Base Contribution Account definition

Base Contribution Account means the account maintained for a Participant to record base contributions made by the Employer pursuant to Article 4.
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Base Contribution Account means the Account established by --------------------------- the Committee for each Participant (other than for Residents of Puerto Rico), which Account shall be invested as provided in Article V on behalf of the Participant for whom such Account was established, and to which Base Contributions, "Rollover Contributions" under Section 3.7, and transferred assets credited under Section 3.1 ("Base Contributions") of the Prior Plan as of January 1, 1995, on behalf of such Participant, and the earnings and losses thereon, shall be allocated.
Sample 1
Base Contribution Account means the bookkeeping account (or subaccount(s)) maintained for each Member to record all amounts credited on his behalf under Section 3.01(d) and earnings on those amounts pursuant to Section 3.02
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Examples of Base Contribution Account in a sentence

  • If a Participant terminates employment before his interest in his Base Contribution Account or Historic Account are fully vested, that portion which has not vested shall be forfeited as of the date of his termination of employment.

  • A Member who terminates employment with the Company and its Affiliates with a Vested Interest in his Base Contribution Account that is less than 100% shall forfeit to the Company the nonvested portion of such Base Contribution Account as of the date of such termination.

  • There shall be an ESOP Subaccount and a Non-ESOP Subaccount within the Base Contribution Account.

  • In the case of a terminated Participant who is deemed to have received a distribution, or who did not receive a distribution of his vested account balance upon termination of employment, and who is rehired before he incurs a Forfeiture Break in Service, his forfeited Base Contribution Account and Historic Account shall be restored upon reemployment.

  • No distributions may be made under this Section with respect to income allocable to Rollover, Salary Reduction Contribution Account, Qualified Non-Elective Contribution Account, Nonforfeitable Base Contribution Account or the Matching Contribution Account amounts.

  • The Committee shall allocate the additional contribution to the Base Contribution Account of the Non-Key Employee for whom the Employer makes the contribution.

  • If the value of the Participant's vested Base Contribution Account or Historic Account is zero, the Participant shall be deemed to have received a distribution of such vested Account Balance.

  • There shall be an ESOP Subaccount and a Non-ESOP Subaccount within the HPI Base Contribution Account.

  • Solely for purposes of determining a Participant's Nonforfeitable percentage of his Base Contribution Account and Historic Account which accrued prior to a Forfeiture Break in Service, the Plan shall disregard any Years of Service after the Participant first incurs a Forfeiture Break in Service.

  • Further, a Member shall have a 100% Vested Interest in his Base Contribution Account upon his termination of employment with the Company and its Affiliates after attainment of his Retirement Date or by reason of death.

Related to Base Contribution Account

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Voluntary Contribution Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan resulting from the Participant's nondeductible voluntary contributions made pursuant to Section 4.12.

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Series Distribution Account shall have the meaning specified in Section 8.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Upper-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Upper-Tier REMIC.

  • Excess Interest Distribution Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.05(e) of this Agreement in trust for the Holders of the Excess Interest Certificates, which (subject to changes in the identities of the Certificate Administrator and/or the Trustee) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2019-C7, Commercial Mortgage Pass-Through Certificates, Series 2019-C7, Class S – Excess Interest Distribution Account.” Any such account shall be an Eligible Account. The Excess Interest Distribution Account shall be held solely for the benefit of the Holders of the Excess Interest Certificates. The Excess Interest Distribution Account shall not be an asset of any Trust REMIC, but rather shall be an asset of the Grantor Trust.

  • Lower-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Lower-Tier REMIC.

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Certificate Distribution Account has the meaning assigned to such term in the Trust Agreement.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Payroll Deduction Account means the bookkeeping account established for a Participant in accordance with Section 6.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).