Merger Account definition

Merger Account means each account established pursuant to -------------- Article XIII with respect to contributions to the OMNI Plan or the Breathco Plan on behalf of a Participant prior to the merger of the OMNI Plan and the Breathco Plan with this Plan effective as of the close of business on December 31, 1995 (or as soon thereafter as administratively feasible). For all purposes of the Plan, except as expressly provided in Article XIII to the contrary, the term "Account" as defined in section 1.1 of Article I shall include a Participant's Merger Accounts.
View Source
Merger Account means the account maintained for each Participant that is credited with amounts transferred from a Merged Plan in which that Participant participated prior to its merger into the Plan. The Committee may in its discretion establish sub-accounts of any Merger Account.
View Source
Merger Account means a Participant's balance, if any, transferred from the Profit sharing Plan For Employees of ▇▇▇▇▇▇ SciComm, Inc. or the ▇▇▇▇▇▇ Network Group 401(k) Plan and Trust to the Plan, and such other balances, if any, that the Committee determines shall be transferred from another plan to the Merger Account under this Plan.
View Source

Examples of Merger Account in a sentence

  • The Merging Plan shall transfer and assign directly to the Receiving Plan the "Merger Account" for each participant in the Merging Plan.

  • The Merger Account is defined as the single sum value of the participant's accrued benefit under the Merging Plan determined in accordance with provision of such Plan as of the date of transfer.

  • An AWP Participant who has attained age 59-1/2 and whose Termination Date has not yet occurred may elect to withdraw from his or her Merger Account the amounts attributable to employer discretionary and matching contributions (other than qualified non-elective contributions, if any), provided that the amount being distributed has accumulated for at least two Plan Years in the Participant's AWP Plan Account or Merger Account.

  • The Committee shall maintain or cause to be maintained for each Participant a Cash Deferral Account, a Cash Savings Account, a Profit Sharing Account, a Matching Account, a Rollover Account and a Merger Account.

  • Within a reasonable time after the delivery of the remainder of the funds in the Merger Account in accordance with paragraph 4 hereof, the Paying Agent shall deliver to Parent and Company Representative an accounting which shall consist of a statement of all receipts of and disbursements made from the Merger Account.

  • Payment of amounts attributable to a Participants' Affiliate Plans Merger Account shall be payable as soon as administratively feasible following such Participant's notification of the Plan Administrator of his election to receive payment of that portion of his Account.

  • The Paying Agent shall be responsible for the preparation of any required tax reports related to the Merger Account, and shall provide any necessary tax information to the Company Shareholders.

  • A Chesapeake Participant who has attained age 59-1/2 and whose Termination Date has not yet occurred may elect to withdraw from his or her Merger Account the amounts attributable to pre-tax deferrals and, if applicable, any qualified non-elective contributions.

  • The Merger Account is defined as the single sum value of the participant's accrued benefit under the Merging Plan determined in accordance with the provisions of the Merging Plan as of the date of transfer.

  • The term "Merger Account" means a Participant's balance, if any, transferred from the Profit sharing Plan For Employees of ▇▇▇▇▇▇ SciComm, Inc.


More Definitions of Merger Account

Merger Account means the account described in Section 1.4(a), adjusted as provided in Section 6.4.
View Source