Tiered Match Sample Clauses

Tiered Match. The Employer shall contribute and allocate to each Participant's account an amount equal to ____% of the first ____% of the Participant's Compensation, to the extent deferred. ____% of the next ____% of the Participant's Compensation, to the extent deferred. ____% of the next ____% of the Participant's Compensation, to the extent deferred.
Sample 1Sample 2See All (13)
AutoNDA by SimpleDocs
Tiered Match. The Employer shall contribute to each eligible Participant's account an amount equal to: ________% of the first ________% (no more than 500%) of the Participant's Compensation contributed, and ________% of the next ________% (no more than 400%) of the Participant's Compensation contributed, and ________% of the next ________% (no more than 300%) of the Participant's Compensation contributed. The Employer’s contribution will be made up to the [ ] greater of (may be no more than 500%) [ ] lesser of (may be no less than 1%) _________% of Compensation, or $__________ (no more than the Annual Addition limit for the Plan Year). The percentages specified above may not increase as the rate of Elective Deferrals or Employee Contributions increase. This formula must meet Code Section 401(a)(4) and the ACP Test.
Sample 1Sample 2Sample 3See All (6)
Tiered Match. The Employer shall contribute to each eligible Participant's account an amount equal to: % of the first % of the Participant's Compensation contributed, and % of the next % of the Participant's Compensation contributed, and % of the next % of the Participant's Compensation contributed. The Employer’s contribution will be made up to the Compensation, or $ . greater of lesser of % of The percentages specified above may not increase as the percentage of Participant's contribution increases.
Sample 1Sample 2See All (5)
Tiered Match. The Employer shall contribute to each eligible Participant’s account an amount equal to: % (no more than 500%) of the first % of the Participant’s Compensation contributed, and % (no more than 400%) of the next % of the Participant’s Compensation contributed, and % (no more than 300%) of the next % of the Participant’s Compensation contributed. The Employer’s contribution will be made up to the o greater of (may be no more than 500%) o lesser of (may be no less than 1%) % of Compensation, or $ (no more than the Annual Addition limit for the Plan Year). The percentages specified above may not increase as the rate of Elective Deferrals or Employee Contributions increase. This formula must meet Code Section 401(a)(4) and the ACP Test.
Sample 1Sample 2See All (4)
Tiered Match. The Employer shall contribute to each eligible Participant's account an amount equal to: ________% of the first ________% of the Participant's Compensation contributed, and ________% of the next ________% of the Participant's Compensation contributed, and ________% of the next ________% of the Participant's Compensation contributed. The Employer's contribution will be made up to the [ ] greater of [ ] lesser of _________% of Compensation, or $__________. THE PERCENTAGES SPECIFIED ABOVE MAY NOT INCREASE AS THE PERCENTAGE OF PARTICIPANT'S CONTRIBUTION INCREASES.
Sample 1Sample 2
Tiered Match. The Employer shall contribute to each eligible Participant's account an amount equal to: ________% of the first ________% of the Participant's Compensation contributed, and ________% of the next ________% of the Participant's Compensation contributed, and ________% of the next ________% of the Participant's Compensation contributed. The Employer’s contribution will be made up to the [ ] greater of [ ] lesser of _________% of Compensation, or $__________. The percentages specified above may not increase as the percentage of Participant's contribution increases.
Sample 1

Related to Tiered Match

  • Qualified Matching Contributions If selected below, the Employer may make Qualified Matching Contributions for each Plan Year (select all those applicable):

  • DEFERRAL CONTRIBUTIONS The Advisory Committee will allocate to each Participant's Deferral Contributions Account the amount of Deferral Contributions the Employer makes to the Trust on behalf of the Participant. The Advisory Committee will make this allocation as of the last day of each Plan Year unless, in Adoption Agreement Section 3.04, the Employer elects more frequent allocation dates for salary reduction contributions.

  • ANNUITY PAYMENT OPTIONS a. Life Annuity / Life Annuity with Certain Period -- Fixed and/or Variable Annuity Payments will be made for the lifetime of the Annuitant with no Certain Period, or life and a 10 year Certain Period, or life and a 20 year Certain Period.

  • Simple Interest Method All payments with respect to the Receivables have been allocated consistently in accordance with the Simple Interest Method.

  • Allocation Method The Plan Administrator will allocate a Plan-Designated QNEC using the following method (Choose one of a., b., c., or d.):

  • Fixed Annuity Payments The minimum guaranteed income purchased per $1,000 of the net amount applied to a fixed annuity is based on an annual interest rate of 3% and the 1983a Mortality Table with the ages set back ten (10) years. Conversion to Current Rates – Annuity payments will be based on the greater of: • our current income factors in effect for this Contract on the Annuity Date; or • our guaranteed income factors. The dollar amount of any payments after the first annuity payment is specified during the annuity payment period according to the provisions of the elected Annuity Option.

  • Earnings Credits The Fund shall receive a credit for each calendar month against such compensation and fees of the Custodian as may be payable by the Fund in an amount equal to the aggregate of its Earnings Credit for such calendar month. In no event may such credit be transferred to, or utilized by, any other person or entity, except to the extent permitted by law, and then only to or by The Dreyfus Corporation, its affiliates and/or any investment company now or in the future for which The Dreyfus Corporation or any of its affiliates acts as the investment adviser or administrator (each, a “Permitted Transferee”). The credit shall be applied as follows and only in the specified order:

  • Fixed Annuity 10 1.16 Fund(s) ........................................................... 10 1.17

  • PREMIUM PAYMENT METHOD The Bank shall pay an amount equal to the planned premiums and any other premium payments that might become necessary to keep the policy in force.

Time is Money Join Law Insider Premium to draft better contracts faster.