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.
Appears in 1 contract
Samples: Prototype Defined Contribution Plan (Old Dominion Freight Line Inc/Va)
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 $ 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.
Appears in 1 contract
Samples: Nonstandardized Adoption Agreement (BBCN Bancorp Inc)
Percentage of Compensation Match. The Employer shall contribute to each eligible Participant's ’s account % (no less than 1%) of Compensation if the eligible Participant contributes at least % (no more than 100%) of Compensation. The Employer's ’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.
Appears in 1 contract
Samples: ASB Bancorp Inc
Percentage of Compensation Match. The Employer shall contribute to each eligible Participant's ’s account ________% (no less than 1%) of Compensation if the eligible Participant contributes at least ________% (no more than 100%) of Compensation. The Employer's ’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.
Appears in 1 contract
Samples: Nonstandardized Adoption Agreement (United Community Bancorp)
