Matching Percentage means the percentage designated from time to time by each Participating Agency on an MAC Credit Addendum for purposes of determining the Matching Credits to be posted pursuant to Section 4.1 to a Participant’s MAC Account by the Administrator on behalf of the Sponsoring Company; provided, however, that the Matching Percentage is established initially at one hundred percent (100%).
Matching Percentage means the percentage applied to contributions to the plan for determination of match contributions as determined by the Board of Directors each plan year. Notwithstanding the foregoing, the Board of Directors has the discretion to modify the matching percentage each year.
Matching Percentage means the matching contribution percentage in effect for a specific Plan Year under the Thrift Plan.
Examples of Matching Percentage in a sentence
Lesser of: Excess Salary times Savings Plan Election times Savings Plan Matching Percentage; or Amount of monthly deferred Salary.
For purposes of applying this multiple use limit, the Actual Matching Percentage and the Actual Deferral Percentage shall be determined after any required distributions of excess contributions and deferrals under Sections 4.5(c), 5.2(c), and 5.3, and any recharacterizations of excess contributions under Section 5.2(c)(3).
The total Matching Amounts under this Plan on behalf of a Participant for each Plan Year shall not exceed (i) the Matching Percentage of the Compensation deferred by a Participant under Section 4.1, up to a maximum of 7% of Compensation, less (ii) the Employer matching contributions allocated to the Participant under the Savings Plan for such Plan Year.
In this way, the flow behaviour prior and after mixing may be studied so that the flow behaviour within anaerobic digesters may be simulated.
A Participant who is an Eligible Employee for purposes of this Section 6.3 for any Plan Year shall receive Company Credits for such Plan Year in an amount equal to the Participant’s Maximum Matching Percentage for such Plan Year multiplied by the Participant’s Compensation in excess of the annual dollar limitation set forth in Section 401(a)(17) of the Code for such Plan Year.
More Definitions of Matching Percentage
Matching Percentage means, for any Plan Year, the percentage determined by dividing a Participant's Matching Limit by the Participant's Projected SRP Deferral.
Matching Percentage means the percentage designated from time to time by each Participating Agency on a Total Credit Addendum for purposes of determining the Matching Credits to be posted pursuant to Section 9.1 to a Participant’s Matching Account by the Administrator on behalf of HealthMarkets; provided, however, that the Matching Percentage is established initially at one hundred percent (100%). Notwithstanding the foregoing, subject to the last sentence of this Section 1.40, the Matching Percentage shall be increased and shall be equal to two hundred percent (200%) with respect to such eligible Participant’s Matching Credits posted during the period beginning on the Effective Date and ending on December 31, 2010 (the “New Horizon Period”) for any Agent Participant contracted as of December 31, 2009 so long as: (i) the Participant has completed in a timely manner any New Horizon enrollment form(s) required by the Administrator and (ii) the Participant does not request during the New Horizon Period a partial withdrawal under Section 11.2 (other than a partial withdrawal under Section 11.2(a)(3)), a complete withdrawal under Section 11.3 (other than a complete withdrawal under Section 11.3(b) as a result of death or Disability) or a special distribution and withdrawal under Section 11.5 (other than a special distribution and withdrawal under Section 11.5(a) as of the Initial Dream Team I Withdrawal Date, but not in any period succeeding the Initial Dream Team I Withdrawal Date). The additional one hundred percent (100%) added to the Matching Percentage during the New Horizon Period, together with the additional $1,000 added to the maximum monthly Matching Credit during the New Horizon Period as described in the first sentence of Section 9.1, shall be referred to herein as the “New Horizon Enhancement.” The New Horizon Enhancement shall apply only during the period of the Agent Participant’s enrollment in New Horizon and shall apply solely to first year commissions and/or compensation and not to renewal commissions and/or compensation.
Matching Percentage means the percentage determined and established by the Committee for each Eligible Employee and used for purposes of calculating the number of Matching Units to be credited to the Account of the Eligible Employee, which percentage: (a) with respect to the amount of any Annual Base Salary Deferral of an Eligible Employee, shall be an amount which is up to fifty percent (50%) of the amount of such Eligible Employee’s Annual Base Salary Deferral; and (b) with respect to the amount of any Annual Bonus Deferral of an Eligible Employee, shall be an amount which is: (i) up to one hundred percent (100%) for the first fifty percent (50%) of the amount of the such Eligible Employee’s Annual Bonus Deferral; and (ii) up to fifty percent (50%) for the second fifty percent (50%) of the amount of the Eligible Employee’s Annual Bonus Deferral. The amount of an Eligible Employee’s Matching Percentage will be specified in the Deferred Compensation Election Form which the Eligible Employee is required to execute and deliver in connection with his deferral of any portion of his Base Salary and/or Bonus.
Matching Percentage means the rate at which Eligible Salary shall be matched by the Company under the terms of the Plan. With respect to each Plan Year, the Matching Percentage shall equal the rate at which the Company makes basic Matching Contributions (as defined in the Genuity Inc. Savings Plan) under the Genuity Inc. Savings Plan with respect to that Plan Year.
Matching Percentage means the matching percentage(s) that apply under the 401(k) Plan to determine the amount of matching contributions to be made with respect to before-tax contributions made by participants.
Matching Percentage means the percentage of a Participant's elective deferrals to the 401(k) Plan (to the extent such elective deferrals are not in excess of the Minimum Percentage of the Participant's compensation) which the Bank, the Corporation or a Participating Affiliate has agreed to contribute to the 401(k) Plan on behalf of the Participant as matching contributions.
Matching Percentage means the rate at which the Company matches each Participant's Compensation Deferral Percentage.