Definition of Post-2004 Account Balance


Post-2004 Account Balance means the Deferrals credited to a Participants Account for Plan Years beginning on or after January 1, 2005, and earnings thereon.
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Examples of Post-2004 Account Balance in a sentence

A Participant shall not be permitted to receive an Unscheduled Distribution with respect to any portion of his or her Post-2004 Account Balance.
Post-2004 Account Balance that portion of a Participants Account attributable to amounts credited as of a date after December 31, 2004, as adjusted for earnings and losses.
Notwithstanding Sections 3.3 and 6.1, in the event of a Participants death or Disability, payment of any remaining portion of the Participants Post-2004 Account Balance will be made to the Participant or Beneficiary in a single lump sum on the last day of the calendar quarter in which occurs the Participants death or a determination of the Participants Disability.
A Participants Post-2004 Account Balance may not be paid due to financial hardship.
Notwithstanding Sections 6.1 and 6.4, the Committee may delay payment of any portion of a Participants Post-2004 Account Balance by reason of any event or condition permitted under Code Section 409A, including, to the extent permissible, delays relating to (i) nondeductible Compensation payments under Code Section 162(m), (ii) violations of loan agreements and (iii) violations of federal securities law and other applicable law.