Employee Contributions Account definition

Employee Contributions Account means the separate account maintained for a Member to record such Member's share of the Trust Fund attributable to the Member's Employee Contributions.
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Employee Contributions Account means the separate account maintained for a Member to record such Member's share of the Trust Fund attributable to previously permitted after-tax contributions by the Member to the Plan.
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Employee Contributions Account means the separate account maintained for a Member to record such Member's share of the Trust Fund attributable to the Member's Employee Contributions. The Employee Contributions Account of each Member will consist of a subaccount for basic Employee Contributions that were eligible for matching by Employer Contributions and a subaccount for supplemental Employee contributions that were not eligible for matching by Employer Contributions.
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Examples of Employee Contributions Account in a sentence

  • Notwithstanding the above, this transferred (rolled over) amount shall be deposited to the Trust and shall be credited to a Deductible Employee Contributions Account.

  • With respect to the Participant’s Employee Contributions made pursuant to Section 4.1(a), to the Participant's Employee Contributions Account (formerly called “Pick Up Account”) in an amount equal to such Participant's mandatory Employee Contributions contributed since the last prior Valuation Date.

  • VestingEmployee Contributions.Each member shall at all times be one hundred percent (100%) vested and have a nonforfeitable interest in his Employee Contributions Account.

  • The balance in each Participant’s Interdivision Employee Contributions Account shall be fully vested at all times and shall not be subject to forfeiture for any reason.

  • An Interdivision Employee Contributions Account which includes any Interdivision Employee Contributions made pursuant to Section 4.08 and any earnings thereon.

  • No part of the deductible Employee Contributions Account shall be used to purchase life insurance.

  • A Roth Account is a sub-Account of the Employee Contributions Account, or is a sub-Account of the Rollover Contributions Account.

  • A loan program shall be available to Members who have amounts credited to a Voluntary Employee Contributions Account.

  • An Eligible Employee may also elect, in accordance with the provisions of Article II, to execute a Deferral Election with the Company to defer an additional portion of his Compensation during a stated deferral period and to credit such net reduction as Supplemental Employee Contributions to the Supplemental Employee Contributions Account portion of the Supplemental Account of the Eligible Employee.

  • A Participant’s unfunded and unsecured interest in his Supplemental Employee Contributions Account shall be 100% vested at all times.


More Definitions of Employee Contributions Account

Employee Contributions Account means the separate account maintained for certain Participants pursuant to 8.4.3
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Employee Contributions Account means the record of money and assets held by the Foundation for an individual Participant or Beneficiary pursuant to the provisions of the Plan which were derived from Employee Contributions.
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Employee Contributions Account means the separate recordkeeping account maintained for each Participant which represents his or her total proportionate interest in the Trust and which consists of the sum of the following subaccounts:
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Related to Employee Contributions Account

  • Employee Contributions are contributions made by a Participant on an after-tax basis, whether voluntary or mandatory, and designated, at the time of contribution, as an employee (or nondeductible) contribution. Elective deferrals and deferral contributions are not employee contributions. Participant nondeductible contributions, made pursuant to Section 4.01 of the Plan, are employee contributions.

  • 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.

  • 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 Contributions means all amounts paid into ASRS by an

  • 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.

  • 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.

  • 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.

  • Employee Contribution means any contribution made to the Plan by or on behalf of a Participant that is included in the Participant's gross income in the year in which made and that is maintained under a separate account to which earnings and losses are allocated.

  • 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.

  • 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.

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • 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.

  • 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.

  • 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.

  • Employee Account means any brokerage account or unit investment trust account in which the Van Kampen Employee has any direct or indirect beneficial ownership.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

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

  • 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.

  • Matching Contributions are contributions made by the Employer on account of elective deferrals under a Code Section 401(k) arrangement or on account of employee contributions. Matching contributions also include Participant forfeitures allocated on account of such elective deferrals or employee contributions.

  • 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.

  • 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.

  • 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.

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

  • Company Matching Contributions means the Company contributions described in Section 3.4.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Matching Contribution means Employer contributions made to this Plan or any other defined contribution plan by reason of Thrift Contributions or Elective Deferrals under this Plan.