Common use of Forfeiture Allocation Alternatives Clause in Contracts

Forfeiture Allocation Alternatives. 1. Not applicable; all contributions are fully vested. 2. Select one or more methods in which forfeitures associated with the contribution type will be allocated (number each item in order of use): All Non-Safe Harbor Non-Elective Disposition Method Matching Contributions Contributions a. Restoration of Participant's forfeitures. b. Used to offset Plan expenses. c. Used to reduce the Employer's Non-Elective Contribution. d. Used to reduce the Employer's e. Added to the Employer's contribution (other than Matching Contributions or Base Integration Fonmula) under the Plan. f. Added to the Employer's Matching Contribution under the Plan (these contributions will be subject to ACP Testing). g. Allocate to all Participants eligible to share in the allocations in the same proportion that each Participant's Compensation for the year bears to the Compensation of all other Participants for such year. N/A h. Allocate to all NHCEs eligible to share such Participant's Compensation for the year. N/A i. Allocate to all NHCEs eligible to share in Participant's Elective Deferrals for the year. N/A j. Allocate to all Participants eligible to share in the allocations in the same proportion that each Participant's Elective Deferrals for the year bears to the Elective Deferrals of all Participants for such year. N/A Participants eligible to share in the allocation of other Employer contributions under Section VI shall be eligible to share in the allocation of forfeitures. The selection of (i) or 0) may require that the Plan be tested for nondiscrimination using a general test described in Regulations Section 1.41O(b).

Appears in 1 contract

Samples: Adoption Agreement for Cash or Deferred Profit Sharing Plan (BBCN Bancorp Inc)

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Forfeiture Allocation Alternatives. [x] 1. Not applicable; all contributions are fully vested. . [ ] 2. Select one or more methods in which forfeitures associated with the contribution type will be allocated (number each item in order of use): All Non-Safe Harbor Non-Elective Disposition Method Matching Contributions ContributionsAll Other a. Restoration of Participant's ’s forfeitures. b. Used to offset Plan expenses.. __________ ______________ c. Used to reduce the Employer's ’s Non-Elective Contribution. d. Used to reduce the Employer's’s Matching Contribution. e. Added to the Employer's ’s contribution (other than Matching Contributions or Base Integration FonmulaFormula) under the Plan. f. Added to the Employer's ’s Matching Contribution under the Plan (these contributions will be subject to ACP Testing).. ___ _________ _____________ g. Allocate to all Participants eligible to share in the allocations in the same proportion that each Participant's ’s Compensation for the year bears to the Compensation of all 401(k) NS AA #010 2626 other Participants Participant’s for such year. N/A h. Allocate to all NHCEs eligible to share in the allocations in proportion to each such Participant's ’s Compensation for the year. N/A i. Allocate to all NHCEs eligible to share in the allocations in proportion to each such Participant's ’s Elective Deferrals for the year. N/A j. Allocate to all Participants eligible to share in the allocations in the same proportion that each Participant's ’s Elective Deferrals for the year bears to the Elective Deferrals of all Participants for such year. N/A Participants eligible to share in the allocation of other Employer contributions under Section VI shall be eligible to share in the allocation of forfeitures. The selection of (i) or 0(j) may require that the Plan be tested for nondiscrimination using a general test described in Regulations Section 1.41O(b1.410(b).

Appears in 1 contract

Samples: Adoption Agreement (Connecticut Water Service Inc / Ct)

Forfeiture Allocation Alternatives. o 1. Not applicable; all contributions are fully vested. þ 2. Select one or more methods in which forfeitures associated with the contribution type will be allocated (number each item in order of use): All Non-Safe Harbor Non-Elective Disposition Method Matching Contributions Contributions): a. Restoration of Participant's ’s forfeitures.. 1 b. Used to offset Plan expenses.. 3 c. Used to reduce the Employer's ’s Non-Elective Contribution. d. Used to reduce the Employer's’s Matching Contribution. 2 e. Added to the Employer's ’s contribution (other than Matching Contributions or Base Integration FonmulaFormula) under the Plan. f. Added to the Employer's ’s Matching Contribution under the Plan (these contributions will be subject to ACP Testing). g. Allocate to all Participants eligible to share in the allocations in the same proportion that each Participant's ’s Compensation for the year bears to the Compensation of all other Participants for such year. N/A h. Allocate to all NHCEs eligible to share in the allocations in proportion to each such Participant's ’s Compensation for the year. N/A i. Allocate to all NHCEs eligible to share in the allocations in proportion to each such Participant's ’s Elective Deferrals for the year. N/A j. Allocate to all Participants eligible to share in the allocations in the same proportion that each Participant's ’s Elective Deferrals for the year bears to the Elective Deferrals of all Participants for such year. N/A Participants eligible to share in the allocation of other Employer contributions under Section VI shall be eligible to share in the allocation of forfeitures. The selection of (i) or 0(j) may require that the Plan be tested for nondiscrimination using a general test described in Regulations Regulation Section 1.41O(b1.410(b).

