Company Matching Contribution definition
Examples of Company Matching Contribution in a sentence
For purposes of this Section A-5 of Supplement A to the Plan, the term “Years of Vesting Service” means, with respect to any ▇▇▇▇▇▇ Union Participant, the service credited for purposes of determining the ▇▇▇▇▇▇ Union Participant’s vested interest in his Company Matching Contribution Account and Profit Sharing Contribution Account.
Notwithstanding any provision of Section 7.2 to the contrary, the amount of a Company Matching Contribution for a Plan Year on behalf of any HRT Participant who has not completed at least one Year of Service (disregarding for these purposes all Textron Service) shall be equal to fifty percent (50%) of the sum of the HRT Participant’s Pre-Tax Deferral Contributions and ▇▇▇▇ Deferral Contributions (excluding Catch-up Contributions) up to a maximum of five percent (5%) of the HRT Participant’s Eligible Pay.
In accordance with the provisions of Section 13.1 of the Plan, a ▇▇▇▇▇▇ Union Participant may withdraw on or after the date the ▇▇▇▇▇▇ Union Participant attains age 59-1/2 all or any portion of his vested Profit Sharing Account and vested Company Matching Contribution Account.
A ▇▇▇▇▇▇ Union Participant may request a loan from the vested portion of his Profit ▇▇▇▇▇▇▇ Account and the vested portion of his Company Matching Contribution Account in accordance with the provisions of Section 13.3 of the Plan.