Deferral Account definition

Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.
Deferral Account means (i) the sum of all of a Participant's Annual Deferral Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Deferral Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to his or her Deferral Account.
Deferral Account means (i) the sum of all of a Participant’s Annual Deferral Amounts, plus (ii) amounts credited or debited to the Participant’s Deferral Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to his or her Deferral Account.

Examples of Deferral Account in a sentence

  • A distribution from a Participant’s Xxxx Deferral Account may only be made if the distribution is a qualified distribution within the meaning of Code §402A(2)(d).

  • Deferral Account may not be made before the earliest of the time a Participant has a Severance from Employment, dies, has a Hardship, becomes Disabled or attains age 59 ½.

  • Unless designated otherwise under this subsection, to the extent a Participant takes a distribution or withdrawal from his/her Salary Deferral Account(s), the Participant may designate the extent to which such distribution is taken from the Pre-Tax Deferral Account or from the Xxxx Deferral Account.

  • A distribution from a Participant's Xxxx Deferral Account may only be made if the distribution is a qualified distribution within the meaning of Code §402A(2)(d).


More Definitions of Deferral Account

Deferral Account means the account maintained to reflect the Trustee's Compensation Deferrals made pursuant to Section 3 hereof and any other credits or debits thereto.
Deferral Account means the bookkeeping account maintained by the Committee for each Participant that is credited with amounts equal to (1) the portion of the Participant’s Compensation that he or she elects to defer, and (2) earnings and losses pursuant to Section 4.1.
Deferral Account means the account maintained to reflect an Eligible Participant's Deferrals made pursuant to Section 3 herein and any other credits or debits thereto.
Deferral Account means the account maintained to reflect the Trustee's Compensation Deferral made pursuant to Section 3 hereof and any other credits or debits thereto.
Deferral Account means the Employer’s accounting of the accumulated Contributions plus accrued interest.
Deferral Account means the sum of all of a Participant's Annual Deferral Amounts, plus amounts credited and debited in accordance with all the applicable provisions of the Plan, less all distributions made to the Participant or his or her Beneficiary pursuant to the Plan that relate to his or her Deferral Account. This account shall be a bookkeeping entry only and shall be utilized solely as a device for the measurement and determination of the amounts to be paid to the Participant pursuant to this Plan.
Deferral Account means the account maintained on the books of the Employer for the purpose of accounting for the amount of Compensation that each Participant elects to defer under the Plan and for the amount of investment return credited thereto for each Participant pursuant to Article V.