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Annual Company Matching Contributions
Annual Company Matching Contributions contract clause examples
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Contributions Subject to Matching – Employer matching contributions shall be made for an eligible participant with respect to the following contributions:

Employer Matching Contributions” shall mean the Employer Matching Contributions as defined in the Savings Plan.

ANNUAL COMPANY CREDITS. Effective for purposes of clarifying the making of Company credits, [Section 4.5(b)] of the Plan Statement shall be amended to read in full as follows:

ACP which are matched and "matching contributions" which relate to such Elective Deferrals (if the "matching contributions" are used in the ACP). "Matching contributions" which are not used in the ACP but which relate to Elective Deferrals that are distributed to Highly Compensated Participants pursuant to this Subsection shall be forfeited unless the related "matching contributions" are distributed as Excess Aggregate Contributions pursuant to this Subsection;

ESOP Contributions, Employer Matching Contributions and Pre-Tax Contributions to be Tax-Deductible: ESOP Contributions, Employer Matching Contributions and Pre-Tax Contributions shall not be made in excess of the amount deductible under applicable Federal law now or hereafter in effect limiting the allowable deduction for contributions to profit-sharing plans. The ESOP Contributions, Employer Matching Contributions and Pre-Tax Contributions to this Plan when taken together with all other

Unless provided otherwise by the Committee with respect to a Company Matching Contribution, a Participant shall vest in Company Matching Contributions allocated to his or her Account on a class year basis 100% at the end of the second Plan Year (on December 31 of such year) following the Plan Year for which the Company Contributions are made. By way of example (only), if a Matching Contribution is deposited in year 2021, such Matching Contribution shall vest 100% on December 31, 2023.

Related matching contributions. The Administrator will not take any Elective Deferrals withdrawn pursuant to this Section into account in computing and allocating matching contributions. If the Employer has already allocated matching contributions to the Participant's Account with respect to Elective Deferrals being withdrawn pursuant to this [Subsection (4)], then such matching contributions, as adjusted for gains and losses, must be forfeited.

Annual Bonus Deferral Election. The amounts credited to a Participant’s Account pursuant to this [Section 3.2(b)] for a Specified Year shall be appropriately reduced to reflect any annual true-up of the Participant’s employer matching contributions under the McDonald’s 401k Plan for the Specified Year.

Matching Account” shall mean an account established by the Company to record the amounts credited to a Participant with respect to the Participant’s Supplemental Matching Contributions (and earnings thereon).

Matching Contributions – Employer matching contributions shall be taken into account for purposes of satisfying the minimum contribution requirements of Code section 416(c)(2) and the plan if so provided in [Section 3.2(c) or 3.3(b)])]. The preceding sentence shall apply with respect to matching contributions under the plan or, if the plan provides that the minimum contribution requirement shall be met in another plan, such other plan. Employer matching contributions that are used to satisfy the minimum contribution requirements shall be treated as matching contributions for purposes of the actual contribution percentage test and other requirements of Code section 401(m).

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