Definition of Nonelective Matching Contribution Account


Nonelective Matching Contribution Account means: (i) the sum of the Nonelective Matching Contribution amounts, plus (ii) Earnings thereon, less (iii) all distributions made to the Participant or his or her Beneficiary that relate to the Participant’s Nonelective Matching Contribution Account, and tax withholding amounts deducted (if any) from said Account.

Examples of Nonelective Matching Contribution Account in a sentence

The amount of the Corporations Nonelective Matching Contribution credited to the Nonelective Matching Contribution Account for each Plan Year, if any, shall be at the sole discretion of the Committee.
For each Plan Year during which the Plan is in effect, subject to the Committee’s discretion pursuant to Section 4.2, the Corporation shall make Nonelective Matching Contributions on each Participant’s Deferred Amounts to the Nonelective Matching Contribution Account for each Plan Year pursuant to Section 4.2.