Employee Deferral Account definition

Employee Deferral Account means an Account maintained on the books of the Company or its designee to record the Employee Deferrals and Notional Earnings thereon of a Participant. An Employee Deferral Account may have such subaccounts as the Committee determines to be necessary or convenient.

Employee Deferral Account means the account which is maintained for each Participant to record (i) the Participant’s Deferral Contributions, minus any withdrawals and (ii) his or her share of the net income, or net losses, resulting from the investment in the Employee Deferral Account.

Employee Deferral Account which shall reflect credits to a ------------------------- Member's Account made on his or her behalf pursuant to Section 3.1, as adjusted to reflect other credits or charges.

Examples of Employee Deferral Account in a sentence

• Eligible participants may elect to defer a percentage of their compensation to be contributed to their Employee Deferral Account.

• Excess Contributions shall be distributed from the Participant's Qualified Non-Elective Contribution Account only to the extent that such Excess Contributions exceed the balance of the Participant's Employee Deferral Account and Qualified Matching Contributions Account.

• Excess Aggregate Contributions shall be forfeited, if forfeitable, or distributed on a pro rata basis from the Participant's After-Tax Employee Contribution Account, Matching Contribution Account, and Qualified Matching Contribution Account (and, if applicable, the Participant's Qualified Non-Elective Contribution Account or Employee Deferral Account, or both).

• The Benefit Commencement Date for any subdivision of the Employer Matching Deferral Account related to a Plan Year shall be the same as that provided for or elected under the Plan for the subdivision of a Participant’s Employee Deferral Account related to the same Plan Year.

• All amounts in your Employee Deferral Account (including investment earnings) are exempt from federal income taxes while held in the Plan.

More Definitions of Employee Deferral Account

Employee Deferral Account. A Participant's "Employee Deferral Account" means such account as defined in Section 4.5 of the Plan.

Employee Deferral Account which shall reflect a Member's ------------------------- interest in contributions made by a Plan Sponsor under Plan Section 3.1.

Employee Deferral Account means the separate subaccount into which shall be credited the Deferral Contributions made on a Participant’s behalf and earnings on those contributions.

Employee Deferral Account means the separate account, if applicable, established on behalf of a Participant to reflect voluntary deferral contributions credited on his or her behalf. A separate Employee Deferral Account shall be established for each Plan Year beginning and after January 1, 2016.

Employee Deferral Account means any accounts maintained under the Plan for a Participant pursuant to Section 3.2.

Employee Deferral Account means the account which is maintained for each

Employee Deferral Account which shall reflect a Participant's interest in contributions made by a Plan Sponsor under Plan Section 3. 1.