Common use of Matching Contribution Clause in Contracts

Matching Contribution. An Employer contribution made to this or any other Defined Contribution Plan on behalf of a Participant on account of a Voluntary or Required After-tax Contribution made by such Participant, or on account of a Participant’s Elective Deferral, Xxxx Elective Deferral or Catch-Up Contribution made by such Participant under a Plan maintained by the Employer. A Plan established under a Cash or Deferred Adoption Agreement may allocate Matching Contributions throughout the Plan Year, even though the amount of Matching Contributions is determined on the basis of the Plan Year. If the Plan is calculating Matching Contributions on a Plan Year basis, but Matching Contributions that are deposited during the Plan Year have been calculated on a payroll period, an additional “true-up” contribution may be required to accurately calculate the Matching Contributions as elected on the Adoption Agreement.

Appears in 6 contracts

Samples: Defined Contribution Plan (ASB Bancorp Inc), Defined Contribution Plan (Fraternity Community Bancorp Inc), Savings and Investment Plan Document (Sterling Chemicals Inc)

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Matching Contribution. An Employer contribution made to this or any other Defined Contribution Plan on behalf of a Participant on account of a Voluntary or Required After-tax Contribution made by such Participant, or on account of a Participant’s 's Elective Deferral, Xxxx Elective Deferral or Catch-Up Contribution made by such Participant under a Plan maintained by the Employer. A Plan established under a Cash or Deferred Adoption Agreement may allocate Matching Contributions throughout the Plan Year, even though the amount of Matching Contributions is determined on the basis of the Plan Year. If the Plan is calculating Matching Contributions on a Plan Year basis, but Matching Contributions that are deposited during the Plan Year have been calculated on a payroll period, an additional recalculation of the contribution (true-true- up” contribution ”) may be required to accurately calculate the Matching Contributions as elected on the Adoption Agreement.

Appears in 1 contract

Samples: Defined Contribution Plan

Matching Contribution. An Employer contribution made to this or any other Defined Contribution Plan on behalf of a Participant on account of a Voluntary or Required After-tax Contribution made by such Participant, or on account of a Participant’s 's Elective Deferral, Xxxx Elective Deferral or Catch-Up Contribution made by such Participant under a Plan maintained by the Employer. A Plan established under a Cash or Deferred Adoption Agreement may allocate Matching Contributions throughout the Plan Year, even though the amount of Matching Contributions is determined on the basis of the Plan Year. If the Plan is calculating Matching Contributions on a Plan Year basis, but Matching Contributions that are deposited during the Plan Year have been calculated on a payroll period, an additional “true-up” contribution may be required to accurately calculate the Matching Contributions as elected on the Adoption Agreement.

Appears in 1 contract

Samples: Defined Contribution Plan (1st Constitution Bancorp)

Matching Contribution. An Employer contribution made to this or any other Defined Contribution Plan on behalf of a Participant on account of a Voluntary or Required After-tax Contribution made by such Participant, or on account of a Participant’s 's Elective Deferral, Xxxx Rxxx Elective Deferral or Catch-Up Contribution made by such Participant under a Plan maintained by the Employer. A Plan established under a Cash or Deferred Adoption Agreement may allocate Matching Contributions throughout the Plan Year, even though the amount of Matching Contributions is determined on the basis of the Plan Year. If the Plan is calculating Matching Contributions on a Plan Year basis, but Matching Contributions that are deposited during the Plan Year have been calculated on a payroll period, an additional “true-up” contribution may be required to accurately calculate the Matching Contributions as elected on the Adoption Agreement.

Appears in 1 contract

Samples: Defined Contribution Plan (Savannah Bancorp Inc)

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Matching Contribution. An Employer contribution made to this or any other Defined Contribution Plan on behalf of a Participant on account of a Voluntary or Required After-tax Contribution made by such Participant, or on account of a Participant’s 's Elective Deferral, Xxxx Elective Deferral or Catch-Up Contribution made by such Participant under a Plan maintained by the Employer. A Plan established under a Cash or Deferred Adoption Agreement may allocate Matching Contributions throughout the Plan Year, even though the amount of Matching Contributions is determined on the basis of the Plan Year. If the Plan is calculating Matching Contributions on a Plan Year basis, but Matching Contributions that are deposited during the Plan Year have been calculated on a payroll period, an additional recalculation of the contribution (“true-up” contribution ”) may be required to accurately calculate the Matching Contributions as elected on the Adoption Agreement.

Appears in 1 contract

Samples: Defined Contribution Plan

Matching Contribution. An Employer contribution made to this or any other Defined Contribution Plan on behalf of a Participant on account of a Voluntary or Required After-tax Contribution made by such Participant, or on account of a Participant’s 's Elective Deferral, Xxxx Elective Deferral or Catch-Up Contribution made by such Participant under a Plan maintained by the Employer. A Plan established under a Cash or Deferred Adoption Agreement may allocate Matching Contributions throughout the Plan Year, even though the amount of Matching Contributions is determined on the basis of the Plan Year. If the Plan is calculating Matching Contributions on a Plan Year basis, but Matching Contributions that are deposited during the Plan Year have been calculated on a payroll period, an additional “true-up” contribution may be required to accurately calculate the Matching Contributions as elected on the Adoption Agreement.

Appears in 1 contract

Samples: Defined Contribution Plan (Wellesley Bancorp, Inc.)

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