Forfeitures. Unless otherwise specified in the Adoption Agreement, any forfeitures which occur will reduce Employer contributions for the next Plan Year. If the Adoption Agreement specifies that forfeitures are to be allocated to the Accounts of other Participants, the Plan shall continue to be designed to qualify as a money purchase pension plan for purposes of sections 401(a), 402, 412 and 417 of the Code.
Appears in 10 contracts
Sources: Adoption Agreement (Premier Strategic Growth Fund), Adoption Agreement (Dreyfus Global Growth Fund), Adoption Agreement (Dreyfus Growth Opportunity Fund Inc)