Common use of Matching Provisions Clause in Contracts

Matching Provisions. In addition to the 3% contribution described above, the Hospital will provide an additional matching contribution of $0.25 for each dollar contributed by the employee up to an additional 1-1/2% of their salary for a total of 4.5% contribution by the Hospital. For example, if a nursing employee decides to contribute an extra $100 per month of their salary to the retirement program, the Hospital will provide an extra $25 (assuming this is not more than 1-1/2% of the employee’s total salary) to equal a total contribution of 4.5% by the Hospital.

Matching Provisions. In addition to the 3% contribution described above, the Hospital will provide an additional matching contribution of $0.25 for each dollar contributed by the employee up to an additional 1-1/2% of their salary for a total of 4.5% contribution by the Hospital. For example, if a nursing employee decides to contribute an extra $100 per month of their salary to the retirement program, the Hospital will provide an extra $25 (assuming this is not more than 1-1- 1/2% of the employee’s total salary) to equal a total contribution of 4.5% by the Hospital.

Matching Provisions. In addition to the 3% contribution described above, 10 the Hospital will provide an additional matching contribution of $0.25 for each dollar 11 contributed by the employee up to an additional 1-1/2% of their salary for a total of 4.5% 12 contribution by the Hospital. For example, if a nursing employee decides to contribute 13 an extra $100 per month of their salary to the retirement program, the Hospital will 14 provide an extra $25 (assuming this is not more than 1-1/2% of the employee’s total 15 salary) to equal a total contribution of 4.5% by the Hospital.

Matching Provisions. In addition to the 3% contribution described 33 above, the Hospital will provide an additional matching contribution 1 of $0.25 for each dollar contributed by the employee up to an 2 additional 1-1/2% of their salary for a total of 4.5% contribution by 3 the Hospital. For example, if a nursing employee decides to 4 contribute an extra $100 per month of their salary to the retirement 5 program, the Hospital will provide an extra $25 (assuming this is 6 not more than 1-1/2% of the employee’s total salary) to equal a 7 total contribution of 4.5% by the Hospital.