Common use of ALLOCATION OF FORFEITURES Clause in Contracts

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. (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. (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 mployer 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).