Elective Account definition

Elective Account means the Elective Contributions made on behalf of a Member, and the income, losses, appreciation and depreciation attributable to such contributions.

Elective Account means the memorandum account established and maintained by the Company for each Participant with respect to the Participant’s total interest in the Plan resulting from the Participant’s Base Salary Contributions, Incentive Contributions, Performance Share Contributions and/or RSU Contributions plus the earnings thereon.

Elective Account means the account established and maintained for each Participant with respect to his total interest in the Plan and Trust resulting from Employer Elective Contributions and Employer Non-Elective contributions which satisfy the Code Sections 401(k) (2) (B) and (C)

Examples of Elective Account in a sentence

• The amount by which Compensation is reduced shall be that Participant's Deferred Compensation and be treated as an Employer Elective Contribution and allocated to that Participant's Elective Account.

• For the purposes of this Section "Actual Deferral Percentage" means, with respect to the Highly Compensated Participant group and Non-Highly Compensated Participant group for a Plan Year, the average of the ratios, calculated separately for each Participant in such group, of the amount of Employer Elective Contributions allocated to each Participant's Elective Account for such Plan Year, to such Participant's "414(s) Compensation" for such Plan Year.

• Such contribution shall be allocated to the Participant's Elective Account of each Non-Highly Compensated Participant in the same proportion that each Non-Highly Compensated Participant's Compensation for the year bears to the total Compensation of all Non-Highly Compensated Participants.

• The balance in each Participant's Elective Account shall be fully Vested at all times and shall not be subject to Forfeiture for any reason.

• With respect to the Employer Elective Contribution made pursuant to Section 4.1(a), to each Participant's Elective Account in an amount equal to each such Participant's Deferred Compensation for the year.

More Definitions of Elective Account

Elective Account means the portion of a Participant’s Account attributable to his Elective Contributions, as adjusted for investment gain and loss.

Elective Account means the account established and maintained by the Administrator for each Participant with respect to the Participant's total interest in the Plan and Trust resulting from the Employer Elective Contributions and any Employer Qualified Non-Elective Contributions. A separate accounting shall be maintained with respect to that portion of the Participant's Elective Account attributable to Employer Elective Contributions and Employer

Elective Account means the portion of a Participant’s Account attributable to his Elective Contributions, as adjusted for investment gain andloss.

Elective Account means, for each Participant, the portion of the Participant's Account attributable to Compensation electively deferred by the Participant pursuant to Section 3.1 below.

Elective Account means the Account established and maintained by the Administrative Committee for each Participant with respect to his total interest in the Plan resulting from the Employer’s Elective Contributions. A Participant shall always be fully vested in the balance in his Elective Account.

Elective Account means the account created to hold amounts attributable to the Participant’s total interest in the Plan and Trust resulting from the Elective Contributions used to satisfy the “Actual Deferral Percentage” tests. The Participant’s Elective Account may consist of a Pre-Tax Elective Deferral Account and a Roth Elective Deferral Account. Unless specifically stated otherwise, any reference to a Participant’s Elective Account will refer to both of these Accounts. A separate accounting shall be maintained with respect to that portion of the Participant’s Elective Account attributable to such Elective Contributions and any Employer Qualified Non-Elective Contributions.

Elective Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan and Trust resulting from the Elective Contributions. A separate accounting shall be maintained with respect to that portion of the Elective Account attributable to Elective Contributions pursuant to Section 4.2 and any Qualified Non-Elective Contributions.