MATCHING CONTRIBUTION FORMULA Sample Clauses

MATCHING CONTRIBUTION FORMULA. If the Employer will make Matching Contributions, then the amount of such Matching Contributions made on behalf of a Qualifying Contributing Participant each Plan Year shall be (Choose one):
Sample 1Sample 2Sample 3See All (9)
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MATCHING CONTRIBUTION FORMULA. If the Employer will make Qualified Matching Contributions, then the amount of such Qualified Matching Contributions made on behalf of a Qualifying Contributing Participant each Plan Year shall be (Choose one): OPTION 1: ( ) An amount equal to ___% of such Contributing Participant's Elective Deferral (and/or Nondeductible Employee Contribution, if applicable).
Sample 1See All (7)
MATCHING CONTRIBUTION FORMULA. [Note: If the Employer elected Option (b), complete Options (h), (i) and (j).]
Sample 1Sample 2Sample 3See All (5)
MATCHING CONTRIBUTION FORMULA. The Adopting Employer's Matching Contribution will be allocated to eligible Participants who have met the requirements of Section B and D.1 through D.3 as follows:
Sample 1Sample 2Sample 3
MATCHING CONTRIBUTION FORMULA. For the period designated in AA §6A-5 below, the Employer will make the following Matching Contribution on behalf of Participants who satisfy the allocation conditions under AA §6A-6 below. [See AA §6A-3 for the definition of Eligible Contributions for purposes of the Matching Contributions under the Plan.]
Sample 1
MATCHING CONTRIBUTION FORMULA. The amount of the Corporations Nonelective Matching Contribution credited to the Nonelective Matching Contribution Account for each Plan Year, if any, shall be at the sole discretion of the Committee. The Committee shall notify all Eligible Participant’s of the Nonelective Matching Contribution Formula to be applicable for each respective Plan Year no later than thirty (30) days prior to the beginning of each such Plan Year.
Sample 1
MATCHING CONTRIBUTION FORMULA. The matching contribution will be equal to 75% (insert desired percentage for your matching contribution) of the participant's matchable savings contributions during such plan year. Limit on Employer Matching Contributions. |X| 401(k) savings contributions above $ or 6% of the participant's plan compensation will not be matched. (if a limit is desired, insert the dollar amount or percentage.) |_| After-tax savings contributions above $ or % of the participant's Plan Compensation will not be matched. (If a limit is desired, insert the dollar amount or percentage.) |_| Any combination of a participant's 401(k) savings contributions and after-tax savings contributions above $ or % of such participant's Plan Compensation will not be matched. (If a limit is desired, insert the dollar amount or percentage.) Note: Matching contributions on behalf of certain participants may be limited under the Metropolitan Life Insurance Company plan document.
Sample 1
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MATCHING CONTRIBUTION FORMULA. If Yes, the following matching contribution formulas apply (Select (i) or (ii)):
Sample 1

Related to MATCHING CONTRIBUTION FORMULA

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Full Employer Contribution - Basic Eligibility Employees covered by this Agreement who are scheduled to work at least seventy-five (75) percent of the time are eligible for the full Employer Contribution. This means:

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law.

  • Partial Employer Contribution - Basic Eligibility The following employees covered by this Agreement receive the full Employer Contribution for basic life coverage, and at the employee's option, a partial Employer Contribution for health and dental coverages if they are scheduled to work at least fifty (50) percent but less than seventy-five (75) percent of the time. This means:

  • Employer Contributions 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement.

  • Elective Deferrals An Employee will be eligible to become a Contributing Participant in the Plan (and thus be eligible to make Elective Deferrals) and receive Matching Contributions (including Qualified Matching Contributions, if applicable) after completing 1 (enter 0, 1 or any fraction less than 1) Years of Eligibility Service.

  • Eligibility for Employer Contribution This section describes eligibility for an Employer Contribution toward the cost of coverage.

  • Maintaining Eligibility for Employer Contribution The employer's contribution continues as long as the employee remains on the payroll in an insurance eligible position. Employees who complete their regular school year assignment shall receive coverage through August 31.

  • Plan Year The year for the purposes of the plan shall be from September 1 of one year, to August 31, of the following year, or such other years as the parties may agree to.

  • Amount of Employer Contribution The Employer Contribution amounts and rules in effect on June 30, 2017 will continue through December 31, 2017.

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