Match Rate
Match Rate. The Company's age-weighted match rate assigned to each Participant under the Retirement K and based upon the Participant's age as of December 31, 2006. The match rates are 20% for Participants below age 35, 40% for Participants age 35 to 44, 60% for Participants age 45 to 54, and 80% for Participants age 55 and over.
All Definitions
Found in
Leggett & Platt contract