QUALIFIED MATCH Sample Clauses

The QUALIFIED MATCH clause defines the conditions under which a party’s obligations or rights are triggered only if certain specific criteria are met. In practice, this clause might require that a party’s performance is contingent upon the occurrence of a particular event, the satisfaction of a standard, or the approval of a third party. By setting these qualifications, the clause ensures that parties are only bound when agreed-upon benchmarks are achieved, thereby reducing uncertainty and protecting against premature or unwarranted obligations.
QUALIFIED MATCH. Employer Matching Contributions will be treated as Qualified Matching Contributions to the extent specified below:
View SourceView Similar (10)
QUALIFIED MATCH. The Matching Contribution will be treated as a Qualified Matching Contribution (QMAC).
View Source
QUALIFIED MATCH. (Must be selected if Matching Contributions are to be tested in the ADP Test for a non-401(k) Safe Harbor Plan or non-QACA Safe Harbor Plan.) Matching Contributions are Qualified Matching Contributions.
View Source

Related to QUALIFIED MATCH

  • Safe Harbor The recipient government will then compare the reporting year’s actual tax revenue to the baseline. If actual tax revenue is greater than the baseline, Treasury will deem the recipient government not to have any recognized net reduction for the reporting year, and therefore to be in a safe harbor and outside the ambit of the offset provision. This approach is consistent with the ARPA, which contemplates recoupment of Fiscal Recovery Funds only in the event that such funds are used to offset a reduction in net tax revenue. If net tax revenue has not been reduced, this provision does not apply. In the event that actual tax revenue is above the baseline, the organic revenue growth that has occurred, plus any other revenue-raising changes, by definition must have been enough to offset the in-year costs of the covered changes.

  • Contribution Formula - Basic Life Coverage For employee basic life coverage and accidental death and dismemberment coverage, the Employer contributes one-hundred (100) percent of the cost.

  • Company Contributions 32.1.1 The Company will make contributions on the Employee’s behalf to a complying superannuation fund which meets the Company’s statutory obligations under applicable superannuation legislation. 32.1.2 To avoid doubt, for an Employee working a roster with rostered overtime, the Company is only required to pay superannuation on the Ordinary Time Earnings component of the Annualised Wage.

  • Qualified Joint and Survivor Annuity Unless an optional form of benefit is selected pursuant to a qualified election within the 90-day period ending on the annuity starting date, a married Participant's Vested account balance will be paid in the form of a qualified joint and survivor annuity and an unmarried Participant's Vested account balance will be paid in the form of a life annuity. The Participant may elect to have such annuity distributed upon attainment of the earliest retirement age under the Plan.

  • 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.