Safe Harbor Matching Contribution. The Employer will make an Employer Matching Contribution with respect to an Eligible Participant’s Section 401(k) Deferrals and/or Employee After-Tax Contributions (“applicable contributions”) under the following formula: [Complete selection a. or b. In addition, complete selection c. Selection d. may be checked in addition to a. or b. and c.] [ ] a. Basic formula: 100% of applicable contributions up to the first 3% of Included Compensation, plus 50% of applicable contributions up to the next 2% of Included Compensation. [ ] b. Enhanced formula: [ ] (1) ___% (not less than 100%) of applicable contributions up to ___% of Included Compensation (not less than 4% and not more than 6%).
Appears in 2 contracts
Samples: 401(k) Plan Adoption Agreement (Mercantile Bancorp, Inc.), 401(k) Plan Adoption Agreement (Mercantile Bancorp, Inc.)
Safe Harbor Matching Contribution. The Employer will make an Employer Matching Contribution with respect to an Eligible Participant’s Section 401(k) Deferrals and/or Employee After-Tax Contributions (“applicable contributions”) under the following formula: [Complete selection a. or b. In addition, complete selection c. Selection d. d may be checked in addition to a. or b. and c.] [ ] a. Basic formula: 100% of applicable contributions up to the first 3% of Included Compensation, plus 50% of applicable contributions up to the next 2% of Included Compensation. [ ] b. Enhanced formula: [ ] (1) ___% (not less than 100%) of applicable contributions up to ___% of Included Compensation (not less than 4% and not more than 6%).
Appears in 1 contract
Samples: Defined Contribution Plan and Trust (National Penn Bancshares Inc)
Safe Harbor Matching Contribution. The Employer will make an Employer Matching Contribution with respect to an Eligible Participant’s 's Section 401(k) Deferrals and/or Employee After-Tax Contributions (“"applicable contributions”") under the following formula: [Complete selection a. or b. In addition, complete selection c. Selection d. may be checked in addition to a. or b. and c.] [ ] a. Basic formula: 100% of applicable contributions up to the first 3% of Included Compensation, plus 50% of applicable contributions up to the next 2% of Included Compensation. [ ] b. Enhanced formula: [ ] (1) _____% (not less than 100%) of applicable contributions up to _____% of Included Compensation (not less than 4% and not more than 6%).
Appears in 1 contract
Samples: 401(k) Plan Adoption Agreement (Peoples Holding Co)
