Additional Adopting Employers. ¨ 1. All participating Employers’ contributions under Section VIII entitled “Employer Contributions” above and forfeitures, if applicable, attributable to each specific contribution source shall be pooled together and allocated uniformly among all eligible Participants. ¨ 2. Each participating Employer’s contribution under Section VIII above and forfeitures attributable to each specific contribution source made by such Employer shall be allocated only to eligible Participants of the participating Employer.
Appears in 1 contract
Sources: Defined Contribution Plan (United Community Bancorp)
Additional Adopting Employers. ¨ 1. x a. All participating Employers’ contributions and forfeitures under Section VIII above entitled “Employer Contributions” above and forfeitures, if applicable, attributable to each specific contribution source made by such Employer shall be pooled together and allocated uniformly among all eligible Participants.
¨ 2. o b. Each participating Employer’s contribution under Section VIII above and forfeitures forfeitures, if applicable, subject to reallocation attributable to each specific contribution source made by such Employer under Section VIII entitled “Employer Contributions” shall be allocated only to eligible Participants of the participating Employer.
Appears in 1 contract
Sources: Cash or Deferred Profit Sharing Plan Adoption Agreement (Willis Group Holdings LTD)