NO ALLOCATIONS. If, for a Plan Year, there are no allocations of Employer contributions or forfeitures for any Key Employee, the Plan does not require any top heavy minimum allocation for the Plan Year, unless a top heavy minimum allocation applies because of the maintenance by the Employer of more than one plan.
Appears in 6 contracts
Sources: Voluntary Pension and Salary Deferral Plan and Trust Agreement (Flow International Corp), Employee Stock Ownership Plan (Exigent International Inc), Employee Stock Ownership Plan and Trust Agreement (Argo Tech Corp)
NO ALLOCATIONS. If, for a Plan Year, there are no --------------- allocations of Employer contributions or forfeitures for any Key EmployeeEmployee (for purposes of Section 18.04(a)(2)), the Plan does not require any top top-heavy minimum allocation for the Plan Year, unless a top top-heavy minimum allocation applies because of the maintenance by the Employer of more than one plan.
Appears in 1 contract
Sources: 401(k) Volume Submitter Plan and Trust Agreement (Krispy Kreme Doughnuts Inc)