Common use of Treatment of Forfeitures Clause in Contracts

Treatment of Forfeitures. Forfeitures of Excess Aggregate Contributions shall be allocated to Participants' Accounts or applied to reduce Employer contributions, as elected by the Employer in the Adoption Agreement, under Section 4.2. If forfeitures are reallocated to the accounts of Participants under Section 4.2, forfeitures of Excess Aggregate Contributions shall be allocated in the same manner as Matching Contributions, except that no such forfeitures shall be allocated to any Highly Compensated Employee.

Treatment of Forfeitures. Forfeitures of Excess Aggregate Contributions shall excess aggregate contributions may either be allocated to Participants' Accounts or applied used to reduce Employer contributionscontributions or may be reallocated to the accounts of non-highly compensated participants, as elected by the Employer in the Adoption Agreement, . Amounts forfeited by highly compensated participants under this Section 4.2. If forfeitures are reallocated to the accounts of Participants under Section 4.2, forfeitures of Excess Aggregate Contributions 3.5 shall be allocated in treated as annual additions under the same manner as Matching Contributions, except that no plan. The allocation of such forfeitures shall be made pursuant to the Adoption Agreement. However, no forfeitures arising under this Section 3.5 shall be allocated to the account of any Highly Compensated Employeehighly compensated participant.