Nonelective Contribution Account definition

Nonelective Contribution Account means the separate account established and maintained by the Administrator for each Participant with respect to the Participant's total interest in the Plan resulting from Nonelective Contributions.

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

Nonelective Contribution Account means an account established pursuant to paragraph (b) of Article VI with respect to Employer nonelective contributions made pursuant to Article V.

Examples of Nonelective Contribution Account in a sentence

• The balance in each Participant's Elective Deferral Account, Qualified Matching Contribution Account and Qualified Nonelective Contribution Account shall be fully Vested at all times and, except as otherwise provided herein, shall not be subject to Forfeiture for any reason.

• Notwithstanding the above, distributions from the Participant's Elective Deferral Account, Qualified Matching Contribution Account and Qualified Nonelective Contribution Account pursuant to this Section shall be limited solely to the Participant's Elective Deferrals and any income attributable thereto credited to the Participant's Elective Deferral Account as of December 31, 1988.

• Such Qualified Nonelective Contribution shall be allocated to the Qualified Nonelective Contribution Account.

• With respect to the Employer Qualified Nonelective Contribution made pursuant to Section 12.1(a)(4), to each Participant's Qualified Nonelective Contribution Account in the same ratio as each Participant's Compensation bears to the total of such Compensation of all Participants.

• Excess Contributions shall be distributed from the Participant's Qualified Nonelective Contribution Account only to the extent that such Excess Contributions exceed the Participant's account balance attributable to Elective Deferrals and Qualified Matching Contributions.

More Definitions of Nonelective Contribution Account

Nonelective Contribution Account means the account maintained for a Participant which is credited with Qualified Nonelective Contributions or Qualified Matching Contributions made on behalf of a Participant.

Nonelective Contribution Account means the account to which the Company’s Nonelective Contributions allocated to a Participant are credited pursuant to Section 8.1.

Nonelective Contribution Account which shall reflect contributions by the Plan Sponsor made on behalf of a Participant pursuant to Section 3.2.

Nonelective Contribution Account means the separate account established and maintained by the Administrator for each Participant with respect to the Participant’s total interest in the Plan resulting from Nonelective Contributions and the amounts transferred as of January 1, 1997 from the Participant’s former Flexible Benefit Account.

Nonelective Contribution Account means the subaccount maintained to record any Nonelective Contributions made on behalf of the Participant pursuant to Sections 4.2 and 5.3, and any adjustments relating thereto.

Nonelective Contribution Account means the account maintained to reflect the accrued benefit of the Participant attributable to his share of Nonelective Contributions. This account shall also reflect the Participant’s “Discretionary Account” balance (if any) transferred from the Kirschner Medical Corporation 401(k) Savings and Retirement Plan effective as of December 31, 1994.

Nonelective Contribution Account means a subaccount of each Participant's Section 401(k) Account which reflects contributions on behalf of such Participant under Sections 3.1(b) and (c) (which shall be separately accounted for within this Account) and Section 3.10 (in the case of a Safe Harbor 401(k) Plan) and any forfeitures allocated thereto, as adjusted in accordance with Article 5.