Prior Plan Employer Contribution Account definition

Prior Plan Employer Contribution Account means an account to record employer contributions transferred from other tax-qualified plans which were merged into this Plan.

Prior Plan Employer Contribution Account means the separate portion of a Participant’s Account which reflects: (a) the Employer’s contributions for Plan Years before 1997 of that portion of each Participant’s “Profit Sharing Allocation” which exceeded his “Elective Percentage” (as those terms were defined in the Old Plan) and forfeitures allocated thereto; and (b) for a Participant who was a participant in a Predecessor Plan, amounts which transferred or merged into this subaccount from a Predecessor Plan; all as adjusted in accordance with Article 7.

Prior Plan Employer Contribution Account means an account to record employer contributions transferred from other tax-qualified plans which were merged into this Plan, including Employer matching contributions transferred from the Honeywell Savings and Stock Ownership Plan that were not invested in Honeywell Common Stock, and earnings or losses that accrue on such contributions.

Examples of Prior Plan Employer Contribution Account in a sentence

• This Section shall only apply to a Participant who has a Prior Plan Employer Contribution Account and/or a Prior Plan Salary Redirection Account that was transferred as a result of a plan merger from a plan that provided for an annuity form of distribution.

• He had not realized that Mother Sophia could “burn” a copy so that the two could work together on this project in different locations.] • Olga Jurgens and Denis Lessard reported that Paul Ladouceur is busy with the project of translating the Bishop’s book on Holy Communion into French, and that Paul would speak to the Council about this the next day.

• The Employer may, as of the end of any calendar quarter, make a Qualified Nonelective Contribution to the Trust Fund on behalf of any Participant with a Prior Plan Employer Contribution Account or Prior Plan Salary Redirection Account in an amount equal to the surrender charges assessed by the insurer which held the assets in those accounts in the plan which was merged into this Plan.

• Such Individual Account is comprised of the following accounts: a Profit Sharing Contribution Account, a Salary Redirection Account, a Matching Contribution Account, a Prior Plan Salary Redirection Account, if applicable, and a Prior Plan Employer Contribution Account, if applicable.

• Except as otherwise provided in this Subsection, unless an optional form of benefit has been selected within the election period pursuant to a qualified election, if a Participant dies before benefits have commenced, then the Participant's vested Prior Plan Employer Contribution Account and Prior Plan Salary Redirection Account shall be applied toward the purchase of an annuity for the life of the surviving spouse.

• Any amounts remaining in a Participant’s Enterprise ESOP Account are now reflected in his Prior Plan Employer Contribution Account.

• Any amounts remaining in a Participant’s WLC Employer Matching Account are now reflected in his Prior Plan Employer Contribution Account in this Plan.

• Any amounts remaining in a Participant’s Boone State Account are now reflected in his Prior Plan Employer Contribution Account.

• Any amounts remaining in a Participant’s FNB Qualified Matching Account are now reflected in his Prior Plan Employer Contribution Account in this Plan.

• Any amounts remaining in a Participant’s Ohio Company Profit Sharing Account are now reflected in his Prior Plan Employer Contribution Account.

More Definitions of Prior Plan Employer Contribution Account

Prior Plan Employer Contribution Account means that portion of a Participant’s Individual Account attributable to (i) any employer contributions and accumulated earnings allocated to such Participant under the terms of a plan which has been merged into this Plan, and (ii) the Participant’s proportionate share attributable to his Prior Plan Employer Contribution Account, of the Adjustments, reduced by any distributions from such Account.

Prior Plan Employer Contribution Account means that separate, individual account established on behalf of a Participant who was a participant in the Prior Plan as in effect prior to January 1, 1993, to which such Participant’s “nonelective contributions” under the Prior Plan as in effect prior to January 1, 1993, if any, are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans Northfield Savings Bank

Prior Plan Employer Contribution Account means the amounts credited to a Participant’s Prior Plan Account, Prior ESOP Account, Company Floor Account, Prior Company Matching Account, Company Base Account and Company Matching Accounts (as those terms are defined in Sections 2.48, 2.47, 2.18, 2.46, 2.16 and 2.19 of the ISP), including earnings and losses thereon, transferred from the ISP to the Plan.