Elective Contributions Account definition

Elective Contributions Account means an account established pursuant to section 6.2 with respect to contributions made to this Plan under salary reduction agreements pursuant to section 5.1. A Participant’s Elective Contributions Account shall include Additional Elective Deferral Contributions made to this Plan pursuant to section 5.2. In addition, a Participant’s Elective Contributions Account shall include amounts previously credited
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Elective Contributions Account means the Account of a Participant to which are credited any Elective Contributions allocated to the Participant each Plan Year under Section 3.1(b) of this Plan.
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Elective Contributions Account means the Account established for a Member to which Matched Elective Contributions, Unmatched Elective Contributions, and earnings thereon are credited.
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Examples of Elective Contributions Account in a sentence

  • Successful completion of projects of comparable scope for a period of not less than three (3) years.

  • To the extent the contributions hereunder otherwise allocable to an Employee’s Elective Contributions Account exceed the limitation in subsection (a) above, the contributions with respect to the Employee shall be reduced by the amount necessary to comply with that subsection and shall be returned to him in accordance with Revenue Procedure 2013-12, or a successor to it.

  • Each Participant shall at all times and in all events be fully vested in his Elective Contributions Account, the Elective Contributions received by the Fund on his behalf, his Accumulated 401(k) Share and any other amount accrued in the Fund on his behalf.

  • Loan repayments shall be applied to the Participant’s Accumulated 401(k) Share in the following order: 1) After-tax Contributions Account; 2) Rollover Contributions Account, 3) Matching Contributions Account; 4) Designated Roth Contributions Account; and 5) Elective Contributions Account and shall be invested in accordance with the Participant’s investment options then in effect.

  • A Participant may borrow from his Elective Contributions Account, Designated Roth Contributions Account, Matching Contribution Account (to the extent vested therein), Rollover Contributions Account and After-tax Contributions Account.

  • The effectiveness of SEND provision will be measured using both qualitative and quantitative data.

  • The term “Accumulated 401(k) Share” means the combined vested account balances (including gains or losses) as of a specific Valuation Date of the Participant’s Elective Contributions Account, Matching Contributions Account, Rollover Contributions Account, After-tax Contributions Account and Designated Roth Contributions Account.

  • Such Qualified Reservist Distribution must be (a) taken only from the Participant’s Elective Contributions Account, and (b) paid by the Plan during the period beginning on the period beginning on the date of such order or call, and ending at the close of the active duty period.

  • The Working Group approved textual amendments proposed by the Secretary in paragraph 65 of the operational rules.• Guidance on how to meet the requirement of a contribution to project cost on the part of the beneficiary (e.g. in-kind contributions).

  • In the event of Hardship (as hereinafter defined), a Participant shall have the right to withdraw up to the amount of the Hardship, all or a part of his Elective Contributions Account (including his Designated Roth Contributions Account) including earnings thereon, but not in excess of the actual contributions on his behalf to such Elective Contributions Account and earnings thereon determined as of the date of distribution, upon twenty-one (21) days prior written notice to the Plan Office.


More Definitions of Elective Contributions Account

Elective Contributions Account means the account to which Elective Contributions are allocated. In the case of a Participant who had an account balance under the Thermo Ecotek Affiliates Retirement Savings Plan (hereinafter the "Thermo Plan") as of the date it merged into this Plan, such Participant's "Elective Contributions Account" shall include amounts, if any, allocated to the Participant's "Code Section 401(k) compensation reductions amounts" account under the Thermo Plan (as defined in Section 6.2 of the Thermo Plan as in effect on January 31, 2002)."
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Elective Contributions Account means the bookkeeping account under the 401(k) Plan to which are credited a Participant’s elective contributions, including designated Roth contributions, under a qualified cash or deferred arrangement, as defined in Treas. Reg. § 1.40l(k)-l(a)(4)(i).
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Elective Contributions Account means the subaccount of the participant that is credited with elective contributions as provided in Section 2.1.
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Elective Contributions Account means an account established pursuant to section 6.2 with respect to Elective Contributions made to this Plan under salary reduction arrangements pursuant to section 5.1(a).
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Elective Contributions Account means an account established pursuant to section 7.2 with respect to contributions made to this Plan under salary reduction arrangements pursuant to section 6.1. A Participant's Elective Contributions Account shall include amounts previously credited to the "Participant's Elective Account" in this Plan under the terms of this Plan as in effect immediately before this Amendment and Restatement.
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Elective Contributions Account means the account established to record Elective Contributions authorized by Participants under the terms of this Plan.
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Related to Elective Contributions Account

  • Elective Contribution means the Employer's contributions to the Plan of Deferred Compensation excluding any such amounts distributed as excess "annual additions" pursuant to Section 4.10(a). In addition, any Employer Qualified Non-Elective Contribution made pursuant to Section 4.6 shall be considered an Elective Contribution for purposes of the Plan. Any such contributions deemed to be Elective Contributions shall be subject to the requirements of Sections 4.2(b) and 4.2(c) and shall further be required to satisfy the discrimination requirements of Regulation 1.401(k)-1(b)(5), the provisions of which are specifically incorporated herein by reference.

  • 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.

  • Nonelective Contribution means an amount contributed by a participating

  • Qualified Nonelective Contributions means contributions of the Plan Sponsor or an Affiliate, other than Matching Contributions or Elective Deferrals, which are 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 Code Section 401(k)(2)(B) and the regulations thereunder.

  • 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.

  • 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 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.

  • 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.

  • 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

  • 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).

  • 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.

  • Non-Elective Contribution means the Employer contributions to the Plan excluding, however, contributions made pursuant to the Participant's deferral election provided for in Section 4.2 and any Qualified Non-Elective Contribution used in the "Actual Deferral Percentage" tests.

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

  • Qualified Nonelective Contribution (QNEC) means the Employer's contributions to the Plan that are made pursuant to Sections 12.1(a)(4), 12.5 and 12.7 or pursuant to any other Plan provision which provides for such contributions.

  • 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.

  • 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.

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

  • 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.

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

  • 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.

  • 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.

  • 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.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • 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.