Elective Account definition

Elective Account means the Elective Contributions made on behalf of a Member, and the income, losses, appreciation and depreciation attributable to such contributions.

Elective Account means the memorandum account established and maintained by the Company for each Participant with respect to the Participant’s total interest in the Plan resulting from the Participant’s Base Salary Contributions, Incentive Contributions, Performance Share Contributions and/or RSU Contributions plus the earnings thereon.

Elective Account means the account established and maintained for each Participant with respect to his total interest in the Plan and Trust resulting from Employer Elective Contributions and Employer Non-Elective contributions which satisfy the Code Sections 401(k) (2) (B) and (C)

Examples of Elective Account in a sentence

• The amount by which Compensation is reduced shall be that Participant's Deferred Compensation and be treated as an Employer Elective Contribution and allocated to that Participant's Elective Account.

• Such contribution shall be allocated to the Participant's Elective Account of each Non-Highly Compensated Participant in the same proportion that each Non-Highly Compensated Participant's Compensation for the year bears to the total Compensation of all Non-Highly Compensated Participants.

• Furthermore, any additional Employer contributions which are allocable to the Participant's Elective Account for a Plan Year shall be paid to the Plan no later than the twelve-month period immediately following the close of such Plan Year.

• The balance in each Participant's Elective Account shall be fully Vested at all times and shall not be subject to Forfeiture for any reason.

• Employer Elective Contributions allocated to each Non-Highly Compensated Participant's Elective Account shall be reduced by Excess Deferred Compensation to the extent such excess amounts are made under this Plan or any other plan maintained by the Employer.

More Definitions of Elective Account

Elective Account means the portion of a Participant’s Account attributable to his Elective Contributions, as adjusted for investment gain and loss.

Elective Account means the account established and maintained by the Administrator for each Participant with respect to the Participant's total interest in the Plan and Trust resulting from the Employer Elective Contributions and any Employer Qualified Non-Elective Contributions. A separate accounting shall be maintained with respect to that portion of the Participant's Elective Account attributable to Employer Elective Contributions and Employer

Elective Account means that portion of a Participant's Account to which Employer contributions funded pursuant to a salary reduction election are credited pursuant to section 4.2.

Elective Account means, for each Participant, the portion of the Participant's Account attributable to Compensation electively deferred by the Participant pursuant to Section 3.1 below.

Elective Account means the account established and maintained for each Participant with respect to his total interest in the Plan and Trust resulting from Employer Elective Contributions and Employer Non-Elective contributions which satisfy the Code Sections 401(k)(2)(B) and (C) Provisions.

Elective Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan and Trust resulting from the Elective Contributions. A separate accounting shall be maintained with respect to that

Elective Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan and Trust resulting from Elective Contributions.