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Common use of Forfeitures Clause in Contracts

Forfeitures. Unless otherwise specified in the Adoption Agreement, forfeitures, if any, will be allocated to Participants' Accounts in the following manner: Forfeitures of Employer Discretionary Contribution will be allocated in the same manner as are such contributions. Forfeitures of Matching Contributions will be allocated to the Matching Contribution Account in the ratio that the Matching Contribution for each Participant bears to the sum of all the Matching Contributions for all Participants.

Appears in 10 contracts

Samples: Adoption Agreement (Premier Strategic Growth Fund), Adoption Agreement (Dreyfus Global Growth Fund), Adoption Agreement (Dreyfus Growth Opportunity Fund Inc)