Allocation of Excess Amounts (Annual Additions. In the event that the allocation formula above results in an Excess Amount, such excess shall be: [X] (i) placed in a suspense account accruing no gains or losses for the benefit of the Participant.
Appears in 3 contracts
Sources: Cash or Deferred Profit Sharing Plan (Port Financial Corp), Regional Prototype Cash or Deferred Profit Sharing Plan (Global Sports Inc), Adoption Agreement (Century Bancorp Inc)
Allocation of Excess Amounts (Annual Additions. In the event that the allocation formula above results in an Excess Amount, such excess shall be: [X] :
(i) placed in a suspense account accruing no gains or losses for the benefit of the Participant. [x] (ii) reallocated as additional Employer contributions to all other Participants to the extent that they do not have any Excess Amount.
Appears in 3 contracts
Sources: Adoption Agreement (Nobility Homes Inc), Adoption Agreement (Peoples Sidney Financial Corp), Adoption Agreement (Sano Corp)
Allocation of Excess Amounts (Annual Additions. In the event that the allocation formula above results in an Excess Amount, such excess shall be: [X] (i) placed in a suspense account accruing no gains or losses for the benefit of the Participant. [_] (ii) reallocated as additional Employer contributions to all other Participants to the extent that they do not have any Excess Amount.
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Allocation of Excess Amounts (Annual Additions. In the event that the allocation formula above results in an Excess Amount, such excess shall be: [X] :
(i) placed in a suspense account accruing no gains or losses for the benefit of the Participant.
(ii) reallocated as additional Employer contributions to all other Participants to the extent that they do not have any Excess Amount.
Appears in 1 contract
Sources: Adoption Agreement (Vs Holdings Inc)
Allocation of Excess Amounts (Annual Additions. In the event that the allocation formula above results in an Excess Amount, such excess shall be: [X] :
(i) placed in a suspense account accruing no gains or losses for the benefit of the Participant. [X] (ii) reallocated as additional Employer contributions to all other Participants to the extent that they do not have any Excess Amount.
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Allocation of Excess Amounts (Annual Additions. In the event that the allocation formula above results in an Excess Amount, such excess shall be: [X[ ] (i) placed in a suspense account accruing no gains or losses for the benefit of the Participant. [X] (ii) reallocated as additional Employer contributions to all other Participants to the extent that they do not have any Excess Amount.
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Allocation of Excess Amounts (Annual Additions. In the event that the allocation formula above results in an Excess Amount, such excess excess, after distribution of Employee related contributions pursuant to paragraph 10.2 of the Basic Plan Document shall be: [X[ ] (i) Suspense Account - placed in a suspense account accruing no gains or losses for the benefit of the Participant. [x] (ii) Spillover - reallocated as additional Employer contributions to all other Participants to the extent that they do not have any Excess Amount.
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Sources: Nonstandardized Profit Sharing Plan and Trust/Custodial Account (Good Times Restaurants Inc)
Allocation of Excess Amounts (Annual Additions. In the event that the allocation formula above results in an Excess Amount, such excess shall be: [X] :
(i) placed in a suspense account accruing no gains or losses for the benefit of the Participant.
(ii) reallocated as additional Employer contributions to all other Participants to the extent that they do not have an Excess Amount. If no answer is specified, the suspense account method will be used.
Appears in 1 contract
Sources: Profit Sharing Plan (National Paintball Supply Co Inc)
Allocation of Excess Amounts (Annual Additions. In the event that the allocation formula above results in an Excess Amount, such excess shall be: [Xx] (i) placed in a suspense account accruing no gains or losses for the benefit of the Participant.
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