Appears in 1 contract

Samples: Adoption Agreement (Sterling Chemicals Inc)

Forfeiture Allocation Alternatives. o 1. Not applicable; all contributions are fully vested. x 2. Select one or more methods in which forfeitures associated with the contribution type will be allocated (number each item in order of use): Disposition Method All Non-Safe Harbor Non-Elective Disposition Method Matching Contributions All Other Contributions a. Restoration of Participant's ’s forfeitures. b. Used to offset Plan expenses.. 1 c. Used to reduce the Employer's ’s Non-Elective Contribution. d. Used to reduce the Employer's’s Matching Contribution. 2 e. Added to the Employer's ’s contribution (other than Matching Contributions or Base Integration FonmulaFormula) under the Plan. f. Added to the Employer's ’s Matching Contribution under the Plan (these contributions will be subject to ACP Testing). g. Allocate to all Participants eligible to share in the allocations in the same proportion that each Participant's ’s Compensation for the year bears to the Compensation of all other Participants Participant’s for such year. N/A h. Allocate to all NHCEs eligible to share in the allocations in proportion to each such Participant's ’s Compensation for the year. N/A i. Allocate to all NHCEs eligible to share in the allocations in proportion to each such Participant's ’s Elective Deferrals for the year. N/A j. Allocate to all Participants eligible to share in the allocations in the same proportion that each Participant's ’s Elective Deferrals for the year bears to the Elective Deferrals of all Participants for such year. 3 N/A Participants eligible to share in the allocation of other Employer contributions under Section VI shall be eligible to share in the allocation of forfeitures. The selection of (i) or 0(j) may require that the Plan be tested for nondiscrimination using a general test described in Regulations Section 1.41O(b1.410(b).

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (First Northwest Bancorp)

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Forfeiture Allocation Alternatives. [ ] 1. Not applicable; all contributions are fully vested. . [x] 2. Select one or more methods in which forfeitures associated with the contribution type will be allocated (number each item in order of use): Employer Contribution Type Disposition Method All Non-Safe Harbor Non-Elective Disposition Method Matching Contributions All Other Contributions a. Restoration of Participant's ’s forfeitures.. 1 1 b. Used to offset Plan expenses. c. Used to reduce the Employer's ’s Non-Elective Contribution. d. Used to reduce the Employer's’s Matching Contribution. 2 e. Added to the Employer's ’s contribution (other than Matching Contributions or Base Integration FonmulaFormula) under the Plan. f. Added to the Employer's ’s Matching Contribution under the Plan (these contributions will be subject to ACP Testing). g. Allocate to all Participants eligible to share in the allocations in the same proportion that each Participant's ’s Compensation for the year bears to the Compensation of all other Participants Participant’s for such year. N/AA 2 h. Allocate to all NHCEs eligible to share in the allocations in proportion to each such Participant's ’s Compensation for the year. N/A i. Allocate to all NHCEs eligible to share in the allocations in proportion to each such Participant's ’s Elective Deferrals for the year. N/A A j. Allocate to all Participants eligible to share in the allocations in the same proportion that each Participant's ’s Elective Deferrals for the year bears to the Elective Deferrals of all Participants for such year. N/A Participants eligible to share in the allocation of other Employer contributions under Section VI shall be eligible to share in the allocation of forfeitures. The selection of (i) or 0(j) may require that the Plan be tested for nondiscrimination using a general test described in Regulations Section 1.41O(b1.410(b).

Appears in 1 contract

Samples: Defined Contribution Plan (Old Dominion Freight Line Inc/Va)

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