Common use of Restoration of Forfeitures Clause in Contracts

Restoration of Forfeitures. If a Participant is entitled to a restoration of a forfeiture, the 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 arising in the year of restoration to the Participant's Account to the extent thereof and an additional contribution by the Employer specifically allocated to the Participant's Account to the extent that allocable forfeitures are insufficient.

Appears in 2 contracts

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

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Restoration of Forfeitures. If a Participant is entitled to a restoration of a forfeiture, the 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 arising in the year of restoration to the Participant's Account to the extent thereof and an additional contribution by the Employer specifically allocated to the Participant's Account to the extent that allocable forfeitures are insufficient.

Appears in 1 contract

Samples: Capstone Pharmacy Services Inc

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

Appears in 1 contract

Samples: Adoption Agreement (Security Associates International Inc)

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