Taxed Contributions means employee voluntary after-tax contributions made to the Plan by a Participant as provided in Section 3.3 and which are not designated as Roth 401(k) Contributions under Section 3.8.
In no event will any Tax Deferred Contributions, Roth 401(k) Contributions or Taxed Contributions be matched at greater than a 100% rate.
The Monarch Retirement Contribution shall be allocated to each such eligible Monarch Active Participant in accordance with the provisions of Section 5.6, regardless of whether such Participant makes Tax Deferred Contributions or Taxed Contributions under the Plan.
Alternatively, prior to March 1, 2001, such Participants (or Beneficiaries) may (i) transfer that portion of their Arch Common Stock Fund balances that are attributable to their Tax Deferred Contributions and Taxed Contributions to any other Fund or Funds permitted from time to time under the Plan other than the Arch Common Stock Fund (or the Fund under the Plan that was invested primarily in Primex Technologies, Inc.
Participant may elect to completely suspend such contributions or to change the percentage of his Taxed Contributions; provided, however, that such suspension or change will not take effect until the Active Participant's next pay period following the recordkeeper's receipt of such instruction.
In the event that a Participant's matched Tax Deferred Contributions, Roth 401(k) Contributions or Taxed Contributions are distributed or returned to the Participant pursuant to Sections 3.1, 3.2, 3.5 or 3.7, an amount equal to the Current Market Value of the related Performance Matching Contribution (and earnings thereon) shall be forfeited by such Participant.