Common use of Restoration of Forfeitures Clause in Contracts

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.

Appears in 2 contracts

Samples: Adoption Agreement, Volume Submitter Adoption Agreement

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Restoration of Forfeitures. If a Participant is entitled to a restoration of a Forfeitureforfeiture, the necessary amount to be restored shall be restored by: ( ) a. An additional contribution by the Employer specifically allocated to the Participant's Account. (X) b. Allocating other Forfeitures 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 thereof and an additional contribution by the Employer specifically allocated to the Participant's Account. ☐ b. An additional Employer contribution specifically allocated Account to the Participant's Accountextent that allocable forfeitures are insufficient.

Appears in 1 contract

Samples: Adoption Agreement (Trek Resources Inc)

Restoration of Forfeitures. If a Participant is entitled to a restoration of a Forfeiture, the necessary amount shall be restored by: o 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. ☐ . o b. An additional Employer contribution specifically allocated to the Participant's Account.

Appears in 1 contract

Samples: Volume Submitter Adoption Agreement

Restoration of Forfeitures. If a Participant is entitled to a restoration of a Forfeitureforfeiture, the necessary amount to be restored shall be restored by:: ( ) a. An additional contribution by the Employer specifically allocated to the Participant's Account. (X) b. Allocating other Forfeitures 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 thereof and an additional contribution by the Employer specifically allocated to the Participant's Account. ☐ b. An additional Employer contribution specifically allocated Account to the Participant's Accountextent that allocable forfeitures are insufficient.

Appears in 1 contract

Samples: Adoption Agreement (Jones Medical Industries Inc /De/)

Restoration of Forfeitures. If a Participant is entitled to a restoration of a Forfeitureforfeiture, the necessary amount to be restored shall be restored by:: ( ) a. An additional contribution by the Employer specifically allocated to the Participant's Account. ( ) b. Allocating other Forfeitures 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 thereof and an additional contribution by the Employer specifically allocated to the Participant's Account. ☐ b. An additional Employer contribution specifically allocated Account to the Participant's Accountextent that allocable forfeitures are insufficient.

Appears in 1 contract

Samples: Defined Contribution Plan and Trust (Capstone Pharmacy Services Inc)

Restoration of Forfeitures. If a Participant is entitled to a restoration of a Forfeitureforfeiture, the necessary amount to be restored 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, An additional contribution by 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.

Appears in 1 contract

Samples: Adoption Agreement for a Profit Sharing Plan (Main Street Banks Inc /New/)

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Restoration of Forfeitures. If a Participant is entitled to a restoration of a Forfeitureforfeiture, the necessary amount to be restored shall be restored by:: ( ) a. An additional contribution by the Employer specifically allocated to the Participant's Account. (X) b. Allocating other Forfeitures 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 thereof and an additional contribution by the Employer specifically allocated to the Participant's Account. ☐ b. An additional Employer contribution specifically allocated Account to the Participant's Accountextent that allocable forfeitures are insufficient. F. CODA Limitation Provisions

Appears in 1 contract

Samples: Adoption Agreement (Southbanc Shares Inc)

Restoration of Forfeitures. If a Participant is entitled to a restoration of a Forfeitureforfeiture, the necessary amount to be restored shall be restored by: ( ) a. An additional contribution by the Employer specifically allocated to the Participant's Account. b. Allocating other Forfeitures 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 thereof and an additional contribution by the Employer specifically allocated to the Participant's Account. ☐ b. An additional Employer contribution specifically allocated Account to the Participant's Accountextent that allocable forfeitures are insufficient.

Appears in 1 contract

Samples: Adoption Agreement (Anthra Pharmaceuticals Inc)

Restoration of Forfeitures. If a Participant is entitled to a restoration of a Forfeiture, the necessary amount shall be restored by: X a. Allocating other Forfeitures arising in the year of restoration to the Participant's ’s Account to the extent thereof. If that allocation is insufficient, the Employer shall make an additional contribution specifically allocated to the Participant's ’s Account. ☐ . o b. An additional Employer contribution specifically allocated to the Participant's ’s Account.

Appears in 1 contract

Samples: Adoption Agreement (Eureka Financial Corp.)

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