APT Account definition
APT Account which shall reflect a Participant's interest, if any, in his Matching Contributions Account and Employer Contributions Account under the Applied Process Plan and transferred to the Plan in a trust-to-trust transfer. In addition, the Plan Administrator shall allocate the interest of a Participant in any funds transferred to the Plan in a trust-to-trust transfer (other than Rollover Amounts) or pursuant to the merger of another tax-qualified retirement plan with the Plan among the above accounts as the Plan Administrator determines best reflects the interest of the Participant.
Examples of APT Account in a sentence
A Participant who has attained age 59 1/2 may withdraw from his Pre-Tax Participant Contributions Account, Matching Account (without any of the restrictions described in Article 7.4), Old Company Account or APT Account.