Common use of hereafter Clause in Contracts

hereafter. Unless the Employer has specified otherwise in the Adoption Agreement, the amount of the Employer Contribution shall be calculated on the basis of the Compensation of all Participants and former Participants who were employed by the Employer during the Plan Year. If the Employer has specified in the Adoption Agreement that a minimum number of Hours of Service are necessary to receive an Employer Contribution in a Plan Year in which the Plan is not Top Heavy, Participants and former Participants, as the case may be, who fail to complete the required number of Hours of Service during such a Plan Year shall not be considered when calculating the amount of the Employer Contribution. If the Employer has so specified in the Adoption Agreement, only Participants who are employed by the Employer on such Valuation Date and who are otherwise entitled to receive an allocation shall be considered when calculating the amount of the Employer Contribution. Employer Contributions shall be allocated to the Employer Contribution Accounts of only those Participants who were included in the calculation of the amount of the Employer Contribution.