Definition of Account Balance Plan


Account Balance Plan means an Elective Deferral Account Balance Plan or an Employer Contribution Account Balance Plan, or a combination of both, as the Employer elects in its Adoption Agreement.


Account Balance Plan means any plan, agreement or arrangement of the Company or any of its Affiliates that is an “account balance plan” as defined in Treasury Regulation Section 1.409A-1(c)(2)(A) and (B).

Account Balance Plan means an “account balance plan” within the meaning of Treasury Regulation §1.409A-1(c)(2)(i)(A) (whether elective or non-elective in nature) maintained by an Employer or any affiliate thereof. “Affiliate” for this purpose shall mean (i) a corporation that is a member of the same controlled group of corporations (within the meaning of section 414(b) of the Code) as an Employer or (ii) a trade or business (whether or not incorporated) under common control (within the meaning of section 414(c) of the Code) with an Employer. An Account Balance Plan shall include, without limitation, (i) the deferral program set forth in Article VII, (ii) the interest-bearing deferral arrangements maintained by the Company and TDS Telecommunications Corporation; (iii) the Company’s Supplemental Executive Retirement Plan; (iv) the United States Cellular Corporation Executive Deferred Compensation Interest Account Plan and (v) the deferral arrangement maintained by United States Cellular Corporation under its Long-Term Incentive Plan.

Examples of Account Balance Plan in a sentence

An Elective Deferral Account Balance Plan is a plan comprised of an Elective Deferral Account as described under Treas.
An Employer Contribution Account Balance Plan is a plan comprised of Employer Nonelective Contribution Accounts, Matching Contribution Accounts, or both, as described under Treas.
A Participant must name a separate beneficiary for each Account Balance Plan.
Effective June 30, 1996, the Retirement Account Balance Plan, a separate individual account plan within the meaning of 29 U.S.C. §§ 1 002(34) and 1 002(35)(8) that is excluded from coverage under Title IV of ERISA pursuant to 29 U.S.C. § 1321{b)(12), was merged into the Plan, with the individual accounts maintained within the Plan (the individual accounts within the Plan are hereinafter referred to as the RAB Plan).
The Corporation intends to operate the Plan in accordance with all applicable laws, but in the event that any Account Balance Plan fails to meet the requirements or fails to be operated in accordance with applicable laws, the Corporation will not be responsible for any assessment of income tax, late fee, and/or excise tax.



More definitions of Account Balance Plan

Account Balance Plan means any non-qualified deferred compensation account balance plan (as defined in §31.3121(v)(2)-1(c)(1)(ii)(A) of the Treasury Regulations) sponsored by the Plan Sponsor or any Employer that would be aggregated with the Plan for purposes of Section 409A.


Account Balance Plan means any deferred compensation plan under which Participants may elect to defer compensation into a deferred compensation account for the benefit of that Participant.

Account Balance Plan means an Elective Deferral Account Balance Plan or an Employer Contribution Account Balance Plan, or a combination of both, as the Employer elects in its Adoption Agreement. Elective Deferral Account Balance Plan. An Elective Deferral Account Balance Plan is a plan comprised of an Elective Deferral Account as described under Treas. Reg. §1.409A-1(c)(2)(i)(A). Employer Contribution Account Balance Plan. An Employer Contribution Account Balance Plan is a plan comprised of Employer Nonelective Contribution Accounts, Matching Contribution Accounts, or both, as described under Treas. Reg. §1.409A-1(c)(2)(i)(B).

Account Balance Plan means any non-qualified deferred compensation account balance plan (as defined in §31.3121(v)(2)-1(c)(1)(ii)(A) of the Treasury Regulations) sponsored by the Company, its subsidiaries or its affiliates that would be aggregated with the Plan for purposes of Section 409A.

Account Balance Plan means any non-qualified deferred compensation account balance plan (as defined in §31.3121(v)(2)-1(c)(1)(ii)(A) of the Treasury Regulations) sponsored by the Company.

Account Balance Plan means the portion of the Plan other than the Appendix A Plan.