Discretionary Employer Contribution Account definition

Discretionary Employer Contribution Account means the separate, individual account established on behalf of an Eligible Employee to which Discretionary Employer Contributions, if any, are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account, as well as any losses, depreciation, or expenses allocable to amounts credited to such account.
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Discretionary Employer Contribution Account means the separate, ------------------------------------------------ individual account established on behalf of an Eligible Employee to which Discretionary Employer Contributions, if any, are credited, including "discretionary Employer contributions" made under the Prior Plan, together with all earnings and appreciation thereon, and against which are charged any withdrawals, and other distributions made from such account, as well as any losses, depreciation, or expenses allocable to amounts credited to such account.
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Discretionary Employer Contribution Account means the account maintained for a Participant to record his share of Discretionary Employer Contributions and forfeitures, and adjustments relating thereto.
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Examples of Discretionary Employer Contribution Account in a sentence

  • The Committee shall allocate the Discretionary Employer Contributions, if any, to each eligible Participant's Discretionary Employer Contribution Account in the same ratio that each Participant's Annual Compensation for the Plan Year bears to the total Annual Compensation of all Participants for such Plan Year.

  • A participant may withdraw from a Discretionary Employer Contribution Account under guidelines established by the Committee that are uniformly applicable to all participants.

  • Except as provided in the preceding sentence, an appropriate adjustment shall be made in the Participant's Discretionary Employer Contribution Account and Matching Employer Contribution Account, if any, to reflect the return of a portion of an Employer Contribution.

  • The Discretionary Employer Contributions allocated to each Participant shall be credited to such Participant’s Discretionary Employer Contribution Account and shall be invested in accordance with Article VI of the Plan.

  • In the case of any other authorized leave of absence or any other leave of absence approved by his Employer, his interest in his Discretionary Employer Contribution Account, Matching Employer Contribution Account and ESOP Transfer Account shall continue to vest, as provided in Article 6, but only if he resumes employment with an Employer not later than the first working day following the expiration of the period of such leave.

  • A Participant may not withdraw any portion of his Matching Employer Contribution Account or his Discretionary Employer Contribution Account, except as set forth in subparagraph (c) above, for any reason prior to his retirement or other termination of employment.

  • Install a safety suggestion box in the work area and ask employees to contribute their comments and suggestions.

  • Each amount credited to a Participant’s Discretionary Employer Contribution Account (and allocable earnings) shall vest as determined by the Administrative Committee.

  • A Participant shall become fully vested in the Net Value of his Matching Contribution Account and the Net Value of his Discretionary Employer Contribution Account upon the earlier of such Participant’s (i) Normal Retirement Age or (ii) termination of employment by reason of death, Disability or reaching his Retirement Date.

  • After a Participant has withdrawn all of his Rollover Contribution Account, if any, he may withdraw all or any portion of the amount of his vested Matching Employer Contribution Account accrued prior to July 1, 1995 and vested Discretionary Employer Contribution Account accrued prior to July 1, 1995 that has been in such Account(s) for a period of at least two years.


More Definitions of Discretionary Employer Contribution Account

Discretionary Employer Contribution Account means the individual account for a Participant to record the Discretionary Employer Contributions and which is credited for such Account’s Earnings pursuant to Article 4.
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Discretionary Employer Contribution Account means the Account maintained for a Participant under Section 4.1 (v).
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Discretionary Employer Contribution Account the account or sub-account established and maintained to reflect Participating Employer contributions under the Prior Plan and discretionary Participating Employer contributions under Section 3.6 of this Plan, as periodically adjusted for investment experience. In the case of a Participant for whose benefit contributions were made under the qualified cash-or-deferred feature of the Prior Plan, there shall be maintained within the Participant's Discretionary Employer Contribution Account a separate sub-account to reflect such contributions and associated investment experience.
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Discretionary Employer Contribution Account means the account established for any Member for whom the Employer elects to make a Discretionary Employer Contribution and to which those contributions are allocated as described in Section 3.03.
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Discretionary Employer Contribution Account means the account maintained to reflect the Participant’s interest under the Plan attributable to his or her Discretionary Nonelective Contributions and Discretionary Matching Contributions, if any, pursuant to Section 4.03.
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Discretionary Employer Contribution Account means the ------------------------------------------- subaccount maintained as a part of a person's Account to show his or her interest attributable to Discretionary Employer Contributions.
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Related to Discretionary Employer Contribution 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Employer Contributions means all amounts paid into ASRS by an

  • 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.

  • 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

  • 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.

  • 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.

  • 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.

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

  • 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).

  • Discretionary Contribution means the contribution made by the Employer on behalf of a Participant as described in Section 4.4(b).

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or 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).

  • 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.

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

  • 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.

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

  • Discretionary Account means a Personal Account in which you have completely turned over decision-making authority to a professional money manager (who is not a Family Member or not otherwise covered by this Code) and you have no direct or indirect influence or control over the account. (Such Discretionary Accounts are often referred to as “professionally managed,” “controlled” or “managed” accounts.)

  • 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.

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