Common use of No Plan Allocations Clause in Contracts

No Plan Allocations. If, for a Plan Year, there are no allocations of Employer Contributions or of forfeitures for any Key Employee, the Plan does not require any Top-Heavy Minimum Allocation for the Plan Year, unless a Top-Heavy Minimum Allocation applies because of the maintenance by the Employer of more than one plan.

Appears in 2 contracts

Samples: Adoption Agreement (Knowles Corp), Plan and Trust Agreement (Finisar Corp)

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No Plan Allocations. If, for a Plan Year, there are no allocations of Employer Contributions or of forfeitures for any Key Employee, the Plan does not require any Top-Top- Heavy Minimum Allocation for the Plan Year, unless a Top-Heavy Minimum Allocation applies because of the maintenance by the Employer of more than one plan.

Appears in 1 contract

Samples: Participation Agreement (Nci Building Systems Inc)

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No Plan Allocations. If, for a Plan Year, there are no allocations of Employer Contributions or of forfeitures for any Key Employee, the Plan does not require any Top-Heavy Top‑Heavy Minimum Allocation for the Plan Year, unless a Top-Heavy Top‑Heavy Minimum Allocation applies because of the maintenance by the Employer of more than one plan.

Appears in 1 contract

Samples: Plan and Trust Agreement (Bob Evans Farms Inc)

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