Tiered Match definition

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 1
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, and __% of the next __% of the Participant's Compensation.
Sample 1
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, and % of the --- next % of the Participant's Compensation. --- NOTE: Percentages specified in (iii) above may not increase as the percentage of Participant's contribution increases.
Sample 1

Examples of Tiered Match in a sentence

  • 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.

  • Appendix A (Mobility Manager Proposed Budget); Appendix B (Tiered Match Amounts); and Appendix C (Sedgwick County Job Description) are incorporated hereto and made part hereof as if fully set forth herein.

  • These formulas are similar and all three are allocated through two mechanisms: 1) the Base Match; and 2) the Performance Incentive Tiered Match.

  • Tiered Match: An amount equal to the sum of the following: (i) 100% of the amount such Participant's Elective Deferrals that do not exceed 3% of his or her Compensation; plus (ii) 50% of the amount of such Participant's Elective Deferrals that exceed 3% of his or her Compensation but do not exceed 5% of Compensation.

  • Prototype Cash or Deferred Profit- Sharing Plan #004 [ ] (iii) 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, __% of the next__% of the Participant's Compensation, __% of the next__% of the Participant's Compensation.

  • Determination of Xxxxxx County’s match amount shall be based upon application of both the Proposed Budget (Appendix A) and the Tiered Match Amounts (Appendix B), both of which are estimates.

  • Tiered Match)% of the first % of the Participant's Compensation contributed to the Plan, % of the next % of the Participant's Compensation contributed to the Plan,% of the next % of the Participant's Compensation contributed to the Plan.

  • This Tiered Match allocates funding in three tiers that increase on a sliding scale: Tier 1 provides a 25 percent match for any increase between $0 and $10 million; Tier 2 provides a 50 percent match for any increase between $10 and $20 million; and Tier 3 provides a 75 percent match for any increase in excess of $20 million.

  • The Tiered Match is based on the increase of the institutions’ average annual expenditures since the prior biennium, using a two-year base period.

  • The Tiered Match shall allocate funding in three tiers that increase on a sliding scale.


More Definitions of Tiered Match

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
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 1
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 1

Related to Tiered Match

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee’s account under any plan of an Employer or a Related Company solely on account of “elective contributions” made on his behalf or “employee contributions” made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Alternative Benchmark Rate means an alternative benchmark or screen rate which is customarily applied in international debt capital markets transactions for the purposes of determining floating rates of interest (or the relevant component part thereof) in the Specified Currency, provided that all determinations will be made by the Independent Adviser in its reasonable discretion.

  • Integration Level means the Social Security taxable wage base for the Plan Year, unless the Employer elects a lesser amount in (i) or (ii) below.

  • Annual Deferral Amount means that portion of a Participant's Base Annual Salary and Annual Bonus that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant's Retirement, Disability (if deferrals cease in accordance with Section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

  • Matching Contribution means Employer contributions made to this Plan or any other defined contribution plan by reason of Thrift Contributions or Elective Deferrals under this Plan.

  • Monthly Salary Rate means the amount agreed to by the Owner that can be used on Applications for Payment throughout the Construction Phase to account for the services of Construction Manager’s salaried personnel assigned to the Project. A Monthly Salary Rate must be established for each salaried person and must be approved in writing by the Owner in advance of any Application for Payment for that person. The Monthly Salary Rate is for convenience only and any payments made for Construction Manager’s personnel are subject to audit to determine the actual cost of the wages and allowable employer contributions incurred by the Construction Manager for services performed for the Project.

  • Appropriate List Matching Data means (A) account registration and alternate payee data, to the extent made appropriate by statutes, rules or regulations governing the U.S. Government Lists, (ii) data determined by BNYM in light of statutes, rules or regulations governing the U.S. Government Lists to be necessary to provide the services described in this Section 3(b)(5), and (iii) data the parties agree in writing to be necessary to provide the services described in this Section 3(b)(5).

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

  • Average Contribution Percentage means the average of the Contribution Percentages of the Eligible Participants in a group.

  • Group II Allocation Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is (i) the Group II Principal Remittance Amount for such Distribution Date, and the denominator of which is (ii) the Principal Remittance Amount for such Distribution Date.

  • Group I Allocation Percentage With respect to any Distribution Date, the percentage equivalent of a fraction, the numerator of which is (i) the Group I Principal Remittance Amount for such Distribution Date, and the denominator of which is (ii) the Principal Remittance Amount for such Distribution Date.

