Company Matching Amount definition

Company Matching Amount means, for any one Plan Year, the amount determined in accordance with Section 3.5.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Company Matching Amount means an amount equal to a percentage, determined by the Company in its sole discretion, of the amount of Compensation deferred under the Plan for the Plan Year.

Company Matching Amount means an amount equal to a percentage, determined by the Company in its sole discretion, of the amount of Compensation deferred under the Plan for the Plan Year. Subject to the foregoing, the Company expects that for the Plan Year beginning January 1, 2003 the Company Matching Amount will be 25% of the amount of a Participant's Compensation deferred under the Plan for the 2003 Plan Year up to a maximum of 5% of the Participant's Compensation for the 2003 Plan Year.

Examples of Company Matching Amount in a sentence

• In addition, in the event of a reduction in the amount of a Participant's Compensation that is deferred under this Plan pursuant to the preceding sentence, the Company shall reduce the amount of any Company Matching Amount under this Plan for the Participant for the Plan Year to reflect such reduction in the amount of deferred Compensation.

• The Participant's Annual Company Matching Amount shall be credited to his or her Company Matching Account for purposes of this Section 3.8(d) as of the close of business on the first business day in February of the Plan Year following the Plan Year to which it relates.

• Provided the Participant has elected ------------------------------ to defer an Annual Deferral Amount for the Plan Year, the Participant's Annual Company Matching Amount for any Plan Year shall be equal to 2 % of the Participant's Base Annual Salary, reduced by the amount of any matching contributions made to the 401(k) Plan on his or her behalf for the plan year of the 401(k) Plan that corresponds to the Plan Year.

• If a Participant is not employed by the Employer, or is no longer providing services as a Director, as of the last day of a Plan Year other than by reason of his or her Retirement, death or termination of employment in a Plan Year during which there is a Change in Control, the Annual Company Matching Amount for such plan shall be zero.

• In the event of death, a Participant shall be credited with the Annual Company Matching Amount attributable to the quarter of the Plan Year in which he or she dies.

• In the event of Retirement, Disability, death or termination of employment in a Plan Year during which there is a Change in Control, a Participant shall be credited with the Annual Company Matching Amount for the Plan Year in which he or she Retires, becomes disabled, dies or terminates during a Plan Year in which there is a Change in Control.

• If a Participant is not employed by an Employer as of the last day of a calendar quarter during the Plan Year other than by reason of his or her Retirement, Disability or death, the Annual Company Matching Amount attributable to such quarter and the remainder of such Plan Year shall be zero.

• The Participant's Annual Company Contribution Amount, Annual Company Matching Amount, Annual Profit Sharing Restoration Amount and Annual Pension Restoration Amount shall be credited to his or her Company Contribution Account, Company Matching Account, Profit Sharing Restoration Account and/or Pension Restoration Account, as the case may be, as of the last day of the Plan Year to which they relate.

• The Annual Company Matching Amount shall be credited on a quarterly basis during the Plan Year in the same manner as the matching contribution under the 401(k) Plan.

More Definitions of Company Matching Amount

Company Matching Amount means an amount equal to a percentage, determined by the Company in its sole discretion no later than the December 31 immediately preceding a Plan Year, of the amount of Compensation deferred under the Plan for the Plan Year.

Company Matching Amount means the amount credited to a Participant's Company Matching Account under Section 4.2.

Company Matching Amount means an amount equal to a percentage, determined by the Company in its sole discretion, of the amount of Compensation deferred under the Plan for the Plan Year. Notwithstanding the foregoing, (1) for the Plan Year beginning April 1, 1994, and ending on December 31, 1994, the Company Matching Amount shall be 25% of the Compensation deferred by the Participant, provided that the Company Matching Amount shall not exceed 4% of the sum of (a) the Participant's Salary payable for each pay period in 1994 beginning after May 1, 1994 and (b) the Participant's Bonus for the 1994 calendar year, and (2) for the Plan Year beginning January 1, 1997, the Company Matching Amount shall be 25% of the amount of Compensation deferred under the Plan for the 1997 Plan Year up to a maximum of 5% of all of the Participant's Compensation for the 1997 Plan Year.

Company Matching Amount means an amount equal to a percentage, determined by the Company in its sole discretion, of the amount of

Company Matching Amount means an amount equal to a percentage, determined by the Company in its sole

Company Matching Amount means an amount