Company Matching Contribution Account Balance definition

Company Matching Contribution Account Balance means that portion of a Participant's Account Balance attributable to Company matching contributions as adjusted to reflect their share of earnings and other accretions to the Fund and distributions, losses, and other diminutions to the Fund.
Company Matching Contribution Account Balance means that portion of a Participant's Account Balance attributable to Company matching contributions as adjusted to reflect their share of earnings and other accretions to the Fund and distributions, losses and other diminutions to the Fund. Amounts contained in this Account Balance shall include amounts attributable to (i) Company Matching Contributions made on and after July 1, 1993, which are required to be invested in Company Stock (the "New Company Match"); (ii) Company Matching Contributions made prior to July 1, 1993, which may be invested by Participants and are not required to be invested in Company Stock ("Old Company Match"); (iii) Transferred Account Balances or Rollover Account Balances containing matching contributions, which amounts are subject to Participant investment direction and not required to be invested in Company stock ("Prior Employer's Match"); (iv) matching contributions previously made by the Company with respect to certain covered Participants as an additional matching contribution to compensate for the elimination of certain retiree medical benefits ("New Discretionary Company Match") which amounts are required to be invested in Company Stock; and (v) and discretionary matching contributions made by the Company pursuant to collective bargaining.

Examples of Company Matching Contribution Account Balance in a sentence

  • All amounts in a Participant's Salary Reduction Contribution Account Balance, Rollover or Transferred Account Balances, Voluntary After-Tax Contribution Account Balance, and Company Mandatory (i.e., dividend matching) and Company Matching Contribution Account Balance shall at all times be fully vested and non-forfeitable under the Plan.

  • Each Participant continuing employment with the Company or Related Employers to his Normal Retirement Age or beyond shall be fully vested in his Company Matching Contribution Account Balance and any Discretionary Company Contribution Account Balance.

  • The Plan Administrator (or its designee) shall maintain, or cause to be maintained, books and records in such a manner as to allow determination of a Participant's Company Matching Contribution Account Balance, Salary Reduction Account Balance and, if applicable his Rollover Account Balance, TRASOP Account Balance, Additional Discretionary Company Contribution Account Balance and LGS Account Balance.

  • Leveraged Shares released from the Loan Suspense Account shall be allocated first (i) to the Company Matching Contribution Account Balance of Participants electing Salary Reduction Contributions in such amounts as are necessary to make the Company matching contributions required by Section 3.02(a)(2) and, to the extent that released Shares remain to be allocated, then (ii) to the Company Mandatory Contribution Account Balance of Eligible Participants as required by Section 3.02(a)(3)(i).

  • The legal framework was established by the Reserve Bank of New Zealand (RBNZ) Act 1989 which specifies that the primary functionclosed-economy Phillips curve-based forecasting models arising from globalization—i.e., the greater openness of an economy—focusing explicitly on the interlinkages of the New Zealand economy with the rest of the world.In particular, in this paper we evaluate how the spatial dimension of international economic activity helps understand and forecast New Zealand inflation.

  • Such expenses, which were being charged to revenue in previous year, are now being deferred and charged pro- rata over the succeeding season.

Related to Company Matching Contribution Account Balance

  • 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.

  • Company Matching Contributions means any contributions made to the Company Matching Account of a Participant by a Participating Employer as provided for in Section 4.02.

  • 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 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.

  • Matching Contribution means an Employer contribution made to this or any other Defined Contribution Plan on behalf of a Participant on account of an Employee Contribution made by such Participant, or on account of a Participant's Employee Elective Deferral, under a plan maintained by the Employer.

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Matching Contributions means contributions made by the Employer on account of an "eligible Participant's" Elective Deferrals.

  • 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.

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • 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.

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee's account under any plan of an Employer or a Related Company solely on account of "elective contributions" made on his behalf or "employee contributions" made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • 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.

  • 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 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.

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Employer Contributions means all amounts paid into ASRS by an

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Employer Account The Participant's Matching 401(k) Contributions Account, Matching Thrift Contributions Account, Employer Contributions Account, Qualified Matching Contributions Account and Qualified Nonelective Contributions Account, as the case may be.

  • Participant’s Account means an account maintained for each Participant’s participation in DSUs and/or RSUs under the Plan;

  • Account Balance means, with respect to a Participant, an entry on the records of the Employer equal to the sum of (i) the Deferral Account balance, (ii) the Company Contribution Account balance, and (iii) the Company Restoration Matching Account balance. The Account Balance shall be a bookkeeping entry only and shall be utilized solely as a device for the measurement and determination of the amounts to be paid to a Participant, or his or her designated Beneficiary, pursuant to this Plan.

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Company Contributions means the contributions made by the Company pursuant to Section 3.3.

  • Deferral Contribution means any contribution made to the Plan by the Employer in accordance with the provisions of Section 5.03.

  • 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.