Profit Sharing Account definition

Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

Profit Sharing Account means the Account established for each Participant, the balance of which is attributable to (i) Participating Employer profit sharing contributions made pursuant to Article 3 and earnings and losses of the Trust Fund with respect to such contributions and (ii) the balance of the Participant’s profit sharing account under the Belo Savings Plan transferred to the Plan.

Profit Sharing Account means the Plan account established in respect of each Member pursuant to Article III, Section 8(B)(2) and Article V which shall be maintained separate from any other Account established in respect of such Member under the Plan. Except as otherwise indicated under the Plan, a Member’s Profit Sharing Account shall not include his Profit Sharing Rollover Amounts.

Examples of Profit Sharing Account in a sentence

• A deceased Participant’s Compensation Deferral Account, Incentive Pay Deferral Account or Profit Sharing Account, as applicable, shall be payable to the beneficiary or beneficiaries designated by the Participant on forms furnished and filed with MGI.

• A Salary Deferral Account may also include amounts transferred from a Prior Profit Sharing Account effective July 1, 1987, and earnings, losses and expenses attributable to such amounts.

• Such interest will then be added to the Funds Withheld Profit Sharing Account.

• The Committee will establish a Deferral Contribution Account for each Participant, and to the extent applicable, a Matching Contribution Account, a Profit Sharing Account and a Rollover Account.

• Notwithstanding anything in this Section 5.2 to the contrary, a Participant shall become 100% vested in his or her Matching Contributions Account and Profit Sharing Account upon the Participant’s death, Disability, or attainment of Normal Retirement Age while the Participant is an Associate.

More Definitions of Profit Sharing Account

Profit Sharing Account means the Account to which are credited Profit Sharing Contributions allocated to a Participant, adjustments for withdrawals and distributions, and the earnings, losses and expenses attributable thereto.

Profit Sharing Account means the subaccount that evidences the value of Profit Sharing Contributions, if any, made on behalf of the Participant pursuant to Plan section 6.1, including related investment gains and losses of the Trust Fund.

Profit Sharing Account means the separate account for a Participant in which the Participant's profit sharing contributions and related earnings are credited under ARTICLE IV.

Profit Sharing Account means the profit sharing account established for each Participant under the Plan.

Profit Sharing Account means the Account established for each Participant, the balance of which is attributable to Participating Employer profit sharing contributions made pursuant to Article 3 and earnings and losses of the Trust Fund with respect to such contributions.

Profit Sharing Account means the record of amounts attributable to contributions made by Participating Employers on behalf of Participants pursuant to Section 4.6, together with Trust earnings with respect thereto.

Profit Sharing Account means that portion of the Participant’s Account which is attributable to Profit Sharing Contributions allocated to such Participant pursuant to Section 4.02 of Article IV and earnings thereon.