Common use of FORFEITURE ALLOCATION Clause in Contracts

FORFEITURE ALLOCATION. Subject to any restoration allocation required under Sections 5.04 or 9.14, the Advisory Committee will allocate a Participant forfeiture in accordance with Section 3.04: (CHOOSE (a) OR (b); (c) AND (d) ARE OPTIONAL IN ADDITION TO (a) OR (b)) [ ] (a) As an Employer nonelective contribution for the Plan Year in which the forfeiture occurs, as if the Participant forfeiture were an additional nonelective contribution for that Plan Year. [X] (b) To reduce the Employer matching contributions and nonelective contributions for the Plan Year: (CHOOSE (1) OR (2)) [ ] (1) in which the forfeiture occurs. [X] (2) immediately following the Plan Year in which the forfeiture occurs.

Appears in 1 contract

Sources: Defined Contribution Master Plan and Trust Agreement (Sonic Corp)

FORFEITURE ALLOCATION. Subject to any restoration allocation required ---------------------- under Sections 5.04 or 9.14, the Advisory Committee will allocate a Participant forfeiture in accordance with Section 3.04: (CHOOSE Choose (a) OR or (b); (c) AND and (d) ARE OPTIONAL IN ADDITION TO are optional in addition to (a) OR or (b)) [ ]) (a) As an Employer nonelective contribution for the Plan Year in which the forfeiture occurs, as if the Participant forfeiture were an additional nonelective contribution for that Plan Year. [X] (b) To reduce the Employer matching contributions and nonelective contributions for the Plan Year: (CHOOSE Choose (1) OR or (2)) [ [X] (1) in which the forfeiture occurs. [X] [ ] (2) immediately following the Plan Year in which the forfeiture occurs.. [X]

Appears in 1 contract

Sources: Defined Contribution Prototype Plan and Trust Agreement (Global Imaging Systems Inc)

FORFEITURE ALLOCATION. Subject to any restoration allocation required under Sections 5.04 or 9.14, the Advisory Committee will allocate a Participant forfeiture in accordance with Section 3.04: (CHOOSE (aA) OR (bB); (cC) AND (dD) ARE OPTIONAL IN ADDITION TO (aA) OR (bB)) [ ]) (a) As an Employer nonelective contribution for the Plan Year in which the forfeiture occurs, as if the Participant forfeiture were an additional nonelective contribution for that Plan Year. [X] (b) To reduce the Employer matching contributions and nonelective contributions for the Plan Year: (CHOOSE (1) OR (2)) [ ] (1( 1 ) in which the forfeiture occurs. [X] (2) immediately following the Plan Year in which the forfeiture occurs.

Appears in 1 contract

Sources: Adoption Agreement (Ats Money Systems Inc)

FORFEITURE ALLOCATION. Subject to any restoration allocation required --------------------- under Sections 5.04 or 9.14, the Advisory Committee will allocate a Participant forfeiture in accordance with Section 3.04: (CHOOSE Choose (a) OR or (b); (c) AND and (d) ARE OPTIONAL IN ADDITION TO are optional in addition to (a) OR or (b)) [ ]). (a) As an Employer nonelective contribution for the Plan Year in which the forfeiture occurs, as if the Participant forfeiture were an additional nonelective contribution for that Plan Year. [X] (b) To reduce the Employer matching contributions and nonelective contributions for the Plan Year: . (CHOOSE Choose (1) OR or (2)) [ [_] (1) in which the forfeiture occurs. [X_] (2) immediately following the Plan Year in which the forfeiture occurs.

Appears in 1 contract

Sources: 401(k) Plan (Firstbank Corp/Id)

FORFEITURE ALLOCATION. Subject to any restoration allocation ---------------------- required under Sections 5.04 or 9.14, the Advisory Committee will allocate a Participant forfeiture in accordance with Section 3.04: (CHOOSE Choose (a) OR or (b); (c) AND and (d) ARE OPTIONAL IN ADDITION TO are optional in addition to (a) OR or (b)) [ ] [N/A] (a) As an Employer nonelective contribution for the Plan Year in which the forfeiture occurs, as if the Participant forfeiture were an additional nonelective contribution for that Plan Year. [Xx] (b) To reduce the Employer matching contributions and nonelective contributions for the Plan Year: (CHOOSE Choose (1) OR or (2)) [ [N/A] (1) in which the forfeiture occurs. [Xx] (2) immediately following the Plan Year in which the forfeiture occurs.

Appears in 1 contract

Sources: Adoption Agreement (Channell Commercial Corp)

FORFEITURE ALLOCATION. Subject to any restoration restorative allocation required under Sections 5.04 or 9.14, the Advisory Committee will allocate a Participant forfeiture in accordance with Section 3.04: (CHOOSE (aA) OR (bB); (cC) AND (dD) ARE OPTIONAL IN ADDITION TO (aA) OR (bB)) [ ]) (a) As an Employer nonelective contribution for the Plan Year in which the forfeiture occurs, as if the Participant forfeiture were an additional nonelective contribution for that Plan Year. [Xx] (b) To reduce the Employer matching contributions and nonelective contributions for the Plan Year: (CHOOSE (1) OR (2)) [ ] (1) in which the forfeiture occurs. [Xx] (2) immediately following the Plan Year in which the forfeiture occurs.

