Profit Sharing Plan. If this is a profit sharing plan, unless the Adoption Agreement indicates otherwise, Forfeitures shall be allocated in the manner provided in Section 3.01(B) (for Employer Contributions) to the Individual Accounts of Qualifying Participants who are entitled to share in the Employer Contribution for such Plan Year. Forfeitures shall be allocated as of the last day of the Plan Year during which the Forfeiture arose (or any subsequent Plan Year if indicated in the Adoption Agreement).
Appears in 13 contracts
Samples: Qualified Retirement Plan and Trust Defined (Alaska Pacific Bancshares Inc), Qualified Retirement Plan And (Meritage Hospitality Group Inc /Mi/), Qualified Retirement Plan and Trust (Camco Financial Corp)
Profit Sharing Plan. If this is a profit sharing plan, unless the Adoption Agreement indicates otherwise, Forfeitures shall be allocated in the manner provided in Section 3.01(B3.01 (B) (for Employer Contributions) to the Individual Accounts of Qualifying Participants who are entitled to share in the Employer Contribution for such Plan Year. Forfeitures shall be allocated as of the last day of the Plan Year during which the Forfeiture arose (or any subsequent Plan Year if indicated in the Adoption Agreement).
Appears in 2 contracts
Profit Sharing Plan. If this is a profit sharing plan, unless the Adoption Agreement indicates otherwise, Forfeitures forfeitures shall be allocated in the manner provided in Section 3.01(B) (for Employer Contributions) to the Individual Accounts of Qualifying Participants who are entitled to share in the Employer Contribution for such Plan Year. Forfeitures shall be allocated as of the last day of the Plan Year during which the Forfeiture arose (or any subsequent Plan Year if indicated in the Adoption Agreement).
Appears in 1 contract
Samples: Qualified Retirement Plan and Trust (Connecticut Water Service Inc / Ct)
Profit Sharing Plan. If this thus is a profit sharing plan, unless the Adoption Agreement indicates otherwise, Forfeitures shall be allocated in the manner provided in Section 3.01(B) (for Employer Contributions) to the Individual Accounts of Qualifying Participants who are entitled to share in the Employer Contribution for such Plan Year. Forfeitures shall be allocated as of the last day of the Plan Year during which the Forfeiture arose (or any subsequent Plan Year if indicated in the Adoption Agreement).
Appears in 1 contract
Samples: Bradford Funds Inc
