Common use of MATTERS RELATING TO INSURANCE Clause in Contracts

MATTERS RELATING TO INSURANCE. A. If a life insurance policy is to be purchased for a Participant, the aggregate premium for certain life insurance for each Participant must be less than a certain percentage of the aggregate Employer Contributions and Forfeitures allocated to a Participant's Individual Account at any particular time as follows:

Appears in 9 contracts

Samples: Adoption Agreement (Bradford Funds Inc), 401(k) Savings Plan (Alaska Pacific Bancshares Inc), Prototype Defined Contribution Plan and Trust/Custodial Account (Connecticut Water Service Inc / Ct)

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MATTERS RELATING TO INSURANCE. A. If a i life insurance policy is to be purchased for a Participant, the aggregate premium for certain life insurance for each Participant must be less than a certain percentage of the aggregate Employer Contributions and Forfeitures Forfeimres allocated to a ParticipantPtrrticipant's Individual Account at any arty particular time as follows:

Appears in 1 contract

Samples: Basic Plan Document (Weststar Financial Services Corp)

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