Common use of AMOUNT OF MATCHING CONTRIBUTIONS Clause in Contracts

AMOUNT OF MATCHING CONTRIBUTIONS. Subject to Option (i), for each Plan Year, the Employer's matching contribution is: (Choose any combination of (1), (2), (3) and (4)) (1) An amount equal to ----------% of each Participant's Salary Recuction contributions for the Plan Year. (2) An amount equal to ----------% of each Participant's first tier of Salary Reduction contributions for the Plan Year, plus the following matching percentage(s) for the following subsequent tiers of Salary Reduction 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 salary reduction 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 Salary Reduction contributions for the Plan Year. [Note: Under Options (2) and (3)(ii), the matching percentage for any subsequent tier of salary reduction contributions may not exceed the matching percentage for any prior tier.] (4) A Participant's matching contributions may not: (i) Exceed ---------------------------------------. (ii) Be less than ---------------------------------. (i) Amount of salary reduction contributions taken into account. When determining a Participant's salry reduction contributions taken into account under the matching contributions formula(s), the following rules apply: (Choose any combination of (1) through (3)) (1) The Advisory Committee will take into account all eligible contributions credited for the Plan Year. (2) The Advisory Committee will disregard eligible contributions exceeding ------------------------------------. (3) The Advisory Committee will treat as the first tier of Salary Recuction contributions, an amount not exceeding:----------------------. The subsequent tiers of eligible contributions are: -------------------. Part III. [Option (j). Special rules for Code ss.401(k) Arrangement. (Choose (j), if applicable)