ALLOCATION OF FORFEITURES. NOTE: Subsections (a), (b) and (c) below apply to forfeitures of amounts other than Excess Aggregate Contributions.
ALLOCATION OF FORFEITURES. Forfeitures of Non-Safe Harbor Matching Contribution # 1 which are not used to pay administrative expenses as permitted under Section 3.4 of the Basic Plan will be allocated (or used) as selected below.
(a) Forfeitures attributable to Non-Safe Harbor Matching Contributions will be: (check one) x 1) Used to reduce Employer contributions as described in Section 3.13(b)(2) of the Basic Plan
ALLOCATION OF FORFEITURES. Forfeitures shall be (select one from each applicable column): MATCHING 401(k) AND/OR MATCHING PROFIT-SHARING THRIFT CONTRIBUTIONS CONTRIBUTIONS -------------------- -------------- [X] [ ] (1) used to reduce Employer contributions for succeeding Plan Year. [ ] [X] (2) allocated in the succeeding Plan Year in the ratio which the Compensation of each Participant for the Plan Year bears to the total Compensation of all Participants entitled to share in the Contributions. If the Plan is integrated with Social Security, forfeitures shall be allocated in accordance with the formula elected by the Employer.
ALLOCATION OF FORFEITURES. Forfeitures for a Plan Year which arise as a result of the application of Section 6.01(D) shall be allocated as follows:
ALLOCATION OF FORFEITURES. The Trustee, shall, as soon as practicable following the Anniversary Date marking the close of each Plan Year, allocate the forfeitures which have occurred in that Plan Year first to reinstate any forfeitures of any reemployed Participant under Section 6.2 and second, if any forfeitures are remaining after the reinstatements described above are completed, among the Company Contributions Accounts of all Employees who were or became Participants on the Anniversary Date of that Plan Year or whose Years of Service terminated during that Plan Year because of death, Total Disability or Deferred or Normal Retirement. The forfeitures shall be allocated among such Accounts in the same manner provided for under Section 4.2.
ALLOCATION OF FORFEITURES. The Employer may decide in its discretion how to treat forfeitures under the Plan. Alternatively, the Employer may designate under this AA §8-6 how forfeitures occurring during a Plan Year will be treated. 🗹 🞎 (a) N/A. All contributions are 100% vested. [Do not complete the rest of this AA §8-6.] 🞎 🞎 (b) Reallocated as additional Employer Contributions or as additional Matching Contributions. 🞎 🞎 (c) Used to reduce Employer and/or Matching Contributions. For purposes of subsection (b) or (c), forfeitures will be applied: 🞎 🞎 (d) for the Plan Year in which the forfeiture occurs. 🞎 🞎 (e) for the Plan Year following the Plan Year in which the forfeitures occur. Prior to applying forfeitures under subsection (b) or (c): 🞎 🞎 (f) Forfeitures may be used to pay Plan expenses. 🞎 🞎 (g) Forfeitures may not be used to pay Plan expenses. In determining the amount of forfeitures to be allocated under subsection (b), the same allocation conditions apply as for the source for which the forfeiture is being allocated under AA §6-7 or AA §6B-7, unless designated otherwise below:
ALLOCATION OF FORFEITURES. At the time a forfeiture occurs pursuant to Article VIII, Section A.3.2 of Appendix A or Section A.3.3 of Appendix A, the amount forfeited will first be used to reinstate any Account required to be reinstated under Article VIII, and any remaining amount will be applied to reduce the Employer's obligation to make future Matching Contributions or Supplemental Contributions. However, in no event will amounts forfeited pursuant to Section A.3.2 or Section A.3.3 of Appendix A be allocated to the Accounts of Participants whose Matching Contributions are forfeited pursuant to Section A.3.2 or Section A.3.3 of Appendix A.
ALLOCATION OF FORFEITURES. Forfeitures occurring during a Plan Year, first shall be applied, under Section 6.1(c)(4)(B) to the restoration of forfeitures and, then, shall be used to reduce future Annual Employer Contributions due under Section 4.3 or Profit Sharing Contributions due under Section 4.2.
ALLOCATION OF FORFEITURES. (A) Shall forfeitures be allocated in accordance with Section 5.5 of the Plan (check one)? [ X ] (1) Yes [ ] (2) No [ ] (3) N/A (No forfeitures) If Section A.5.5(A)(1) is checked, such allocation shall be effected as of the last day of the (check one): [ ] (a) month [ ] (b) quarter [ X ] (c) Plan Year in which the forfeiture occurs under Section 7.6(c) of the Plan, in proportion to the Employer and/or Matching Contributions (as applicable) allocated to the remaining Participants for the period for which the allocation is effected.
(B) If Section A.5.5(A)(2) is checked, forfeitures shall be allocated as follows (check applicable block):
(1) Matching Account forfeitures shall be used to reduce Matching Contributions for the Plan Year in which such forfeitures occur but otherwise the provisions of Section 5.5 of the Plan shall apply.
(2) All Matching and Employer Account forfeitures shall be used to reduce Matching and Employer Contributions for the Plan Year in which such forfeitures occur. [ X ] (3) N/A (Forfeitures shall be allocated under Section 5.5 of Plan or no forfeitures).
ALLOCATION OF FORFEITURES. 14 Section 4.7. Special Allocation Rules.....................15 Section 4.8. Rehire after Military Service................16
