Employer Contribution Account definition

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 Contribution Account means a record of employer contributions to

Employer Contribution Account means the book-keeping account documenting total employer contributions made on behalf of the participant under the defined contribution part, or transferred from the defined benefit part under paragraph (b) of section 48(2), plus interest credited in accordance with rules prescribed by regulations;

Examples of Employer Contribution Account in a sentence

• The account established and maintained for each Participant consisting of the Participant's Employer Contribution Account and certain transfers, where no accounting has been maintained with respect to principal and interest on Elective Deferrals or other unknown amounts that are part of the Employee’s 403(b) account.

• Plan Termination: A Participant's interest in his Employer Contribution Account shall become fully vested in the event of termination or partial termination (but only if the partial termination applies to the Participant) of this Plan.

• Termination of Employment: A Participant's Vested Percentage in his Employer Contribution Account shall be determined according to the vesting formula specified in the Adoption Agreement when the Participant terminates his employment.

• The difference between the balance of the Participant's Employer Contribution Account and the Participant's Vested Percentage shall be forfeiture and shall be allocated pursuant to Section 12.15 below.

• The nonforfeitable percentage of each Participant's Employer Contribution Account determined in accordance with the vesting formula specified in the Adoption Agreement.

More Definitions of Employer Contribution Account

Employer Contribution Account means any account maintained for a Participant pursuant to Section 4.3.

Employer Contribution Account means (a) the sum of all of a Participant’s Annual Employer Contribution Amounts, plus (b) amounts credited in accordance with all the applicable crediting provisions of the Plan that relate to the Participant’s Employer Contribution Account, less (c) all distributions made to the Participant or his or her Beneficiary pursuant to the Plan that relate to the Participant’s Employer Contribution Account.

Employer Contribution Account means the Account established for the benefit of the Participant under Article V which consists of any Employer contributions made on behalf of the Participant to the Plan, and the earnings on such amounts.

Employer Contribution Account means an account established and maintained by the administrator or Trustee to receive a Participant’s share of Employer Contributions to the Plan other than matching Employer Contributions provided in Section 3.2(b)(iii)(B) (matching Employer Contributions provided in Section 3.2(b)(iii)(B) are credited to the Participant’s ORP Employer Match Account).

Employer Contribution Account means the portion of a Participant’s Account attributable to Employer Contributions and Earnings thereon.

Employer Contribution Account means that portion of a Participant’s Plan Account which is attributable to contributions made under Section 3.1.

Employer Contribution Account means the sum of the sub-accounts maintained for a Member that are credited with Employer Contributions made on behalf of the Member, along with any earnings or losses.