Definition of Active Employer Contribution Participant


Active Employer Contribution Participant means an Active Participant who has met the eligibility requirements set forth in Section 1.1 for Matching Contributions and Regular Employer Contributions.

Examples of Active Employer Contribution Participant in a sentence

An Active Employer Contribution Participant shall be eligible to receive a Regular Employer Contribution for a month provided that he is credited with at least 1,000 Hours of Service during the 12-month period ending on the last day of a preceding month.
The Company shall make Matching Contributions (“Matching Contributions”) in accordance with Section 8.2 for the benefit of an Active Employer Contribution Participant who makes 401(k) Contributions.
As a result, a minimum allocation equal to the difference between (a) the allocation of Regular Employer Contributions made for the benefit of each Active Employer Contribution Participant who has met the eligibility requirements set forth in the preceding paragraph; and (b) 3% of such eligible Active Participant’s Compensation earned during the Plan Year (excluding Compensation earned prior to becoming an Active Employer Contribution Participant) shall be made to the Plan’s Trust.