Common use of ALLOCATION OF EMPLOYER CONTRIBUTIONS Clause in Contracts

ALLOCATION OF EMPLOYER CONTRIBUTIONS. (Check each box that applies.) 1. [ ] A Participant must be employed on the last day of the Plan Year to receive an allocation of Employer Contributions for the Plan Year. 2. [X] Allocations of Employer Contributions will be made to Accounts of Participants who terminate employment before the last day of the Plan Year due to (Check each box that applies): [X] death. [X] disability. [X] retirement on or after Early Retirement Age. [X] retirement on or after Normal Retirement Age. [ ] other Severance of Employment. [X] other Severance of Employment, provided that the Participant is credited with a Year of Service for the Plan Year. For this purpose, a Participant shall be credited with one Year of Service for the Plan Year if the Participant completes at least 1 Hour(s) of Service during the Plan Year.