Matching Amount

Matching Amount. With respect to a Plan Year beginning on or after January 1, 2008, an amount equal to the excess, if any, of: (1) The lesser of (i) the sum of a Participant's Deferral Amounts for such Plan Year plus the Participant's maximum salary reduction contributions permitted under the Qualified Plan for such Plan Year (regardless of whether the Participant makes any such contributions), or (ii) 4% of the Participant's Pay for such Plan Year; over (2) ... The Matching Contributions which the Participant would have received under the Qualified Plan for such Plan Year had the Participant made salary reduction contributions under the Qualified Plan in an amount which would result in the greatest possible Matching Contributions. With respect to the short Plan Year beginning May 1, 2007, "Matching Amount" means the excess of (i) the lesser of the sum of Participant's Deferral Amounts for such Plan Year plus the Participant's maximum salary reduction contributions permitted under the Qualified Plan for 2007 (regardless of whether the Participant makes any such contributions), or 6% of the Participant's Pay for such Plan Year, over (ii) the Matching Contributions which the Participant would have received under the Qualified Plan for 2007 had the Participant made salary reduction contributions under the Qualified Plan in an amount which would result in the greatest possible Matching Contributions. View More