Safe Harbor Matching Contribution. See Section 3.05(E)(3).
Safe Harbor Matching Contribution. The Employer will make an Employer Matching Contribution with respect to an Eligible Participant’s Section 401(k) Deferrals and/or Employee After-Tax Contributions (“applicable contributions”) under the following formula: [Complete selection a. or b. In addition, complete selection c. Selection d. may be checked in addition to a. or b. and c.] [ ] a. Basic formula: 100% of applicable contributions up to the first 3% of Included Compensation, plus 50% of applicable contributions up to the next 2% of Included Compensation. [ ] b. Enhanced formula: [ ] (1) ___% (not less than 100%) of applicable contributions up to ___% of Included Compensation (not less than 4% and not more than 6%).
Safe Harbor Matching Contribution. (1) Safe Harbor Matching Contribution formula. □ (i) Basic match: 100% of Salary Deferrals up to the first 3% of Plan Compensation, plus 50% of Salary Deferrals up to the next 2% of Plan Compensation. □ (ii) Enhanced match: % (not less than 100%) of Salary Deferrals up to % (not less than 4% and not more than 6%) of Plan Compensation. □ (iii) Tiered match: % of Salary Deferrals up to the first % of Plan Compensation, □ (A) plus % of Salary Deferrals up to the next % of Plan Compensation, □ (B) plus % of Salary Deferrals up to the next % of Plan Compensation. [Note: The tiered match may not provide for a greater level of match at higher levels of Salary Deferrals and the total amount of Salary Deferrals eligible for a match may not exceed 6% of Plan Compensation. The tiered match must provide a matching contribution that is at least equivalent at all deferral levels to the basic match described in subsection (i).]
Safe Harbor Matching Contribution. The Employer may elect under Part 4E, #27 of the Agreement to make the Safe Harbor Matching Contribution with respect to each Eligible Participant’s applicable contributions. For this purpose, an Eligible Participant’s applicable contributions are the total Section 401(k) Deferrals and Employee After-Tax Contributions the Eligible Participant makes under the Plan. However, the Employer may elect under Part 4E, #27.d. to exclude Employee After-Tax Contributions from the definition of applicable contributions for purposes of applying the Safe Harbor Matching Contribution formula. The Safe Harbor Matching Contribution may be made under a basic formula or an enhanced formula. The basic formula under Part 4E, #27.a. provides an Employer Matching Contribution that equals:
Safe Harbor Matching Contribution. The Employer will make an Employer Matching Contribution with respect to an Eligible Participant’s Section 401(k) Deferrals and/or Employee After-Tax Contributions (“applicable contributions”) under the following formula: [Complete selection a. or b. In addition, complete selection c. Selection d. may be checked in addition to a. or b. and c.]
Safe Harbor Matching Contribution. The Employer will make an Employer Matching Contribution with respect to an Eligible Participant's Section 401(k) Deferrals and/or Employee After-Tax Contributions ("applicable contributions") under the following formula: [Complete selection a. or b. In addition, complete selection c. Selection d. may be checked in addition to a. or b. and c.] [ ] a. BASIC FORMULA: 100% of applicable contributions up to the first 3% of Included Compensation, plus 50% of applicable contributions up to the next 2% of Included Compensation.
Safe Harbor Matching Contribution. 100% of Elective Deferrals up to 1% of Compensation plus 50% of Elective Deferrals between 1% and 6% of Compensation.
Safe Harbor Matching Contribution. (1) QACA Safe Harbor Matching Contribution formula. Commented [JG62]: QACA elections now in this AA §6C-3. (i) Basic match: 100% of Salary Deferrals up to the first 1% of Plan Compensation, plus 50% of Salary Deferrals up to the next 5% of Plan Compensation. (ii) Enhanced match: % of Salary Deferrals up to % of Plan Compensation. (iii) Tiered match: % of Salary Deferrals up to the first % of Plan Compensation, (A) plus % of Salary Deferrals up to the next % of Plan Compensation, (B) plus % of Salary Deferrals up to the next % of Plan Compensation. [Note: The enhanced match under subsection (ii) and the tiered match under subsection (iii) must provide a matching contribution that is at least equivalent at all deferral levels to the basic match described in subsection (i). If the enhanced match or tiered match applies to Salary Deferrals in excess of 6% of Plan Compensation, or if the tiered match provides for a greater level of match at higher levels of Salary Deferrals, the Matching Contribution will be subject to ACP Testing. See Section 6.04(i)(2) of the Plan.]
Safe Harbor Matching Contribution. The Employer will make an Employer Matching Contribution with respect to an Eligible Participant's Section 401(k) Deferrals under the following formula: [Complete selection a, or b. In addition, complete selection c.] oa. Basic formula: 100% of Section 401(k) Deferrals up to the first 3% of Included Compensation, plus 50% of Section 401(k) Deferrals up to the next 2% of Included Compensation.
Safe Harbor Matching Contribution. ¨ (1) Safe Harbor Matching Contribution formula. ¨ (i) Basic match: 100% of Salary Deferrals up to the first 3% of Plan Compensation, plus 50% of Salary Deferrals up to the next 2% of Plan Compensation. ¨ (ii) Enhanced match: % of Salary Deferrals up to % of Plan Compensation. ¨ (iii) Tiered match: % of Salary Deferrals up to the first % of Plan Compensation, ¨ (A) plus % of Salary Deferrals up to the next % of Plan Compensation, ¨ (B) plus % of Salary Deferrals up to the next % of Plan Compensation. [Note: The enhanced match under subsection (ii) and the tiered match under subsection (iii) must provide a matching contribution that is at least equivalent at all deferral levels to the basic match described in subsection (i). If the enhanced match or tiered match applies to Salary Deferrals in excess of 6% of Plan Compensation or if the tiered match provides for a greater level of match at higher levels of Salary Deferrals, the Matching Contribution will be subject to ACP Testing. See Section 6.04(i)(2) of the Plan.] ¨ (2) QACA Safe Harbor Matching Contribution formula. [Note: Also must select AA §6A-8.] ¨ (i) Basic match: 100% of Salary Deferrals up to the first 1% of Plan Compensation, plus 50% of Salary Deferrals up to the next 5% of Plan Compensation. ¨ (ii) Enhanced match: % of Salary Deferrals up to % of Plan Compensation. ¨ (iii) Tiered match: % of Salary Deferrals up to the first % of Plan Compensation, ¨ (A) plus % of Salary Deferrals up to the next % of Plan Compensation, ¨ (B) plus % of Salary Deferrals up to the next % of Plan Compensation. [Note: The enhanced match under subsection (ii) and the tiered match under subsection (iii) must provide a matching contribution that is at least equivalent at all deferral levels to the basic match described in subsection (i). If the enhanced match or tiered match applies to Salary Deferrals in excess of 6% of Plan Compensation or if the tiered match provides for a greater level of match at higher levels of Salary Deferrals, the Matching Contribution will be subject to ACP Testing. See Section 6.04(i)(2) of the Plan.] Exhibit 10.24 Contract No. 051104-0004-0000
