Common use of Money Purchase Pension Plan Clause in Contracts

Money Purchase Pension Plan. If this Plan is adopted as a Money Purchase Pension Plan, the Employer Contribution made by the Employer and each Participating Affiliate for each Plan Year shall be an amount equal to the sum of the contribution for each Active Participant as determined under the formula specified in the Adoption Agreement. The Forfeitures for each Plan Year shall be

Money Purchase Pension Plan. If the Employer has adopted this Plan is adopted as a Money Purchase Pension Planmoney purchase pension plan, the Employer Contribution made by will, beginning for the Employer Plan Year in which the Plan is adopted, and each Participating Affiliate for each Plan Year shall be an amount equal thereafter, contribute, for allocation to the sum Employer Contribution Account of each Participant entitled to share in the contribution for each Active Participant as determined under allocation of Employer Contributions, the formula amount specified in the Adoption Agreement. The Forfeitures for each Agreement reduced by any forfeitures arising during the preceding Plan Year shall bepursuant to Section 7.02