Allocation of Forfeitures of Employer Profit Sharing Contributions Sample Clauses

Allocation of Forfeitures of Employer Profit Sharing Contributions. Forfeitures of Employer Profit Sharing Contributions shall be (Choose one):
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Allocation of Forfeitures of Employer Profit Sharing Contributions. Forfeitures of Employer Profit Sharing Contributions will be (select one):
Sample 1Sample 2
Allocation of Forfeitures of Employer Profit Sharing Contributions. Forfeitures of Employer Profit Sharing Contributions shall be (Choose one): OPTION 1: [X] Allocated to the Individual Accounts of the Participants specified below in the manner as described in Section 11, Part B (for Employer Profit Sharing Contributions) The Participants entitled to receive allocations of such Forfeitures shall be (Choose one): SUBOPTION (A): [X] Only Qualifying Participants. SUBOPTION (B): [ ] All Participants.
Sample 1
Allocation of Forfeitures of Employer Profit Sharing Contributions. Forfeitures of Employer Profit Sharing Contributions shall be (Choose one): OPTION 1: [ ] Allocated to the Individual Accounts on the Participants specified below in the manner as described in Section 11, Part B (for Employer Profit Sharing Contributions).
Sample 1
Allocation of Forfeitures of Employer Profit Sharing Contributions. Forfeitures of Employer Profit Sharing Contributions shall be (choose one): Option 1: _X_ Allocated to the Individual Accounts of the Participants specified below in the manner as described in Section 11, Part B (for Employer Profit Sharing Contributions) The Participants entitled to receive allocations of such Forfeitures shall be: Suboption (a) _X_ Only Qualifying Participants Suboption (b) ___ All Participants Option 2: ___ Applied to reduce Employer Profit Sharing Contributions (choose one) Suboption (a) ___ For the Plan Year for which the Forfeiture arises Suboption (b) ___ For any Plan Year subsequent to the Plan Year for which the Forfeiture arises.
Sample 1
Allocation of Forfeitures of Employer Profit Sharing Contributions. Forfeitures of Employer Profit Sharing Contributions shall be (Choose one): Option 1: Allocated to the Individual Accounts of the Participants specified below in the manner as described in Section 10, Part B (for Employer Profit Sharing Contributions) The Participants entitled to receive allocations of such Forfeitures shall be (Choose one): Suboption (a): O Only Qualifying Participants. Suboption (b): O All Participants. Option 2: Applied to reduce Employer Profit Sharing Contributions (Choose one): Suboption (a): O For the Plan Year for which the Forfeiture arises. Suboption (b): For any Plan Year subsequent to the Plan Year for which the Forfeiture arises. Option 3: Applied first to the payment of the Plan's administrative expenses and any excess applied to reduce Employer Profit Sharing Cent ribut ions (Choose one): Suboption (a): O For the Plan Year for which the Forfeiture arises. Suboption (b): O For any Plan Year subsequent to the Plan Year for which the Forfeitures arises.
Sample 1

Related to Allocation of Forfeitures of Employer Profit Sharing Contributions

  • Employer Profit Sharing Contributions An Employee will be eligible to become a Participant in the Plan for purposes of receiving an allocation of any Employer Profit Sharing Contribution made pursuant to Section 10 of the Adoption Agreement after completing ________ (enter 0, 1, 2 or any fraction less than 2)

  • Employer Contributions If Employer contributions are permitted, complete (a) and/or (b). Otherwise complete (c).

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Qualified Matching Contributions If selected below, the Employer may make Qualified Matching Contributions for each Plan Year (select all those applicable):

  • Catch-Up Contributions Unless otherwise elected in Section 2.4 of this amendment, all employees who are eligible to make elective deferrals under this plan and who have attained age 50 before the close of the plan year shall be eligible to make catch-up contributions in accordance with, and subject to the limitations of, Section 414(v) of the Code. Such catch-up contributions shall not be taken into account for purposes of the provisions of the plan implementing the required limitations of Sections 402(g) and 415 of the Code. The plan shall not be treated as failing to satisfy the provisions of the plan implementing the requirements of Section 401(k)(3), 401(k)(11), 401(k)(12), 410(b), or 416 of the Code, as applicable, by reason of the making of such catch-up contributions.

  • PARTICIPANT NONDEDUCTIBLE CONTRIBUTIONS The Plan: (Choose (a) or (b); (c) is available only with (b)) [X] (a) Does not permit Participant nondeductible contributions. [ ] (b) Permits Participant nondeductible contributions, pursuant to Section 14.04 of the Plan.

  • Qualified Nonelective Contributions If the Employer, at the time of contribution, designates a contribution to be a qualified nonelective contribution for the Plan Year, the Advisory Committee will allocate that qualified nonelective contribution to the Qualified Nonelective Contributions Account of each Participant eligible for an allocation of that designated contribution, as specified in Section 3.04 of the Employer's Adoption Agreement. The Advisory Committee will make the allocation to each eligible Participant's Account in the same ratio that the Participant's Compensation for the Plan Year bears to the total Compensation of all eligible Participants for the Plan Year. The Advisory Committee will determine a Participant's Compensation in accordance with the general definition of Compensation under Section 1.12 of the Plan, as modified by the Employer in Sections 1.12 and 3.06 of its Adoption Agreement.

  • DEFERRAL CONTRIBUTIONS The Advisory Committee will allocate to each Participant's Deferral Contributions Account the amount of Deferral Contributions the Employer makes to the Trust on behalf of the Participant. The Advisory Committee will make this allocation as of the last day of each Plan Year unless, in Adoption Agreement Section 3.04, the Employer elects more frequent allocation dates for salary reduction contributions.

  • Rollover Contributions An amount which qualifies as a rollover contribution pursuant to the Federal Internal Revenue Code may be transferred to and paid under this contract as a contribution for a Participant. Prudential may require proof that the amount paid so qualifies.

  • Allocation of Forfeitures NOTE: Subsections (a), (b) and (c) below apply to forfeitures of amounts other than Excess Aggregate Contributions.

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