Common use of Uniform Dollar Match Clause in Contracts

Uniform Dollar Match. The Employer shall contribute to each eligible Participant’s account $ if the Participant at contributes least % or $ of Compensation. The Employer’s contribution will be made up to a maximum of % of Compensation. 16 §401(k) Plan AA #010 j. Discretionary Match: The Employer’s Matching Contribution shall be determined by the Employer with respect to each Plan Year. The Matching Contribution shall be contributed to each eligible Participant in accordance with the nondiscriminatory formula determined by the Employer.

Appears in 1 contract

Sources: Nonstandardized Adoption Agreement (Legacy Bancorp, Inc.)

Uniform Dollar Match. The Employer shall contribute to each eligible Participant’s account $ $________ if the Participant at contributes least % or $ of Compensation. The Employer’s contribution will be made up to a maximum of % of Compensation. 16 §401(k) Plan AA #010 j. Discretionary Match: The Employer’s Matching Contribution shall be determined by the Employer with respect to each Plan Year. The Matching Contribution shall be contributed to each eligible Participant in accordance with the nondiscriminatory formula determined by the Employer.

Appears in 1 contract

Sources: Defined Contribution Plan (FNB United Corp.)