Matching Credits definition

Matching Credits means the matching credits allocated to a Participant in accordance with Section 3.3 (Matching Credits).

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Matching Credits means amounts credited to the Account of a Member pursuant to Section 5.05.

Matching Credits means amounts credited to a Participant’s Plan Account pursuant to Section IV.D.1.

Examples of Matching Credits in a sentence

For any Taxable Year in which Compensation Deferrals, Matching Credits and/or Discretionary Credits are made to or vested within the Plan (as applicable), the Plan Sponsor shall withhold the Participant’s share of income, FICA and other employment taxes from the portion of the Participant’s Compensation not deferred.
Upon a Plan Termination in Connection with the Termination of Certain Similar Arrangements, no further Employer Discretionary Credits or Employer Matching Credits shall be made, and no further Compensation Deferrals shall be made after the Taxable Year in which the Plan Termination in Connection with the Termination of Certain Similar Arrangements occurs.
The Participant shall vest in Matching Credits and/or Discretionary Credits, as well as in any hypothetical appreciation (or depreciation) specifically attributable to such amounts due to Investment Credits and Debits, pursuant to the vesting schedule shown below.
No further Discretionary Credits or Matching Credits shall be made following Plan Termination, and no further Compensation Deferrals shall be permitted after the Taxable Year in which the Plan Termination occurs, except that the Plan Sponsor shall be responsible to pay any benefit attributable to vested amounts credited to the Participant’s Account as of the effective date of termination (following any adjustments to such Accounts in accordance with Article III hereof).
The amount of the Discretionary Credits and/or Matching Credits and the formula(s) for allocating such credits will be selected by the Plan Sponsor in the Adoption Agreement.

More Definitions of Matching Credits

Matching Credits means the amount credited to a Participant’s account as a Company matching contribution pursuant to Section 4.2.

Matching Credits means the Matching Credits allocated to a Participant’s Matching Credit Account in accordance with Section 3.3(a) (Matching and Standard Credits – Matching Credit).

Matching Credits means the amounts credited to a Participant's

Matching Credits means the amounts credited to a Participant's Supplementary Savings Account as of the last day of each calendar month pursuant to Section 4.1(b) representing Company Matching Contributions that would have been made to the Savings Plan on Participant's behalf if the Participant's participation in the Savings Plan were not limited.

Matching Credits means the various matching amounts described in Section 5.2, consisting of his Base and Additional Matching Credits thereunder.

Matching Credits means the amounts credited to a Participant’s Deferred Compensation Account as of the last day of each pay period, or as soon as administratively feasible thereafter, pursuant to Section 4.1(b) representing Company Matching Contributions that would have been made to the Savings Plan on a Participant’s behalf if the Participant’s participation in the Savings Plan were not limited.

Matching Credits means the amount credited to a Participant’s Account pursuant to Section 4.3.