Discretionary Employer Matching Contribution Account definition

Discretionary Employer Matching Contribution Account means the account into which shall be credited the Discretionary Employer Matching Contributions made on an Employee’s behalf pursuant to Section 5.4 and earnings on those contributions.
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Examples of Discretionary Employer Matching Contribution Account in a sentence

  • Principal and interest payments first shall be credited to the Participant's Salary Deferral Contribution Account, then to his Employer Matching Contribution Account, and then to his Discretionary Employer Matching Contribution Account (any loss caused by nonpayment of such loan shall be borne solely by such Account in the same order of preference as principal and interest payments) to be invested as otherwise provided in the Plan.

  • The amount to be borrowed by the Participant shall come from assets held in the Participant's Salary Deferral Contribution Account, Employer Matching Contribution Account, Discretionary Employer Matching Contribution Account, or Rollover Account, and any loan shall be considered an asset of such Account.

  • Your first Year of Service period for determining the vested amount of your Employer Profit Sharing Contribution Account and Discretionary Employer Matching Contribution Account (if applicable) begins as of the later of October 1, 1995 (the Plan’s Effective Date) or your date of employment, and ends as of the end of the Plan Year in which such date occurred.

  • If you are not vested in any portion of your Employer Profit Sharing Contribution Account and/or your Discretionary Employer Matching Contribution Account (if applicable) when you terminate your employment, service earned before your Break in Service will be forfeited if your number of consecutive Breaks in Service equals or exceeds the greater of five or the aggregate number of your Years of Service for eligibility before your consecutive Breaks in Service.

  • In the event you terminate employment with the Employer for any reason other than Death or Total Disability before the Plan’s Normal Retirement Age or Early Retirement Age, you will forfeit the entire amount in your Employer Profit Sharing Contribution Account and Discretionary Employer Matching Contribution Account (if applicable) if you have not completed two (2) Years of Service for Vesting.

  • Forfeiture If you terminate employment before your Death, Disability, the attainment of the Plan’s Normal Retirement Age or the attainment of the Plan’s Early Retirement Age, before you haveenough Years of Service to be fully vested, you will forfeit part of your Employer Profit Sharing Contribution Account and/or your Discretionary Employer Matching Contribution Account (if applicable).

  • You direct the investment of your interest in the Elective Deferral Account (including any applicable Catch-Up Contributions), Employer Profit Sharing Contribution Account, Discretionary Employer Matching Contribution Account and Rollover Account (if any).

  • Depending upon your Years of Service with the Employer, your Employer ProfitSharing Contribution Account and Discretionary Employer Matching Contribution Account (if applicable) shall be vested in accordance with the following schedule: Years of Service Vestedfor Vesting Percentage You are always 100% vested in your Elective Deferral Account (including any applicable Catch- Up Contributions) and Rollover Account (if any).

  • Your eligibility to participate in the Plan, your eligibility to receive an Employer Profit Sharing Contribution (if applicable) and the determination of the vested amount in your Employer Profit Sharing Contribution Account and Discretionary Employer Matching Contribution Account (if applicable) are based on your Service.

  • Years of Service before the Employer maintained the Plan (i.e., before October 1, 1995) shall be excluded for purposes of determining your vested interest in your Employer ProfitSharing Contribution Account and Discretionary Employer Matching Contribution Account (if applicable).

Related to Discretionary Employer Matching Contribution Account

  • 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.

  • 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.

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

  • 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.

  • 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 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.

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

  • 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.

  • 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.

  • 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.

  • 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.

  • 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

  • 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.

  • 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.

  • Employer Contributions means all amounts paid into ASRS by an

  • 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.

  • 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.

  • 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.

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

  • 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.

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

  • Nonelective Contribution means an amount contributed by a participating

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

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

  • 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.