Common use of Allocation of Forfeitures of Excess Aggregate Contributions Clause in Contracts

Allocation of Forfeitures of Excess Aggregate Contributions. Forfeitures of Excess Aggregate Contributions shall be (Choose one): Option 1: [_] Allocated, after all other Forfeitures under the Plan, to each Contributing Participant's Matching Contribution account in the ratio which each Contributing Participant's Compensation for the Plan Year bears to the total Compensation of all Contributing Participants for such Plan Year. Such Forfeitures will not be allocated to the account of any Highly Compensated Employee. Option 2: [_] Applied to reduce Matching Contributions (Choose one): Suboption (a): [_] For the Plan Year for which the Forfeiture arises. Suboption (b): [_] For any Plan Year subsequent to the Plan Year for which the Forfeiture arises. Option 3: [_] Applied first to the payment of the Plan's administrative expenses and any excess applied to reduce Matching Contributions (Choose one): (a) [_] For the Plan Year for which the Forfeiture arises. Suboption (b): [_] For any Plan Year subsequent to the Plan Year for which the Forfeitures arises.

Allocation of Forfeitures of Excess Aggregate Contributions. Forfeitures of Excess Aggregate Contributions shall be (Choose one): Option ): OPTION 1: [_] ( ) Allocated, after all other Forfeitures under the Plan, to each Contributing Participant's Matching Contribution account in the ratio which each Contributing Participant's Compensation for the Plan Year bears to the total Compensation of all Contributing Participants for such Plan Year. Such Forfeitures will not be allocated to the account of any Highly Compensated compensated Employee. Option . OPTION 2: [_] ( ) Applied to reduce Matching Contributions (Choose one): Suboption SUBOPTION (a): [_] A): ( ) For the Plan Year for which the Forfeiture arises. Suboption SUBOPTION (b): [_] B): ( ) For any Plan Year subsequent to the Plan Year for which the Forfeiture arises. Option OPTION 3: [_] (o) Applied first to the payment of the Plan's administrative expenses and any excess applied to reduce Matching Contributions (Choose one): ): SUBOPTION (aA): (o) [_] For the Plan Year for which the Forfeiture arises. Suboption SUBOPTION (b): [_] B): ( ) For any Plan Year subsequent to the Plan Year for which the Forfeitures Forfeiture arises.