Increased allocation. In addition to the Employer contribution for the Plan Year in which the forfeiture occurs. The Advisory Committee will allocate the Participant forfeitures for a Plan Year to the Account of each Participant who satisfies the conditions of Section 3.06: (Choose (1) or (2)) (1) in the same ratio that such Participant's Compensation for the Plan Year bears to the total Compensation of all Participants for the Plan Year. (2) as an Employer contribution for the Plan Year, in accordance with Option (b) of Adoption Agreement Section 3.04, as if the Participant forfeiture were an additional Employer contribution for that Plan Year.
Appears in 8 contracts
Samples: Adoption Agreement (Invesco Growth Fund Inc /Co/), Adoption Agreement (Invesco International Funds Inc), Adoption Agreement (Invesco Specialty Funds Inc)
Increased allocation. In addition to the Employer contribution for the Plan Year in which the forfeiture forfeiure occurs. The Advisory Committee will allocate the Participant forfeitures for a Plan Year to the Account of each Participant who satisfies the conditions of Section 3.06: (Choose (1) or (2))
(1) , in the same ratio that such Participant's Compensation for the Plan Year bears to the total Compensation of all Participants for the Plan Year.
(2) as an Employer contribution for the Plan Year, in accordance with Option (b) of Adoption Agreement Section 3.04, as if the Participant forfeiture were an additional Employer contribution for that Plan Year.
Appears in 2 contracts
Samples: Adoption Agreement (Invesco Income Funds Inc), Adoption Agreement (Invesco International Funds Inc)