, no Matching Contributions in excess of $__________ or _______ percent of a Contributing Participant’s Compensation will be made with respect to any Contributing Participant for any Plan Year. (Complete the applicable blank(s), if any) Option 6: ¨ Discretionary Match By Location or Business Classification. Any Matching Contribution will be allocated in a nondiscriminatory manner based upon each Qualifying Contributing Participant’s Elective Deferral (and/or Nondeductible Employee Contribution, if applicable) which the Employer, in its sole discretion, determines from year to year for each separate location, or business classification. The amount, the allocation formula, and the percentage or dollar amount limit applicable to such match, if any, is at the complete discretion of the Employer and may vary for each location or business classification on a separate and individual basis. Option 7: ¨ Other formula (Specify an amount equal to a percentage of the Elective Deferrals (and/or Nondeductible Employee Contribution, if applicable) of each Qualifying Contributing Participant entitled thereto.)
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MATCHING CONTRIBUTION FORMULA. If the Employer elected selected to make Matching Contributions in item 1 above, then the amount of such Matching Contributions made on behalf of a Qualifying Contributing Participant each Plan Year shall will be equal to (select one):
Option 1: ¨ o Discretionary Match. That percentage of each Qualifying Contributing Participant’s 's Elective Deferral (and/or Nondeductible Employee Contribution, if applicable) which the Employer, in its sole discretion, determines from year to yeardetermines. The amount, the allocation formula, and the percentage or dollar amount limit applicable to such match, if any, is at the complete and sole discretion of the Employer and may vary from year to yearvary. Any Matching Contribution will be allocated in a nondiscriminatory manner based upon each Contributing Participant’s 's Elective Deferrals (and/or Nondeductible Employee Contributions, if applicable). Option 2: ¨ o Percentage of Contribution Match. That percentage of each Qualifying Contributing Participant’s 's Elective Deferral (and/or Nondeductible Employee Contribution, if applicable) determined by the Contributing Participant’s 's rate of Elective Deferrals (and/or Nondeductible Employee Contribution, if applicable) as specified in the matching schedule below. Less than or equal to _______% ______% Notwithstanding the Matching Contribution formula specified above, no Matching Contributions in excess of $__________ or _______ percent of a Contributing Participant’s Compensation will be made with respect to any Contributing Participant for any Plan Year. (Complete the applicable blank(s), if any) Option 3: ¨ o Two-Tiered Percentage of Contribution Match. Matching Percentage ----% That percentage of each Qualifying Contributing Participant’s 's Elective Deferral (and/or Nondeductible Employee Contribution, if applicable) determined by the Contributing Participant’s 's rate of Elective Deferrals (and/or Nondeductible Employee Contribution, if applicable) as specified in the matching schedule below. Elective Deferral Percentage Matching Percentage Base Rate Less than or equal to _% % Tier 2 Greater than , than--- but less than or equal to % % Notwithstanding the Matching Contribution formula specified above, no Matching Contributions in excess of $__________ or _______ percent of a Contributing Participant’s Compensation will be made with respect to any Contributing Participant for any Plan Year. (Complete the applicable blank(s), if any) Option 4: ¨ Multi-Tiered Percentage of Contribution Match. An amount equal to a percentage of each Qualifying Contributing Participant’s Elective Deferral (and/or Nondeductible Employee Contribution, if applicable) determined by the Contributing Participant’s rate of Elective Deferrals (and/or Nondeductible Employee Contribution, if applicable) as specified in the matching schedule below. Base Rate Less than or equal to % % Tier 2 Greater than , but less than or equal to % % Tier 3 Greater than , but less than or equal to % % Tier 4 Greater than % % Notwithstanding the Matching Contribution formula specified above, no Matching Contributions in excess of $__________ or _______ percent of a Contributing Participant’s Compensation will be made with respect to any Contributing Participant for any Plan Year. (Complete the applicable blank(s), if any) Option 5: ¨ Years of Service Match. An amount equal to a percentage of each Qualifying Contributing Participant’s Elective Deferral (and/or Nondeductible Employee Contribution, if applicable) determined by the number of such Contributing Participant’s Years of ¨ Eligibility ¨ Vesting Service with the Employer as specified in the matching schedule below. Base Rate Less than or equal to years % Tier 2 Greater than , but less than or equal to years % Tier 3 Greater than , but less than or equal to years % Tier 4 Greater than years % Notwithstanding the Matching Contribution formula specified above, no Matching Contributions in excess of $__________ or _______ percent of a Contributing Participant’s Compensation will be made with respect to any Contributing Participant for any Plan Year. (Complete the applicable blank(s), if any) Option 6: ¨ Discretionary Match By Location or Business Classification. Any Matching Contribution will be allocated in a nondiscriminatory manner based upon each Qualifying Contributing Participant’s Elective Deferral (and/or Nondeductible Employee Contribution, if applicable) which the Employer, in its sole discretion, determines from year to year for each separate location, or business classification. The amount, the allocation formula, and the percentage or dollar amount limit applicable to such match, if any, is at the complete discretion of the Employer and may vary for each location or business classification on a separate and individual basis. Option 7: ¨ Other formula (Specify an amount equal to a percentage of the Elective Deferrals (and/or Nondeductible Employee Contribution, if applicable) of each Qualifying Contributing Participant entitled thereto.)%
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