Common use of ALLOCATION OF FORFEITURES Clause in Contracts

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.

Appears in 1 contract

Samples: Prototype Defined Contribution Plan Adoption Agreement (Innerdyne Inc)

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ALLOCATION OF FORFEITURES. Forfeitures shall be (select one from each applicable column): MATCHING 401(k) AND/OR MATCHING THRIFT 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.

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement (Gadzooks Inc)

ALLOCATION OF FORFEITURES. Forfeitures shall be (select one from each applicable column): MATCHING 401(k401(K) AND/OR MATCHING PROFIT-SHARING AND/ OR THRIFT CONTRIBUTIONS CONTRIBUTIONS -------------------- -------------- [X] [ ] CONTRIBUTION |X| (1) used to reduce Employer contributions for succeeding Plan Year. [ ] [X] |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.

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement (Seitel Inc)

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.

Appears in 1 contract

Samples: Defined Contribution Plan (Innerdyne Inc)

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.

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement (Gadzooks Inc)

ALLOCATION OF FORFEITURES. Forfeitures shall be (select one from each applicable column): MATCHING 401(k) AND/OR MATCHING THRIFT 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.

Appears in 1 contract

Samples: Prototype Defined Contribution Plan (Aastrom Biosciences Inc)

ALLOCATION OF FORFEITURES. Forfeitures shall be (select one from each applicable column): MATCHING 401(k401(K) AND/OR MATCHING PROFIT-SHARING THRIFT CONTRIBUTIONS CONTRIBUTIONS -------------------- -------------- [X] [ ] |X| |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.

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement (Bertuccis of White Marsh Inc)

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ALLOCATION OF FORFEITURES. Forfeitures shall be (select one from each applicable column): MATCHING 401(k401(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.

Appears in 1 contract

Samples: Prototype Defined Contribution Plan Adoption Agreement (Samuels Jewelers Inc)

ALLOCATION OF FORFEITURES. Forfeitures shall be (select one from each applicable column): MATCHING 401(k401(K) AND/OR MATCHING THRIFT CONTRIBUTIONS 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.

Appears in 1 contract

Samples: Prototype Defined Contribution Plan Adoption Agreement (Labor Ready Inc)

ALLOCATION OF FORFEITURES. Forfeitures shall be (select one from each applicable column): MATCHING 401(k) AND/OR MATCHING PROFIT-SHARING THRIFT CONTRIBUTIONS CONTRIBUTIONS -------------------- -------------- [X] [ ] /X/ /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.

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement (Sterling Financial Corp /Wa/)

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] [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.

Appears in 1 contract

Samples: 401(k) Plan Adoption Agreement (Good Guys Inc)

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