Common use of FORFEITURE ALLOCATION METHOD Clause in Contracts

FORFEITURE ALLOCATION METHOD. (3.07). The Plan Administrator will allocate a Participant forfeiture attributable to all Contribution Types or attributable to all Employer Contributions or to all Matching Contributions as follows (Choose one or more of (a) through (f) as applicable. Choose (e) only in conjunction with at least one other election.): [Note: Even if the Employer elects immediate vesting, the Employer should complete Election 24. See Sections 3.07 and 7.07.] (a) [ ] Additional Employer Contribution. Allocate as additional Employer Contribution. (b) [ ] Additional Match. Allocate as additional Matching Contribution. (c) [ ] Reduce Employer Contribution. Apply to Employer Contribution. (d) [ ] Reduce Match. Apply to Matching Contribution. (e) [ ] Plan expenses. Pay reasonable Plan expenses first (See Section 7.04(C)), then allocate in the manner described above. (f) [ ] Describe: (e.g., Forfeitures attributable to transferred balances from Plan X are allocated only to former Plan X participants OR Employer Contribution forfeitures are allocated as additional Employer Contributions and Matching Contribution forfeitures are allocated as additional Matching Contributions.)

FORFEITURE ALLOCATION METHOD. (3.07). The Plan Administrator will allocate a Participant forfeiture attributable to all Contribution Types or attributable to all Employer Nonelective Contributions or to all Matching Contributions as follows (Choose one or more of (a) through (f) as applicable. Choose (e) only in conjunction with at least one other election.): [Note: Even if the Employer elects immediate vesting, the Employer should complete Election 24. See Sections 3.07 and Section 7.07.] (a) [ ] Additional Employer ContributionNonelective. Allocate as additional Employer Discretionary Nonelective Contribution. (b) [ ] Additional Match. Allocate as additional Matching Contribution. (c) [ ] Reduce Employer ContributionNonelective. Apply to Employer Nonelective Contribution. (d) [ ] Reduce Match. Apply to Matching Contribution. (e) [ ] Plan expenses. Pay reasonable Plan expenses first (See Section 7.04(C)), then allocate in the manner described above. (f) [ ] Describe: (e.g., Forfeitures attributable to transferred balances from Plan X are allocated only to former Plan X participants OR Employer Contribution Nonelective forfeitures are allocated as additional Employer Nonelective Contributions and Matching Contribution forfeitures are allocated as additional Matching Contributions.)

FORFEITURE ALLOCATION METHOD. (3.07). The Plan Administrator will allocate a Participant forfeiture attributable to all Contribution Types or attributable to all Employer Nonelective Contributions or to all Matching Contributions as follows (Choose one or more of (a) through (f) as applicable. Choose (e) only in conjunction with at least one other election.): [Note: Even if the Employer elects immediate vesting, the Employer should complete Election 24. See Sections 3.07 and Section 7.07.] (a) [ ] Additional Employer ContributionNonelective. Allocate as additional Employer Discretionary Nonelective Contribution. (b) [ ] Additional Match. Allocate as additional Matching Contribution. (c) [ ] Reduce Employer ContributionNonelective. Apply to Employer Nonelective Contribution. (d) [ ] Reduce Match. Apply to Matching Contribution. (e) [ ] Plan expenses. Pay reasonable Plan expenses first (See Section 7.04(C)), then allocate in the manner described above. (f) [ ] Describe: (e.g., Forfeitures attributable to transferred balances from Plan X are allocated only to former Plan X participants OR Employer Contribution Nonelective forfeitures are allocated as additional Employer Nonelective Contributions and Matching Contribution forfeitures are allocated as additional Matching Contributions).)