Examples of Payroll Deduction Account in a sentence
No interest shall accrue or be paid on amounts credited to a Payroll Deduction Account.
All regular payroll deductions shall be credited to the Payroll Deduction Account that the Company has established in the name of the Participant.
A Participant may not make any additional payments to the Participant’s Payroll Deduction Account, except as expressly provided in the Plan or as authorized by the Committee.
Except to the extent provided by the Committee, a Participant may not make any separate cash payments into such Participant's Payroll Deduction Account, and payment for Shares purchased under the Plan may not be made in any form other than by payroll deduction.
Upon termination of the Plan, each Participant will receive the balance in the Participant’s Payroll Deduction Account.