Match Contribution definition

Match Contribution means the contribution made by the Employer to the Trust pursuant to Section 4.02.

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Match Contribution means a Salary Reduction Match Contribution made by the Employer to the Trust pursuant to Section 4.02 of the Plan. Match Contributions and earnings thereon shall be 50% vested and nonforfeitable after one Year of Service and 100% vested and nonforfeitable after two Years of Service. Notwithstanding the foregoing, Match Contributions and earnings thereon shall be 100% vested and nonforfeitable at all times for those Participants who have completed at least one Hour of Service on or before December 31, 2004.

Match Contribution. An amount contributed by the Employer on an eligible Participant's behalf based upon the amount contributed by the eligible Participant.

Examples of Match Contribution in a sentence

• Indirect costs in excess of the ten percent (10%) maximum may be budgeted as a match contribution and used to meet the minimum match requirement specified in Subparagraph 5.12 (Match Contribution).

• The Employer shall make each period's Company Match Contribution in cash as soon as is feasible, and not later than the Employer's federal tax filing date, including extensions, for deducting such Contribution.

• Subject to the provisions of the Act, any new plans, programs and material changes permitted under current law in University employee benefit plans, other than Classified Employee benefit plans, shall be approved by the Board of Visitors, including the authority to increase the Cash Match Contribution rate up to the limit permitted by the Code of Virginia based on available resources, and the authority to implement cafeteria-style benefits for University employees other than Classified Employees.

• If the Plan provides a Match Contribution with respect to the sum of a Participant’s Employee Contributions and Elective Deferrals, then the sum of the Participant’s Employee Contributions and Elective Deferrals is substituted for the amount of the Participant’s Elective Deferrals in paragraph (h).

• Subject to the provisions of the Act, any new plans, programs and material changes permitted under current law in University employee benefits plans, other than Classified Employee benefits plans, shall be approved by the Board of Visitors, including the authority to increase the Cash Match Contribution rate up to the limit permitted by the Code of Virginia based on available resources, and the authority to implement cafeteria- style benefits for University employees other than Classified Employees.

• Notwithstanding, the foregoing Match Contribution shall continue in effect only so long as provided under the governing collective bargaining agreement.

• The Recipient agrees to provide a Match Contribution in the amount of the Match Contribution set forth on the Cover Page of this Agreement.

• The Employer shall make each period's Company Match Contribution in cash as soon as administratively feasible, and for purposes of deducting such Contribution, not later than the Employer's federal tax filing date, including extensions, for the Employer's taxable year that ends with or within the Plan Year for which the Company Match Contribution is made.

• Similarly, if the Plan provides a Match Contribution with respect to a Participant’s Employee Contributions (but not Elective Deferrals), then the Participant’s Employee Contributions are substituted for the amount of the Participant’s Elective Deferrals in paragraph (h).

• Any costs incurred prior to the adoption of Proposition 1 on November 4, 2014, will not count towards the Recipient’s Match Contribution.

More Definitions of Match Contribution

Match Contribution means funds provided by the Recipient towards the Project Costs incurred after the date that the State Water Board formally notified the Recipient by email that the Project has been approved for funding. Funds spent on ineligible Project Costs do not constitute Match Contribution.

Match Contribution means funds provided by the Recipient towards the Project Costs incurred on or after November 4, 2014. Funds spent on ineligible Project Costs are not Match Contributions.

Match Contribution. The County agrees to provide matching funds in an amount equal to no less than 25 percent of the total HOME funds drawn down for all project costs except administration. The match obligation may be met with any of the following specific sources. • Cash or cash equivalents from a non-federal source; • Value of waived taxes, fees or charges associated with HOME projects; • Value of donated land or real property; • Cost of infrastructure improvements associated with HOME projects; • A percentage of the proceeds of single- or multi-family housing bonds issued by state, state instrumentality or local government; • Value of donated materials, equipment, labor and professional services; • Sweat equity