Grandfathered Withdrawal Account definition

Grandfathered Withdrawal Account means any one of the accounts so designated and provided for in Section 6.01.
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Grandfathered Withdrawal Account means any one of the accounts so designated and provided for in Section 6.01. (jj) “Highly Compensated Employee” means for a Plan Year any employee who:
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Examples of Grandfathered Withdrawal Account in a sentence

  • The minimum amount that may be withdrawn for any in-service withdrawal (except a hardship withdrawal) is $1,000 or the total remaining balance in the Participating Grandfathered Withdrawal Account and Grandfathered After-Tax Account, whichever is less.

  • Subject to the limitations set forth in Section 9.03(b), in addition to any other withdrawals described in this Article IX, a Participant may elect to withdraw all or any part of the Account Balances in his Grandfathered Withdrawal Account or Grandfathered After-Tax Account.

  • Whenever all or any part of the Account Balances in a Participant's Grandfathered Withdrawal Account or Grandfathered After-Tax Account is withdrawn pursuant to this Section 9.03, amounts allocated therein to the Investment Funds will be reduced on a pro rata basis.

  • A Grandfathered Withdrawal Account will be maintained for each Participant (1) on whose behalf a Withdrawal Account was maintained under the Profit-Sharing Plan of American Brands, Inc.

  • Each Participant who is an Employee of a Beam Participating Employer will at all times be 100% vested in his Withdrawal Balance of any Grandfathered Withdrawal Account and will be vested in any remaining balance of his Grandfathered Withdrawal Account in the same manner that his Profit-Sharing Account vests in accordance with Section 7.01(b).

  • A Participant will at all times be 100% vested in his Tax Deferred Account, Rollover Account, Grandfathered After-Tax Account, employee contributions and earnings thereon in his Grandfathered Withdrawal Account and After-Tax Account.

  • Each Participant who is an Employee of Fortune, an Acushnet Participating Employee or a Beam Participating Employer will at all times be 100% vested in his Grandfathered Withdrawal Account.

  • The respondents represented different types of organisations (see Table 2).

  • Laurent, Convergence analysis of a Lasserre hierarchy of upper bounds for polynomial minimization on the sphere, arXiv:1904.08828.[7] E.

  • Whenever all or any part of the Account Balances in a Participant’s Grandfathered Withdrawal Account or Grandfathered After-Tax Account is withdrawn pursuant to this Section 9.03, amounts allocated therein to the Investment Funds will be reduced on a pro rata basis.

Related to Grandfathered Withdrawal Account

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Qualified withdrawal means a withdrawal from an account to pay the qualified disability expenses of the designated beneficiary of the account.

  • 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

  • Grandfathered Amounts means, if applicable, the amounts that were deferred under the Plan and were earned and vested within the meaning of Section 409A of the Code and regulations thereunder as of December 31, 2004. Grandfathered Amounts shall be subject to the terms designated in the Adoption Agreement.

  • Nonqualified withdrawal means a withdrawal from an account that is not:

  • Cash Withdrawal means a disbursement of funds in any currency from any Account out of the balance in your favour (whether or not in the form of cash) made or obtained through or in connection with any Citibank ATM/ Debit Card.

  • Participant’s Account means an account maintained for each Participant’s participation in DSUs and/or RSUs under the Plan;

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Grandfathered Percentage means, with respect to any Grandfathered Person, the percentage of the outstanding shares of Common Stock of the Company that such Grandfathered Person, together with all Affiliates and Associates of such Grandfathered Person, Beneficially Owns as of the Grandfathered Time, plus an additional 1/2%; provided, however, that, in the event any Grandfathered Person shall sell, transfer, or otherwise dispose of any outstanding shares of Common Stock of the Company after the Grandfathered Time, the Grandfathered Percentage shall, subsequent to such sale, transfer or disposition, mean, with respect to such Grandfathered Person, the lesser of (i) the Grandfathered Percentage as in effect immediately prior to such sale, transfer or disposition or (ii) the percentage of outstanding shares of Common Stock of the Company that such Grandfathered Person Beneficially Owns immediately following such sale, transfer or disposition, plus an additional 1/2%.

  • 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.

  • Account Balance means, with respect to a Participant, an entry on the records of the Employer equal to the sum of (i) the Deferral Account balance, (ii) the Company Contribution Account balance, and (iii) the Company Restoration Matching Account balance. The Account Balance shall be a bookkeeping entry only and shall be utilized solely as a device for the measurement and determination of the amounts to be paid to a Participant, or his or her designated Beneficiary, pursuant to this Plan.

  • 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.

  • Share Account means the brokerage account established by the Agent for each Participant to which shares of Common Stock purchased under the Plan are credited in accordance with Section 9. The Share Account will be established pursuant to a separate agreement between each Participant and the Agent.

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • 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.

  • Individual Account Means the account established and maintained under this Plan for each Participant in accordance with Section 4.01.

  • 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.

  • Regular account means the account established for each active and inactive member un-

  • 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.

  • Grandfathered Service means service which is no longer available for new customers and is limited to the current customer at their current locations with certain provisioning limitations, including but not limited to upgrade denials, feature adds/changes and responsible/billing party.

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • 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.

  • 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.

  • 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.