Common use of Proportionate Compensation Match Clause in Contracts

Proportionate Compensation Match. The Employer shall contribute to each eligible Participant who defers at least % of Compensation, an amount determined by multiplying such Employer Matching Contribution by a fraction, the numerator of which is the Participant’s Compensation and the denominator of which is the Compensation of all Participants eligible to receive such an allocation. The Employer’s contribution will be made up to the [ ] greater of [ ] lesser of % of Compensation, or $ .

Appears in 3 contracts

Samples: Prototype Defined Contribution Plan (Georgetown Bancorp, Inc.), Nonstandardized Adoption Agreement (Legacy Bancorp, Inc.), Prototype Defined Contribution Plan (FNB United Corp.)

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Proportionate Compensation Match. The Employer shall contribute to each eligible Participant who defers at least % of Compensation, an amount determined by multiplying such Employer Matching Contribution by a fraction, the numerator of which is the Participant’s 's Compensation and the denominator of which is the Compensation of all Participants eligible to receive such an allocation. The Employer’s contribution will be made up to the [ ] greater of [ ] lesser of % of Compensation, Compensation or $ .

Appears in 2 contracts

Samples: Plan Adoption Agreement, Plan Adoption Agreement

Proportionate Compensation Match. The Employer shall contribute to each eligible Participant who defers at least ________% of Compensation, an amount determined by multiplying such Employer Matching Contribution by a fraction, the numerator of which is the Participant’s 's Compensation and the denominator of which is the Compensation of all Participants eligible to receive such an allocation. The Employer’s 's contribution will be made up to up to the [ ] p greater of [ ] p lesser of _________% of Compensation, or $ $__________.

Appears in 1 contract

Samples: Standardized Adoption Agreement (Socket Communications Inc)

Proportionate Compensation Match. The Employer shall contribute to each eligible Participant who defers at least % of Compensation, an amount determined by multiplying such Employer Matching Contribution by a fraction, the numerator of which is the Participant’s Compensation and the denominator of which is the Compensation of all Participants eligible to receive such an allocation. The Employer’s contribution will be made up to the [ ] ¨ greater of [ ] ¨ lesser of % of Compensation, or $ .

Appears in 1 contract

Samples: Prototype Defined Contribution Plan (United Community Bancorp)

Proportionate Compensation Match. The Employer shall contribute to each eligible Participant who defers at least % of Compensation, an amount determined by multiplying such Employer Matching Contribution by a fraction, the numerator of which is the Participant’s Compensation and the denominator of which is the Compensation of all Participants eligible to receive such an allocation. The Employer’s contribution will be made up to the [ ] o greater of [ ] o lesser of % of Compensation, Compensation or $ .

Appears in 1 contract

Samples: Willis Group Holdings LTD

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Proportionate Compensation Match. The Employer shall contribute to each eligible Participant who defers at least ________% of Compensation, an amount determined by multiplying such Employer Matching Contribution by a fraction, the numerator of which is the Participant’s 's Compensation and the denominator of which is the Compensation of all Participants eligible to receive such an allocation. The Employer’s contribution will be made up to the [ ] greater of [ ] lesser of _________% of Compensation, or $ $__________.

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (Atlas America Inc)

Proportionate Compensation Match. The Employer shall contribute to each eligible Participant who defers at least ________% of Compensation, an amount determined by multiplying such Employer Matching Contribution by a fraction, the numerator of which is the Participant’s Compensation and the denominator of which is the Compensation of all Participants eligible to receive such an allocation. The Employer’s contribution will be made up to the [ ] ¨ greater of [ ] ¨ lesser of _________% of Compensation, or $ .

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (Chicopee Bancorp, Inc.)

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