Matching Contributions definition
Examples of Matching Contributions in a sentence
Vesting or Employer Contributions 25 (i) Employer Matching Contributions: All Association employees with 26 two (2) or more years of vesting service, as defined in the American 27 401(k) Plan, shall be one hundred percent (100%) vested in their 28 Employer Matching Contributions.
Provided, however, that all 29 Association represented employees who are on the American 30 Airlines System Seniority List as of March 26, 2020 and who are not 31 vested in their Employer Matching Contributions as of March 26, 32 2020 shall have all prior service with the Company and/or AAG 33 recognized for purposes of determining vesting for post March 26, 34 2020 Employer Matching Contributions to the American 401(k) Plan.
All Association represented 44 employees must satisfy the one (1) year service requirement, as 1 defined in the American 401(k) Plan, to be eligible to receive 2 Employer Matching Contributions in the American 401(k) Plan.