Common use of Percentage of Compensation Match Clause in Contracts

Percentage of Compensation Match. The Employer shall contribute to each eligible Participant’s account ________% (no less than 1%) of Compensation if the eligible Participant contributes at least ________% (no more than 100%) of Compensation. The Employer’s contribution will be made up to the [ ] greater of (may be no more than 500%) [ ] lesser of (may be no less than 1%) _________% of Compensation or $__________ (no more than the Annual Addition limit for the Plan Year). This formula must meet Code Section 401(a)(4) and the ACP Test.

Percentage of Compensation Match. The Employer shall contribute to each eligible Participant’s account ________% (no less than 1%) of Compensation if the eligible Participant contributes at least ________% (no more than 100%) of Compensation. The Employer’s contribution will be made up to the [ ] o greater of (may be no more than 500%) [ ] o lesser of (may be no less than 1%) _________% of Compensation or $__________ $ (no more than the Annual Addition limit for the Plan Year). This formula must meet Code Section 401(a)(4) and the ACP Test.

Percentage of Compensation Match. The Employer shall contribute to each eligible Participant’s account ________% (no less than 1%) of Compensation if the eligible Participant contributes at least ________% (no more than 100%) of Compensation. The Employer’s contribution will be made up to the [ ] greater of (may be no more than 500%) [ ] lesser of (may be no less than 1%) _________% of Compensation or $__________ (no more than the Annual Addition limit for the Plan Year). This formula must meet Code Section 401(a)(4) and the ACP Test.