Common use of FORFEITURE ALLOCATION Clause in Contracts

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 11 contracts

Sources: Retirement Savings Plan (Capital Holdings Inc), Adoption Agreement (Washington Homes Inc), Adoption Agreement (Brenton Banks 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 (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)) [ [X] (1) in which the forfeiture occurs.

Appears in 6 contracts

Sources: Adoption Agreement (Mmi Products Inc), Adoption Agreement (Fidelity National Corp /Ga/), Adoption Agreement (Midcoast Energy Resources Inc)

FORFEITURE ALLOCATION. Subject to any restoration allocation ---------------------- required under Sections Section s 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 3 contracts

Sources: Adoption Agreement (Modine Manufacturing Co), Adoption Agreement (Modine Manufacturing Co), Adoption Agreement (Modine Manufacturing Co)

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.

Appears in 3 contracts

Sources: Adoption Agreement (Paychex Inc), Adoption Agreement (Motor Cargo Industries Inc), Adoption Agreement (Motor Cargo Industries 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 (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. . [n/a] (b) To reduce the Employer matching contributions and nonelective contributions for the Plan Year: (Choose (1) or (2)) [ [n/a] (1) in which the forfeiture occurs. [n/a] (2) immediately following the Plan Year in which the forfeiture occurs.

Appears in 2 contracts

Sources: Retirement Savings Plan Adoption Agreement (Autobytel Com Inc), Retirement Savings Plan Adoption Agreement (Autobytel Com 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 (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)) [ ] o (1) in which the forfeiture occurs.

Appears in 1 contract

Sources: Adoption Agreement (Sauer Danfoss 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 (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.

Appears in 1 contract

Sources: Adoption Agreement (Regal Beloit 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 (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 1 contract

Sources: Adoption Agreement (Ifb Holdings 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 (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 1 contract

Sources: Adoption Agreement (Transcrypt International 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 (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.

Appears in 1 contract

Sources: Adoption Agreement (House of Fabrics Inc/De/)

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))) [x] (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 1 contract

Sources: Adoption Agreement (Wicor 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 (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. . [N/A] (b) To reduce the Employer matching contributions and nonelective contributions for the Plan Year: (Choose (1) or (2)) [ [N/A] (1) in which the forfeiture occurs. [N/A] (2) immediately following the Plan Year in which the forfeiture occurs.

Appears in 1 contract

Sources: Adoption Agreement (Mercury Air Group 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 (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.

Appears in 1 contract

Sources: Adoption Agreement (American Stone Industries 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 (a) or (b); (c) and (d) are is 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 Employer contribution for that Plan Year. (b) To reduce the Employer matching contributions and nonelective contributions contribution for the Plan Year: (Choose (1) or (2)) [ ] (1) in which the forfeiture occurs.. [ ]

Appears in 1 contract

Sources: Adoption Agreement (Timberland Bancorp 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 (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 1 contract

Sources: Defined Contribution Prototype Plan and Trust Agreement (High Country Bancorp 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 (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)) [ [X] (1) in which the forfeiture occurs. [ ] (2) immediately following the Plan Year in which the forfeiture occurs.

Appears in 1 contract

Sources: Adoption Agreement (FBL Financial Group 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 (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)) [ X ] (1) in which the forfeiture occurs.

Appears in 1 contract

Sources: Adoption Agreement (Resortquest International 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 (a) or (b); (c) and (d) are optional in addition to (a) or (b))) /x/ (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. /x/

Appears in 1 contract

Sources: Adoption Agreement (Direct Focus Inc)