Common use of Allocation of Excess Amounts Clause in Contracts

Allocation of Excess Amounts. (Annual Additions) Excess deferrals which result in an Excess Amount shall be returned to the Participant. In the event that the allocation formula of other contributions results in an Excess Amount, such excess shall be:

Appears in 3 contracts

Samples: Non Standardized Adoption Agreement (Valley National Corp /De/), Plan #001 Standardized Adoption Agreement (Allegiant Bancorp Inc), Adoption Agreement (California Coastal Communities Inc)

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Allocation of Excess Amounts. (Annual Additions) Excess deferrals which result in an Excess Amount shall be returned to the Participant. In the event that the allocation formula of other contributions results in an Excess Amount, such excess shall be:: [x] (i) placed in a suspense account accruing no gains or losses for the benefit of the Participant.

Appears in 2 contracts

Samples: Adoption Agreement (Shared Technologies Cellular Inc), Standardized Adoption Agreement (Maxim Pharmaceuticals Inc)

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Allocation of Excess Amounts. (Annual Additions) Excess deferrals which result in an Excess Amount shall be returned to the Participant. In the event that the allocation formula of other contributions results in an Excess Amount, such excess shall be:: [X] (i) placed in a suspense account accruing no gains or losses for the benefit of the Participant.

Appears in 1 contract

Samples: Non Standardized Adoption Agreement (Princeton Review Inc)

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