Excess Matching Contribution definition

Excess Matching Contribution means the amount by which Matching Contributions for a Plan Year made by or on behalf of Highly Compensated Employees exceed the limitations of Subsection 6.02, as determined in accordance with Treasury Regulation Section 1.401(m)-2(b).
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Excess Matching Contribution means the amount credited to the Participant under Section 4.4.
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Examples of Excess Matching Contribution in a sentence

  • The amount of any and all such reductions for each Highly Compensated Employee for whom a reduction is made (the "Excess Matching Contribution"), adjusted for earnings or losses, shall be distributed to each such Highly Compensated Employee in accordance with (3) above.

  • The investment gain or loss with respect to a Participant’s Excess Deferral Account, Excess Matching Contribution Account, Excess Nonelective Contribution Account and Discretionary Contribution Account shall continue to be determined in the manner selected by the Participant pursuant to Section 6.1 until a new designation is filed with the Plan Administrator or its delegate.

  • The Employer may, in its sole discretion, credit to a Participant’s Excess Matching Contribution Account an Excess Matching Contribution Credit in an amount equal to a percentage of the Participant’s elective deferrals to the Qualified Plan (to the extent not already matched in the Qualified Plan) and the Participant’s Excess Deferral Credits to the extent that the sum of such elective deferrals and Excess Deferral Credits do not exceed a maximum percentage of the Participant’s Compensation.

  • The Plan Administrator in its sole discretion may allow a Participant to withdraw all or a portion of the Participant’s vested Excess Deferral Account, Excess Matching Contribution Account, Excess Nonelective Contribution Account and/or Discretionary Contribution Account in the event of an Unforeseeable Financial Emergency.

  • A Participant shall be 100% vested in his or her Excess Matching Contribution Account at all times.

  • A Participant may direct that the amounts credited to his or her Excess Deferral Account, Excess Matching Contribution Account, Excess Nonelective Contribution Account and Discretionary Contribution Account be adjusted for investment gains and losses as if such balances were invested in one or more of the investment options available to Participants, which shall be made available in the discretion of the Compensation Committee.

Related to Excess Matching Contribution

  • Matching Contribution means an Employer contribution made to this or any other defined contribution plan on behalf of a Participant on account of an Employee Contribution made by such Participant, or on account of a Participant's Elective Deferral, under a plan maintained by the Employer.

  • Matching Contributions means local cash and/or in-kind contributions made by the Subrecipient, subcontractor, or other local resources that qualify as match for the Contract funding.

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee’s account under any plan of an Employer or a Related Company solely on account of “elective contributions” made on his behalf or “employee contributions” made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • Matching Contribution Account means the portion of a Participant’s Account attributable to Matching Contributions and Earnings thereon.

  • Qualified Matching Contributions means any Participating Employer Contributions to this Plan on behalf of Eligible Employees, provided that amounts attributable to such contributions are not distributable merely on account of the Employee’s hardship and are immediately vested.