Common use of Accounting for Excess Aggregate Contributions Clause in Contracts

Accounting for Excess Aggregate Contributions. Excess Aggregate Contributions that are allocated to a Participant will be forfeited, if forfeitable, or will be distributed on a pro-rata basis from the Participant’s Voluntary Employee Contribution Account, Mandatory Employee Contribution Account, Matching Contribution Account and Qualified Matching Contribution Account (and if applicable, from the Participant’s Qualified Non-Elective Contribution Account, Pre-Tax Elective Deferral Account, ▇▇▇▇ Elective Deferral Account, or any combination thereof).

Appears in 2 contracts

Sources: 401(k) Non Standardized Prototype Adoption Agreement (Michaels Stores Inc), 401(k) Non Standardized Prototype Adoption Agreement (Littelfuse Inc /De)

Accounting for Excess Aggregate Contributions. Excess Aggregate Contributions that are allocated to a Participant will shall be forfeited, if forfeitable, or will be distributed on a pro-pro rata basis from the Participant’s Voluntary Employee Contribution Account, Mandatory Employee Contribution Contributions Account, Matching Contribution Account and Qualified Matching Contribution Contributions Account (and and, if applicable, from the Participant’s 's Qualified Non-Elective Contribution Account, Pre-Tax Elective Deferral Account, ▇▇▇▇ Contributions Account or Elective Deferral Account, or any combination thereofboth).. Definitions:

Appears in 1 contract

Sources: 401(k) Retirement Plan Adoption Agreement (WHX Corp)

Accounting for Excess Aggregate Contributions. Excess Aggregate Contributions that are allocated to a Participant will be forfeited, forfeited if forfeitable, or will be distributed on a pro-rata basis from the Participant’s Voluntary Employee Contribution Account, Mandatory Employee Contribution Account, Matching Contribution Account and Qualified Matching Contribution Account (Account, and if applicable, from the Participant’s Qualified Non-Non- Elective Contribution Account, Pre-Tax Elective Deferral Account, ▇▇▇▇ Account or Elective Deferral Account, or any combination thereof)from both.

Appears in 1 contract

Sources: 401(k) Plan Agreement (Provident Bancorp Inc/Ny/)