Employee Deferral Account definition

Employee Deferral Account means an Account maintained on the books of the Company or its designee to record the Employee Deferrals and Notional Earnings thereon of a Participant. An Employee Deferral Account may have such subaccounts as the Committee determines to be necessary or convenient.
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Employee Deferral Account means the account which is maintained for each Participant to record (i) the Participant’s Deferral Contributions, minus any withdrawals and (ii) his or her share of the net income, or net losses, resulting from the investment in the Employee Deferral Account.
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Employee Deferral Account means such account as defined in Section 4.5 of the Plan.
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Examples of Employee Deferral Account in a sentence

  • Eligible participants may elect to defer a percentage of their compensation to be contributed to their Employee Deferral Account.

  • In addition, these states do not appear to affect overall prescribing behavior, suggesting that PDMPs with “must access” laws can target potential misuse without hindering medically appropriate access.

  • Upon 30 days written notice from submission of the necessary completed forms to the Plan Administrator and subject to the Plan Administrator’s approval, a Participant may withdraw all or part of his or her Deferral Contributions made as of the date of the withdrawal request, plus any earnings credited to the Employee Deferral Account as of December 31, 1988, to the extent necessary to meet a financial hardship.

  • A Participant shall have a nonforfeitable interest in the Participant’s Employee Deferral Account at all times.

  • The amount of such withdrawal shall be taken from the Participant’s Employee Deferral Account and paid to the Participant in a single sum.


More Definitions of Employee Deferral Account

Employee Deferral Account which shall reflect credits to a Member's Account made on his or her behalf pursuant to Section 3.1, as adjusted to reflect other credits or charges.
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Employee Deferral Account which shall reflect a Member's ------------------------- interest in contributions made by a Plan Sponsor under Plan Section 3.1.
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Employee Deferral Account means any accounts maintained under the Plan for a Participant pursuant to Section 3.2.
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Employee Deferral Account means the separate subaccount into which shall be credited the Deferral Contributions made on a Participant’s behalf and earnings on those contributions.
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Employee Deferral Account means the account maintained to record the Participant's Employee Deferrals and any other adjustments as required under Articles III, IV, or X of the Plan.
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Employee Deferral Account means the separate account, if applicable, established on behalf of a Participant to reflect voluntary deferral contributions credited on his or her behalf. A separate Employee Deferral Account shall be established for each Plan Year beginning and after January 1, 2016.
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Employee Deferral Account which shall reflect a Participant's interest in contributions made by a Plan Sponsor under Plan Section 3. 1.
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