Matching Percentage definition
Matching Percentage means the percentage designated from time to time by each Participating Agency on an AMTOP Credit Addendum for purposes of determining the Matching Credits to be posted pursuant to Section 4.1 to a Participant’s AMTOP Account by the Administrator on behalf of the Sponsoring Company; provided, however, that the Matching Percentage is established initially at one hundred percent (100%).
Matching Percentage means the percentage applied to contributions to the plan for determination of match contributions as determined by the Board of Directors each plan year. Notwithstanding the foregoing, the Board of Directors has the discretion to modify the matching percentage each year.
Matching Percentage means the matching contribution percentage in effect for a specific Plan Year under the Thrift Plan.
Examples of Matching Percentage in a sentence
Elective Deferral Percentage Base Rate Less than or equal to 1% Matching Percentage 100% Tier 2 Greater than 1, but less than or equal to 6% Option 2: o QACA Enhanced Matching Contribution.
If the Total Shareholder Return is 66% or higher, but less than 100%, the Matching Percentage will be 66.67%.
Schedule Matching Percentage (Plan Section 3.1(b)): ------------------------------------------------- None.
An amount equal to the following percentages for each specified level of a Participant's Elective Deferrals or Years of Service for each Taxable Year: Elective Deferrals Matching Percentage % % % % Note: Specify Elective Deferrals subject to match as a percentage of Compensation or a dollar amount.
Elective Deferral Percentage Matching Percentage Base Rate Less than or equal to 3% 100% Tier 2 Greater than 3, but less than or equal to 5% 50% Option 2: [X] Enhanced Matching Contributions.
More Definitions of Matching Percentage
Matching Percentage means the percentage designated from time to time by each Participating Agency on a Total Credit Addendum for purposes of determining the Matching Credits to be posted pursuant to Section 9.1 to a Participant’s Matching Account by the Administrator on behalf of HealthMarkets; provided, however, that the Matching Percentage is established initially at one hundred percent (100%). Notwithstanding the foregoing, subject to the last sentence of this Section 1.40, the Matching Percentage shall be increased and shall be equal to two hundred percent (200%) with respect to such eligible Participant’s Matching Credits posted during the period beginning on the Effective Date and ending on December 31, 2010 (the “New Horizon Period”) for any Agent Participant contracted as of December 31, 2009 so long as: (i) the Participant has completed in a timely manner any New Horizon enrollment form(s) required by the Administrator and (ii) the Participant does not request during the New Horizon Period a partial withdrawal under Section 11.2 (other than a partial withdrawal under Section 11.2(a)(3)), a complete withdrawal under Section 11.3 (other than a complete withdrawal under Section 11.3(b) as a result of death or Disability) or a special distribution and withdrawal under Section 11.5 (other than a special distribution and withdrawal under Section 11.5(a) as of the Initial Dream Team I Withdrawal Date, but not in any period succeeding the Initial Dream Team I Withdrawal Date). The additional one hundred percent (100%) added to the Matching Percentage during the New Horizon Period, together with the additional $1,000 added to the maximum monthly Matching Credit during the New Horizon Period as described in the first sentence of Section 9.1, shall be referred to herein as the “New Horizon Enhancement.” The New Horizon Enhancement shall apply only during the period of the Agent Participant’s enrollment in New Horizon and shall apply solely to first year commissions and/or compensation and not to renewal commissions and/or compensation.
Matching Percentage means the rate at which Eligible Salary shall be matched by the Company under the terms of the Plan. With respect to each Plan Year, the Matching Percentage shall equal the rate at which the Company makes basic Matching Contributions (as defined in the Genuity Inc. Savings Plan) under the Genuity Inc. Savings Plan with respect to that Plan Year.
Matching Percentage means the percentage obtained by dividing the County Education Tax by the County Applicable Ad Valorem Taxes, so that the percentage of the City Applicable Ad Valorem Taxes being paid by the Company to the City as In Lieu of Tax Payments matches the percentage of the County Applicable Ad Valorem Taxes being paid at all times.
Matching Percentage means twenty-five percent (25%), or such lower percentage as the Administrator may specify and communicate to Participants prior to the Enrollment Date for any Offering Period to which such modification shall apply.
Matching Percentage means the percentage of a Participant's elective deferrals to the 401(k) Plan (to the extent such elective deferrals are not in excess of the Minimum Percentage of the Participant's compensation) which the Bank, the Corporation or a Participating Affiliate has agreed to contribute to the 401(k) Plan on behalf of the Participant as matching contributions.
Matching Percentage means, subject to the following sentences, two times the weighted average of percentage increases, if any, in pre-tax net operating income (“NOI”),as defined below, for the current Plan Year and the last two Plan Years.
Matching Percentage means, for any Plan Year, the rate (expressed as a percentage) that equals the percentage matching contribution rate for such Year under the Genuity Savings Plan. In the event matching contributions under the Genuity Savings Plan are made at more than one percentage rate, the Plan Administrator shall make appropriate adjustments to the Matching Percentage under this Plan.