"With respect to each employee who elects to make employee elective deferral contributions, the Company will pay a matching contribution into the Pilot’s 401(k) account on a two hundred percent (200%) basis up to the first five percent (5%) of such employee’s pay."

This could be up for interpretation depending on how you read it. "Up to", to me could be considered no more than...if up to 5% is the max the employer would contribute 200%, then we would only be matched on a max of 2.5%. Maybe...