Discretionary Contribution Account definition

Discretionary Contribution Account means the Account maintained to record the Discretionary Contributions calculated in accordance with Section 4.4 (Discretionary Contributions) on behalf of a Participant, as adjusted to reflect the rate of return on the hypothetical Investment Funds selected by the Participant in accordance with Section 6.4 (Investment Direction) and other credits or charges in accordance with this Plan. A Participant’s Discretionary Contribution Account shall be divided into subaccounts as determined by the EDCP Committee.

Discretionary Contribution Account means an Account to which Discretionary Contributions are allocated.

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

Examples of Discretionary Contribution Account in a sentence

• Such Participant’s Discretionary Contributions for a Deferral Period (if any) shall be credited to the subaccount for such Deferral Period under such Participant’s Discretionary Contribution Account.

• A Participant’s vested interest in his or her Discretionary Contribution Account shall be determined as of the Valuation Date immediately preceding his or her termination of employment with the Company and all Affiliates.

• Any portion of a Participant’s Discretionary Contribution Account which is not vested shall be forfeited in the first Deferral Period in which his or her termination of employment with the Company and all Affiliates occurs.

• A Participant’s Discretionary Contribution Account shall be divided into subaccounts as determined by the EDCP Committee.

• All Discretionary Contributions shall be credited to the Participant’s Discretionary Contribution Account as of the time designated by the Employer or the EDCP Committee.

More Definitions of Discretionary Contribution Account

Discretionary Contribution Account means a bookkeeping entry maintained by the Plan Administrator for each Participant that records the Discretionary Contributions allocated to the Participant under Article IV, adjustments for allocations of income or loss, distributions and all other information affecting the value of such account.

Discretionary Contribution Account means: (a) the sum of the Discretionary Contribution amounts (if any), plus (b) Deemed Investment gains or losses thereon, less (c) all distributions made to the Participant or his or her Beneficiary, and tax withholding amounts (if any) deducted from the Discretionary Contribution Account.

Discretionary Contribution Account means an account attributable to Discretionary Contributions made by a Participating Employer on behalf of a Participant, as adjusted for earnings and losses thereon.A Participant’s Account under the Plan consists only of Contributions (as adjusted for earnings and losses thereon) made to the Plan by or on behalf of the Participant: (1) on or after January 1, 2005; and (2) under the Old Plan prior to January 1, 2005, to the extent that the Participant was not vested in such amounts as of December 31, 2004. Accounts shall be maintained solely as bookkeeping entries by the Company to evidence unfunded obligations of the Participating Employers.

Discretionary Contribution Account means a separate account maintained for each Participant to record the Discretionary Contributions made to the Plan, plus all earnings and losses allocable thereto.

Discretionary Contribution Account means the separate account maintained for each Participant to record the Discretionary Contribution made to the Plan on behalf of such Participant pursuant to Section 3.06 hereof, as adjusted in accordance with Article IV hereof.

Discretionary Contribution Account means the Account maintained to reflect the Discretionary Contributions made by the Employer on behalf of a Participant and the investment experience, expenses, distributions and forfeitures pertaining thereto.

Discretionary Contribution Account means the record of the Participant’s interest in the Plan attributable to Employer Discretionary Contributions described in Section 3.4.