Common use of Proportionate Compensation Match Clause in Contracts

Proportionate Compensation Match. The Employer shall contribute to each eligible Participant who defers at least ________% (may be no more than 100%) 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 (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.

Proportionate Compensation Match. The Employer shall contribute to each eligible Participant who defers at least ________% (may be no more than 100%) 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 (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.

Proportionate Compensation Match. The Employer shall contribute to each eligible Participant who defers at least ________% (may be no more than 100%) 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 (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.

Proportionate Compensation Match. The Employer shall contribute to each eligible Participant who defers at least ________% (may be no more than 100%) 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 [ ] o greater of (may be no more than 500%) [ ] o lesser of (may be no less than 1%) _________% 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.

Proportionate Compensation Match. The Employer shall contribute to each eligible Participant who defers at least ________% (may be no more than 100%) 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 (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.