Common use of Contribution Period for Matching Employer Contributions Clause in Contracts

Contribution Period for Matching Employer Contributions. The Contribution Period for purposes of calculating the amount of Matching Employer Contributions is: (1) o each calendar month. (2) o each Plan Year quarter. (3) o each Plan Year. (4) þ each payroll period. The Contribution Period for additional Matching Employer Contributions described in Subsection 1.11(b) is the Plan Year. Note: If Matching Employer Contributions are made more frequently than for the Contribution Period selected above, the Employer must calculate the Matching Employer Contribution required with respect to the full Contribution Period, taking into account the "eligible" Participant's contributions and Compensation for the full Contribution Period, and contribute any additional Matching Employer Contributions necessary to "true up" the Matching Employer Contribution so that the full Matching Employer Contribution is made for the Contribution Period.

Contribution Period for Matching Employer Contributions. The Contribution Period for purposes of calculating the amount of Matching Employer Contributions is: (1) o ¨ each calendar month. (2) o ¨ each Plan Year quarter. (3) o x each Plan Year. (4) þ ¨ each payroll period. The Contribution Period for additional Matching Employer Contributions described in Subsection 1.11(b) is the Plan Year. Note: If Matching Employer Contributions are made more frequently than for the Contribution Period selected above, the Employer must calculate the Matching Employer Contribution required with respect to the full Contribution Period, taking into account the "“eligible" ” Participant's ’s contributions and Compensation for the full Contribution Period, and contribute any additional Matching Employer Contributions necessary to "“true up" ” the Matching Employer Contribution so that the full Matching Employer Contribution is made for the Contribution Period.