  • Actual Deferral Percentage means, for a specified group of Participants for a Plan Year, the average of the ratios (calculated separately for each Participant in the group) of (1) the amount of Employer contributions actually paid over to the Trust on behalf of the Participant for the Plan Year to (2) the Participant's Earnings for the Plan Year (or, provided that the Employer applies this method to all Employees for a Plan Year, the Participant's Earnings for that portion of the Plan Year during which he was eligible to participate in the Plan). Employer contributions on behalf of any Participant shall include: (i) his Elective Deferrals, including Excess Elective Deferrals of Highly Compensated Employees, but excluding (A) Excess Elective Deferrals of Non-Highly Compensated Employees that arise solely from Elective Deferrals made under the Plan or another plan maintained by an Affiliated Employer, and (B) Elective Deferrals that are taken into account in the Average Contribution Percentage test described in Section 5.10 (provided the ADP test is satisfied both with and without exclusion of these Elective Deferrals), and excluding Elective Deferrals returned to a Participant to reduce an Excess Amount as defined in Section 6.5(f); and (ii) if the Employer has elected to make Qualified Nonelective Contributions, such amount of Qualified Nonelective Contributions, if any, as shall be necessary to enable the Plan to satisfy the ADP test and not used to satisfy the ACP test; and (iii) if the Employer has elected to make Qualified Matching Contributions, such amount of Qualified Matching Contributions, if any, as shall be necessary to enable the Plan to satisfy the ADP test and not used to satisfy the ACP test. For purposes of computing Actual Deferral Percentages, an Employee who would be a Participant but for his failure to make Elective Deferrals shall be treated as a Participant on whose behalf no Elective Deferrals are made.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Deferral Percentage means the percentage (which, unless the Administrator, in his or her sole discretion, determines otherwise, shall be in whole percentage increments and not more than 90%) specified by the Participant to be the percentage of each payment of Compensation he or she wishes to defer under the Plan.

  • Excess Elective Deferrals means the amount of Elective Deferrals (as defined below) for a calendar year that the Participant designates to the Plan pursuant to the following procedure. The Participant’s designation: shall be submitted to the Administrator in writing no later than March 1; shall specify the Participant’s Excess Elective Deferrals for the preceding calendar year; and shall be accompanied by the Participant’s written statement that if the Excess Elective Deferrals is not distributed, it will, when added to amounts deferred under other plans or arrangements described in Section 401(k), 408(k) or 403(b) of the Code, exceed the limit imposed on the Participant by Section 402(g) of the Code for the year in which the deferral occurred. Excess Elective Deferrals shall mean those Elective Deferrals that are includible in a Participant's gross income under Section 402(g) of the Code to the extent such Participant's Elective Deferrals for a taxable year exceed the dollar limitation under such Code section.

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.

  • Floating Allocation Percentage means, with respect to any Monthly Period, the percentage equivalent (which percentage shall never exceed 100%) of a fraction, the numerator of which is the Invested Amount as of the last day of the preceding Monthly Period (or with respect to the first Monthly Period, the Initial Invested Amount) and the denominator of which is the greater of (1) the sum of (x) the total amount of Principal Receivables in the Trust at the end of the day on such date (or with respect to the first Monthly Period, at the end of the day on the Closing Date) and (y) the principal amount on deposit in the Excess Funding Account as of the end of the day on such date and (2) the sum of the numerators used to calculate the Series Percentages (as such term is defined in the Agreement) with respect to Finance Charge Receivables or Defaulted Receivables, as applicable, for all Series then outstanding; provided, however, that with respect to any Monthly Period in which an Addition Date occurs and the Servicer need not make daily deposits of Collections into the Collection Account, the denominator in (x) above shall be the Average Principal Balance; provided further, however, that with respect to any Monthly Period in which an Addition Date occurs and the Servicer is required to make daily deposits of Collections into the Collection Account, the denominator in (x) above shall be (1) for the period from and including the first day of such Monthly Period to but excluding the related Addition Date, the aggregate amount of Principal Receivables in the Trust at the end of the day on the last day of the prior Monthly Period and (2) for the period from and including the related Addition Date to and including the last day of such Monthly Period, the aggregate amount of Principal Receivables in the Trust at the end of the day on the related Addition Date.

  • Monthly Uptime Percentage means total number of minutes in a calendar month minus the number of minutes of Downtime suffered in a calendar month, divided by the total number of minutes in a calendar month.