Common use of AMOUNT OF MATCHING CONTRIBUTIONS Clause in Contracts

AMOUNT OF MATCHING CONTRIBUTIONS. For each Plan Year, the Employer's matching contribution is: (Choose any combination of (1), (2), (3), (4) and (5)) [N/A] (1) An amount equal to _________ % of each Participant's eligible contributions for the Plan Year. [N/A] (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___________________.

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)) [N/A] (1) An amount equal to _________ % of each Participant's eligible contributions for the Plan Year. [N/A] (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 PlanPlan ___________________. [X] (3) Discretionary formula.