Common use of Matching formula Clause in Contracts

Matching formula. a. [X] Employer matching contribution as follows (select 1. or 2.): 1. [X] Discretionary. The Employer may make matching contributions equal to a discretionary percentage, to be determined by the Employer, of the Participant's Elective Deferrals. a. [ ] Discretionary based on business units or location. The Employer may determine a separate discretionary matching contribution for Participants working in different business units or locations. 2. [ ] Fixed - uniform rate/amount. The Employer will make matching contributions equal to % (e.g., 50) of the Participant's Elective Deferrals, plus (select a. or leave blank if not applicable): a. [ ] an additional matching contribution of a discretionary percentage determined by the Employer, 1. [ ] but not to exceed % of Compensation (leave blank if not applicable) 3. [ ] the percentage or dollar amount specified below (select one or both) a. [ ] % of a Participant's Compensation. b. [ ] $ . 4. [ ] a discretionary percentage of a Participant's Compensation or a discretionary dollar amount, the percentage or dollar amount to be determined by the Employer on a uniform basis for all Participants. b. [ ] Discretionary - tiered. The Employer may make matching contributions equal to a discretionary percentage of a Participant's Elective Deferrals, to be determined by the Employer, of each tier, to be determined by the Employer. The tiers may be based on the rate of a Participant's Elective Deferrals or Years of Service.

Matching formula. a. [X] Employer matching contribution as follows (select 1. or 2.): 1. [X] Discretionary. The Employer may make matching contributions equal to a discretionary percentage, to be determined by the Employer, of the Participant's Elective Deferrals. a. [ ] Discretionary based on business units or location. The Employer may determine a separate discretionary matching contribution for Participants working in different business units or locations. 2. [ ] Fixed - uniform rate/amount. The Employer will make matching contributions equal to % (e.g., 50) of the Participant's Elective Deferrals, plus (select a. or leave blank if not applicable): a. [ ] an additional matching contribution of a discretionary percentage determined by the Employer, 1. [ ] but not to exceed % of Compensation (leave blank if not applicable) 3. [ ] the percentage or dollar amount specified below (select one or both) a. [ ] % of a Participant's Compensation. b. [ ] $ . 4. [ [X] a discretionary percentage of a Participant's Compensation or a discretionary dollar amount, the percentage or dollar amount to be determined by the Employer on a uniform basis for all Participants. b. [ ] Discretionary - tiered. The Employer may make matching contributions equal to a discretionary percentage of a Participant's Elective Deferrals, to be determined by the Employer, of each tier, to be determined by the Employer. The tiers may be based on the rate of a Participant's Elective Deferrals or Years of Service.

Matching formula. a. [ ] N/A. There will not be any Employer matching contributions (skip to Question 31.). b. [X] The Employer matching contribution as follows … (select 1. or 2.):) 1. [X] Discretionary. The Employer may make matching contributions equal to a discretionary percentage, to be determined by the Employer, of the Participant's Elective Deferrals. a. [ ] Discretionary based on business units or location. The Employer may determine a separate discretionary matching contribution for Participants working in different business units or locations. 2. [ ] Fixed - uniform rate/amount. The Employer will make matching contributions equal to % (e.g., 50) of the Participant's Elective Deferrals, plus (select a. or leave blank if not applicable):plus: a. [ ] N/A. b. [ ] an additional matching contribution of a discretionary percentage percentage, to be determined by the Employer, 1. [ ] , but not to exceed % of Compensation (leave blank if not applicable) 3) of Compensation. [ ] AND, in determining the Employer matching contribution above, only Elective Deferrals up to the percentage or dollar amount specified below will be matched: (select one or both3. and/or 4. OR 5.) a. 3. [ ] % of a Participant's Compensation. b. 4. [ ] $ . 45. [ [X] a discretionary percentage of a Participant's Compensation or a discretionary dollar amount, the percentage or dollar amount to be determined by the Employer on a uniform basis for all Participants. b. c. [ ] Discretionary - tiered. The Employer may make matching contributions equal to a discretionary percentage of a Participant's Elective Deferralspercentage, to be determined by the Employer, of each tier, to be determined by the Employer. The tiers may be based on , of the rate of a Participant's Elective Deferrals or Years Deferrals. d. [ ] The Employer will make matching contributions equal to a uniform percentage of Service.each tier of each Participant's Elective Deferrals, determined as follows: