Common use of Plan Deferrals Clause in Contracts

Plan Deferrals. The Employer shall contribute on behalf of each Participant an amount determined as follows (subject to the limitations of Article V of the Plan): % of the elective deferrals made by the Participant to the Employer's 457(b) plan for the Plan Year (not including Participant contributions exceeding % of Earnings or $ ); PLUS % of the elective deferrals made by the Participant to the Employer's 457(b) plan for the Plan Year in excess of those included in the above paragraph (but not including elective deferrals made by a Participant to the Employer's 457(b) plan exceeding in the aggregate % of Earnings or $ ). Employer Matching Contributions on behalf of a Participant for a Plan Year shall not exceed $ or % of Earnings, whichever is [ ] more or [ ] less.

Appears in 3 contracts

Samples: Governmental Money Purchase Plan Adoption Agreement, Governmental Money Purchase Plan Adoption Agreement, Governmental Money Purchase Plan Adoption Agreement

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Plan Deferrals. The Employer shall contribute on behalf of each Participant an amount determined as follows (subject to the limitations of Article V of the Plan): % of the elective deferrals made by the Participant to the Employer's ’s 457(b) plan for the Plan Year (not including Participant contributions exceeding % of Earnings or $ ); PLUS % of the elective deferrals made by the Participant to the Employer's ’s 457(b) plan for the Plan Year in excess of those included in the above paragraph (but not including elective deferrals made by a Participant to the Employer's ’s 457(b) plan exceeding in the aggregate % of Earnings or $ ). Employer Matching Contributions on behalf of a Participant for a Plan Year shall not exceed $ or % of Earnings, whichever is [ ] more or [ ] less.

Appears in 1 contract

Samples: Money Purchase Plan Adoption Agreement

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Plan Deferrals. The Employer shall contribute on behalf of each Participant an amount determined as follows (subject to the limitations of Article V of the Plan): % of the elective deferrals made by the Participant to the Employer's ’s 457(b) plan for the Plan Year (not including Participant contributions exceeding % of Earnings or $ ); PLUS % of the elective deferrals made by the Participant to the Employer's ’s 457(b) plan for the Plan Year in excess of those included in the above paragraph (but not including elective deferrals made by a Participant to the Employer's ’s 457(b) plan exceeding in the aggregate % of Earnings or $ ). Employer Matching Contributions on behalf of a Participant for a Plan Year shall not exceed $ or % of Earnings, whichever is [ ] more or [ ] less.

Appears in 1 contract

Samples: Governmental Money Purchase Plan Adoption Agreement

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