Common use of Related Employers Clause in Contracts

Related Employers. If two or more related employers (as defined in Section 1.30) contribute to this Plan, the Advisory Committee must allocate all Employer nonelective contributions (and forfeitures treated as nonelective contributions) to each Participant in the Plan, in accordance with the elections in this Adoption Agreement Section 3.04: (CHOOSE (M) OR (N)) [X] (m) Without regard to which contributing related group member employs the Participant.

Appears in 3 contracts

Samples: Defined Contribution Prototype Plan and Trust Agreement (Indian Village Bancorp Inc), Retirement Savings Plan Adoption Agreement (World Acceptance Corp), Adoption Agreement (American Community Bancshares Inc)

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Related Employers. If two or more related employers (as defined in Section 1.30) contribute to this Plan, the Advisory Committee must allocate all Employer nonelective contributions (and forfeitures treated as nonelective contributions) to each Participant in the Plan, in accordance with the elections in this Adoption Agreement Section 3.04: (CHOOSE (M) OR (N)) [X] (m) Without regard to which contributing related group member employs the Participant.:

Appears in 1 contract

Samples: 401(k) Retirement Savings Plan (Reptron Electronics Inc)

Related Employers. If two or more related employers (as defined in Section 1.30) contribute to this Plan, the Advisory Committee must allocate all Employer nonelective contributions (and forfeitures treated as nonelective contributions) to each Participant in the Plan, in accordance with the elections in this Adoption Agreement Section 3.04: (CHOOSE Choose (Mm) OR or (Nn)) [X] (m) Without m)Without regard to which contributing related group member employs the Participant.

Appears in 1 contract

Samples: Adoption Agreement (Allied Capital Corp)

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Related Employers. If two or more related employers (as defined in Section 1.30) contribute to this Plan, the Advisory Committee must allocate all Employer nonelective contributions (and forfeitures treated as nonelective contributions) to each Participant in the Plan, in accordance with the elections in this Adoption Agreement Section 3.04: (CHOOSE (Mm) OR (Nn)) [X[ ] (m) Without regard to which contributing related group member employs the Participant.

Appears in 1 contract

Samples: Adoption Agreement (Valley Community Bancshares Inc)

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