Definition of Pre-AJCA Ex-CAP Account


Pre-AJCA Ex-CAP Account means the portion of any Ex-CAP Account (as defined in Section A-1) of a Participant who terminated employment with the Company and Affiliates before January 1, 2005 that constitutes amounts deferred (within the meaning of section 885(d) of Code and the AJCA) before January 1, 2005. No Participant shall have a Pre-AJCA Account unless he terminated employment with the Company and Affiliates before January 1, 2005.

Examples of Pre-AJCA Ex-CAP Account in a sentence

Hardship withdrawals and post-death payment of any Pre-AJCA Ex-CAP Account shall be governed by Sections C-3 and C-4.
Any such distribution shall be charged to the Participants Pre-AJCA Ex-CAP Account from which it was distributed as of the Ex-CAP Accounting Date coincident with or next following the date of distribution.