Definition of Participant Deferral Contribution Account


Participant Deferral Contribution Account means the portion of a Participant’s Deferral Account attributable to Participant Deferral Contributions made by the Participant.

Examples of Participant Deferral Contribution Account in a sentence

Except where the context specifically refers to either a Participant’s Participant Deferral Contribution Account or Employer Contribution Accounts, references in this Plan to a Participant’s “Deferral Account” mean both the Participant Deferral Contribution Account and the Employer Contribution Accounts.
The portion of a Participant’s Base Compensation or Annual Bonus that the Participant elects to defer will be credited to his or her Participant Deferral Contribution Account described in Section 7.1.1 as a Participant Deferral Contribution on the same day or days as each corresponding non-deferred portion of the Participant’s Base Compensation or Annual Bonus is actually payable to the Participant.
Although a Participant Deferral Contribution Account does not represent the Participant’s ownership of, or any ownership interest in, any particular assets, the Participant’s account shall be adjusted in accordance with the Hypothetical Investment(s) chosen by the Participant on his or her (i) Investment Allocation Form or (ii) Investment Re-Allocation Form, subject to the conditions and procedures set forth herein or established by the Committee from time to time.
Such Employer Matching Contributions will be credited to a Participant’s Employer Match Account as of the same day or days that eachcorresponding Participant Deferral Contribution is credited to his or her Participant Deferral Contribution Account pursuant to Section 5.1.
Except where the context specifically refers to either a Participant's Participant Deferral Contribution Account or Employer Contribution Accounts, references in this Plan to a Participant's "Deferral Account" mean both the Participant Deferral Contribution Account and the Employer Contribution Accounts.4.Subaccounts.