Common use of Elective Deferral Account Clause in Contracts

Elective Deferral Account. The Plan applies a Participant’s elections only to the Participant’s Elective Deferral Account. The Employer will make all payment elections as to Nonelective and Matching Contribution Accounts. Note: A Participant must elect a payment event from those which the Employer has elected under 4.01 above, unless the Employer has permitted a Participant to elect the 409A permissible payment events. A Participant in his/her election form may limit the payment election to Compensation Deferred at the time of the election or also may apply the payment election to all future Deferred Compensation.

Appears in 4 contracts

Samples: Adoption Agreement (Frischs Restaurants Inc), Adoption Agreement (Frischs Restaurants Inc), Adoption Agreement (Frischs Restaurants Inc)

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Elective Deferral Account. The Plan applies a Participant’s 's elections only to the Participant’s 's Elective Deferral Account. The Employer will make all payment elections as to Nonelective and Matching Contribution Accounts. Note: A Participant must elect a payment event from those which the Employer has elected under 4.01 above, unless the Employer has permitted a Participant to elect which might include all of the 409A permissible payment events. A Participant in his/her election form may limit the payment election to Compensation Deferred at the time of the election or also may apply the payment election to all future Deferred Compensation.

Appears in 1 contract

Samples: Adoption Agreement (DNB Financial Corp /Pa/)

Elective Deferral Account. The Plan applies a Participant’s 's elections only to the Participant’s 's Elective Deferral Account. The Employer will make all payment elections as to Nonelective and Matching Contribution Accounts. Note: A Participant must elect a payment event from those which the Employer has elected under 4.01 above, unless the Employer has permitted a Participant to elect the 409A permissible payment events. A Participant in his/her election form may limit the payment election to Compensation Deferred at the time of the election or also may apply the payment election to all future Deferred Compensation.

Appears in 1 contract

Samples: Nonqualified Deferred Compensation Plan Adoption Agreement (Dentsply International Inc /De/)

Elective Deferral Account. The Plan applies a Participant’s elections only to the Participant’s Elective Deferral Account. The Employer will make all payment elections as to Nonelective and Matching Contribution Accounts. Note: A Participant must elect a payment event from those which the Employer has elected under 4.01 above, unless the Employer has permitted a Participant to elect which might include all of the 409A permissible payment events. A Participant in his/her election form may limit the payment election to Compensation Deferred at the time of the election or also may apply the payment election to all future Deferred Compensation.

Appears in 1 contract

Samples: Adoption Agreement (Landstar System Inc)

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Elective Deferral Account. The Plan applies a Participant’s elections only to the Participant’s Elective Deferral Account. The Employer will make all payment elections as to Nonelective and Matching Contribution Accounts. Note: A Participant must elect a payment event from those which the Employer has elected under 4.01 above, unless the Employer has permitted a Participant to elect the 409A permissible payment events. A Participant in his/her election form may limit the payment election to Compensation Deferred at the time of the election or also may apply the payment election to all future Deferred Compensation, regardless of whether under (a) above, the Participant’s election applies to some or all of the Participant’s Account types.

Appears in 1 contract

Samples: Deferred Compensation Plan (Rurban Financial Corp)

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