Common use of Amount of Matching Employer Contributions Clause in Contracts

Amount of Matching Employer Contributions. For each Employee who pays monthly contributions with respect to coverage under the Health Incentive Plan, each Employer shall cause to be paid to the Trustee, out of current or accumulated earnings and profits, as its Matching Employer Contribution hereunder for each calendar month an amount which is equal to the Employer Contribution Rate multiplied by the lesser of (1) six percent of the Member's Eligible Earnings during such calendar month or (2) the Deferred Salary Contribution made by such Employer during such calendar month on behalf of each Member. Notwithstanding any other provision of the Plan to the contrary, no Matching Employer Contributions shall be made with respect to any Catch-Up Contributions (as defined in Section 3.6 of the Plan).