Common use of FORFEITURE ALLOCATION METHOD Clause in Contracts

FORFEITURE ALLOCATION METHOD. (3.07). [Note: Even if the Employer elects immediate vesting, the Employer should complete Election 30. See Section 7.07.] The Plan Administrator will allocate a Participant forfeiture attributable to all Contribution Types or attributable to all Nonelective Contributions or to all Matching Contributions as follows (Choose one or more of (a) through (g) and choose Contribution Type as applicable. Choose (f) only in conjunction with at least one other election.):

Appears in 3 contracts

Samples: hr.cornell.edu, hr.cornell.edu, hr.cornell.edu

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FORFEITURE ALLOCATION METHOD. (3.07). [Note: Even if the Employer elects immediate vesting, the Employer should complete Election 30. See Section 7.07.] The Plan Administrator will allocate a Participant forfeiture attributable to all Contribution Types or attributable to all Nonelective Contributions or to all Matching Contributions as follows (Choose one or more of (a) through (g) and choose Contribution Type as applicable. Choose (f) only in conjunction with at least one other election.):): (1) (2) (3) All Forfeitures Nonelective Forfeitures Matching Forfeitures

Appears in 1 contract

Samples: willamette.edu

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