Common use of Defined Contribution Clause in Contracts

Defined Contribution. Plan A plan under which Employee accounts are maintained for each Participant to which all contributions, forfeitures, investment income and gains or losses, and expenses are credited or deducted. A Participant’s benefit under such plan is based solely on the fair market value of his or her account balance.

Defined Contribution. Plan PLAN A plan under which Employee accounts are maintained for each Participant to which all contributions, forfeitures, investment income and gains or losses, and expenses are credited or deducted. A Participant’s 's benefit under such plan is based solely on the fair market value of his or her account balance.

Defined Contribution. Plan A plan under which Employee accounts are maintained for each Participant to which all contributions, forfeitures, investment income and gains or losses, and expenses are credited or deducted. A Participant’s 's benefit under such plan is based solely on the fair market value of his or her account balance.