ELIGIBLE CONTRIBUTIONS. Under the matching contribution formula, a Participant's "eligible contributions" are the deferral contributions allocated to the Participant for the Plan Year not in excess of 6% of the Participant's Compensation for the Plan Year. Eligible contributions do not include deferral contributions attributable to Compensation for any period when the Participant is not eligible to participate in the allocation of matching contributions. Eligible contributions do not include deferral contributions that are excess deferrals under Section 14.
Appears in 2 contracts
Sources: Voluntary Pension and Salary Deferral Plan and Trust Agreement (Flow International Corp), Voluntary Pension and Salary Deferral Plan and Trust Agreement (Flow International Corp)