Common use of Percentage of Compensation Match Clause in Contracts

Percentage of Compensation Match. The Employer shall contribute and allocate to each Participant's account ____% of Compensation if the Participant defers at least 1% of Compensation. NOTE: Matching options (iv) or (v) may violate the Code Section 401(a) regulations by failure to make the match effectively available to all Participants.

Appears in 1 contract

Sources: Adoption Agreement (Sano Corp)

Percentage of Compensation Match. The Employer shall contribute and allocate to each Participant's account _____% of Compensation if the Participant defers at least 1% of Compensation. NOTE: Matching options (iv) or (v) may violate the Code Section 401(a) regulations by failure to make the match effectively available to all Participants.

Appears in 1 contract

Sources: Adoption Agreement (Nobility Homes Inc)