Tiered Match. The Employer shall contribute to each eligible Participant's account an amount equal to: % of the first % of the Participant's Compensation contributed, and % of the next % of the Participant's Compensation contributed, and % of the next % of the Participant's Compensation contributed. The Employer’s contribution will be made up to the Compensation, or $ . greater of lesser of % of The percentages specified above may not increase as the percentage of Participant's contribution increases.
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Tiered Match. The Employer shall contribute to each eligible Participant's ’s account an amount equal to: % of the first % of the Participant's ’s Compensation contributed, and 14 §401(k) Plan AA #010 % of the next % of the Participant’s Compensation contributed, and % of the next % of the Participant's Compensation contributed, and % of the next % of the Participant's ’s Compensation contributed. The Employer’s contribution will be made up to the [ ] greater of [ ] lesser of % of Compensation, or $ . greater of lesser of % of The percentages specified above may not increase as the percentage of Participant's ’s contribution increases.
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Samples: Prototype Defined Contribution Plan (Georgetown Bancorp, Inc.)
Tiered Match. The Employer shall contribute to each eligible Participant's account an amount equal to: 100% of the first 2% of the Participant's Compensation contributed, and 75% of the next 2% of the Participant's Compensation contributed, and 50% of the next 2% of the Participant's Compensation contributed. The Employer’s 's contribution will be made up to the [x] greater of [ ] lesser of 6.0% of Compensation, or $ $__________. greater of lesser of % of The percentages specified above may not increase as the percentage of Participant's contribution increases.
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Samples: Nonstandardized Adoption Agreement (Banctrust Financial Group Inc)
Tiered Match. The Employer shall contribute to each eligible Participant's ’s account an amount equal to: % of the first % of the Participant's ’s Compensation contributed, and % of the next % of the Participant's ’s Compensation contributed, and % of the next % of the Participant's ’s Compensation contributed. The Employer’s contribution will be made up to the ¨ greater of ¨ lesser of % of Compensation, or $ . greater of lesser of % of The percentages specified above may not increase as the percentage of Participant's ’s contribution increases.
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Samples: Prototype Defined Contribution Plan (United Community Bancorp)
