Common use of Accounting for Excess Aggregate Contributions Clause in Contracts

Accounting for Excess Aggregate Contributions. Excess Aggregate Contributions that are allocated to a Participant will be forfeited, if forfeitable, or will be distributed on a pro-rata basis from the Participant’s Voluntary Employee Contribution Account, Mandatory Employee Contribution Account, Matching Contribution Account and Qualified Matching Contribution Account (and if applicable, from the Participant’s Qualified Non-Elective Contribution Account, Pre-Tax Elective Deferral Account, Xxxx Elective Deferral Account, or any combination thereof).

Appears in 2 contracts

Samples: 401(k) Non Standardized Prototype Adoption Agreement (Littelfuse Inc /De), 401(k) Non Standardized Prototype Adoption Agreement (Michaels Stores Inc)

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Accounting for Excess Aggregate Contributions. Excess Aggregate Contributions that are allocated to a Participant will shall be forfeited, if forfeitable, forfeitable or will be distributed on a pro-rata basis from the Participant’s Voluntary 's Employee Contribution Account, Mandatory Employee Contribution Accountaccount, Matching Contribution Account and account, Qualified Matching Contribution Account account (and and, if applicable, from the Participant’s 's Qualified Non-Elective elective Contribution Account, Pre-Tax account or Elective Deferral Account, Xxxx Elective Deferral Accountaccount, or both). (E) "Excess Aggregate Contributions" shall mean, with respect to any combination thereof).Plan Year, the excess of:

Appears in 1 contract

Samples: Tax Sheltered Custodial Account Agreement (New England Funds Trust I)

Accounting for Excess Aggregate Contributions. Excess Aggregate Contributions that are allocated to a Participant will be forfeited, forfeited if forfeitable, or will be distributed on a pro-rata basis from the Participant’s Voluntary Employee Contribution Account, Mandatory Employee Contribution Account, Matching Contribution Account and Qualified Matching Contribution Account (Account, and if applicable, from the Participant’s Qualified Non-Non- Elective Contribution Account, Pre-Tax Elective Deferral Account, Xxxx Account or Elective Deferral Account, or any combination thereof)from both.

Appears in 1 contract

Samples: 401(k) Plan Agreement (Provident Bancorp Inc/Ny/)

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Accounting for Excess Aggregate Contributions. Excess Aggregate Contributions that are allocated to a Participant will shall be forfeited, if forfeitable, or will be distributed on a pro-pro rata basis from the Participant’s Voluntary Employee Contribution Account, Mandatory Employee Contribution Contributions Account, Matching Contribution Account and Qualified Matching Contribution Contributions Account (and and, if applicable, from the Participant’s 's Qualified Non-Elective Contribution Account, Pre-Tax Elective Deferral Account, Xxxx Contributions Account or Elective Deferral Account, or any combination thereofboth).. Definitions:

Appears in 1 contract

Samples: 401(k) Retirement Plan Adoption Agreement (WHX Corp)

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