Examples of Employer Matching Contributions Account in a sentence
If a Participant is not already fully vested in his Regular Account, Employer Discretionary Contribution Account, and Employer Matching Contributions Account, he shall become so upon reaching Normal Retirement Age or Early Retirement Age, or upon his death or Total and Permanent Disability.
Notwithstanding the foregoing, a Member's interest in his or her Employer Matching Contributions Account shall be fully vested (a) on the date of termination of employment by reason of death, Retirement or Total and Permanent Disability, (b) when and if this Plan shall at any time be terminated for any reason, (c) upon the complete discontinuance of contributions by the Employer hereunder, or (d) upon partial termination of this Plan if such Member is a member affected by such partial termination.
For each Member the Committee shall, where applicable, cause a separate Compensation Deferral Contributions Account, an Employer Matching Contributions Account, a Rollover Contribution Account and a Prior Plan Account to be maintained.
Upon attaining age fifty-nine and one-half (59-1/2), a Participant may elect to withdraw all or any portion of his Elective Deferrals Account and/or Employer Matching Contributions Account, as of the last day of any month, even if he is still employed.
A Member's interest in the Member's Employer Matching Contributions Account shall become 100% vested after completion of at least five years of service provided, however, that (a) Employer Matching Contributions to accounts of Highly Compensated Employees shall not be deemed to vest until the Deferral Percentage and Contributions Percentage limitations set forth in Article IV have been satisfied and (b) nothing herein shall delay vesting pursuant to the provisions of a Prior Plan.