Common use of Allocation of Excess Amounts Clause in Contracts

Allocation of Excess Amounts. (Annual Additions) In the event that the allocation formula above results in an Excess Amount, such excess shall be: [X] (i) placed in a suspense account accruing no gains or losses for the benefit of the Participant. [ ] (ii) reallocated as additional Employer contributions to all other Participants to the extent that they do not have any Excess Amount.

Appears in 1 contract

Samples: Adoption Agreement (Professionals Insurance Co Management Group)

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Allocation of Excess Amounts. (Annual Additions) In the event that the allocation formula above results in an Excess Amount, such excess shall be: [X] (i) placed in a suspense account accruing no gains or losses for the benefit of the Participant. [ ] (ii) reallocated as additional Employer contributions to all other Participants to the extent that they do not have any an Excess Amount. If no answer is specified, the suspense account method will be used.

Appears in 1 contract

Samples: Adoption Agreement (Professionals Insurance Co Management Group)

Allocation of Excess Amounts. (Annual Additions) In the event that the allocation formula above results in an Excess Amount, such excess shall be: [X] |_| (i) placed in a suspense account accruing no gains or losses for the benefit of the Participant. [ ] . (ii) reallocated as additional Employer contributions to all other Participants to the extent that they do not have any Excess Amount.

Appears in 1 contract

Samples: Adoption Agreement (Equivest Finance Inc)

Allocation of Excess Amounts. (Annual Additions) In the event that the allocation formula above results in an Excess Amount, such excess shall be: [X] : (i) placed in a suspense account accruing no gains or losses for the benefit of the Participant. [ [x] (ii) reallocated as additional Employer contributions to all other Participants to the extent that they do not have any an Excess Amount. . If no answer is specified, the suspense account method will be used.

Appears in 1 contract

Samples: Adoption Agreement (Safeguard Scientifics Inc Et Al)

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Allocation of Excess Amounts. (Annual Additions) In the event that the allocation formula above results in an Excess Amount, such excess shall be: [X] : (i) placed in a suspense account accruing no gains or losses for the benefit of the Participant. [ [x] (ii) reallocated as additional Employer contributions to all other Participants to the extent that they do not have any Excess Amount.

Appears in 1 contract

Samples: Adoption Agreement (Safeguard Scientifics Inc Et Al)

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