ALLOCATION OF FORFEITURES. (A) Shall forfeitures be allocated in accordance with Section 5.5 of the Plan (check one)? [ X ] (1) Yes [ ] (2) No [ ] (3) N/A (No forfeitures) If Section A.5.5(A)(1) is checked, such allocation shall be effected as of the last day of the (check one): [ ] (a) month [ ] (b) quarter [ X ] (c) Plan Year in which the forfeiture occurs under Section 7.6(c) of the Plan, in proportion to the Employer and/or Matching Contributions (as applicable) allocated to the remaining Participants for the period for which the allocation is effected.
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Samples: Plan and Trust Agreement (Chestnut Street Exchange Fund), Plan and Trust Agreement (Temporary Investment Fund Inc), Plan and Trust Agreement (Trust for Federal Securities)
ALLOCATION OF FORFEITURES. (A) Shall forfeitures be allocated in accordance with Section 5.5 of the Plan (check one)? [ X ] (1) Yes [ ] (2) No [ ] (3) N/A (No forfeitures) If Section A.5.5(A)(1) is checked, such allocation shall be effected as of the last day of the (check one): [ ] (a) month [ ] (b) quarter [ X ] (c) Plan Year in which the forfeiture occurs under Section 7.6(c) of the Plan, in proportion to the Employer and/or Matching Contributions (as applicable) allocated to the remaining Participants for the period for which the allocation is effected.
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