Reallocation of Forfeitures. Any forfeiture which results from a Participant's termination of Service shall be reallocated as if it were a contribution of the same type (i.e., Employer Profit Sharing Contribution or Employer Matching Contribution) for the Plan Year following the Plan Year in which such forfeiture occurs [_] or, if this box is checked, such forfeiture shall be applied to reduce the Employer's obligation to make Employer Matching Contributions and fixed Profit Sharing Contributions for the Plan Year during which the forfeiture occurs.
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Samples: 401(k) Plan Adoption Agreement (Chandler Insurance Co LTD)
Reallocation of Forfeitures. Any forfeiture which results from a Participant's termination of Service shall be reallocated as if it were a contribution of the same type (i.e., Employer Profit Sharing Contribution or Employer Matching Contribution) for the Plan Year following the Plan Year in which such forfeiture occurs [_x ] or, if this box is checked, such forfeiture shall be applied to reduce the Employer's obligation to make Employer Matching Contributions and fixed Profit Sharing Contributions for the Plan Year during which the forfeiture occurs.
Appears in 1 contract
Samples: Prototype 401(k) Plan (Associated Estates Realty Corp)
Reallocation of Forfeitures. Any forfeiture which results from a Participant's termination of Service shall be reallocated as if it were a contribution of the same type (i.e., Employer Profit Sharing Contribution or Employer Matching Contribution) for the Plan Year following the Plan Year in which such forfeiture occurs [_X] or, if this box is checked, such forfeiture shall be deemed to be an Employer Matching Contribution, and applied to reduce the Employer's obligation to make aggregate amount the Employer must contribute in Employer Matching Contributions and fixed Profit Sharing Contributions for the Plan Year during which the forfeiture occurs.
Appears in 1 contract
Samples: Pension Plan and Trust Agreement (Essex Corporation)
Reallocation of Forfeitures. Any forfeiture which results from a Participant's termination of Service shall be reallocated as if it were a contribution of the same type (i.e., Employer Profit Sharing Contribution or Employer Matching Contribution) for the Plan Year following the Plan Year in which such forfeiture occurs [_[ ] or, if this box is checked, such forfeiture shall be applied to reduce the Employer's obligation to make Employer Matching Contributions and fixed Fixed Profit Sharing Contributions for the Plan Year during which the forfeiture occurs.
Appears in 1 contract
Samples: 401(k) Plan Adoption Agreement (United States Lime & Minerals Inc)
