Transferred Contributions Account definition

Transferred Contributions Account means the account established for a Participant under the Plan that is credited with Transferred Contributions under Section 2.9 of the Plan.
Transferred Contributions Account means the Account established for a Participant pursuant to Section 6.1(c).
Transferred Contributions Account means the account to which Transferred Contributions are allocated.

Examples of Transferred Contributions Account in a sentence

  • A Transferred Contributions Account shall be established for each Participant for whom assets are transferred from another Qualified Plan, to which the Administrator shall credit, or cause to be credited, transferred assets, plus earnings or losses thereon.

  • Transferred amounts shall be credited to the Transferred Contributions Account maintained for the Participant.

  • A Participant shall be fully vested in the amount in his or her Compensation Deferral Account, Supplemental Matching Contributions Account, Transferred Contributions Account and Stock Option Deferral Account at all times.

  • A Participant shall at all times have a vested percentage of 100% in his Rollover Contributions Account and Transferred Contributions Account.

  • Accounting of Transferred Assets: Such assets shall be maintained in a Transferred Contributions Account established on behalf of each Participant to whom such assets are credited, which shall have a Company Stock Sub-Account to account for Company Stock, and an Other Investments Sub-Account to account for amounts other than Company Stock.

  • The lump sum distribution of amounts attributable to Company Stock held in a Participant's Company Stock Account or the Company Stock Sub-Account of any Transferred Contributions Account shall be payable in the form of Company Stock, except that any fractional shares shall be payable in cash (unless prohibited from doing so under applicable law or other legal compulsion.) The lump sum distribution of amounts in a Participant's Other Investments Account will be distributed solely in cash.

  • Seventh, allocate any income, loss, appreciation or depreciation attributable to a separate investment of a Rollover Contribution Account pursuant to Section 13.2 or a Transferred Contributions Account pursuant to Section 13.3.

  • Once each year, a Participant who is receiving payments in one of these forms shall be permitted to elect to receive all or any portion of his or her Transferred Contributions Account in the form of a lump sum.

  • If a Participant fails to direct the investment of all or any portion of his Elective Contributions Account, Voluntary Employee Contributions Account, Transferred Contributions Account or Rollover Contributions Account, such account, or portion thereof, shall be invested in the Xxxxxxx Xxxxx Retirement Preservation Trust.

  • Dividends: Any dividends paid with respect to transferred Company Stock shall be either held in the Participant's Transferred Contributions Account or distributed to the Participant (or his or her Beneficiary in the event of his or her death).

Related to Transferred Contributions Account

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Voluntary Contribution Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan resulting from the Participant's nondeductible voluntary contributions made pursuant to Section 4.12.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Transferred Account means each account into which an Account is transferred, provided that (i) such transfer is made in accordance with the Credit Card Guidelines and (ii) such account can be traced or identified as an account into which an Account has been transferred.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Company Contributions means the contributions made by the Company pursuant to Section 3.3.

  • Upper-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Upper-Tier REMIC.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Accumulated contributions means the sum of all

  • Special Payments Account means the Eligible Deposit Account created pursuant to Section 2.2 as a sub-account to the Collection Account.

  • Employer Contributions means all amounts paid into ASRS by an

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Rollover Contributions means, for any Participant, his rollover contributions as provided in Section 7.1.

  • Employer Account The Participant's Matching 401(k) Contributions Account, Matching Thrift Contributions Account, Employer Contributions Account, Qualified Matching Contributions Account and Qualified Nonelective Contributions Account, as the case may be.

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Transfer Account means the account established hereunder to which amounts transferred to this Plan from a direct plan-to-plan transfer in accordance with Section 4.7 are allocated.

  • Member contributions means all amounts paid to ASRS by a member.

  • Company Contribution means that portion of the main extension costs which the Company will fund based upon the following formula:

  • Retained asset account means any mechanism whereby the settlement of proceeds payable under a policy or contract is accomplished by the insurer or an entity acting on behalf of the insurer depositing the proceeds into an account with check or draft writing privileges, where those proceeds are retained by the insurer or its agent, pursuant to a supplementary contract not involving annuity benefits other than death benefits.