Common use of QMAC Contribution Formula Clause in Contracts

QMAC Contribution Formula. The Employer may contribute to each eligible Participant’s Qualified Matching Contribution account an amount equal to (select one or more of the following): o a. $ or % of the Participant’s Elective Deferrals (including Xxxx Elective Deferrals, if applicable). o b. $ or % of the Participant’s Elective Deferrals (including Xxxx Elective Deferrals, if applicable) not to exceed % of Compensation.

Appears in 3 contracts

Samples: Savings and Investment Plan Document (Sterling Chemicals Inc), Adoption Agreement (Sterling Chemicals Inc), Defined Contribution Plan (Athens Bancshares Corp)

AutoNDA by SimpleDocs

QMAC Contribution Formula. The Employer may contribute to each eligible Participant’s Qualified Matching Contribution account an amount equal to (select one or more of the following): o a. $ or % of the Participant’s Elective Deferrals (including Xxxx Elective Deferrals, if applicable). o . b. $ or % of the Participant’s Elective Deferrals (including Xxxx Elective Deferrals, if applicable) not to exceed % of Compensation's Voluntary After-tax Contributions.

Appears in 2 contracts

Samples: Adoption Agreement, Adoption Agreement

QMAC Contribution Formula. The Employer may contribute to each eligible Participant’s Qualified Matching Contribution account an amount equal to (select one or more of the following): o ): [ ] a. $ or % of the Participant’s Elective Deferrals (including Xxxx Elective Deferrals, if applicable). o [ ] b. $ or % of the Participant’s Elective Deferrals (including Xxxx Elective Deferrals, if applicable) not to exceed % of Compensation. [ ] c. $ or % of the Participant’s Voluntary After-tax Contributions. [ ] d. $ or % of the Participant’s Required After-tax Contributions.

Appears in 1 contract

Samples: Defined Contribution Plan (Old Dominion Freight Line Inc/Va)

AutoNDA by SimpleDocs

QMAC Contribution Formula. The Employer may contribute to each eligible Participant’s Qualified Matching Contribution account an amount equal to (select one or more of the following): o a. $ or % of the Participant’s Elective Deferrals (including Xxxx Elective Deferrals, if applicable). o b. $ or % of the Participant’s Elective Deferrals (including Xxxx Elective Deferrals, if applicable) not to exceed % of Compensation.

Appears in 1 contract

Samples: Cash or Deferred Profit Sharing Plan Adoption Agreement (Willis Group Holdings LTD)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!