Example ContractsClausesMatching Contributions
Matching Contributions
Matching Contributions contract clause examples

Matching Contributions. The Employer shall contribute to the Plan, on behalf of each Participant who has made Salary Deferrals and/or Roth 401(k) Contributions under [subsection (a)], an amount equal to the Matching Contribution that would have been required under Section 4.05 had such Salary Deferrals and/or Roth 401(k) Contributions been made during the period of Qualified Military Service.

Matching Employer Contributions. A Participant’s Account under this Plan shall be credited by the Company with Matching Employer Contributions for each Plan Year in which the Participant makes a Compensation Deferral. Such Matching Employer Contributions shall equal the maximum employer matching contributions that would have been credited to the Participant under the Tax-Qualified 401(k) Plan had the Participant’s Compensation Deferral been contributed to the Tax-Qualified 401(k) Plan without regard to any statutory or regulatory limitations on salary reduction (other than the applicable dollar limit under Section 402(g)(1) of the Code) or matching contributions to the Tax-Qualified 401(k) Plan, or on compensation taken into account in calculating employer or employee contributions to the Tax-Qualified 401(k) Plan; provided, however, that such Matching Employer Contributions for a Plan Year shall be reduced by the amount of employer matching contributions actually credited to the Participant under the Tax-Qualified 401(k) Plan for such Plan Year. The Matching Employer Contributions under this Section 5.1 shall be credited to the Participant’s Account at the same time as the Compensation Deferrals to which they relate.

means the amounts paid under the Plan by each Participating Company to the Trust Fund, pursuant to the terms of Section 3.2, as a match on Participant Contributions as either # Safe-Harbor Matching Contributions, or # as Regular Matching Contributions.

[insert percentage] of the Compensation the Participant has elected to defer for the Plan Year

The Participant’s vested interest in the amount credited to his Account attributable to Matching Contributions shall be based on the following schedule:

Matching Contributions. For each Plan Year, the Company shall credit an amount to the Account of each Participant hereunder who has deferred amounts under the Plan during such Plan Year, as provided in [Section 3.1] above, but only as such deferrals relate to that portion, if any, of such Participant's Annual Compensation that exceeds the amount set forth in Section 401(a)(17) of the Code for such Plan Year ("Excess Compensation"). The amount of such matching contribution shall equal fifty percent (50%) of the Participant's Excess Compensation deferred hereunder by the Participant during such Plan Year, but only taking into account up to six percent (6%) of such Excess Compensation. Any amounts credited pursuant to this [Section 3.2] shall be credited to the Participant's Account as soon as practicable following the date on which the applicable deferral is credited to the Participant's Account pursuant to [Section 3.1] above, but not later than the last day of the second calendar month following the calendar month to which the applicable deferral relates.

☐ Class year vesting applies.

Matching Contributions. If elected by the Plan Sponsor in [Section 5.01(a)] of the Adoption Agreement, the Employer will credit the Participant’s Account with a matching contribution determined in accordance with the formula specified in [Section 5.01(a)] of the Adoption Agreement. The matching contribution will be treated as allocated to the Participant’s Account at the time specified in [Section 5.01(a)(iii)] of the Adoption Agreement.

Matching Contributions. The Bank will credit to each Member's Account a matching contribution equal to the matching contribution, if any, that would be credited under the Thrift Plan if the amounts credited under Section 4.01(a) and 4.01(b) were contributed to the Thrift Plan, determined as if the provisions of the Thrift Plan were administered without regard to the IRC Limitations and reduced by the actual matching contributions made to the Member's account under the Thrift Plan.

. For each Active Participant who is either # not a Collectively Bargained Participant, or # is a Collectively Bargained Participant covered by an Exhibit providing Matching Contributions for a Plan Year that are intended to satisfy the safe-harbor requirements under Code [Section 401(m)(11)] and Code [Section 401(k)(12)], on whose behalf a Participating Company has made any Participant Contributions for such Plan Year, such Participating Company will make a Matching Contribution equal to either:

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