Basic Match. The basic match for a Participant in this Plan each Plan Year shall equal the lesser of his Participant Deferrals for the Plan Year or 8% of the his Compensation for the Plan Year that is in excess of the limit on compensation that may be taken into account in the Savings Plan pursuant to Code §401(a)(17).
Appears in 2 contracts
Sources: Non Qualified Restorative Retirement Savings Plan (Apache Corp), Non Qualified Retirement/Savings Plan (Apache Corp)