Payment of Plan Expenses. Forfeitures are first used to pay Plan expenses for the Plan Year in which the forfeitures are to be allocated. (See Section 5.5(c) of the BPD.) Any remaining forfeitures are allocated as provided in #48 above.
Appears in 4 contracts
Samples: 401(k) Plan Adoption Agreement (Checkfree Corp \Ga\), 401(k) Plan Adoption Agreement (Checkfree Corp \Ga\), 401(k) Plan Adoption Agreement (Mercantile Bancorp, Inc.)
Payment of Plan Expenses. Forfeitures are first used to pay Plan expenses for the Plan Year in which the forfeitures are to be allocated. (See Section 5.5(c) of the BPD.) Any remaining forfeitures are allocated as provided in #48 above. [ ] 50. Modification of cash-out rules. The Cash-Out Distribution rules are modified in accordance with Sections 5.3(a)(1 )(i)(C) and 5.3(a)(1 )(ii)(C) of the BPD to allow for an immediate forfeiture, regardless of any additional allocations during the Plan Year.
Appears in 1 contract
Samples: Profit Sharing/401(k) Plan Adoption Agreement (Capital Corp of the West)
