Common use of EMPLOYER MATCHING CONTRIBUTIONS TO EMPLOYER MATCHING ACCOUNTS Clause in Contracts

EMPLOYER MATCHING CONTRIBUTIONS TO EMPLOYER MATCHING ACCOUNTS. The Employer shall be authorized to make matching contributions to the Employer Matching Accounts of those Participants who both make elective deferrals hereunder for the Plan Year and who are entitled under Item 22 below to receive this type of matching contribution for the year for allocation as follows: (Select any that apply and complete. An Employer may elect to make more than one type of matching contribution by selecting more than one of the following options.) (a) [ ] As a percentage of Participants' Section 401(k) elective deferrals (complete Items 22 and 23); (b) [ ] Proportionate to the Compensation for the Plan Year of all Participants who are entitled to this type of matching contribution for the Plan Year, in the following amount: (Select one and complete.) [ ] __% of the Compensation of all Participants who are entitled to receive this type of matching contribution for the Plan Year; or [ ] such other amount (if any) as may be properly determined by the Employer for such Plan Year; (c) [ ] An equal flat dollar amount for each Participant who is entitled to this type of matching contribution for the Plan Year in the following amount: (Select one and complete.) [ ] such other flat dollar amount (if any) as may be properly determined by the Employer for such Plan Year.

Appears in 1 contract

Sources: Adoption Agreement (Cincinnati Financial Corp)

EMPLOYER MATCHING CONTRIBUTIONS TO EMPLOYER MATCHING ACCOUNTS. The Employer shall be authorized to make matching contributions to the Employer Matching Accounts of those Participants who both make elective deferrals hereunder for the Plan Year and who are entitled under Item 22 below to receive this type of matching contribution for the year for allocation as follows: (Select any that apply and complete. An Employer may elect to make more than one type of matching contribution by selecting more than one of the following options.) (a) [ [x] As a percentage of Participants' Section 401(k) elective deferrals (complete Items 22 and 23); (b) [ ] Proportionate to the Compensation for the Plan Year of all Participants who are entitled to this type of matching contribution for the Plan Year, in the following amount: (Select one and complete.) [ ] ____% of the Compensation of all Participants who are entitled to receive this type of matching contribution for the Plan Year; or [ ] such other amount (if any) as may be properly determined by the Employer for such Plan Year; (c) [ ] An equal flat dollar amount for each Participant who is entitled to this type of matching contribution for the Plan Year in the following amount: (Select one and complete.) [ ] $________ for each Participant who is entitled to receive this type of matching contribution for the Plan Year; or [ ] such other flat dollar amount (if any) as may be properly determined by the Employer for such Plan Year.

Appears in 1 contract

Sources: Adoption Agreement (Studio Plus Hotels Inc)

EMPLOYER MATCHING CONTRIBUTIONS TO EMPLOYER MATCHING ACCOUNTS. The Employer shall be authorized to make matching contributions to the Employer Matching Accounts of those Participants who both make elective deferrals hereunder for the Plan Year and who are entitled under Item 22 25 below to receive this type of matching contribution for the year for allocation as follows: (Select any that apply and complete. An Employer may elect to make more than one type of matching contribution by selecting more than one of the following options.) (a) [ ] X As a percentage of Participants' Section 401(k) elective deferrals (complete Items 22 25 and 2326); (b) [ ] Proportionate to the Compensation for the Plan Year of all Participants who are entitled to this type of matching contribution for the Plan Year, in the following amount: (Select one and complete.) [ ] ____________% of the Compensation of all Participants who are entitled to receive this type of matching contribution for the Plan Year; or [ ] such other amount (if any) as may be properly determined by the Employer for such Plan Year; (c) [ ] An equal flat dollar amount for each Participant who is entitled to this type of matching contribution for the Plan Year in the following amount: (Select one and complete.) [ ] $____ for each Participant who is entitled to receive this type of matching contribution for the Plan Year; or such other flat dollar amount (if any) as may be properly determined by the Employer for such Plan Year.

Appears in 1 contract

Sources: Adoption Agreement (Meridian Bioscience Inc)