Pre-2005 Account definition

Pre-2005 Account means a Participant’s subaccount to which Salary Deferrals and Matching Contributions are credited to the extent they were earned and vested on or before December 31, 2004, and any Credited Earnings with respect to such amounts.

Pre-2005 Account means the vested amount that was credited to the Participant’s Account on December 31, 2004, as adjusted for earnings or losses under Section 5.2.

Pre-2005 Account means a sub-account established within a Participant’s Account pursuant to Section 6.1 to separately record the portion, if any, of a Participant’s Account which is attributable to Eligible Compensation that had been credited to such Account and which was earned and vested as of December 31, 2004, and earnings thereon.

Examples of Pre-2005 Account in a sentence

• In respect of any Participant who had an Account to which deferred Eligible Compensation had been credited in respect of any Plan Year prior to 2005, such Account shall be bifurcated into two sub-accounts: the Pre-2005 Account and the Post-2004 Account.

• The Client agrees that the claim made against the Bank as aforesaid shall be accepted as conclusive proof vis-à-vis the Client.

• Upon termination of employment with the Company and its Subsidiaries, the entire balance of a Participant’s Pre-2005 Account (valued as of the Accounting Date coincident with or immediately preceding the date of payment) shall be paid to the Participant as soon as administratively practicable.

• This reduction is intended to discourage a Participant from modifying his election as to the form or time of commencement of payment within the period set forth in clause (1) above and prevent him from being deemed in constructive receipt of his Pre-2005 Account prior to its actual payment to him.

• As for the Pre-2005 Account, this Agreement may be amended or terminated, in whole or in part, upon the mutual agreement of the Executive and the Trust.

More Definitions of Pre-2005 Account

Pre-2005 Account means a Cash Account or Stock Unit Account containing amounts earned and deferred prior to January 1, 2005.

Pre-2005 Account means the balance in a Participant’s Pre-2005 Deferral Account, Pre-2005 Vested Company Match Account and Pre-2005 Vested Company Match Make-Up Account.

Pre-2005 Account means a subaccount of the Participant’s Account Balance which shall contain all amounts therein that were both credited and fully vested on or before December 31, 2004, plus the investment experience thereon, as credited or debited under Section 3.9 of the Plan.

Pre-2005 Account means a Participant’s account to which deferred Stock units that were earned and vested within the meaning of Code Section 409A and the regulations thereunder prior to 2005 were credited.

Pre-2005 Account means asub-account established within a Participant’s Account pursuant to Section 6.1 to separately record the portion, if any, of a Participant’s Account which is attributable to Eligible Compensation

Pre-2005 Account means that portion of a Participant's Account as of December 31, 2004 that is "earned and vested" (as defined in Section 409A), plus subsequent rates of return on that amount calculated pursuant to Section 4.4.

Pre-2005 Account means the bookkeeping account established by the Corporation to which are credited Bonus Deferrals, and notational earnings and losses thereon, for Bonus Deferrals that were earned and vested, and deferred to the Plan, prior to January 1, 2005.