Common use of Employer Matching Contribution Clause in Contracts

Employer Matching Contribution. The Employer shall make Employer Matching Contributions to each Participant's Employer Matching Contribution Account in accordance with Appendix C. The Employer may decrease the Employer Matching Contribution allocable to any Participant if such decrease is necessary to ensure that the limitations of Article VI are met for such Plan Year or Limitation Year, respectively.

Appears in 2 contracts

Sources: Savings and Ownership Plan (Honeywell International Inc), Honeywell Puerto Rico Savings and Ownership Plan (Honeywell International Inc)