Deferral Account definition

Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.
Deferral Account means (i) the sum of all of a Participant's Annual Deferral Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Deferral Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to his or her Deferral Account.
Deferral Account means (i) the sum of all of a Participant’s Annual Deferral Amounts, plus (ii) amounts credited or debited to the Participant’s Deferral 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 his or her Deferral Account.

Examples of Deferral Account in a sentence

  • A Participant shall at all times be one hundred percent (100%) vested in his or her Deferral Account.

  • For each Plan Year, the Deferral Amount shall be withheld and credited to the Deferral Account as soon as administratively feasible following the time the amounts would otherwise be paid to the Participant.


More Definitions of Deferral Account

Deferral Account means the account maintained to reflect the Trustee's Compensation Deferrals made pursuant to Section 3 hereof and any other credits or debits thereto.
Deferral Account means the Company's accounting of the Executive's accumulated Deferrals plus accrued interest.
Deferral Account means the bookkeeping account maintained by the Committee for each Participant that is credited with amounts equal to (1) the portion of the Participant’s Compensation that he or she elects to defer, and (2) earnings and losses pursuant to Section 4.1.
Deferral Account means the Bank's accounting of the Executive's accumulated Deferrals, plus accrued interest.
Deferral Account means the account maintained to reflect an Eligible Participant's Deferrals made pursuant to Section 3 herein and any other credits or debits thereto.
Deferral Account means the Employer’s accounting of the accumulated Contributions plus accrued interest.
Deferral Account means the account or subaccount established and maintained by the Company for specified deferrals by a Participant, as described in Section 6. Deferral Accounts will be maintained solely as bookkeeping entries by the Company to evidence unfunded obligations of the Company.