Examples of Employer Matching Contribution in a sentence
The Employer shall contribute to each eligible Participant who defers at least % of Compensation, an amount determined by multiplying such Employer Matching Contribution by a fraction, the numerator of which is the Participant's Compensation and the denominator of which is the Compensation of all Participants eligible to receive such an allocation.
The Participating Employer will make an Employer Matching Contribution in accordance with its Employer 457 Contribution Policy for each Participant who defers compensation into: [Specify one option only.] Not Applicable.
Employees’ Elective Deferral, Employer Matching Contribution and Nonelective Contribution amounts, if any, must be sent electronically to Fidelity Investments Institutional Operations Company LLC, (FIIOC) via the Internet at xxxxxxxx.xxx.
The Employer shall make an Employer Matching Contribution for each Payroll Period on behalf of each Participant who has been credited with a Year of Service equal to 50% of the sum of the Pre-Tax Contributions and After-Tax Contributions, if applicable, by or on behalf of the Participant for such Payroll Period, to the extent such sum of Pre-Tax Contributions and After-Tax Contributions does not exceed 6% of the Participant’s Base Earnings for such Payroll Period.
The Employee gains ownership of the Employer Matching Contribution based on years of service with the Company.