Common use of Tiered Match Clause in Contracts

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

Appears in 2 contracts

Samples: Savings and Investment Plan Document (Sterling Chemicals Inc), Adoption Agreement (Sterling Chemicals Inc)

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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 first % of the Participant’s Compensation contributed, and % of the next % (no more than 400%) of the next % of the Participant’s Compensation contributed, and % of the next % (no more than 300%) of the next % of the Participant’s Compensation contributed. The Employer’s contribution will be made up to the o greater of (may be no more than 500%) o lesser of (may be no less than 1%) % of Compensation, or $ (no more than the Annual Addition limit for the Plan Year).

Appears in 1 contract

Samples: Defined Contribution Plan (Athens Bancshares Corp)

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

Appears in 1 contract

Samples: Adoption Agreement for Cash or Deferred Profit Sharing Plan (BBCN Bancorp Inc)

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