ALLOCATION OF FORFEITURES OF MATCHING CONTRIBUTIONS Sample Clauses

ALLOCATION OF FORFEITURES OF MATCHING CONTRIBUTIONS. Forfeitures of Matching Contributions shall be (Choose one):
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ALLOCATION OF FORFEITURES OF MATCHING CONTRIBUTIONS. Forfeitures of Matching Contributions shall be (Choose one): OPTION 1: [X] Allocated, after all other Forfeitures under the Plan, to each Participant's Individual Account in the ratio which each Participant's Compensation for the Plan Year bears to the total Compensation of all Participants for such Plan Year. The Participants entitled to receive allocations of such Forfeitures shall be (Choose one): SUBOPTION (A): [X] Only Qualifying Contributing Participants. SUBOPTION (B): [ ] Only Qualifying Participants. SUBOPTION (C): [ ] All Participants.
Sample 1
ALLOCATION OF FORFEITURES OF MATCHING CONTRIBUTIONS. Forfeitures of Matching Contributions shall be (Choose one): OPTION 1: ( ) Allocated, after all other Forfeitures under the Plan, to each Participant's Individual Account in the ratio which each Participant's Compensation for the Plan Year bears to the total Compensation of all Participants for such Plan Year. SUBOPTION (A): ( ) Only Qualifying Contributing Participants. SUBOPTION (B): ( ) Only Qualifying Participants. SUBOPTION (C): ( ) All Participants.
Sample 1
ALLOCATION OF FORFEITURES OF MATCHING CONTRIBUTIONS. Forfeitures of Matching Contributions shall be (Choose one): Option 1: O Allocated, after all other Forfeitures under the Plan, to each Participant's Individual Account in the ratio which each Participant's Compensation for the Plan Year bears to the total Compensation of all Participants for such Plan Year. The Participants entitled to receive allocations of such Forfeitures shall be (Choose one): Suboption (a): O Only Qualifying Contributing Participants. Suboption (b) O Only Qualifying Participants. Suboption (c): O All Participants. Option 2: O Applied to reduce Matching Contributions (Choose one): Suboption (a): O For the Plan Year for which the Forfeiture arises. Suboption (b): O For any Plan Year subsequent to the Plan Year for which the Forfeiture arises. Option3: O Applied first to the payment of the Plan's administrative expenses and any excess applied to reduce Matching Contributions (Choose one): Suboption (a): O For the Plan Year for which the Forfeiture arises. Suboption (b): O For any Plan Year subsequent to the Plan Year for which the Forfeitures arises. NOTE: lf no option is selected, Option l and Suboption (a) will be deemed to be selected.
Sample 1
ALLOCATION OF FORFEITURES OF MATCHING CONTRIBUTIONS. Forfeitures of Matching Contributions shall be (Choose one): OPTION 1: / / Allocated, after all other Forfeitures under the Plan, to each Participant's Individual Account in the ratio which each Participant's Compensation for the Plan Year bears to the total Compensation of all Participants for such Plan Year. The Participants entitled to receive allocations of such Forfeitures shall be (Choose one): SUBOPTION (A): / / Only Qualifying Contributing Participants. SUBOPTION (B): / / Only Qualifying Participants. SUBOPTION (C): / / All Participants. OPTION 2: / / Applied to reduce Matching Contributions (Choose one): SUBOPTION (A): / / For the Plan Year for which the Forfeiture arises.
Sample 1

Related to ALLOCATION OF FORFEITURES OF MATCHING CONTRIBUTIONS

  • Allocation of Forfeitures NOTE: Subsections (a), (b) and (c) below apply to forfeitures of amounts other than Excess Aggregate Contributions.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Employer Contributions 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement.

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law.

  • Rollover Contributions A rollover is a tax-free distribution of cash or other assets from one retirement program to another. There are two kinds of rollover contributions to an IRA. Xx one, you contribute amounts distributed to you from one IRA xx another IRA. Xxth the other, you contribute amounts distributed to you from your employer's qualified plan or 403(b) plan to an IRA. X rollover is an allowable IRA xxxtribution which is not subject to the limits on regular contributions discussed in Part D above. However, you may not deduct a rollover contribution to your IRA xx your tax return. If you receive a distribution from the qualified plan of your employer or former employer, the distribution must be an "eligible rollover distribution" in order for you to be able to roll all or part of the distribution over to your IRA. Xxe portion you contribute to your IRA xxxl not be taxable to you until you withdraw it from the IRA. Xxur employer or former employer will give you the opportunity to roll over the distribution directly from the plan to the IRA. Xx you elect, instead, to receive the distribution, you must deposit it into the IRA xxxhin 60 days after you receive it. An "eligible rollover distribution" is any distribution from a qualified plan that would be taxable other than (1) a distribution that is one of a series of periodic payments for an employee's life or over a period of 10 years or more, (2) a required distribution after you attain age 70 1/2 and (3) certain corrective distributions. If the entire amount in your IRA xxx been contributed in a tax-free rollover from your employer's or former employer's qualified plan or 403(b) plan, you may later roll over the IRA xx a new employer's plan if such plan permits rollovers. Your IRA xxxld then serve as a conduit for those assets. However, you may later roll those IRA xxxds into a new employer's plan only if you make no further contributions to that IRA, xx commingle the IRA xxxlover funds with existing IRA xxxets.

  • Allocation of Contributions You may place your contributions in one fund or in any combination of funds, although your employer may place restrictions on investment in certain funds.

  • Company Contributions (a) For employees hired, rehired or who become covered under the CWA 3176 Agreement through any means before January 1, 2016, the Company shall contribute a Company Matching Contribution equal to 25 percent of the Participant’s Contribution up to a maximum of 6 percent of eligible wage.

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Forfeitures If a Member who was partially vested in his Account on the date of his termination of Employment returns to Employment, his Years of Employment prior to the Break(s) in Service shall be included in determining future vesting and, if he returns before incurring 5 consecutive one year Breaks in Service, any Units forfeited from his Account shall be restored to his Account, including all interest accrued during the intervening period; provided, however, that if such a Member has received a distribution pursuant to Article VII, his Account Units shall not be restored unless he repays the full amount distributed to him to the Plan before the earlier of (i) 5 years after the first date on which the Member is subsequently reemployed by the Employer, or (ii) the close of the first period of 5 consecutive one-year Breaks in Service commencing after the withdrawal. The Units restored to the Member's Account will be valued on the Valuation Date coinciding with or next following the later of (i) the date the Employee is rehired, or (ii) the date a new enrollment application is received by the TPA. If a Member terminates Employment without any vested interest in his Account, he shall (i) immediately be deemed to have received a total distribution of his Account and (ii) thereupon forfeit his entire Account; provided that if such Member returns to Employment before the number of consecutive one-year Breaks in Service equals or exceeds the greater of (i) 5, or (ii) the aggregate number of the Member's Years of Service prior to such Break in Service, his Account shall be restored in the same manner as if such Member had been partially vested at the time of his termination of Employment, and his Years of Employment prior to incurring the first Break in Service shall be included in any subsequent determination of his vesting service.

  • Elective Deferrals An Employee will be eligible to become a Contributing Participant in the Plan (and thus be eligible to make Elective Deferrals) and receive Matching Contributions (including Qualified Matching Contributions, if applicable) after completing 1 (enter 0, 1 or any fraction less than 1) Years of Eligibility Service.

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