Qualified Matching Contribution Formula Clause Samples

Qualified Matching Contribution Formula a. For each Plan Year, can the Employer contribute an amount to be determined as a Qualified Matching Contribution (select one)? Option 1: [X] Yes. Option 2: o No.

Qualified Matching Contribution Formula. If the Employer will make Qualified Matching Contributions, then the amount of such Qualified Matching Contributions made on behalf of a Qualifying Contributing Participant each Plan Year shall be (Choose one): OPTION 1: [ ] An amount equal to ____% of such Contributing Participant's Elective Deferral (and/or Nondeductible Employee Contribution, if applicable). OPTION 2: [ ] An amount equal to the sum of ____% of the portion of such Contributing Participant's Elective Deferral (and/or Nondeductible Employee Contribution, if applicable) which does not exceed ____% of the Contributing Participant's Compensation plus ____% of the portion of such Contributing Participant's Elective Deferral (and/or Nondeductible Employee Contribution, if applicable) which exceeds ____% of the Contributing Participant's Compensation. OPTION 3: [ ] Such amount, if any, as determined by the Employer in its sole discretion, equal to that percentage of the Elective Deferrals (and/or Nondeductible Employee Contribution, if applicable) of each Contributing Participant entitled thereto which would be sufficient to cause the Plan to satisfy the Actual Contribution Percentage tests (described in Section 11.402 of the Plan) for the Plan Year. OPTION 4: [ ] Other Formula. (Specify)____________________ NOTE: If no option is selected, Option 3 will be deemed to be selected.

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