Qualified Nonelective Contributions Account definition

Qualified Nonelective Contributions Account. The Account established for a Participant pursuant to Section 3.8.7.

Qualified Nonelective Contributions Account means the Account of a Participant to which are credited any Qualified Nonelective Contributions allocated to the Participant in a given Plan Year under Section 3.1(c) of this Plan.

Qualified Nonelective Contributions Account means the separate account maintained for each Participant who has been allocated Qualified Nonelective Contributions that accounts for the Participant’s share of the Trust Fund attributable to Qualified Nonelective Contributions.

Examples of Qualified Nonelective Contributions Account in a sentence

• The distribution events applicable to the Participant's Deferral Contributions Account, Qualified Nonelective Contributions Account and Qualified Matching Contributions Account must satisfy the distribution restrictions described in paragraph (m) of Section 14.03.

• A hardship distribution option may not apply to the Participant's Qualified Nonelective Contributions Account or Qualified Matching Contributions Account, except as provided in paragraph (3).

• If the Employer, at the time of contribution, designates a contribution to be a qualified nonelective contribution for the Plan Year, the Advisory Committee will allocate that qualified nonelective contribution to the Qualified Nonelective Contributions Account of each Participant eligible for an allocation of that designated contribution, as specified in Section 3.04 of the Employer's Adoption Agreement.

• To make allocations under the Plan, the Advisory Committee must establish a Deferral Contributions Account, a Qualified Matching Contributions Account, a Regular Matching Contributions Account, a Qualified Nonelective Contributions Account and an Employer Contributions Account for each Participant.

• Excess Contributions shall be distributed from the Participant's Qualified Nonelective Contributions Account only to the extent that such Excess Contributions exceed the balance in the Participant's Elective Deferrals Account and Qualified Matching Contributions Account.

More Definitions of Qualified Nonelective Contributions Account

Qualified Nonelective Contributions Account means the account into which Qualified Nonelective Contributions, if any, and investment gains and losses thereon shall be credited.

Qualified Nonelective Contributions Account means the Account established for a Member to which Qualified Nonelective Contributions and earnings thereon are credited.

Qualified Nonelective Contributions Account means the subaccount established to account for the Qualified Non!Elective Contributions made by a Participating Company on behalf of an Eligible Participant and the investment earnings and losses on such contributions, and which shall also include those amounts transferred to the Plan from a Participating Employee=s Qualified Non-Elective Contributions Account under the Retirement Savings Plan.

Qualified Nonelective Contributions Account means an Account maintained for a Participant pursuant to Section 6.1(a)(11).

Qualified Nonelective Contributions Account means the Account established for a Participant pursuant to Section 3.08(g).

Qualified Nonelective Contributions Account means the Account which is maintained with respect to Qualified Nonelective Contributions made on behalf of a Participant, and earnings thereon.

Qualified Nonelective Contributions Account means the account into which Qualified Nonelective Contributions (other than contributions of Company Stock), if any, and investment gains and losses thereon shall be credited.