Definition of Pre-2005 Deferral Account

  1. Pre-2005 Deferral Account means the nonforfeitable value of a Participant's Deferral Account on December 31, 2004, together with the Investment Gain or Loss attributable to such Account thereafter. A Participant's Account is nonforfeitable to the extent that the Participant is not required to perform future services to be entitled to payment.

Examples of Pre-2005 Deferral Account in a sentence

  1. (a) A Participant shall at all times be one hundred percent (100%) vested in his or her Pre-2005 Deferral Account, Post-2004 Voluntary Deferral Account and Post-2004 Mandatory Deferral Account.

Definition of Pre-2005 Deferral Account in Director Deferred Fee Agreement

Pre-2005 Deferral Account means the separate account established and maintained for the Director who, immediately prior to the Effective Date, had amounts deferred under his Deferral Account (as defined under this Agreement prior to the Effective Date). The Directors Pre-2005 Deferral Account shall be credited or debited with, to the extent not inconsistent with Code Section 409A: (a) amounts equal to the Directors accumulated Deferrals which were deferred under the Agreement prior to January 1, 2005; and (b) accrued interest.


Definition of Pre-2005 Deferral Account in Deferred Compensation Plan

Pre-2005 Deferral Account means the nonforfeitable value of a Participant's Deferral Account on December 31, 2004, together with the Investment Gain or Loss attributable to such Account thereafter. A Participant's Account is nonforfeitable to the extent that the Participant is not required to perform future services to be entitled to payment.