Matching Contribution Account definition

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

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Matching Contribution Account means that portion of a Participant’s Account established to record Matching Contributions on behalf of a Participant. Matching Contributions shall be deemed to be invested in the Company stock, and a Participant shall not be permitted to elect a different Deemed Crediting Option for such Matching Contributions.

Matching Contribution Account means the Account maintained to record the Matching Contributions calculated in accordance with Section 4.2 (Matching Contributions) on behalf of a Participant, as adjusted to reflect the rate of return on the hypothetical Investment Funds selected by the Participant in accordance with Section 6.4 (Investment Direction) and other credits or charges in accordance with this Plan. A Participant’s Matching Contribution Account shall be divided into subaccounts as determined by the EDCP Committee.

Examples of Matching Contribution Account in a sentence

• Forfeitures of Matching Contributions will be allocated to the Matching Contribution Account in the ratio that the Matching Contribution for each Participant bears to the sum of all the Matching Contributions for all Participants.

• Matching Contributions shall be allocated to each eligible Participant's Employer Matching Contribution Account.

• Any balance in the Regular Account, Employer Discretionary Contribution Account or in the Employer Matching Contribution Account, if any, of a Participant who is separated from service, to which he is not entitled under the foregoing provisions, shall be forfeited and applied as provided in Sections 3.2 and 4.2 of this Plan, and Section X(E) of the Dreyfus Standardized/Paired Prototype Target Benefit Plan and Trust Adoption Agreement.

• Except in the case of Plans subject to full and immediate vesting, a Participant's vested amount shall be calculated by multiplying his Regular Account balance, Employer Discretionary Contribution Account balance, and Employer Matching Contribution Account balance, if any, as determined on the Valuation Date following his termination of employment by his vested interest as determined under Section 7.

• If elected by the Employer in the Adoption Agreement, distributions may be made from a Participant's Elective Deferral, Qualified Nonelective Contribution Account, vested portion of the Participant's Employer Discretionary Contribution Account, or the vested portion of the Employer Matching Contribution Account on account of financial hardship if the distribution is necessary in light of the immediate and heavy financial needs of the Participant.

More Definitions of Matching Contribution Account

Matching Contribution Account means an Account maintained pursuant to Subparagraph 8.01(b).

Matching Contribution Account means a bookkeeping account established by the Employer for each Participant to which Matching Contributions shall be credited.

Matching Contribution Account means the portion of the Member’s Account attributable to Matching Contributions allocated to such Member.

Matching Contribution Account means the bookkeeping account maintained for each Participant covered under this Appendix A to record the Excess Matching Contribution (as defined under the ITT Industries Excess Savings Plan) credited on such Participant’s behalf due to his deferral of Base Salary under this Plan.

Matching Contribution Account means the Account maintained by the Plan Administrator for each Participant which is to be credited with the Matching Contributions allocated to the Participant and adjustments related thereto.

Matching Contribution Account means that portion of a Participant’s Account established to record Matching Contributions on behalf of a Participant.

Matching Contribution Account means a record-keeping account established for the benefit of a Participant in which is credited Matching Contributions.