Matching Deferral definition
Examples of Matching Deferral in a sentence
A Participant shall always have a non-forfeitable right to 100% of his Employer Matching Deferral Account.
The Employer Matching Contribution shall be allocated to the Employer Matching Deferral Account of Participants who [Select applicable provisions which shall apply conjunctively unless otherwise noted] o(i)Are employed as an Eligible Employee for at least ________ [Insert number of months] full calendar months in such Plan Year.
The following vesting schedule shall apply to the Employer Matching Deferral Account [Check one, and complete where applicable] (A) Apply Rules Described in Qualified Plan.
Select One; [ ] No Matching Deferrals will be credited [ ] The Employer will credit Matching Deferrals for each Participant equal to ____% of the first_______% of the Participant's Compensation which is elected as an Elective Deferral but no Matching Deferral will be made on Elective Deferrals in excess of $_____________per_____________(specify time period if applicable).
The Employer will credit Matching Deferrals for each Participant equal to 100% of the first 6% of the Participant's Compensation which is elected as an Elective Deferral, but no Matching Deferral will be made on Elective Deferrals in excess of $______ per (specify time period if applicable).