Catch-Up Contributions. The Employer elects to match Catch-Up Contributions under the same formula or formulas as elected above. In the event that an Excess Contribution is recharacterized as a Catch-up Contribution, any Matching Contribution made thereon may remain in the Plan if the Matching Contribution Formula is not otherwise exceeded.
Appears in 9 contracts
Samples: Nonstandardized Adoption Agreement (First Northwest Bancorp), Prototype Defined Contribution Plan (Savannah Bancorp Inc), Nonstandardized Adoption Agreement (Connecticut Water Service Inc / Ct)
Catch-Up Contributions. The Employer elects to match Catch-Up Contributions under the same formula or formulas as elected above. In the event that an Excess Contribution is recharacterized as a Catch-up Contribution, any Matching Contribution made thereon may remain in the Plan if the Matching Contribution Formula is not otherwise exceeded.. Additional Matching Contribution Formulas for Voluntary After-tax Contributions:
Appears in 2 contracts
Samples: Nonstandardized Adoption Agreement (BBCN Bancorp Inc), Nonstandardized Adoption Agreement (1st Constitution Bancorp)
