Common use of Tiered Match Clause in Contracts

Tiered Match. The Employer shall contribute to each eligible Participant's account an amount equal to: ________% of the first ________% (no more than 500%) of the Participant's Compensation contributed, and ________% of the next ________% (no more than 400%) of the Participant's Compensation contributed, and ________% of the next ________% (no more than 300%) of the Participant's Compensation contributed. The Employer’s contribution will be made up to the [ ] greater of (may be no more than 500%) [ ] lesser of (may be no less than 1%) _________% of Compensation, or $__________ (no more than the Annual Addition limit for the Plan Year).

Tiered Match. The Employer shall contribute to each eligible Participant's ’s account an amount equal to: ________% of the first ________% (no more than 500%) of the Participant's ’s Compensation contributed, and ________% of the next ________% (no more than 400%) of the Participant's ’s Compensation contributed, and ________% of the next ________% (no more than 300%) of the Participant's ’s Compensation contributed. The Employer’s contribution will be made up to the [ ] greater of (may be no more than 500%) [ ] lesser of (may be no less than 1%) _________% of Compensation, or $__________ (no more than the Annual Addition limit for the Plan Year).

Tiered Match. The Employer shall contribute to each eligible Participant's ’s account an amount equal to: ________% of the first ________% (no more than 500%) of the Participant's ’s Compensation contributed, and ________% of the next ________% (no more than 400%) of the Participant's ’s Compensation contributed, and ________% of the next ________% (no more than 300%) of the Participant's ’s Compensation contributed. The Employer’s contribution will be made up to the [ ] greater of (may be no more than 500%) [ ] lesser of (may be no less than 1%) _________% of Compensation, or $__________ (no more than the Annual Addition limit for the Plan Year).