Restoration of Forfeitures. If amounts are forfeited prior to five consecutive 1-year Breaks in Service, the Funds for restoration of account balances will be obtained from the following resources in the order indicated (fill in the appropriate number): [1] (i) Current year's forfeitures. [2] (ii) Additional Employer contribution. [3] (iii) Income or gain to the Plan.
Restoration of Forfeitures. If a Participant is entitled to a restoration of a Forfeiture, the necessary amount shall be restored by:
☐ a. Allocating other Forfeitures arising in the year of restoration to the Participant's Account to the extent thereof. If that allocation is insufficient, the Employer shall make an additional contribution specifically allocated to the Participant's Account. ☐ b. An additional Employer contribution specifically allocated to the Participant's Account.
Restoration of Forfeitures. If a Participant is entitled to a restoration of a forfeiture, the amount to be restored shall be restored by: ( )
Restoration of Forfeitures. If amounts are forfeited prior to five consecutive 1-year Breaks in Service, the Funds for restoration of account balances will be obtained by means of an additional Employer contribution.
Restoration of Forfeitures lf amounts are forfeited prior to five consecutive 1-year Breaks in Service, the Funds for restoration of account balances will be obtained from the following resources in the order indicated (fill in the appropriate number): [1] Current year's forfeitures [3] (ii) Additional Employer contribution. [2] (iii) Income or gain to the Plan.
Restoration of Forfeitures. If amounts are forfeited prior to five consecutive 1-year Breaks in Service, the Funds for restoration of account balances will be obtained from the following resources in the order indicated (fill in the appropriate number): [X] (i) Current year's forfeitures.
(1) [X] (ii) Additional Employer contribution. (3) [X] (iii) Income or gain to the Plan.
10. LIMITATIONS ON ALLOCATIONS [ ] This is the only Plan the Employer maintains or ever maintained, therefore, this section is not applicable. [X] The Employer does maintain or has maintained another Plan (including a Welfare Benefit Fund or an individual medical account [as defined in Code Section 415(1)(2)], under which amounts are treated as Annual Additions) and has completed the proper sections below. Complete (a), (b) and (c) only if you maintain or ever maintained another qualified plan including a Welfare Benefit Fund or an individual medical account [as defined in Code Section 415(1)(2)], in which any Participant in this Plan is (or was) a participant or could possibly become a participant.
(a) If the Participant is covered under another qualified Defined Contribution Plan maintained by the Employer, other than a Master or Prototype Plan: [X] (i) The provisions of Article X of the Basic Plan Document #04 will apply, as if the other plan were a Master or Prototype Plan. [ ]
Restoration of Forfeitures. If Section 6.6 requires the restoration of any amounts forfeited by a Participant prior to a Break in Service, the Employer will contribute, within a reasonable time after the repayment described in Section 6.6, an amount which, when added to the amounts described in subsections 5.3(a) and (b), will be sufficient to restore the amounts previously forfeited. Such contribution will be made without regard to the Adjusted Net Income for the Plan Year.
Restoration of Forfeitures. As of each Anniversary Date and after determining Forfeitures under Section 6.5, the Plan Administrator will determine the Participants entitled, pursuant to Section 6.6, to restoration of amounts forfeited prior to a six-year Break in Service. The Plan Administrator will allocate to the Employer Contributions Account of each such Participant, from the sources and in the order of priority described below, an amount sufficient to restore the amount previously forfeited by such Participant. The sources for restoration in the order in which they will be applied are:
(a) FORFEITURES -- Any Forfeitures determined under Section 6.5;
(b) EXCESS AMOUNTS -- Any Excess Amounts then credited to the Suspense Account described in Section 5.10. If this Plan is adopted as a Money Purchase Pension Plan, any amounts not so applied will be applied to reduce Employer Contributions for the Plan Year and credited as described in Section 5.5. If the Plan is adopted as a Profit-Sharing Plan or as a 401(k) Plan, any amounts not so applied will be either reallocated as described in Section 5.5 or applied to reduce Employer Contributions as determined by Section 13 of the Adoption Agreement;
Restoration of Forfeitures. 21 M. DISTRIBUTION TO ALTERNATE PAYEE UNDER A QDRO............................................................21 N.
Restoration of Forfeitures. 1. If a Member who has forfeited a portion of his Employer Contributions Account and/or Matching Contributions Account pursuant to Section K of this Article resumes Employment prior to the last day of Plan Year in which he incurs five consecutive One Year Breaks in Service, the forfeited portion shall be restored under the following conditions.
(a) If the vested portion of the Member's Benefit Accounts has not been distributed, any forfeitures shall be restored to his Benefit Account from which such amount was forfeited in the same amount as forfeited as soon as possible following such Reemployment.
(b) If the vested portion of the Member's Benefit Accounts has been distributed, he shall have the right, while an Employee, to recontribute the full amount distributed to him. His right to recontribute shall terminate after the Member has incurred five consecutive One Year Breaks in Service following the distribution. In the event of such recontribution, as of the Valuation Date coincident with or next following such recontribution, the Account Value of his Accounts shall be restored to 100% of their value on the date as of which such Participant's benefits were determined for distribution. All recontributions must be in one lump sum.
2. Forfeitures shall be restored from other forfeitures occurring during the Plan Year of reemployment. To the extent forfeitures are insufficient to make such restoration, it shall be made from the net income of the Fund or, if necessary, from a special contribution from the Member's Employer.
