Common use of Matching formula Clause in Contracts

Matching formula. a. [ ] Employer matching contribution as follows (select 1. or 2.): DRAFT 1. [ ] Discretionary. The Employer may make a matching contribution equal to an amount determined by the Employer, of each Participant's Elective Deferrals. The Employer retains discretion overSuch discretion will only pertain to the amount of the contribution. The Employer must select the discretionary matching Contribution rate or amount, the limit(s) on Elective Deferrals or Employee Contributions subject to match, the per Participant match allocation limit(s), the Participants who will receive the allocation, and the time period applicable to any matching formula(s) (collectively, the "matching formula"), except as the Employer otherwise elects in its Adoption Agreement. 2. [ ] Fixed - uniform rate/amount. The Employer will make matching contributions equal to % (e.g., 50) of the Participant's Elective Deferrals, plus (select a. or leave blank if not applicable): a. [ ] an additional matching contribution of a discretionary percentage determined by the Employer, 1. [ ] but not to exceed % of Compensation (leave blank if not applicable) 4/2/2020 3. [ ] the percentage or dollar amount specified below (select one or both) a. [ ] % of a Participant's Compensation. b. [ ] $ . 4. [ ] a discretionary percentage of a Participant's Compensation or a discretionary dollar amount, the percentage or dollar amount to be determined by the Employer on a uniform basis for all Participants. b. [ ] Discretionary - tiered. The Employer may make matching contributions equal to a discretionary percentage of a Participant's Elective Deferrals, to be determined by the Employer, of each tier, to be determined by the Employer. The tiers may be based on the rate of a Participant's Elective Deferrals or Years of Service.

Matching formula. a. [ ] Employer matching contribution as follows (select 1. or 2.): DRAFTDRAFT - 1/24/19 1. [ ] Discretionary. The Employer may make a matching contribution equal to an amount determined by the Employer, of each Participant's Elective Deferrals. The Employer retains discretion overSuch discretion will only pertain to the amount of the contribution. The Employer must select over the discretionary matching Contribution rate or amount, the limit(s) on Elective Deferrals or Employee Contributions subject to match, the per Participant match allocation limit(s), the Participants who will receive the allocation, and the time period applicable to any matching formula(s) (collectively, the "matching formula"), except as the Employer otherwise elects in its Adoption Agreement. 2. [ ] Fixed - uniform rate/amount. The Employer will make matching contributions equal to % (e.g., 50) of the Participant's Elective Deferrals, plus (select a. or leave blank if not applicable): a. [ ] an additional matching contribution of a discretionary percentage determined by the Employer, 1. [ ] but not to exceed % of Compensation (leave blank if not applicable) 4/2/2020) 3. [ ] the percentage or dollar amount specified below (select one or both) a. [ ] % of a Participant's Compensation. b. [ ] $ . 4. [ ] a discretionary percentage of a Participant's Compensation or a discretionary dollar amount, the percentage or dollar amount to be determined by the Employer on a uniform basis for all Participants. b. [ ] Discretionary - tiered. The Employer may make matching contributions equal to a discretionary percentage of a Participant's Elective Deferrals, to be determined by the Employer, of each tier, to be determined by the Employer. The tiers may be based on the rate of a Participant's Elective Deferrals or Years of Service.

Matching formula. DRAFT - 1/24/19 a. [ ] Employer matching contribution as follows (select 1. or 2.): DRAFT): 1. [ ] Discretionary. The Employer may make a matching contribution contributions equal to an amount discretionary percentage, to be determined by the Employer, of each the Participant's Elective Deferrals. The Employer retains discretion overSuch discretion will only pertain to the amount of the contribution. The Employer must select over the discretionary matching Contribution rate or amount, the limit(s) on Elective Deferrals or Employee Contributions subject to match, the per Participant match allocation limit(s), the Participants who will receive the allocation, and the time period applicable to any matching formula(s) (collectively, the "matching formula"), except as the Employer otherwise elects in its Adoption Agreement. a. [ ] Discretionary based on busin ess units or location. The Employer may determine a separate discretionary matching contribution for Participants working in different business units or locations. 2. [ ] Fixed - uniform rate/amount. The Employer will make matching contributions equal to % (e.g., 50) of the Participant's Elective Deferrals, plus (select a. or leave blank if not applicable): a. [ ] an additional matching contribution of a discretionary percentage determined by the Employer, 1. [ ] but not to exceed % of Compensation (leave blank if not applicable) 4/2/2020) 3. [ ] the percentage or dollar amount specified below (select one or both) a. [ ] % of a Participant's Compensation. b. [ ] $ . 4. [ ] a discretionary percentage of a Participant's Compensation or a discretionary dollar amount, the percentage or dollar amount to be determined by the Employer on a uniform basis for all Participants. b. [ ] Discretionary - tiered. The Employer may make matching contributions equal to a discretionary percentage of a Participant's Elective Deferrals, to be determined by the Employer, of each tier, to be determined by the Employer. The tiers may be based on the rate of a Participant's Elective Deferrals or Years of Service.