Salary Deferral Account definition

Salary Deferral Account means that portion of an Account attributable to salary deferral contributions.

Salary Deferral Account means the account to which a Member’s Salary Deferrals are credited, as further described in Section 7.1(b), and which is adjusted for any distributions and withdrawals by the Member.

Salary Deferral Account means the individual Account of a Participant consisting of his Salary Deferral Contributions and, if applicable, any Qualified Nonelective Contributions (together with portions of certain Plan-to-Plan Transfers identified hereunder) and income, expenses, gains, losses, and distributions attributable thereto.

Examples of Salary Deferral Account in a sentence

• The Employer will deposit any amounts withheld from a Participant’s Plan Compensation as Salary Deferrals into the Participant’s Salary Deferral Account under the Plan.

• Any Salary Deferrals withheld pursuant to an automatic deferral election will be deposited into the Participant’s Salary Deferral Account.

• Only when all available amounts have been exhausted under the Participant’s Employer Contribution Account and/or Matching Contribution Account will a Hardship distribution be made from a Participant’s Pre-Tax Salary Deferral Account and/or Roth Deferral Account.

• If a Participant has both a Pre-Tax Salary Deferral Account and a Roth Deferral Account, withdrawals and loans from such Accounts will be made in accordance with this subsection (b).

• The denominator of the fraction is the Member's total Salary Deferral Account balance as of the beginning of the taxable year plus the Member's Salary Deferral Contributions for the taxable year.

More Definitions of Salary Deferral Account

Salary Deferral Account means so much of a Participant's Account as consists of his Salary Deferrals, including all earnings and gains attributable thereto, and reduced by all losses attributable thereto, all expenses chargeable thereto and all withdrawals and distributions therefrom.

Salary Deferral Account means the subaccount maintained to record the Salary Deferrals made on behalf of the Member pursuant to Section 3 and any adjustments relating thereto.

Salary Deferral Account means the Account maintained for a Participant to record his or her share of the contributions of the Employer that are made pursuant to Participants' Salary Deferral Agreements.

Salary Deferral Account means the account listed in Section 10(a)(2) of this Plan which is maintained on the books of the Company and which, with respect to each Participant, reflects the accumulated balance of amounts determined pursuant to Section 4(a)(2) of this Plan, including gains or losses thereon.

Salary Deferral Account means the account credited with the Salary Deferral Contributions made on a Participant’s behalf, including all earnings and gains attributable thereto, and reduced by all losses attributable thereto, all expenses chargeable thereto and all withdrawals and distributions therefrom.

Salary Deferral Account means the Account maintained for Salary Deferral Contributions and Catch-Up Contributions made to the Plan on behalf of a Participant under this Article, after adjustment for earnings, losses, changes in market value, fees, expenses and payments, if any.

Salary Deferral Account means the portion of a Participant’s Account derived from Salary Deferral Credits.