Common use of Savings Plan Company Match Clause in Contracts

Savings Plan Company Match. The Company shall pay to Executive an amount equal to the dollar amount of matching contributions, if any, that would have been made to Executive’s account(s) under the Interface, Inc. Savings and Investment Plan or any successor Code Section 401(k) plan (the “Savings Plan”) if Executive had continued to actively participate in the Savings Plan and had made deferrals at the maximum permissible level (in effect on the date of his termination of employment) throughout the Continuation Period.

Appears in 4 contracts

Samples: Employment Agreement (Interface Inc), Employment Agreement (Interface Inc), Employment Agreement (Interface Inc)

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Savings Plan Company Match. The Company shall pay to Executive an amount equal to the dollar amount of matching contributions, if any, that would have been made to Executive’s account(s) under the Interface, Inc. Savings and Investment Plan or any successor Code Section 401(k) plan (the “Savings Plan”) if Executive had continued to actively participate in the Savings Plan and had made deferrals deferrals, at the maximum permissible level (in effect on the date of his termination of employment) , throughout the Continuation Period.

Appears in 2 contracts

Samples: Employment and Change in Control Agreement (Interface Inc), Employment Agreement (Interface Inc)

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