Examples of CODA Account in a sentence
An Employer may elect to not make loans available to Members from a Member’s Regular Account, 401(k) Account, Safe Harbor CODA Account, Profit Sharing Account (including Profit Sharing Rollover amounts), and/or Rollover Account from which the loan shall be allocable based upon the Member’s designation.
The Committee shall maintain a CODA Account for each Participant who had assets transferred to this Plan from the Science Applications International Corporation Cash or Deferred Arrangement.
The finder’s warrants can be exercised at $0.25 per share for a period of 18 month.
If the Participant or Committee determines not to invest the Participant’s CODA Account, SERP Account and/or Deferral Contribution Account, the applicable Account shall be assumed to be invested in such default investment, or at the interest rate at which PNC Bank or its successor, or such other bank as the Committee shall determine, is lending to its most credit-worthy customers less 2%; provided that in no event shall such rate exceed 8%, as the Committee determines it is sole and absolute discretion.
A Participant who has either (1) reached at least age 59-1/2 or (2) terminated employment with the Company, may elect that any portion of the following Accounts be designated as an In-Plan Roth Conversion, but only to the extent vested in such Accounts: Plan Account, Matching Contribution Account, Rollover Account, Profit Sharing Account, Voluntary Account, TRASOP Account, CODA Account and PSRP Profit Sharing Account.
In no event shall a Participant who has received a distribution which includes the balance in his Plan Account, Voluntary Account, TRASOP Account, CODA Account and/or Rollover Account be entitled either to repay the Plan or to have the balance in such Plan Account, Voluntary Account, TRASOP Account, CODA Account and/or Rollover Account reinstated upon reemployment by the Company or an Affiliated Company.
No forfeitures attributable to either Company Matching Contributions or under subparagraph (b) above shall be allocated to any Plan Account, Rollover Account, Voluntary Account, Alternate Payee Account, TRASOP Account, CODA Account or ESOP Alternate Payee Account.
A Participant may only direct that the Committee invest his or her CODA Account, SERP Account and Deferral Contribution Account in any investment available under the 401(k) Plan at the time such direction is given.
An Employer may elect to not make loans available to Members from a Member's Regular Account, 401(k) Account, Safe Harbor CODA Account, Profit Sharing Account (including Profit Sharing Rollover amounts), and/or Rollover Account from which the loan shall be allocable based upon the Member's designation.
The Committee may cause each Participant’s CODA Account, SERP Account and Deferral Contribution Account to be hypothetically invested in accordance with a written investment direction provided to the Committee by the Participant.