Participant Contribution Account definition

Participant Contribution Account means an account established and maintained by the administrator or Trustee to receive Participant Contributions to the Plan.

Participant Contribution Account means the Account established for the benefit of the Participant under Article V which consists of any Participant contributions to the Plan, including salary reduction contributions, voluntary after-tax contributions, rollover contributions, and the earnings on such amounts.

Participant Contribution Account means a Plan account maintained on behalf of a Participant who defers Eligible Compensation under this Plan.

Examples of Participant Contribution Account in a sentence

• Excess Aggregate Contributions shall be forfeited if forfeitable, or distributed on a pro-rata basis from the Participant's Participant Contribution Account, Employer Matching Account, and Qualified Matching Account (and, if applicable, the Participant's Qualified Nonelective Account or Elective Deferral Account, or both).

• A Participant's Participant Contribution Account and Rollover Account shall be fully vested at all times.

• A Participant is always 100% vested in his or her Participant Contribution Account.

• No Forfeiture will occur solely as a result of an Employee's withdrawal from a Participant Contribution Account.

• Subject to the requirements of Article 10, a Participant may upon written notice (or in such other manner as shall be made available and agreed upon by the Employer and Putnam) to the Employer withdraw any amount from his Participant Contribution Account.

More Definitions of Participant Contribution Account

Participant Contribution Account means the account maintained for a Participant to which are credited the Participant Contributions made by such Participant, plus earnings and net of any withdrawals or losses.

Participant Contribution Account means an account maintained on the books of the Plan, in which are recorded Participant Contributions by a Participant and any income, expenses, gains or losses incurred thereon.

Participant Contribution Account means the account maintained for a Participant to record the Participant Contributions and the hypothetical gains and /or losses credited thereon under Article V.

Participant Contribution Account means the book-keeping account documenting total participant contributions made by a participant under the Plan plus the interest credited in accordance with rules prescribed by regulations;

Participant Contribution Account means an account(s) established to receive contributions made by a Participant, or made by the Company on the Participant’s behalf, under the After-Tax and/or Before-Tax Options, and to which loan repayments and earnings on amounts held in the respective accounts are allocated. A Participant Contribution Account is established in one or more of the Investment Funds at the election of the Participant. Where the Participant Contribution Account is established in the CEG Common Stock Fund, shares of Common Stock are allocated to the account. The Common Stock allocated to the account is purchased by the Trustee with cash contributions and with dividends received on shares of Common Stock already in such account. Where a Participant Contribution Account is established in one of the other Investment Funds, cash contributions and earnings on amounts already in the Participant Contribution Account, are allocated to the Account. A Participant Contribution Account is also comprised of allocations of any cash contributed during a Payroll Period by the Participant, or by the Company on the Participant’s behalf, but not yet transferred to the Trustee.

Participant Contribution Account means the account maintained by the Administrator for each Participant to which shall be credited the contributions made under Section 3.03.‌

Participant Contribution Account means the account established for each Participant to which contributions described in Section 4.1 are credited.