Basic Matching Contribution Account definition
Examples of Basic Matching Contribution Account in a sentence
A Participant’s Basic Matching Contribution Account value as of any date will equal the value at such date of his Investment Accounts created from Basic Matching Contributions.
A distribution of the Excess Aggregate Contributions and the income allocable thereto shall be charged to the Highly Compensated Employee’s Basic Matching Contribution Account and Bonus Matching Contribution Account, as appropriate, at the time such distribution is made.
An Employee who does not resume employment in a classification of employees that is eligible to participate in the Plan (determined under Article II) prior to the repayment deadline specified above shall not have his Basic Matching Contribution Account, Supplemental Matching Contribution Account and Supplemental Contribution Account balances restored.
In addition, a Participant who has elected a reallocation pursuant to Section 6.2 may have additional Investment Accounts for his Basic Matching Contribution Account, Bonus Matching Contribution Account or Profit Sharing Contribution Account.
Each Participant’s proportionate share shall be credited to his Basic Matching Contribution Account.
Reallocations must be made in such a way that the allocation of a Participant’s Before-Tax Contribution Account, Rollover Account, Basic Matching Contribution Account, Bonus Matching Contribution Account, Profit Sharing Account or Transfer Account among the investment Options will be either in flat dollar amounts or in whole percentages.
To the extent that a Participant or former Participant does not have a Nonforfeitable Interest in amounts credited to his Basic Matching Contribution Account, Supplemental Matching Contribution Account or Supplemental Contribution Account, he has a Forfeitable Interest in amounts credited to such accounts.
In accordance with procedures established by the Committee, a Participant or former Participant may designate the percentage of his Basic Matching Contribution Account, Supplemental Matching Contribution Account, QNEC Account, Rollover Contribution Account and Salary Deferral Contribution Account to be invested in each investment fund available under the Plan.
The account described in Section 7.4 (Basic Matching Contribution Account).
The sum of a Participant’s Basic Matching Contribution Account, Bonus Matching Contribution Account, Profit Sharing Contribution Account, Rollover Account, Transfer Account and Before-Tax Contribution Account.