Common use of PERCENTAGE MATCH Clause in Contracts

PERCENTAGE MATCH. The Employer shall contribute and allocate to each eligible Participant's account an amount equal to _____% of the amount contributed and allocated in accordance with paragraph 7(b) above and (if checked) % of [ ] the amount of Voluntary Contributions made in accordance with paragraph 4.1 of the Basic Plan Document #04. The Employer shall not match Participant Elective Deferrals as provided above in excess of $ or in excess of % of the Participant's Compensation or if applicable, Voluntary Contributions in excess of $ or in excess of % of the Participant's Compensation. In no event will the match on both Elective Deferrals and Voluntary Contributions exceed a combined amount of $ or %.

Appears in 1 contract

Samples: Standardized Adoption Agreement (Century Bancorp Inc)

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PERCENTAGE MATCH. The Employer shall contribute and allocate to each eligible Participant's account an amount equal to _____% of the amount contributed and allocated in accordance with paragraph 7(b) above and (if checked) % of [ ] the amount of Voluntary Contributions made in accordance with paragraph 4.1 of the Basic Plan Document #0401. The Employer shall not match Participant Elective Deferrals as provided above in excess of $ or in excess of % of the Participant's Compensation or if applicable, Voluntary Contributions in excess of $ or in excess of % of the Participant's Compensation. In no event will the match on both Elective Deferrals and Voluntary Contributions exceed a combined amount of $ or %.

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (Telecommunication Systems Inc /Fa/)

PERCENTAGE MATCH. The Employer shall contribute and allocate to each eligible Participant's account an amount equal to _____% 50*% of the amount contributed and allocated in accordance with paragraph 7(b) above and (if checked) % of [ ] the amount of Voluntary Contributions made in accordance with paragraph 4.1 of the Basic Plan Document #04R1. The Employer shall not match Participant Elective Deferrals as provided above in excess of $ or in excess of % 6*% of the Participant's Compensation or if applicable, Voluntary Contributions in excess of $ or in excess of % of the Participant's Compensation. In no event will the match on both Elective Deferrals and Voluntary Contributions exceed a combined amount of $ or %.

Appears in 1 contract

Samples: Adoption Agreement (Franklin Financial Corp /Tn/)

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PERCENTAGE MATCH. The Employer shall contribute and allocate to each eligible Participant's account an amount equal to _____50% of the amount contributed and allocated in accordance with paragraph 7(b) above and (if checked) ___% of [ ] the amount of Voluntary Contributions made in accordance with paragraph 4.1 of the Basic Plan Document #04. The Employer shall not match Participant Elective Deferrals as provided above in excess of $ $____ or in excess of 3% of the Participant's Compensation or if applicable, Voluntary Contributions in excess of $ $____ or in excess of ____% of the Participant's Compensation. In no event will the match on both Elective Deferrals and Voluntary Contributions exceed a combined amount of $ $____ or ____%.

Appears in 1 contract

Samples: Adoption Agreement (Peoples Sidney Financial Corp)

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