Excess Benefit Credits definition

Excess Benefit Credits means the amounts, if any, credited to a Participant’s Plan Deferral Account pursuant to Section 4.7 of this Plan.
Excess Benefit Credits means the amounts, if any, credited to a Participant's Plan Deferral Account pursuant to Section 5(a)(4).

Examples of Excess Benefit Credits in a sentence

  • A Participant will be vested in the portion of his or her Account attributable to Excess Benefit Credits from the Profit Sharing Plan or the Money Purchase Pension Plan according to the following schedule, based on his or her years of service with the Employer.

  • The Committee shall separately account for that portion, if any, of a Participant’s Deferral Account that is allocable to Excess Benefit Credits attributable to (i) employer matching contributions, (ii) service-related contributions, and (iii) ISP Plus contributions.

  • A Participant will be vested in the portion of his or her Account attributable to Excess Benefit Credits from the Synovus Financial Corp./Total System Services, Inc.

  • The Plan Administrator shall separately account for that portion, if any, of a Participant's Plan Deferral Account that is allocable to the Excess Benefit Credits attributable to each of the employer matching contributions described in Section 3.3.1 of the ISP Plan, the service- related contributions described in Section 3.3.2 of the ISP Plan and the ISP Plus contributions described in Section 3.3.4 of the ISP Plan.

  • Each Participant shall specify as part of his or her deferral election under Section IV.A, the date on which the Elective Deferrals, and/or Excess Benefit Credits, and/or Matching Credits made on his or her behalf, if any, shall be distributed.

  • The term "Excess Benefit Account" shall mean the recordkeeping account established by the Company for each Participant to which his Excess Benefit Credits are credited and from which distributions to the Participant or to his Beneficiary are made.

  • When a range for pH values was provided, the midpoint of this range was used.

  • The net eligible education expenses for the program participants are $582,115.

  • Notwithstanding the foregoing, the portion of a Participant's Plan Deferral Account attributable to Excess Benefit Credits and the Earnings Equivalent attributable to such amounts shall be forfeited if following termination of employment the Plan Administrator determines that the Participant has violated the terms and conditions of the non-solicitation and non-competition agreement in effect between the Participant and an Employer.

  • A Participant will be Vested in the portion of his or her Account attributable to Excess Benefit Credits and Matching Credits according to the following schedule, based on his or her years of service with the Employer.

Related to Excess Benefit Credits

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Matching Contribution means an Employer contribution made to this or any other Defined Contribution Plan on behalf of a Participant on account of an Employee Contribution made by such Participant, or on account of a Participant's Employee Elective Deferral, under a plan maintained by the Employer.

  • Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—

  • Company Matching Contributions means any contributions made to the Company Matching Account of a Participant by a Participating Employer as provided for in Section 4.02.

  • 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.

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Retirement Benefit means the benefit set forth in Article 5.

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • SERP has the meaning assigned thereto in Section 5(c) hereof.

  • 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.

  • Retirement Benefits means benefits paid by reference to reaching, or the expectation of reaching, retirement or, where they are supplementary to those benefits and provided on an ancillary basis, in the form of payments on death, disability, or cessation of employment or in the form of support payments or services in case of sickness, indigence or death. In order to facilitate financial security in retirement, these benefits may take the form of payments for life, payments made for a temporary period, a lump sum, or any combination thereof;

  • Matching Contributions means contributions made by the Employer on account of an "eligible Participant's" Elective Deferrals.

  • 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.

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in value in the aggregate as are payable thereunder prior to a Change in Control.

  • Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.

  • 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.

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

  • Excess Elective Deferrals means the amount of Elective Deferrals (as defined below) for a calendar year that the Participant designates to the Plan pursuant to the following procedure. The Participant’s designation: shall be submitted to the Administrator in writing no later than March 1; shall specify the Participant’s Excess Elective Deferrals for the preceding calendar year; and shall be accompanied by the Participant’s written statement that if the Excess Elective Deferrals is not distributed, it will, when added to amounts deferred under other plans or arrangements described in Section 401(k), 408(k) or 403(b) of the Code, exceed the limit imposed on the Participant by Section 402(g) of the Code for the year in which the deferral occurred. Excess Elective Deferrals shall mean those Elective Deferrals that are includible in a Participant's gross income under Section 402(g) of the Code to the extent such Participant's Elective Deferrals for a taxable year exceed the dollar limitation under such Code section.

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee's account under any plan of an Employer or a Related Company solely on account of "elective contributions" made on his behalf or "employee contributions" made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • 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.

  • Supplemental Retirement Income Benefit means an annual amount (before taking into account federal and state income taxes), payable in monthly installments throughout the Payout Period. Such benefit is projected pursuant to the Agreement for the purpose of determining the Contributions to be made to the Retirement Income Trust Fund (or Phantom Contributions to be recorded in the Accrued Benefit Account). The annual Contributions and Phantom Contributions have been actuarially determined, using the assumptions set forth in Exhibit A, in order to fund for the projected Supplemental Retirement Income Benefit. The Supplemental Retirement Income Benefit for which Contributions (or Phantom Contributions) are being made (or recorded) is set forth in Exhibit A.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).