AMOUNT OF MATCHING CONTRIBUTIONS. For each Plan Year, the Employer's matching contribution is: (Choose any combination of (1), (2), (3), (4) and (5)) (1) An amount equal to -----------% of each Participant's eligible contributions for the Plan Year. (2) An amount equal to -----------% of each Participant's first tier of eligible contributions for the Plan Year, plus the following matching percentage(s) for the following subsequent tiers of eligible contributions for the Plan Year: --------------------------------------. (3) Discretionary formula. (i) An amount (or additional amount) equal to a matching percentage the Employer from time to time may deem advisable of the Participant's eligible contributions for the Plan Year. (ii) An amount (or additional amount) equal to a matching percentage the Employer from time to time may deem advisable of each tier of the Participant's eligible contributions for the Plan Year. (4) An amount equal to the following percentage of each Participant's eligible contributions for the Plan Year, based on the Participant's Years of Service: Number of Years of Service Matching Percentage ----------- ------------ ----------- ------------ ----------- ------------ ----------- ------------ The Advisory Committee will apply this formula by determining Years of Service as follows: -------------------------------------------------. (5) A Participant's matching contribuitons may not: (Choose (i) or (ii)) (i) Exceed -------------------------------------------. (ii) Be less than -------------------------------------.
Appears in 2 contracts
Sources: Nonstandardized 401(k) Plan Adoption Agreement (Invesco Value Trust), Adoption Agreement (Invesco International Funds Inc)
AMOUNT OF MATCHING CONTRIBUTIONS. For each Plan Year, the Employer's matching contribution is: (Choose any combination of (1), (2), (3), (4) and (5))
(1) An amount equal to -----------% 100% of each Participant's eligible contributions for the Plan Year.
(2) An amount equal to -----------% _____% of each Participant's first tier of eligible contributions for the Plan Year, plus the following matching percentage(s) for the following subsequent tiers of eligible contributions for the Plan Year: --------------------------------------__________________________.
(3) Discretionary formula.
(i) An amount (or additional amount) equal to a matching percentage the Employer from time to time may deem advisable of the Participant's eligible contributions for the Plan Year.
(ii) An amount (or additional amount) equal to a matching percentage the Employer from time to time may deem advisable of each tier of the Participant's eligible contributions for the Plan Year.
(4) An amount equal to the following percentage of each Participant's eligible contributions for the Plan Year, based on the Participant's Years of Service: Number of Years of Service Matching Percentage ----------- ------------ ----------- ------------ ----------- ------------ ----------- ------------ -------------------------- ------------------- ____ ____% ____ ____% ____ ____% ____ ____% The Advisory Committee will apply this formula by determining Years of Service as follows: -------------------------------------------------__________________________________________.
(5) A Participant's matching contribuitons contributions may not: (Choose (i) or (ii))
(i) Exceed -------------------------------------------__________________________________________.
(ii) Be less than -------------------------------------__________________________________________. RELATED EMPLOYERS. If two or more related employers (as defined in Section 1.30) contribute to this Plan, the related employers may elect different matching contribution formulas by attaching to the Adoption Agreement a separately completed copy of this Part II. Note: Separate matching contribution formulas create separate current benefit structures that must satisfy the minimum participation test of Code Section 401(a)(26).]
Appears in 1 contract
Sources: Defined Contribution Master Plan and Trust Agreement (Oceaneering International Inc)
AMOUNT OF MATCHING CONTRIBUTIONS. For each Plan Year, the Employer's matching contribution is: (Choose any combination of CHOOSE ANY COMBINATION OF (1), (2), (3), (4) and AND (5))
(1) An amount equal to -----------% _____% of each Participant's eligible contributions for the Plan Year.
(2) An amount equal to -----------% _____% of each Participant's first tier of eligible contributions for the Plan Year, plus the following matching percentage(s) for the following subsequent tiers of eligible contributions for the Plan Year: --------------------------------------__________________________________________ ________________________.
(3) Discretionary formula.
(i) An amount (or additional amount) equal to a matching percentage the Employer from time to time may deem advisable of the Participant's eligible contributions for the Plan Year.
(ii) An amount (or additional amount) equal to a matching percentage the Employer from time to time may deem advisable of each tier of the Participant's eligible contributions for the Plan Year.
(4) An amount equal to the following percentage of each Participant's eligible contributions for the Plan Year, based on the Participant's Years of Service: Number of Years of Service Matching Percentage ----------- ------------ ----------- ------------ ----------- ------------ ----------- ------------ -- -- -- -- -- -- -- -- The Advisory Committee will apply this formula by determining Years of Service as follows: -------------------------------------------------_____________________________________________.
(5) A Participant's matching contribuitons contributions may not: (Choose CHOOSE (iI) or OR (iiII))
) [ ] (i) Exceed -------------------------------------------.
(ii) Be less than -------------------------------------._______________________________________________
Appears in 1 contract
Sources: Adoption Agreement (Pluma Inc)