Examples of Matching Employer Contribution in a sentence
The Employer shall notify the Trustee of such designation at the time it makes its Matching Employer Contribution.
Unless the additional eligibility requirement is selected below, Qualified Matching Employer Contributions shall be allocated to all Participants who were Active Participants during the Contribution Period and who meet the continuing eligibility requirement(s) described in Subsection 1.11(e) above for the type of Matching Employer Contribution being characterized as a Qualified Matching Employer Contribution.
Notwithstanding the foregoing, if the Employer has elected 401(k) Safe Harbor Matching Contributions in Option 1.11(a)(3) of the Adoption Agreement, a Participant must be permitted to make Deferral Contributions under the Plan sufficient to receive the full 401(k) Safe Harbor Matching Employer Contribution provided under Subsection (a)(1) or (2), as applicable of the 401(k) Safe Harbor Matching Employer Contributions Addendum to the Adoption Agreement.
Each Employer's Matching Employer Contributions made for a month shall be allocated and credited to the Account of each Participant for whom Before-Tax Contributions were made during such month, with each such Participant being credited with a portion of the Employer's Matching Employer Contribution equal to the applicable percentage (determined under Section 3.5) of his Before-Tax Contributions for the preceding calendar month.
For these purposes, Matching Employer Contribution shall have the meaning defined in the PSIP.