Post-2004 Investment Account means an account established and maintained for a Participant as a record of the Participant's hypothetical investments in available investment options with respect to amounts credited to a Participant's Investment Account pursuant to Section 7.2 after December 31, 2004, other than earnings or losses with respect to the Participant's Pre-2005 Investment Account.(y)
Examples of Post-2004 Investment Account in a sentence
A Pre-2005 Company Stock Account, a Post-2004 Company Stock Account, or Pre-2005 Investment Account and a Post-2004 Investment Account shall be established and maintained for each Participant.
With respect to any payments from the Plan subject to the provisions of Section 409A(a)(2)(B)(i) of the Code, distribution of the amounts attributable to a Participant's Post-2004 Company Stock Account and Post-2004 Investment Account shall be paid as promptly as practicable following the date that is six months following the Distributable Event giving rise to such payment.
Except for payments on account of a participant's Disability or death, any such change in payment option for the Participant's Post-2004 Company Stock Account and Post-2004 Investment Account must defer such payment for a period of not less than five years from the date such payment would otherwise have been paid or commenced.
As of January 1, 2008, a Participant may change payment options with respect to the Participant's Post-2004 Company Stock Account and Post-2004 Investment Account by electing another payment option available under the Plan on a subsequent Deferral Election Form, but such change in payment option shall not be effective until twelve months following the date on which such change is made.
Participants were allowed to change payment options with respect to the Participant's Post-2004 Company Stock Account and Post-2004 Investment Account as provided in the transition relief afforded under IRS Notice 2005-1 and Proposed Treasury Regulations issued pursuant to Section 409A of the Code.