Common use of Allocation of Excess Annual Additions Clause in Contracts

Allocation of Excess Annual Additions. In the event that the allocation formula results in an Excess Amount, such excess, after distribution of Employee contributions, shall be: i. Placed in a suspense account for the benefit of the Participant without the crediting of 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. IF NO METHOD IS SPECIFIED, THE SUSPENSE ACCOUNT METHOD WILL BE USED.

Appears in 3 contracts

Samples: Nonstandardized Adoption Agreement (Jda Software Group Inc), Nonstandardized Adoption Agreement (Banctrust Financial Group Inc), Adoption Agreement (Thomasville Bancshares Inc)

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Allocation of Excess Annual Additions. In the event that the allocation formula results in an Excess Amount, such excess, after distribution of Employee contributions, shall be: ¨ i. Placed in a suspense account for the benefit of the Participant without the crediting of 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. IF NO METHOD IS SPECIFIED, THE SUSPENSE ACCOUNT METHOD WILL BE USED.

Appears in 1 contract

Samples: Defined Contribution Plan (United Community Bancorp)

Allocation of Excess Annual Additions. In the event that the allocation formula results in an Excess Amount, such excess, after distribution of Employee contributions, shall be: i. : [ ]i.Placed in a suspense account for the benefit of the Participant without the crediting of gains or losses for the benefit of the Participant. [ ]ii. ii. Reallocated as additional Employer contributions to all other Participants to the extent that they do not have any Excess Amount. IF NO METHOD IS SPECIFIED, THE SUSPENSE ACCOUNT METHOD WILL BE USED.

Appears in 1 contract

Samples: Profit Sharing Plan Adoption Agreement (First Farmers & Merchants Corp)

Allocation of Excess Annual Additions. In the event that the allocation formula results in an Excess Amount, such excess, after distribution of Employee contributions, shall be: : [x] i. Placed in a suspense account for the benefit of the Participant without the crediting of 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. IF NO METHOD IS SPECIFIED, THE SUSPENSE ACCOUNT METHOD WILL BE USED.

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (Banctrust Financial Group Inc)

Allocation of Excess Annual Additions. In the event that the allocation formula results in an Excess Amount, such excess, after distribution of Employee contributions, shall be: i. Placed in a suspense account for the benefit of the Participant without the crediting of 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. IF NO METHOD IS SPECIFIEDIf no method is specified, THE SUSPENSE ACCOUNT METHOD WILL BE USEDthe suspense account method will be used.

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (CRH Public LTD Co)

Allocation of Excess Annual Additions. In the event that the allocation formula results in an Excess Amount, such excess, after distribution of Employee contributions, shall be: o i. Placed in a suspense account for the benefit of the Participant without the crediting of gains or losses for the benefit of the Participant. o ii. Reallocated as additional Employer contributions to all other Participants to the extent that they do not have any Excess Amount. IF NO METHOD IS SPECIFIED, THE SUSPENSE ACCOUNT METHOD WILL BE USED.

Appears in 1 contract

Samples: Cash or Deferred Profit Sharing Plan Adoption Agreement (Willis Group Holdings LTD)

Allocation of Excess Annual Additions. In the event that the allocation formula results in an Excess Amount, such excess, after distribution of Employee contributions, shall be: ( ) i. Placed in a suspense account for the benefit of the Participant without the crediting of 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. IF NO METHOD IS SPECIFIEDIf no method is specified, THE SUSPENSE ACCOUNT METHOD WILL BE USEDthe suspense account method will be used.

Appears in 1 contract

Samples: Adoption Agreement (Socket Communications Inc)

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Allocation of Excess Annual Additions. In the event that the allocation formula results in an Excess Amount, such excess, after distribution of Employee contributions, shall be: x i. Placed in a suspense account for the benefit of the Participant without the crediting of 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. IF NO METHOD IS SPECIFIED, THE SUSPENSE ACCOUNT METHOD WILL BE USED.

Appears in 1 contract

Samples: Defined Contribution Plan (Chicopee Bancorp, Inc.)

Allocation of Excess Annual Additions. In the event that the allocation formula results in an Excess Amount, such excess, after distribution of Employee contributions, shall be: i. Placed in a suspense account for the benefit of the Participant without the crediting of 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. IF NO METHOD IS SPECIFIED, THE SUSPENSE ACCOUNT METHOD WILL BE USED.

Appears in 1 contract

Samples: Defined Contribution Plan (Spheris Leasing LLC)

Allocation of Excess Annual Additions. In the event that the allocation formula results in an Excess Amount, such excess, after distribution of Employee contributions, shall be: x i. Placed in a suspense account for the benefit of the Participant without the crediting of 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. IF NO METHOD IS SPECIFIED, THE SUSPENSE ACCOUNT METHOD WILL BE USED.

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (Legacy Bancorp, Inc.)

Allocation of Excess Annual Additions. In the event that the allocation formula results in an Excess Amount, such excess, after distribution of Employee contributions, shall be: : ¨ i. Placed in a suspense account for the benefit of the Participant without the crediting of 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. IF NO METHOD IS SPECIFIED, THE SUSPENSE ACCOUNT METHOD WILL BE USED.

Appears in 1 contract

Samples: Defined Contribution Plan (FNB United Corp.)

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