Qualified Matching Contributions Sample Clauses
Qualified Matching Contributions. If selected below, the Employer may make Qualified Matching Contributions for each Plan Year (select all those applicable):
(1) In its discretion, the Employer may make Qualified Matching Contributions on behalf of (select one): [ ] (a) all Participants who make Elective Deferrals in that Plan Year. [X] (b) only those Participants who are Nonhighly Compensated Employees and who make Elective Deferrals for that Plan Year.
(2) Qualified Matching Contributions will be contributed and allocated to each Participant in an amount equal to (select one): [ ] (a) % of the Participant's Compensation contributed as ------ Elective Deferrals. If inserted, Qualified Matching Contributions shall not exceed % of the Participant's ----- Compensation. [X] (b) Such an amount, determined by the Employer, which is needed to meet the ACP Test.
(3) In its discretion, the Employer may elect to designate all or any part of Matching 401(k) Contributions as Qualified Matching Contributions that are taken into account as Elective Deferrals -- included in the ADP Test and excluded from the ACP Test -- on behalf of (select one): [ ] (a) all Participants who make Elective Deferrals for that Plan Year. [X] (b) Only Participants who are Nonhighly Compensated Employees who make Elective Deferrals for that Plan Year.
Qualified Matching Contributions. Not permitted.
Qualified Matching Contributions. For purposes of computing Actual Deferral Percentages, an Employee who would be a Participant but for the failure to make Elective Deferrals shall be treated as a Participant on whose behalf no Elective Deferrals are made.
Qualified Matching Contributions. Qualified Non-Elective Contributions.
Qualified Matching Contributions. If elected by the Employer in the Adoption Agreement, the Employer will make Qualified Matching Contributions to the CODA. The amount of such Qualified Matching Contributions shall be calculated by reference to each eligible Participant's Elective Deferrals or the Elective Deferral portion of Combined Contributions, as specified in the Adoption Agreement.
Qualified Matching Contributions. If selected below, the Employer may make Qualified Matching Contributions for each Plan Year (select all those applicable):
(1) In its discretion, the Employer may make Qualified Matching Contributions on behalf of (select one): |_| (a) all Participants who make Employee Thrift Contributions.
Qualified Matching Contributions. If selected below, the Employer may make Qualified Matching Contributions for each Plan Year (select all those applicable):
(1) In its discretion, the Employer may make Qualified Matching Contributions on behalf of (select one): / / (a) all Participants who make Employee Thrift Contributions. / / (b) only those Participants who are Nonhighly Compensated Employees and who make Employee Thrift Contributions.
(2) Qualified Matching Contributions will be contributed and allocated to each Participant in an amount equal to: / / (a) ____% of the Participant's Employee Thrift Contributions. If inserted, Qualified Matching Contributions shall not exceed ____% of the Participant's Compensation. / / (b) such an amount, determined by the Employer, which is needed to meet the ACP Test.
Qualified Matching Contributions. If the Employer specifies in the Adoption Agreement that Qualified Matching Contributions s shall be made to the Plan, the Employer and each Participating Affiliate shall make a Qualified Matching Contribution for each eligible Participant based on the Employee Contributions and Elective Deferrals made by or on behalf of such eligible Participant in such amount and as of each Allocation Date as specified in the Adoption Agreement. Qualified Matching Contributions shall be subject to the following special rules:
Qualified Matching Contributions. Part A. Authorization of Qualified Matching Contributions: Will the Employer make Qualified Matching Contributions to the Plan on behalf of Qualifying Contributing Participants? (Choose One)
Qualified Matching Contributions. Notwithstanding anything in the Adoption Agreement to the contrary, amounts in a Participant's account attributable to Before Tax Contributions, Qualified Nonelective Contributions, and Qualified Matching Contributions shall be 100% vested and nonforfeitable at all time.