Common use of ALLOCATION OF FORFEITURES Clause in Contracts

ALLOCATION OF FORFEITURES. At the time a forfeiture occurs pursuant to Article IX, Section A.3.3 of Appendix A, the amount forfeited will first be used to reinstate any Account required to be reinstated under Article IX. Forfeitures may also be applied to reduce an Employer’s obligation to make restorative payments (and interest thereon) described in Section 3.8. Any remaining forfeitures will be applied to reduce the Employer’s obligation to make future Matching Contributions or Supplemental Contributions. However, in no event will amounts forfeited pursuant to Section A.3.3 of Appendix A be allocated to the Accounts of Participants whose Matching Contributions are forfeited pursuant to Section A.3.3 of Appendix A.

ALLOCATION OF FORFEITURES. At the time a forfeiture occurs pursuant to Article IXVIII, Section A.3.3 of Appendix A, the amount forfeited will first be used to reinstate any Account required to be reinstated under Article IX. Forfeitures may also be applied to reduce an Employer’s obligation to make restorative payments (VIII, and interest thereon) described in Section 3.8. Any any remaining forfeitures amount will be applied to reduce the Employer’s obligation to make future Matching Contributions or Supplemental Contributions. However, in no event will amounts forfeited pursuant to Section A.3.3 of Appendix A be allocated to the Accounts of Participants whose Matching Contributions are forfeited pursuant to Section A.3.3 of Appendix A.

ALLOCATION OF FORFEITURES. At the time a forfeiture occurs pursuant to Article IX, Section A.3.3 of Appendix A, the amount forfeited will first be used to reinstate any Account required to be reinstated under Article IX. Forfeitures may also be applied to reduce an Employer’s obligation to make restorative payments (, and interest thereon) described in Section 3.8. Any any remaining forfeitures amount will be applied to reduce the Employer’s 's obligation to make future Matching Contributions or Supplemental Contributions. However, in no event will amounts forfeited pursuant to Section A.3.3 of Appendix A be allocated to the Accounts of Participants whose Matching Contributions are forfeited pursuant to Section A.3.3 of Appendix A.

ALLOCATION OF FORFEITURES. At the time a forfeiture occurs pursuant to Article IX, Section A.3.3 of Appendix A, the amount forfeited will first be used to reinstate any Account required to be reinstated under Article IX. Forfeitures may also be applied to reduce an Employer’s obligation to make restorative payments (, and interest thereon) described in Section 3.8. Any any remaining forfeitures amount will be applied to reduce the Employer’s obligation to make future Matching Contributions or Supplemental Contributions. However, in no event will amounts forfeited pursuant to Section A.3.3 of Appendix A be allocated to the Accounts of Participants whose Matching Contributions are forfeited pursuant to Section A.3.3 of Appendix A.