ALLOCATION OF FORFEITURES. The Employer may decide in its discretion how to treat forfeitures under the Plan. Alternatively, the Employer may designate under this AA Β§8-6 how forfeitures occurring during a Plan Year will be treated. ER Match πΉ π (a) N/A. All contributions are 100% vested. [Do not complete the rest of this AA Β§8-6.] π π (b) Reallocated as additional Employer Contributions or as additional Matching Contributions. π π (c) Used to reduce Employer and/or Matching Contributions. For purposes of subsection (b) or (c), forfeitures will be applied: π π (d) for the Plan Year in which the forfeiture occurs. π π (e) for the Plan Year following the Plan Year in which the forfeitures occur. Prior to applying forfeitures under subsection (b) or (c): π π (f) Forfeitures may be used to pay Plan expenses. π π (g) Forfeitures may not be used to pay Plan expenses. In determining the amount of forfeitures to be allocated under subsection (b), the same allocation conditions apply as for the source for which the forfeiture is being allocated under AA Β§6-7 or AA Β§6B-7, unless designated otherwise below:
Appears in 3 contracts
Samples: Retirement Trust Plan, esbpublic.cusd200.org, www.d11.org
ALLOCATION OF FORFEITURES. The Employer may decide in its discretion how to treat forfeitures under the Plan. Alternatively, the Employer may designate under this AA Β§8-6 how forfeitures occurring during a Plan Year will be treated. ER Match πΉπ π (a) N/A. All contributions are 100% vested. [Do not complete the rest of this AA Β§8-6.] π π (b) Reallocated as additional Employer Contributions or as additional Matching Contributions. π π (c) Used to reduce Employer and/or Matching Contributions. For purposes of subsection (b) or (c), forfeitures will be applied: π π (d) for the Plan Year in which the forfeiture occurs. π π (e) for the Plan Year following the Plan Year in which the forfeitures occur. Prior to applying forfeitures under subsection (b) or (c): π π (f) Forfeitures may be used to pay Plan expenses. π π (g) Forfeitures may not be used to pay Plan expenses. In determining the amount of forfeitures to be allocated under subsection (b), the same allocation conditions apply as for the source for which the forfeiture is being allocated under AA Β§6-7 or AA Β§6B-7, unless designated otherwise below:
Appears in 1 contract
Samples: www.missouristate.edu
ALLOCATION OF FORFEITURES. The Employer may decide in its discretion how to treat forfeitures under the Plan. Alternatively, the Employer may designate under this AA Β§8-6 how forfeitures occurring during a Plan Year will be treated. ER Match πΉ οΏ½οΎ ο¨ οΏ½ (a) N/A. All contributions are 100% vested. [Do not complete the rest of this AA Β§8-6.] πο¨ ο¨ π (b) Reallocated as additional Employer Contributions or as additional Matching Contributions. ο¨ ο¨ π π (c) Used to reduce Employer and/or Matching Contributions. For purposes of subsection (b) or (c), forfeitures will be appliedο¨ ο¨ : π π (d) for the Plan Year in which the forfeiture occuο¨ ο¨ rs. π π (e) for the Plan Year following the Plan Year in which the forfeitures occur. Prior to applying forfeitures under subsection (b) orο¨ ο¨ (c): π π (f) Forfeitures may be used to pay Plan exο¨ ο¨ penses. π π (g) Forfeitures may not be used to pay Plan expenses. In determining the amount of forfeitures to be allocated under subsection (b), the same allocation conditions apply as for the source for which the forfeiture is being allocated under AA Β§6-7 or AA Β§6B-7, unless designated o: ο¨ ο¨ (h) Forfeitures are not subject to any allocation conditions. ο¨ ο¨ (i) Forfeitures are subject to a last day of employment allocation condition. ο¨ ο¨ (j) Forfeitures are subject to a Hours of Service minimum service requirement. In determining the treatment of forfeitures under this AA Β§8-6, the following special rules applytherwise below:
Appears in 1 contract
Samples: www.d11.org
ALLOCATION OF FORFEITURES. The Employer may decide in its discretion how to treat forfeitures under the Plan. Alternatively, the Employer may designate under this AA Β§8-6 7 how forfeitures occurring during a Plan Year will be treated. ER Match πΉ(See Section 6.11 of the Plan.) π (a) N/A. All contributions are 100% vested. [Do not complete the rest of this AA Β§87-6.] π π (b) Reallocated as additional Employer Contributions or as additional Matching Contributions. πΉ π π (c) Used to reduce Employer and/or Matching Contributions. For purposes of subsection (b) or (c), forfeitures will be appliedπΉ : π π (d) for the Plan Year in which the forfeiture occurs. π π (e) for the Plan Year following the Plan Year in which the forfeitures occur. Prior to applying forfeitures under subsection (b) or). πΉ (c): π π (f) Forfwill eitures may be used to pay Plan (See Section 6.11(d) of the Plan.) expenses. π π (g) Fowill rfeitures may not be used to pay Plan expenses. In determining the amount of forfeitures to be allocated under subsection (b), the same allocation conditions apply as for the source for which the forfeiture is being allocated under AA Β§65-7 or AA Β§6B-7, unless designated o. π (h) Forfeitures are not subject any allocation conditions. π (i) Forfeitures are subject to a last day of employment allocation condition. π (j) Forfeitures are subject to a Hours of Service minimum service requirement. In determining the treatment of forfeitures under this AA Β§8-7, the following special rules apply: π (k) Describetherwise below:
Appears in 1 contract
Samples: Purchase Plan Adoption Agreement
