Discretionary Matching Contributions definition

Discretionary Matching Contributions means the contributions made by an Employer to the Trust Fund on behalf of a Participant subject to the conditions and limitations described in Plan section 4.3(b).
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Discretionary Matching Contributions means the contributions made by an Employer pursuant to Section 4.3(b) as an additional match to a Participant’s Elective Contributions.
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Discretionary Matching Contributions means (i) Discretionary Matching Contributions made to this Plan for a Participant pursuant to Section 3.3(a) and (ii) matching contributions made for the Participant pursuant to the Superseded Plan prior to September 1, 1998.
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Examples of Discretionary Matching Contributions in a sentence

  • If this Plan is also utilizing a Safe Harbor Contribution, pursuant to Section VII of this Adoption Agreement, Discretionary Matching Contributions may not exceed 4% of Compensation.

  • The Participant’s Account shall reflect all Elective Deferrals, Matching Contributions and Discretionary Matching Contributions made for the Participant’s benefit together with any adjustments for income, gain or loss and any payments from the Account.

  • If the largest contribution on behalf of a key employee for such year, taking into account only Elective Contributions, Qualified Nonelective Contributions, Basic Matching Contributions, and Discretionary Matching Contributions (including forfeitures applied against any such Employer Contributions), is equal to less than 3% of the key employee's Compensation, such lesser percentage shall be the minimum contribution percentage for Participants who are not key employees.

  • Any Basic Matching Contributions, Discretionary Matching Contributions or Qualified Nonelective Contributions for a Plan Year will be contributed to the Trust at such time as the Employer determines, but in any event no later than the time prescribed by law (including extensions) for filing the Employer's federal income tax return for its taxable year in or with which the Plan Year ends.

  • In addition to its Regular Matching Contribution, each Employer may make an Additional Discretionary Matching Contribution to the Plan for each Contribution Period on behalf of each of its Eligible Employees who has met the allocation requirements for Additional Discretionary Matching Contributions described in this Article.

  • The Administrator will establish and maintain (or cause the Trustee to establish and maintain) for each Participant, as necessary, an Elective Contribution Account (also known as the "Salary Reduction Account"), Employer Account (for Basic Matching Contributions and Discretionary Matching Contributions), Participant Account, Rollover Account, ESOP Transfer Account, and such other accounts and subaccounts as the Administrator or the Trustees, as the case may be, in their discretion deem appropriate.

  • The minimum contribution with respect to any Participant who is not a key employee for the particular year will be offset by any Discretionary Matching Contributions and any Qualified Nonelective Contributions (including forfeitures applied against Discretionary Matching Contributions), but not any other type of contribution, otherwise made for the Participant's benefit for such year.

  • To the extent the Employer makes Discretionary Matching Contributions, the Plan Administrator will allocate the Discretionary Matching Contributions to the Account of each Participant entitled to the match under the Employer's discretionary matching allocation formula and who satisfies the allocation conditions for Discretionary Matching Contributions, if any, the Employer elects in its Adoption Agreement.

  • In addition, Qualified Nonelective Contributions, Basic Matching Contributions, and Discretionary Matching Contributions for a Plan Year must be made no later that the last day of the 12-month period immediately following the Plan Year.

  • The Contribution Period for Additional Discretionary Matching Contributions is each Plan Year.


More Definitions of Discretionary Matching Contributions

Discretionary Matching Contributions means any discretionary contributions that may made by the Company to the Plan on behalf of a Participant with respect to the Participant’s Elective Deferrals pursuant to Section 5.1 of the Plan.
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Discretionary Matching Contributions means the contributions made by the Participating Employers to the Trust from time to time in the discretion of the Committee with respect to Participants' Before-Tax and After-Tax Contributions in accordance with the provisions of Section 3.4(b).
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Discretionary Matching Contributions means the contributions made by an Employer to the Trust Fund on behalf of a Participant subject to the conditions and Employer discretion as described in section 4.3(b).
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Discretionary Matching Contributions means the contributions made by the Company pursuant to Section 3.1(a)(v) (Discretionary Matching Contributions) which are based on the Participant's Elective Deferrals.
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Related to Discretionary Matching Contributions

  • Matching Contributions means local cash and/or in-kind contributions made by the Subrecipient, subcontractor, or other local resources that qualify as match for the Contract funding.

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • Rollover Contributions means, for any Participant, his rollover contributions as provided in Section 7.1.