Example ContractsClausesannual company matching contributionsVariants
Annual Company Matching Contributions
Annual Company Matching Contributions contract clause examples

Additional Contributions to Fund Match: The Employer may also make Employer Matching Contributions to Participants' ESOP Accounts (subject to adjustments for forfeitures and limitations on annual additions as specified elsewhere in the Plan) in cash and/or in the form of Company Stock.

Non-Elective Contributions: The Employer may also make Non-Elective Contributions to Enhanced Participants' ESOP Accounts (subject to adjustments for forfeitures and limitations on annual additions as specified elsewhere in the Plan) in cash and/or in the form of Company Stock. For any particular Plan Year or time period with a Plan Year, the Employer in its sole discretion shall determine the amount of such Non-Elective Contributions. The Employer shall make such contribution to the Trust Fund for any particular Plan Year or time period with a Plan Year at such time as the Employer determines. The Employer may make more than one contribution for the same time period. Such Non-Elective Contributions shall be allocated in the manner specified in Section 5.3(c).

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.