Matching Contribution Clause Samples
A Matching Contribution clause outlines an employer's commitment to contribute additional funds to an employee's retirement or savings plan, typically based on the amount the employee contributes. For example, an employer might match 50% of an employee's contributions up to a certain percentage of their salary. This clause incentivizes employees to save for retirement by effectively increasing their savings through employer participation, and it helps employers attract and retain talent by enhancing the overall benefits package.
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Matching Contribution. An Employer contribution made to this or any other Defined Contribution Plan on behalf of a Participant on account of a Voluntary or Required After-tax Contribution made by such Participant, or on account of a Participant’s Elective Deferral, ▇▇▇▇ Elective Deferral or Catch-Up Contribution made by such Participant under a Plan maintained by the Employer. A Plan established under a Cash or Deferred Adoption Agreement may allocate Matching Contributions throughout the Plan Year, even though the amount of Matching Contributions is determined on the basis of the Plan Year. If the Plan is calculating Matching Contributions on a Plan Year basis, but Matching Contributions that are deposited during the Plan Year have been calculated on a payroll period, an additional “true-up” contribution may be required to accurately calculate the Matching Contributions as elected on the Adoption Agreement.
Matching Contribution. For each One (1) Dollar contributed by an eligible teacher to a Code Section 403(b) plan maintained by the School Corporation, the Board will contribute One (1) Dollar to the 403(b) Matching Program (the “Matching Contribution”). However, the annual maximum Matching Contribution made by the Board for any particular teacher shall not exceed $800 for the school year.
Matching Contribution. Grantee hereby agrees to provide a Matching Contribution in the amount of Insert Amount of Grant Award, consisting of volunteer hours valued at $22.14 per hour and equal to a minimum of 25% and up to a maximum of 50% of the grant award, in-kind donations and cash.
Matching Contribution. The Grantee shall provide the entire Matching Contribution prior to the end of the term of this Agreement and in accordance with 2 C.F.R. § 200.306.
Matching Contribution. An Employer contribution made to this or any other defined contribution plan on behalf of a Participant on account of an Employee Voluntary Contribution made by such Participant, or on account of a Participant's Elective Deferral, under a Plan maintained by the Employer.
Matching Contribution. For purposes of Section 4.1.2 of the Plan, the Employer will credit the Participant’s Deferral Account with a Matching Contribution equal to one hundred percent (100%) of the Participant’s Deferrals, but not to exceed $17,500 (seventeen thousand five hundred dollars).
Matching Contribution. A matching contribution equal to (and credited to the Deferral Account at the same time as) the amounts credited to the Deferral Account under Section 3.1.1, subject to an annual maximum matching contribution of 100 percent of the Compensation deferred by the Executive, said matching contribution not to exceed $20,000 (Twenty Thousand Dollars) annually.
Matching Contribution. An Employer contribution made to this or any other Defined Contribution Plan on behalf of a Participant on account of a Voluntary or Required After-tax Contribution made by such Participant, or on account of a Participant's Elective Deferral made by such Participant under a Plan maintained by the Employer.
Matching Contribution. For each Plan Year, the Employer's matching contribution made with respect to Employee contributions is: .
Matching Contribution. Matching Contribution means a fixed or discretionary contribution the Employer makes on account of Elective Deferrals under a 401(k) Plan or on account of Employee Contributions. Matching contributions also include Participant forfeitures allocated on account of such Elective Deferrals or Employee Contributions.