Proportionate Compensation Match Clause Samples
The Proportionate Compensation Match clause ensures that compensation or payment is adjusted in direct proportion to a specific metric, such as the amount of work completed or the level of performance achieved. For example, if a contractor only completes 60% of a project, they would receive 60% of the agreed payment, or if a service is only partially delivered, compensation is matched to the portion provided. This clause's core function is to fairly allocate payment based on actual performance or delivery, preventing overpayment and aligning incentives between parties.
Proportionate Compensation Match. The Employer shall contribute to each eligible Participant who defers at least ________% of Compensation, an amount determined by multiplying such Employer Matching Contribution by a fraction, the numerator of which is the Participant's Compensation and the denominator of which is the Compensation of all Participants eligible to receive such an allocation. The Employer's contribution will be made up to the [ ] greater of [ ] lesser of _________% of Compensation, or $__________.
Proportionate Compensation Match. The Employer shall contribute to each eligible Participant who defers at least % of Compensation, an amount determined by multiplying such Employer Matching Contribution by a fraction, the numerator of which is the Participant’s Compensation and the denominator of which is the Compensation of all Participants eligible to receive such an allocation. The Employer’s contribution will be made up to the [ ] greater of [ ] lesser of % of Compensation, or $ .
Proportionate Compensation Match. The Employer shall contribute to each eligible Participant who defers at least ________% (may be no more than 100%) of Compensation, an amount determined by multiplying such Employer Matching Contribution by a fraction, the numerator of which is the Participant's Compensation and the denominator of which is the Compensation of all Participants eligible to receive such an allocation. The Employer’s contribution will be made up to the [ ] greater of (may be no more than 500%) [ ] lesser of (may be no less than 1%) _________% of Compensation or $__________ (no more than the Annual Addition limit for the Plan Year).
Proportionate Compensation Match. The Employer shall contribute to each eligible Participant who defers at least % (may be no more than 100%) of Compensation, an amount determined by multiplying such Employer Matching Contribution by a fraction, the numerator of which is the Participant’s Compensation and the denominator of which is the Compensation of all Participants eligible to receive such an allocation. The Employer’s contribution will be made up to the o greater of (may be no more than 500%) o lesser of (may be no less than 1%) % of Compensation or $ (no more than the Annual Addition limit for the Plan Year).
Proportionate Compensation Match. The Employer shall contribute to each eligible Participant who defers at least ________% of Compensation, an amount determined by multiplying such Employer Matching Contribution by a fraction, the numerator of which is the Participant's Compensation and the denominator of which is the Compensation of all Participants eligible to receive such an allocation. The Employer's contribution will be made up to the [ ] greater of [ ] lesser of _________% of Compensation, or $__________. VOLUNTARY AFTER-TAX MATCHING CONTRIBUTION FORMULAS: --------------------------------------------------
Proportionate Compensation Match. The Employer shall contribute to each eligible Participant who defers at least % (may be no more than 100%) of Compensation, an amount determined by multiplying such Employer Matching Contribution by a fraction, The Employer's contribution will be made up to the greater of (may be no more than 500%) lesser of (may be no less than 1%) %of Compensation or$ (no more than the Annual Addition limit for the Plan Year).