Company Matching Contribution Sample Clauses

Company Matching Contribution. For each four shares of Restricted Stock acquired by the Participant pursuant to Section 1 above, whether in respect of base salary or bonus reductions, the Company shall simultaneously issue or allocate to the account of the Participant, for no additional consideration, one additional share of Restricted Stock (the “Company Match”), including fractional shares where necessary.

Company Matching Contribution. Subject to the provisions of ARTICLE XII, as soon as practicable, and in no event later than the time prescribed by law (including extensions thereof) for filing the Company’s Federal income tax return for its taxable year, the Company or Related Company, as applicable, shall deposit with the Trustee on behalf of each of its Participants a Company Matching Contribution for Plan Years beginning on or after January 1, 2003, an amount equal to one hundred percent (100%) of the Participant’s Payroll Deferrals and Catch-Up Contributions made pursuant to Sections 6.1 and Section 6.2 on up to three percent (3%) of the Participant’s Eligible Pay and fifty percent (50%) of the Participant’s Payroll Deferrals and Catch-Up Contributions made pursuant to Sections 6.1 and Section 6.2 on amounts in excess of three percent (3%) of the Participant’s Eligible Pay but excluding Payroll Deferrals and Catch-Up Contributions in excess of six percent (6%) of the Participant’s Eligible Pay. Effective for each Plan Year beginning on or after January 1, 2016, the Company or Related Company shall deposit with the Trustee an additional Company Matching Contribution amount, if any, on behalf of each of its Participants who, as of the end of the Plan Year, is employed by the Company or Related Company (a “Qualifying Match Participant”), equal to: (a) The maximum Company Matching Contribution the Participant could have received under this Section 7.2 for the Plan Year had his or her Deferral Contributions been contributed ratably from the beginning of the Plan Year through the end of such Plan Year, minus (b) The amount of Company Matching Contributions previously made on behalf of the Participant pursuant to the first paragraph of this Section 7.2 (i.e., computed on the basis of the Participant’s Deferral Contributions and Eligible Pay for each payroll period during the Plan Year), as applicable. For the purpose of clarity, a Participant whose last day of employment with the Company and all Related Companies, and therefore whose date of termination of employment with the Company and all Related Companies, is December 31 of a Plan Year, shall be deemed to be a Qualifying Match Participant with respect to such Plan Year. Any Company Matching Contributions made on behalf of a Participant shall be credited to the Member Investment Component of the Plan in accordance with ARTICLE X below and shall be invested in the same proportion that the Participant’s Payroll Deferrals are invested.

Company Matching Contribution. The Company will add fifty cents ($0.50) for each one dollar ($1.00) that employees contribute out of the first 5% of their pay deferred. Company match is initially invested in the same funds that the employee elects for their contributions.

Company Matching Contribution. The Company will add fifty cents ($.50) for each one dollar ($1.00) that associates contribute out of the first 5% of their pay deferred. Company match will be in Company stock only. . If corporate economic conditions deteriorate in all Company businesses to the extent that the Board of Directors place a moratorium on Company match contributions, on a company- wide basis, such moratorium will be applicable to those covered under this agreement.

Company Matching Contribution the Company will match 50% of each eligible employee’s contribution to the Savings Plan, up to the first six percent (6%) of eligible compensation (subject to a maximum Company matching contribution of 3% of eligible compensation per pay period and to the five-year graded vesting schedule provided for in Section 16.8.2.3).