Common use of Tiered Match Clause in Contracts

Tiered Match. The Employer shall contribute and allocate to each Participant's account an amount equal to % of the first % of the Participant's Compensation, to the extent deferred. % of the next % of the Participant's Compensation, to the extent deferred. % of the next % of the Participant's Compensation, to the extent deferred.

Appears in 1 contract

Samples: Adoption Agreement (Franklin Financial Corp /Tn/)

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Tiered Match. The Employer shall contribute and allocate to each Participant's account an amount equal to to: ___% of the first ___% of the Participant's CompensationCompensation deferred, to the extent deferred. and ___% of the next ___% of the Participant's CompensationCompensation deferred, to the extent deferred. and ___% of the next ___% of the Participant's Compensation, to the extent Compensation deferred. NOTE: THE PERCENTAGES SPECIFIED ABOVE MAY NOT INCREASE AS THE PERCENTAGE OF PARTICIPANT'S CONTRIBUTION INCREASES.

Appears in 1 contract

Samples: Non Standardized Adoption Agreement (Monro Muffler Brake Inc)

Tiered Match. The Employer shall contribute and allocate to each Participant's account an amount equal to % of the first % of the Participant's Compensation, to the extent deferred. ________% of the next ______% of the Participant's Compensation, to the extent deferred. _______% of the next _______% of the Participant's Compensation, to the extent deferred. NOTE: Percentages specified in (iii) above may not increase as the percentage of Participant's contribution increases.

Appears in 1 contract

Samples: Cash or Deferred Profit Sharing Plan (Port Financial Corp)

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Tiered Match. The Employer shall contribute and allocate to each Participant's account an amount equal to ____% of the first ____% of the Participant's Compensation, to the extent deferred. _______% of the next ____________% of the Participant's Compensation, to the extent deferred. ___________% of the next ____________% of the Participant's Compensation, to the extent deferred. NOTE: Percentages specified in (iii) above may not increase as the percentage of Participant's contribution increases.

Appears in 1 contract

Samples: 401(k) Plan Document (Berkshire Hills Bancorp Inc)

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