Effective January 1, 2010, the Company amended this plan to provide for supplemental Company matching contributions for any compensation
deferred by a plan participant, including named executives, that would have been eligible (up to certain IRS limits) but for this deferral for a matching contribution under the Company's 401 (k) Plan.
Not exact matches
This
plan allows
participants to
defer receipt of salary and certain other compensation until a future year or years as selected
by the
participants subject to the terms of the
plan.
In addition, our company allocates to each
participant's
Deferred Compensation Matching
Plan account a matching contribution of up to 6 % of the amount
by which the
participant's base salary and cash incentive payment exceed the then - applicable limitation in Section 401 (a)(17) of the Internal Revenue Code.
Marital property includes personal and real property acquired and owned
by either spouse or both together; active appreciation of separate property due to one spouses contributions, such as improvements; and
participant accounts in state and municipal
deferred compensation
plans, to the extent set forth in the applicable statute.