Matching Allocation definition

Matching Allocation means an allocation by the Employer for the benefit of a Participant who is an Eligible Employee, as described in Section 4.3.
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Matching Allocation means an allocation by the Employer for the benefit of a Participant who is an Eligible Employee, as described in Section 4.4.
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Matching Allocation means an amount allocated to a Participant’s Choice Account with respect to the Participant’s Elective Deferral Contributions under the Plan.
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Examples of Matching Allocation in a sentence

  • The Employer shall, for each Plan Year that an Active Member elects to make Elective Deferrals, make an Employer Matching Credit on behalf of each Active Member in an amount equal to two times the excess of (i) 5% of the Member’s Compensation over (ii) 5% of the Member’s Compensation less his or her Elective Deferrals, but not to exceed the Code Limitation; provided, however, that such Active Member is an Employee as of the Employer Matching Allocation Date.

  • The Committee shall separately allocate the Employer Matching Credit for each Plan Year to the Employer Matching Account of Active Members by allocating to each such Member an amount equal to the Employer Matching Credit made on his or her behalf effective as of the Employer Matching Allocation Date.

  • Has completed a Year of Matching Allocation Service during the Plan Year without regard to employment on last day of the Plan Year.


More Definitions of Matching Allocation

Matching Allocation means an allocation by the Employer for the benefit of a Participant as described in Article 4.
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Matching Allocation means the allocation by the Employer made on account of a Participant’s Elective Deferrals, as described in Section 3.2.
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Matching Allocation means a conditional promise to transfer shares in the Company for no payment designated as a Matching Allocation in accordance with Rule 3(1) of Part A;
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Matching Allocation means a conditional promise to transfer shares in the Company comprising Matching Shares upon the terms set out in the Plan;
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Matching Allocation means an amount allocated to a Participant's Choice Account under Sections 5.2.
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Matching Allocation means the amount allocated to an Eligible Member's account pursuant to Sections 4.5 or 4.8(i).
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Related to Matching Allocation

  • Matching Contribution means an Employer contribution made to this or any other defined contribution plan on behalf of a Participant on account of an Employee Contribution made by such Participant, or on account of a Participant's Elective Deferral, under a plan maintained by the Employer.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Matching Contribution Account means the portion of a Participant’s Account attributable to Matching Contributions and Earnings thereon.

  • Matching Contributions means local cash and/or in-kind contributions made by the Subrecipient, subcontractor, or other local resources that qualify as match for the Contract funding.

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee’s account under any plan of an Employer or a Related Company solely on account of “elective contributions” made on his behalf or “employee contributions” made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).