Common use of Allocation of Forfeitures of Employer Profit Sharing Contributions Clause in Contracts

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): [ ] Only Qualifying Participants. Suboption (b): [ ] All Participants. Option 2: [ ] Applied to reduce Employer Profit Sharing Contributions (Choose one): (a) [ ] For the Plan Year for which the Forfeiture arises.

Appears in 2 contracts

Samples: Flexible Nonstandardized Safe Harbor 401(k) Profit Sharing Plan Adoption Agreement (Tri Continental Corp), Flexible Standardized 401(k) Profit Sharing Plan Adoption Agreement (Tri Continental Corp)

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Allocation of Forfeitures of Employer Profit Sharing Contributions. Forfeitures of Employer Profit Sharing Contributions shall be (Choose one): Option ): OPTION 1: [ [X] Allocated to the Individual Accounts of the Participants specified below in the manner as described in Section 1011, Part B (for Employer Profit Sharing Contributions). ) The Participants entitled to receive allocations of such Forfeitures shall be (Choose one): Suboption SUBOPTION (aA): [ [X] Only Qualifying Participants. Suboption SUBOPTION (bB): [ ] All Participants. Option 2: [ ] Applied to reduce Employer Profit Sharing Contributions (Choose one): (a) [ ] For the Plan Year for which the Forfeiture arises.

Appears in 1 contract

Samples: Comprehensive Standardized 401(k) Profit Sharing Plan Adoption Agreement (Edutrek Int Inc)

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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

Appears in 1 contract

Samples: Flexible Nonstandardized Safe Harbor 401(k) Profit Sharing Plan Adoption Agreement (Equivest Finance Inc)

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