FORFEITURES OF EXCESS AGGREGATE CONTRIBUTIONS. Forfeitures of Excess Aggregate Contributions may either be reallocated to the accounts of Contributing Participants who are not Highly Compensated Employees or applied to reduce Employer Contributions, as elected by the Employer in the Adoption Agreement.
Appears in 6 contracts
Samples: Qualified Retirement Plan And (Meritage Hospitality Group Inc /Mi/), Participation Agreement (Miami Computer Supply Corp), Qualified Retirement Plan and Trust (Camco Financial Corp)
FORFEITURES OF EXCESS AGGREGATE CONTRIBUTIONS. Forfeitures of Excess Aggregate Contributions may either be reallocated to the accounts of Contributing Participants who are not Non-Highly Compensated Employees or applied to reduce Employer Contributions, as elected by the Employer in Item C(6)(c) of the Adoption Agreement.
Appears in 2 contracts
Samples: Abbott Laboratories, Priority Healthcare Corp
FORFEITURES OF EXCESS AGGREGATE CONTRIBUTIONS. Forfeitures of Excess Aggregate Contributions may either be reallocated to the accounts of Contributing Participants who are not Non-Highly Compensated Employees or applied to reduce Employer Contributions, as elected determined by the Employer in the Adoption Agreement. Amounts forfeited by Highly Compensated Employees under this Section will be treated as Annual Additions under the Plan.
Appears in 1 contract
Samples: Union Bankshares LTD
FORFEITURES OF EXCESS AGGREGATE CONTRIBUTIONS. Forfeitures of Excess Aggregate Contributions may either be reallocated to the accounts of Contributing Participants who are not Highly Compensated Employees or applied to reduce Employer Contributionscontributions, as elected by the Employer in the Adoption Agreement.
Appears in 1 contract
Samples: Bradford Funds Inc
