Allocation Alternatives. (i) Not Applicable. All contributions are always fully vested. (ii) Forfeitures shall be allocated to Participants in the same manner as the Employer's contribution. (iii) Forfeitures shall be applied to reduce the Employer's contribution for such Plan Year. (iv) Forfeitures shall be applied to offset administrative expenses of the Plan. If forfeitures exceed these expenses, (iii) above shall apply.
Appears in 1 contract
Samples: Adoption Agreement (Shared Technologies Cellular Inc)
Allocation Alternatives. (i) Not Applicable. All contributions are always fully vested.
(ii) Forfeitures shall be allocated to Participants in the same manner as the Employer's contribution.
(iii) Forfeitures shall be applied to reduce the Employer's contribution for such Plan Year.
. [X] (iv) Forfeitures shall be applied to offset administrative expenses of the Plan. If forfeitures exceed these expenses, (iii) above shall apply.
Appears in 1 contract
Samples: 401(k) Retirement Plan and Trust Agreement (California Coastal Communities Inc)
Allocation Alternatives. o
(i) Not Applicable. All contributions are always fully vested.. o
(ii) Forfeitures shall be allocated to Participants in the same manner as the Employer's contribution.
. ý (iii) Forfeitures shall be applied to reduce the Employer's contribution for such Plan Year.
(iv) Forfeitures shall be applied to offset administrative expenses of the Plan. If forfeitures exceed these expenses, (iii) above shall apply.o
Appears in 1 contract
Samples: Non Standardized Adoption Agreement (East West Bancorp Inc)
Allocation Alternatives. (i) Not Applicable. All contributions are always fully vested.
. [X] (ii) Forfeitures shall be allocated to Participants in the same manner as the Employer's contribution.
(iii) Forfeitures shall be applied to reduce the Employer's contribution for such Plan Year.
(iv) Forfeitures shall be applied to offset administrative expenses of the Plan. If forfeitures exceed these expenses, (iii) above shall apply.
Appears in 1 contract
Samples: Non Standardized Adoption Agreement (Valley National Corp /De/)
Allocation Alternatives. (i) Not Applicableapplicable. All contributions are always fully vested.
(ii) Forfeitures shall be allocated to Participants in the same manner as the Employer's contribution.
(iii) Forfeitures shall be applied to reduce the Employer's contribution for such Plan Year.
. [X] (iv) Forfeitures shall be applied to offset administrative expenses of the Plan. If forfeitures exceed these expenses, (iii) above shall apply.
Appears in 1 contract
Allocation Alternatives. (i) Not Applicable. All contributions are always fully vested.
(ii) Forfeitures shall be allocated to Participants in the same manner as the Employer's contribution.
(iii) Forfeitures shall be applied to reduce the Employer's contribution for such Plan Year.
(iv) Forfeitures shall be applied to offset administrative expenses of the Plan. If forfeitures exceed these expenses, expenses (iii) above shall will apply.
Appears in 1 contract
Samples: Adoption Agreement (Safeguard Scientifics Inc Et Al)
