Common use of Percentage of Compensation Match Clause in Contracts

Percentage of Compensation Match. The Employer shall contribute to each eligible Participant’s account ________% (no less than 1%) of Compensation if the eligible Participant contributes at least ________% (no more than 100%) of Compensation. The Employer’s contribution will be made up to the [ ] greater of (may be no more than 500%) [ ] lesser of (may be no less than 1%) _________% of Compensation or $__________ (no more than the Annual Addition limit for the Plan Year).

Appears in 7 contracts

Sources: Adoption Agreement (Connecticut Water Service Inc / Ct), Nonstandardized Adoption Agreement (First Northwest Bancorp), Defined Contribution Plan (Savannah Bancorp Inc)

Percentage of Compensation Match. The Employer shall contribute to each eligible Participant’s account ________% (no less than 1%) of Compensation if the eligible Participant contributes at least ________% (no more than 100%) of Compensation. The Employer’s contribution will be made up to the [ ] o greater of (may be no more than 500%) [ ] o lesser of (may be no less than 1%) _________% of Compensation or $__________ $ (no more than the Annual Addition limit for the Plan Year).

Appears in 3 contracts

Sources: Savings and Investment Plan Document (Sterling Chemicals Inc), Adoption Agreement (Sterling Chemicals Inc), Defined Contribution Plan (Athens Bancshares Corp)

Percentage of Compensation Match. The Employer shall contribute to each eligible Participant’s 's account ________% (no less than 1%) of Compensation if the eligible Participant contributes at least ________% (no more than 100%) of Compensation. The Employer’s 's contribution will be made up to the [ ] greater of (may be no more than 500%) [ ] lesser of (may be no less than 1%) _________% %of Compensation or $__________ or$ (no more than the Annual Addition limit for the Plan Year).

Appears in 1 contract

Sources: Adoption Agreement for Cash or Deferred Profit Sharing Plan (BBCN Bancorp Inc)

Percentage of Compensation Match. The Employer shall contribute to each eligible Participant’s account ________% (no less than 1%) of Compensation if the eligible Participant contributes at least ________% (no more than 100%) of Compensation. The Employer’s contribution will be made up to the [ ] greater of (may be no more than 500%) [ ] lesser of (may be no less than 1%) _________% of Compensation or $__________ (no more than the Annual Addition limit for the Plan Year).

Appears in 1 contract

Sources: Nonstandardized Adoption Agreement (1st Constitution Bancorp)

Percentage of Compensation Match. The Employer shall contribute to each eligible Participant’s 's account ________% (no less than 1%) of Compensation if the eligible Participant contributes at least ________% (no more than 100%) of Compensation. The Employer’s 's contribution will be made up to the [ ] greater of (may be no more than 500%) [ ] lesser of (may be no less than 1%) _________% of Compensation or $__________ $ (no more than the Annual Addition limit for the Plan Year).

Appears in 1 contract

Sources: Defined Contribution Plan (Old Dominion Freight Line Inc/Va)

Percentage of Compensation Match. The Employer shall contribute to each eligible Participant’s account ________% (no less than 1%) of Compensation if the eligible Participant contributes at least ________% (no more than 100%) of Compensation. The Employer’s contribution will be made up to the [ ] greater of (may be no more than 500%) [ ] lesser of (may be no less than 1%) _________% of Compensation or $__________ $ (no more than the Annual Addition limit for the Plan Year).

Appears in 1 contract

Sources: Defined Contribution Plan (ASB Bancorp Inc)