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 shall be distributed only to the extent a Participant has a vested interest in his Matching Contributions Sub-Account and shall otherwise 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.

• At the Committee’s discretion, if the Excess Matching Contributions are attributable to non-vested Matching Contributions, such Excess Matching Contributions may be forfeited in accordance with Subsection 10.06 and applied in the same manner as any other Forfeiture under the Plan.

• If Matching Contributions made on behalf of Highly Compensated Employees must be refunded to satisfy the limitation of this Subsection, the Committee shall determine the amount of Excess Matching Contributions and shall refund such amount on the basis of the Highly Compensated Employees’ contribution amounts, beginning with the highest such contribution amounts.

• Excess Matching Contributions previously credited (and any income allocable thereto determined in accordance with Subsection 6.04) may be distributed or forfeited within twelve (12) months after the close of the Plan Year to which such Excess Matching Contributions relate, but in any event no later than the end of the Plan Year following the Plan Year in which such Excess Matching Contributions were made.

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 for any Plan Year the excess of

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

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 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, 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 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.