Fixed Contribution Account definition

Fixed Contribution Account means the separate account established by the Committee for recordkeeping purposes only to track Fixed Contribution Credits in the name of each Participant in accordance with Section 5.2 of the Plan.
Fixed Contribution Account means an Account established and maintained by the Administrative Committee or Trustee to hold a Participant’s fixed contributions (formerly known as guaranteed contributions) made pursuant to Section 5.1(c) and any gains or losses of the Trust (other than Dividends) attributable thereto.

Examples of Fixed Contribution Account in a sentence

  • The Company shall credit the Fixed Contribution Account with credits in an amount equal to three and one-half percent (3.5%) of Compensation.

  • FORFEITURES A forfeiture is that portion of a terminated Participant's Fixed Contribution Account, if applicable, which is forfeited pursuant to Sections 3.05(a) or 3.07 of the Plan.

  • The Employer’s fixed contribution on behalf of a Participant for a payroll period shall be allocated to such Participant’s Fixed Contribution Account.

  • Such contributions shall be credited to the Fixed Contribution Account of each Participant on whose behalf the contributions are made.

  • Amounts credited to a Participant’s Retirement Account in the Centerpulse Plan are credited to the Participant’s Fixed Contribution Account in the Plan.

  • The Plan Administrator shall establish and maintain for each Participant a Before-Tax Contribution Account, an After-Tax Contribution Account, a Rollover Contribution Account, a Matching Contribution Account, if applicable, an Employer Fixed Contribution Account, if applicable, and a Roth Contribution Account.

  • Fixed Contribution Account means the means the amounts credited to a Participant's Fixed Contribution Account in accordance with Section 4.4 of the Plan.

  • Notwithstanding any provision herein to the contrary, a Participant employed as an Eligible Employee at the Employer’s Crete, Nebraska facility on October 31, 2006 and/or as an Eligible Employee at the Employer’s Cairo, Illinois facility on September 1, 2018 shall be 100% vested in his or her Matching Contribution Account and/or Employer Fixed Contribution Account, if any.

  • The term "ACCOUNTS" shall mean, if applicable, a Participant's Employee Pre-Tax Contribution Account, Employee After-Tax Contribution Account, Employer Matching Contribution Account, Employer Discretionary Contribution Account, Employer Fixed Contribution Account, Employer Transition Contribution Account, Employer Qualified Non-Elective Contribution Account and his Rollover Account.

  • In the case of a Participant who has incurred five (5) consecutive Breaks in Service, his Years of Service, if any, after such Breaks in Service shall not be taken into account for purposes of determining said Participant's Vested Interest in Company Contributions allocated to his Company Fixed Contribution Account, Matching Contribution Account, and Discretionary Contribution Account before such Breaks in Service.

Related to Fixed Contribution Account

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.

  • Upper-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Upper-Tier REMIC.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Series Distribution Account shall have the meaning specified in Section 8.

  • Income Account Distribution Date means the "Distribution Dates" set forth in the "Essential Information" in the Prospectus.

  • Lower-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Lower-Tier REMIC.

  • 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.

  • Contribution Percentage Amounts means the sum of the Employee Contributions, Matching Contributions, and Qualified Matching Contributions (to the extent not taken into account for purposes of the ADP test) made under the Plan on behalf of the participant for the Plan Year. Such Contribution Percentage Amounts shall not include Matching Contributions that are forfeited either to correct Excess Aggregate Contributions or because the contributions to which they relate are Excess Deferrals, Excess Contributions, or Excess Aggregate Contributions. If so elected in the adoption agreement the Employer may include Qualified Nonelective Contributions in the Contribution Percentage Amounts. The Employer also may elect to use Elective Deferrals in the Contribution Percentage Amounts so long as the ADP test is met before the Elective Deferrals are used in the ACP test and continues to be met following the exclusion of those Elective Deferrals that are used to meet the ACP test.

  • Contribution Date has the meaning set forth in Section 4.3 hereof.

  • Principal Funding Account Balance means, with respect to any date of determination, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • 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.

  • Specified Reserve Account Balance means, for any Payment Date, an amount equal to 1.00% of the Pool Balance as of the Cut-Off Date; provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the Notes, the “Specified Reserve Account Balance” shall be $0.

  • Company Contribution Amount means, for any one Plan Year, the amount determined in accordance with Section 3.5.

  • Contribution Period means a period in respect of which contributions appropriate to the benefit in question are payable, have been paid or treated as paid under the legislation in question;

  • Interest Collection Account A sub-account of the Collection Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the Lien of the Collateral Agent for the benefit of the Secured Parties.