Appears in 1 contract

Sources: Adoption Agreement (Pluma Inc)

FORFEITURE ALLOCATION. Subject to any restoration allocation required under Sections 5.04 or 9.14, the Advisory Committee will allocate a Participant forfeiture in accordance with Section 3.04: (CHOOSE (aA) OR (bB); (cC) AND (dD) ARE OPTIONAL IN ADDITION TO (aA) OR (bB)) [ ]) (a) As an Employer nonelective contribution for the Plan Year in which the forfeiture occurs, as if the Participant forfeiture were an additional nonelective contribution for that Plan Year. [X] (b) To reduce the Employer matching contributions and nonelective contributions for the Plan Year: (CHOOSE (1) OR (2)) [ ] (1) in which the forfeiture occurs. [X] (2) immediately following the Plan Year in which the forfeiture occurs.

Appears in 1 contract

Sources: Adoption Agreement (Dollar Thrifty Automotive Group Inc)

FORFEITURE ALLOCATION. Subject to any restoration allocation required under Sections 5.04 or 9.14, the Advisory Committee will allocate a Participant forfeiture in accordance with Section 3.04: (CHOOSE (a) OR (b); (c) AND (d) ARE OPTIONAL IN ADDITION TO (a) OR (b)) [ ]) (a) As an Employer nonelective contribution for the Plan Year in which the forfeiture occurs, as if the Participant forfeiture were an additional nonelective contribution for that Plan Year. [X] (b) To reduce the Employer matching contributions and nonelective contributions for the Plan Year: (CHOOSE (1) OR (2)) [ ] (1) in which the forfeiture occurs. [X] (2) immediately following the Plan Year in which the forfeiture occurs.

Appears in 1 contract

Sources: Adoption Agreement (Recovery Engineering Inc)

FORFEITURE ALLOCATION. Subject to any restoration allocation required --------------------- under Sections 5.04 or 9.14, the Advisory advisory Committee will allocate a Participant forfeiture in accordance with Section 3.04: (CHOOSE (aA) OR (bB); (cC) AND (dD) ARE OPTIONAL IN ADDITION TO (aA) OR (bB)) [ ]) (a) As an Employer nonelective contribution for the Plan Year in which the forfeiture occurs, as if the Participant forfeiture were an additional nonelective contribution for that Plan Year. [X] (b) To reduce the Employer matching contributions and nonelective contributions for the Plan Year: (CHOOSE (1) OR (2)) [ ] (1) in which the forfeiture occurs. [X] (2) immediately following the Plan Year in which the forfeiture occurs.

Appears in 1 contract

Sources: Defined Contribution Prototype Plan and Trust Agreement (Indian Village Bancorp Inc)

FORFEITURE ALLOCATION. Subject to any restoration allocation ----------------------- required under Sections 5.04 or 9.14, the Advisory Committee will allocate a Participant forfeiture in accordance with Section 3.04: (CHOOSE Choose (a) OR or (b); (c) AND and (d) ARE OPTIONAL IN ADDITION TO are optional in addition to (a) OR or (b)) [ ]) (a) As an Employer nonelective contribution for the Plan Year in which the forfeiture occurs, as if the Participant forfeiture were an additional nonelective contribution for that Plan Year. [Xn/a] (b) To reduce the Employer matching contributions and nonelective contributions for the Plan Year: (CHOOSE Choose (1) OR or (2)) [ [n/a] (1) in which the forfeiture occurs. [Xn/a] (2) immediately following the Plan Year in which the forfeiture occurs.

Appears in 1 contract

Sources: Discretionary Contribution Plan and Trust Agreement (Hollis Eden Pharmaceuticals Inc /De/)

FORFEITURE ALLOCATION. Subject to any restoration allocation required under Sections 5.04 or 9.14, the Advisory Committee will allocate a Participant forfeiture in accordance with Section 3.04: (CHOOSE (a) OR (b); (c) AND (d) ARE OPTIONAL IN ADDITION TO (a) OR (b)) [ ]) (a) As an Employer nonelective contribution for the Plan Year in which the forfeiture occurs, as if the Participant forfeiture were an additional nonelective contribution for that Plan Year. [X] (b) To reduce the Employer matching contributions and nonelective contributions for the Plan Year: (CHOOSE (1) OR (2)) [ [X] (1) in which the forfeiture occurs. [X] . (2) immediately following the Plan Year in which the forfeiture occurs.

Appears in 1 contract

Sources: Adoption Agreement (Active Voice Corp)

FORFEITURE ALLOCATION. Subject to any restoration allocation required under Sections 5.04 or 9.14, the Advisory Committee will allocate a Participant forfeiture in accordance with Section 3.04: (CHOOSE (aA) OR (bB); (cC) AND (dD) ARE OPTIONAL IN ADDITION TO (aA) OR (bB)) [ ]) (a) As an Employer nonelective contribution for the Plan Year in which the forfeiture occurs, as if the Participant forfeiture were an additional nonelective contribution for that Plan Year. [X_] (b) To reduce the Employer matching contributions and nonelective contributions for the Plan Year: (CHOOSE (1) OR (2)) [ ] ) (1) in which the forfeiture occurs. [X_] (2) immediately following the Plan Year in which the forfeiture occurs.

Appears in 1 contract

Sources: Adoption Agreement (Benchmark Electronics Inc)