Matching Thrift Contributions Sample Clauses
The Matching Thrift Contributions clause outlines an employer's commitment to match a portion of an employee's contributions to a retirement savings plan, such as a 401(k) or similar thrift plan. Typically, the employer will match a certain percentage of the employee's contributions up to a specified limit, incentivizing employees to save more for retirement. This clause serves to encourage employee participation in retirement savings programs by providing additional financial benefits, thereby supporting long-term financial security for employees.
Matching Thrift Contributions. Subject to the limitations contained in Sections 3.9 and 3.5.2, for each Plan Year the Employer will contribute in cash and/or Qualifying Employer Securities, Matching Thrift Contributions to the Trust Fund in an amount, if any, calculated by reference to the Participants' Employee Thrift Contributions, as specified in the Adoption Agreement. Matching Thrift Contributions made by the Employer will be allocated to the Matching Thrift Contributions Account of those Participants who have contributed Employee Thrift Contributions to the Plan, as specified in the Adoption Agreement.
Matching Thrift Contributions. K. Normal Retirement Age" Normal Retirement Age shall be (select one): |X| (1) attainment of age 65 (not more than 65) by the Participant. |_| (2) attainment of age (not more than 65) by the participant or the ________ anniversary (not more than the 5th) of the first day of the Plan Year in which the Eligible Employee became a Participant, whichever is later. |_| (3) attainment of age _____ (not more than 65) by the Participant or the _____ anniversary (not more than the 5th) of the first day on which the Eligible Employee performed an Hour of Service, whichever is later.
Matching Thrift Contributions. 8 1.60 Matching Thrift Contribution Account......................................................................9 1.61
Matching Thrift Contributions. Subject to the limitation contained in Sections 3.9 and 3.5.2, for each Plan Year the Employer will contribute in cash and/or Qualifying Employer Securities, Matching Thrift
Matching Thrift Contributions. Subject to the limitations contained in Sections 3.9 and 3.5.2, for each Plan Year the Employer will contribute in cash and/or Qualifying Employer Securities, Matching Thrift Contributions to the Trust Fund in an amount, if any, calculated by reference to the Participants' Employee Thrift Contributions, as specified in the Adoption Agreement.
Matching Thrift Contributions. For each taxable year of the Employee with respect to which the Employee has agreed with the Employer for Thrift Contributions to be made, in accordance with a Salary Reduction Agreement between the Employer and the Employee, to the Employee's Thrift Contribution Account in a total amount not exceeding 6% of the Employee's Compensation for such taxable year of the Employee, the Employer will make Employer Matching Thrift Contributions directly to the Employee's Employer Matching Thrift Contribution Account in a total amount to equal 50% of the total amount of the Employee's Thrift Contributions for such taxable year of the Employee.
Matching Thrift Contributions. NORMAL RETIREMENT AGE' Normal Retirement Age shall be (select one): |X| (1) attainment of age 65 (not more than 65) by the Participant.
Matching Thrift Contributions. 11 1.60 Matching Thrift Contributions Account. . . . . . . . . . . . . 11 1.61