Examples of Company Matching Contribution in a sentence
Notwithstanding the preceding sentence, no later than the end of the tax filing period, with extensions, for the Company’s corporate tax return for the fiscal year ending in the Plan Year, an additional “true-up” Company Matching Contribution shall be allocated to each Participant who is an active Participant as of the last day of the Plan Year.
A partially-vested Member is a Member whose Vested Interest, determined under Section 6.07(a), in either his Company Matching Contribution Account or his Company Profit Sharing Contribution Account, or both, is less than 100%.
Upon death or the Disability of a Participant, the Participant shall be 100% vested in his or her Company Matching Contribution Subaccount.
A Participant’s Company Matching Contribution Subaccount shall be further divided into separate investment fund subaccounts, each of which corresponds to a Fund elected by the Participant.
The amount of the additional “true-up” Company Matching Contribution that shall be allocated to each such Participant shall equal the excess, if any, of (a) the amount of Company Matching Contributions that would have been allocated to the Participant had the Participant made his or her Deferred Cash Contributions for the Plan Year on a level basis throughout the Plan Year, over (b) the actual amount of the Company Matching Contribution that previously was allocated to the Participant for the Plan Year.