FORFEITURE ALLOCATION. Subject to any restoration allocation required under Sections 5.04 or 9.14, the Advisory Committee will allocate a Participant forfeiture in accordance with Section 3.04: (CHOOSE (a) OR (b); (c) AND (d) ARE OPTIONAL IN ADDITION TO (a) OR (b)) (a) As an Employer nonelective contribution for the Plan Year in which the forfeiture occurs, as if the Participant forfeiture were an additional nonelective contribution for that Plan Year. (b) To reduce the Employer matching contributions and nonelective contributions for the Plan Year: (CHOOSE (1) OR (2)) [ ] (1) in which the forfeiture occurs.
Appears in 2 contracts
Sources: Adoption Agreement (Billing Concepts Corp), Adoption Agreement (Industrial Data Systems Corp)
FORFEITURE ALLOCATION. Subject to any restoration allocation required under Sections 5.04 or 9.14, the Advisory Committee will allocate a Participant forfeiture in accordance with Section 3.04: (CHOOSE (aA) OR (bB); (cC) AND (dD) ARE OPTIONAL IN ADDITION TO (aA) OR (bB))
(a) As an Employer nonelective contribution for the Plan Year in which the forfeiture occurs, as if the Participant forfeiture were an additional nonelective contribution for that Plan Year.
(b) To reduce the Employer matching contributions and nonelective contributions for the Plan Year: (CHOOSE (1) OR (2)) [ ] (1) in which the forfeiture occurs.
Appears in 2 contracts
Sources: Retirement Savings Plan Adoption Agreement (World Acceptance Corp), Adoption Agreement (American Community Bancshares Inc)
FORFEITURE ALLOCATION. Subject to any restoration allocation required under Sections 5.04 or 9.14, the Advisory Committee will allocate a Participant forfeiture in accordance with Section 3.04: (CHOOSE (aA) OR (bB); (cC) AND (dD) ARE OPTIONAL IN ADDITION TO (aA) OR (bB))
(a) As an Employer nonelective contribution for the Plan Year in which the forfeiture occurs, as if the Participant forfeiture were an additional nonelective contribution for that Plan Year.
. [_] (b) To reduce the Employer matching contributions and nonelective contributions for the Plan Year: (CHOOSE (1) OR (2)) [ ] )
(1) in which the forfeiture occurs. [_] (2) immediately following the Plan Year in which the forfeiture occurs.
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FORFEITURE ALLOCATION. Subject to any restoration allocation required under Sections 5.04 or 9.14, the Advisory Committee will allocate a Participant forfeiture in accordance with Section 3.04: (CHOOSE (a) OR (b); (c) AND (d) ARE OPTIONAL IN ADDITION TO (a) OR (b))) [ ]
(a) As an Employer nonelective contribution for the Plan Year in which the forfeiture occurs, as if the Participant forfeiture were an additional nonelective contribution for that Plan Year.
. [X] (b) To reduce the Employer matching contributions and nonelective contributions for the Plan Year: (CHOOSE (1) OR (2)) [ ] (1) in which the forfeiture occurs. [X] (2) immediately following the Plan Year in which the forfeiture occurs.
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Sources: Defined Contribution Master Plan and Trust Agreement (Sonic Corp)
FORFEITURE ALLOCATION. Subject to any restoration allocation required under Sections 5.04 or 9.14, the Advisory Committee will allocate a Participant forfeiture in accordance with Section 3.04: (CHOOSE Choose (a) OR or (b); (c) AND and (d) ARE OPTIONAL IN ADDITION TO are optional in addition to (a) OR or (b))) [ ]
(a) As an Employer nonelective contribution for the Plan Year in which the forfeiture occurs, as if the Participant forfeiture were an additional nonelective contribution for that Plan Year.
. [X] (b) To reduce the Employer matching contributions and nonelective contributions for the Plan Year: (CHOOSE Choose (1) OR or (2)) [ [X ] (1) in which the forfeiture occurs.. [ ]
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