Participant Account. A separate account is maintained for each contributing eligible employee, which documents the employee’s contributions and disbursements. Contributions to a VEBA, as well as any disbursements to cover non-reimbursed post-tax medical care expenses, are both tax-free. Eligible benefits subject to reimbursement by the Plan shall be limited to long-term care expenses and non-reimbursed medical premiums, co-pays, prescribed drug expenses and other medical care costs as defined by the Internal Revenue Code Section 213.
Participant Account. The dollar value of funds maintained for each person in accordance with the terms of the Plan. The Participant Account may be invested in the fixed interest option through the Contractholder Fixed Account, or the variable separate account options through the Contractholder Variable Account.
Participant Account. The term "Participant Account" means the separate account maintained by the Trustee for each Participant.
Participant Account. The separate Record Keeping Account established for each Participant in which shall be recorded pertinent Participant information, including but not limited to, the Participant’s name, Social Security number, address, date of birth and selection of Mutual Funds.
Participant Account. See 3.02.
Participant Account. With respect to the account balances of the participants under the Merging Plan, the following conditions shall apply;
Participant Account. 2 1.15 Plan ..................................2 1.16
Participant Account. An account under this Contract to which General Account values and Separate Account Accumulation Units are allocated on behalf of a Participant. Plan - The employee benefit plan or similar program that is funded by this Contract.
Participant Account. 10 Section 1.19. Plan . . . . . . . . . . . . . . . . .10 Section 1.20. Plan Year. . . . . . . . . . . . . . .10 Section 1.21. Post-Tax Adjusted Benefit. . . . . . .10 Section 1.22. Preretirement Surviving Spouse Death Benefit. . . . . . . . . . . . . . . .12 Section 1.23. Prior Plan . . . . . . . . . . . . . .13 Section 1.24. Service. . . . . . . . . . . . . . . .13 Section 1.25.
Participant Account. Each participant at all times shall have a fully vested interest in the assets of his Participant Accounts for all classes.
