Application of Forfeitures. Any forfeitures of Matching Contributions (and earnings thereon) or Employer Contributions (and earnings thereon) arising during a Plan Year beginning after December 31, 2007 shall first be used to restore any prior forfeitures required pursuant to subsection 11.6, and then shall be used to reduce future Matching Contributions.
Appears in 3 contracts
Sources: 401(k) Savings and Retirement Plan (Castle a M & Co), 401(k) Savings and Retirement Plan (Castle a M & Co), 401(k) Savings and Retirement Plan (Castle a M & Co)