Definition of Post-Tax Contribution Account


Post-Tax Contribution Account means that portion of the Participants Account which is attributable to the Participants Post-Tax Contributions and earnings thereon; and

Examples of Post-Tax Contribution Account in a sentence

An individual account for each Participant which is credited with the balance, if any, of such Participants Prior Employee (Post-Tax) Contribution Account under the NGC Plan as of December 31, 1997, and which is credited with (or debited for) such accounts allocation of net income (or net loss) and changes in value of the trust fund of said Plan and this Plan.
Subject to the provisions of Article XII and Section 7.10, a Participant may at any time withdraw the amounts credited to his (i) Rollover Account, (ii) Roth Rollover Account and/or (iii) Post-Tax Contribution Account as selected by the Participant.
In the event of a withdrawal by a Participant from his Post-Tax Contribution Account, the Participant shall be suspended from making any Pre-Tax Contributions and any Post-Tax Contributions for a period of three (3) months.
The Plan Administrator shall establish on its books for each Participant, if applicable, a Pre-Tax Contribution Account, a Roth Contribution Account, a Matching Contribution Account, a Company Annual Contribution Account, a Post-Tax Contribution Account, a Basic Contribution Account, a Rollover Account, a Roth Rollover Account and such other Accounts or subaccounts as determined by the Plan Administrator.
There shall be an ESOP Subaccount and a Non-ESOP Subaccount within the Post-Tax Contribution Account.