Excess Matching Contributions definition

Excess Matching Contributions means the amount of contributions credited on a Member’s behalf under Section 3.01(b).

Excess Matching Contributions means contributions made to the Plan by the Company for the Plan Year, at the discretion of the Company, and allocated to a Participant’s Individual Account by reason of the Participant’s Excess Salary Redirection Contributions contributed to the Plan pursuant to Section 3.1(a).

Excess Matching Contributions of a Participant shall mean the amount by which his Matching Contributions for the Plan Year are attributable to Corrective Distributions for the Plan Year which have exceeded his Basic Employee Contributions for the Plan Year.

Examples of Excess Matching Contributions in a sentence

• Excess Matching Contributions that are not vested shall be forfeited.

• An account equal to the Excess Matching Contributions, if any, of each Participant made for Plan Years prior to 2002, as adjusted for investment return under Section 4.2 and distributions under Article V.

• No income or loss shall be allocated to Excess Deferrals, Excess Elective Deferrals or Excess Matching Contributions for the period between the end of the Plan Year in which such Excess Deferrals, Excess Elective Deferrals and/or Excess Matching Contributions arose and the date of distribution of such amounts.

• Gap period income (i.e., income allocable to Excess Deferrals, Excess Contributions and Excess Matching Contributions for the period after the close of the Plan Year and prior to the distribution) shall be allocated as described in Treasury Regulation Sections 1.402(g)-1(e)(5), 1.401(k)-2(b)(2)(iv) and 1.401(m)-2(b)(2)(iv), respectively.

• Gap period income (i.e., income allocable to Excess Contributions and Excess Matching Contributions for the period after the close of the Plan Year and prior to the distribution) shall be allocated as described in Treasury Regulation Sections 1.401(k)-2(b)(2)(iv) and 1.401(m)-2(b)(iv).

More Definitions of Excess Matching Contributions

Excess Matching Contributions means Employer Matching ----------------------------- Contributions that exceed those permitted by the non-discrimination tests in Article 4.6.

Excess Matching Contributions means, with respect to a Plan Year, the excess of Employer Matching Contributions made pursuant to Section 3.1(c) on behalf of a Highly Compensated Participant for such Plan Year, over the maximum amount of such Employer Matching Contributions permitted under the limitations of Section 3.7 and Code § 401(m). Excess Matching Contributions shall be attributed to individual Highly Compensated Participants in accordance with Section 3.8(a).

Excess Matching Contributions means the amount of contributions credited on a Participant's behalf under Section 3.03.

Excess Matching Contributions means, with respect to a Plan Year, the excess of Matching Contributions made on behalf of Highly Compensated Participants for the Plan Year over the maximum amount of such contributions permitted under section 4.10. Excess Matching Contributions shall be treated as Annual Additions pursuant to section 4.12.

Excess Matching Contributions means the contributions as described in Section 4.2.

Excess Matching Contributions for any Plan Year means the Regular Matching Contributions and Discretionary Matching Contributions made to the Plan on behalf of Participants who are Highly Compensated Employees in excess of the limitations set forth in Section 4.5.1 and Section 4.6; provided, however, that Regular Matching Contributions and Discretionary Matching Contributions which are forfeited pursuant to Section 4.7 shall not be considered to be Excess Matching Contributions.

Excess Matching Contributions means, for each Highly Compensated Employee, the sum of the Highly Compensated Employee's Matching Contributions for a Plan Year minus the product obtained by multiplying such Highly Compensated Employee's Compensation for the Plan Year by the Highly Compensated Employee's adjusted Contribution Ratio, as determined pursuant to the following sentence (and Treasury Regulation 1.401(m))-1(e)(2)). The adjustments which shall be made to the Contribution Ratio of each Highly Compensated Employee for a Plan Year in which the limit in Section 12.4(a) is not satisfied shall be determined by successively reducing the Contribution Ratio of the Highly Compensated Employee with the highest Matching Contributions for the Plan Year to the extent required to either