Qualified Nonelective Contribution Account definition

Qualified Nonelective Contribution Account means the account established hereunder to which Qualified Nonelective Contributions are allocated. Amounts in the Qualified Nonelective Contribution Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e).

Qualified Nonelective Contribution Account means the separate account established and maintained by the Administrator for each Participant with respect to the Participant’s total interest in the Plan resulting from Qualified Nonelective Contributions. Amounts in the Qualified Nonelective Contribution Account are nonforfeitable when made and are subject to the distribution restrictions of Section 4.2(d).

Qualified Nonelective Contribution Account means an account maintained on the books of the Plan, in which are recorded the Qualified Nonelective Contributions on behalf of a Participant and the income, expense, gain and loss attributable thereto.

Examples of Qualified Nonelective Contribution Account in a sentence

• Hardship distributions are NOT permitted from a Participant's Qualified Nonelective Contribution Account (including any 401(k) Safe Harbor Contributions) or Qualified Matching Contribution Account.

• The balance in each Participant's Elective Deferral Account, Qualified Matching Contribution Account and Qualified Nonelective Contribution Account shall be fully Vested at all times and, except as otherwise provided herein, shall not be subject to Forfeiture for any reason.

• Notwithstanding the above, distributions from the Participant's Elective Deferral Account, Qualified Matching Contribution Account and Qualified Nonelective Contribution Account pursuant to this Section shall be limited solely to the Participant's Elective Deferrals and any income attributable thereto credited to the Participant's Elective Deferral Account as of December 31, 1988.

More Definitions of Qualified Nonelective Contribution Account

Qualified Nonelective Contribution Account means the separate account maintained pursuant to Section 7.03(f) hereof for Qualified Matching Contributions and Qualified Nonelective Contributions allocated to the Participant and the income, expenses, gains and losses attributable thereto.

Qualified Nonelective Contribution Account means the Account maintained to reflect the Qualified Nonelective Contributions made by the Employer on behalf of a Participant and the investment experience, expenses and distributions pertaining thereto.

Qualified Nonelective Contribution Account means an account established pursuant to paragraph (b) of Article VI with respect to qualified nonelective contributions made by an Employer pursuant to Article V.

Qualified Nonelective Contribution Account means so much of a Participant’s Account as consists of amounts attributable to Qualified Nonelective Contributions allocated to such Participant’s Account, including all earnings and gains attributable thereto and reduced by all losses attributable thereto, all expenses chargeable there against and by all withdrawals and distributions therefrom.

Qualified Nonelective Contribution Account means the Account maintained for Qualified Nonelective Contributions made to the Plan on behalf of a Participant, after adjustment for earnings, losses, changes in market value, fees, expenses and distributions, if any.

Qualified Nonelective Contribution Account means the account established pursuant to Section 5.4 to which a Member's share of Qualified Nonelective Contributions shall be credited.

Qualified Nonelective Contribution Account means the Account established for a Participant under Section 4.1 (iv).