Common use of Plans Maintained By The Employer Clause in Contracts

Plans Maintained By The Employer. * 1. This is the only Plan the Employer maintains. In the event that the allocation formula results in an Excess Amount, such excess, after distribution of Employee contributions pursuant to paragraph 10.2 of the Basic Plan Document #01, shall be: * a. Placed in a suspense account for the benefit of the Participant without the crediting of gains or losses for the benefit of the Participant.

Appears in 1 contract

Samples: Adoption Agreement (Atlas America Inc)

AutoNDA by SimpleDocs

Plans Maintained By The Employer. * ¨ 1. This is the only Plan the Employer maintains. In the event that the allocation formula results in an Excess Amount, such excess, after distribution of Employee contributions pursuant to paragraph 10.2 of the Basic Plan Document #01, shall be: * ¨ a. Placed in a suspense account for the benefit of the Participant without the crediting of gains or losses for the benefit of the Participant. ¨ b. Reallocated as additional Employer contributions to all other Participants to the extent that they do not have any Excess Amount.

Appears in 1 contract

Samples: Defined Contribution Plan (Chicopee Bancorp, Inc.)

Plans Maintained By The Employer. * x 1. This is the only Plan the Employer maintains. In the event that the allocation formula results in an Excess Amount, such excess, after distribution of Employee contributions pursuant to paragraph 10.2 of the Basic Plan Document #01, shall be: * ¨ a. Placed in a suspense account for the benefit of the Participant without the crediting of gains or losses for the benefit of the Participant.

Appears in 1 contract

Samples: Defined Contribution Plan (United Community Bancorp)

AutoNDA by SimpleDocs

Plans Maintained By The Employer. * 1. This is the only Plan the Employer maintains. In the event that the allocation formula results in an Excess Amount, such excess, after distribution of Employee contributions pursuant to paragraph 10.2 of the Basic Plan Document #01, shall be: * a. Placed in a suspense account for the benefit of the Participant without the crediting of gains or losses for the benefit of the Participant.

Appears in 1 contract

Samples: Defined Contribution Plan (Georgetown Bancorp, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!