Employer Matching Contribution Account definition

Employer Matching Contribution Account means the separate account established in the name of a Participant pursuant to Article 6.2(a)(iii) to record the Employer Matching Contributions on behalf of the Participant and the earnings, losses, and expenses allocated thereto.

Employer Matching Contribution Account means a separate Account maintained for each Participant, consisting of the Participant's share of Employer Matching Contributions, plus any earnings of the Trust and any realized or unrealized gains and losses allocable to such Account, but less any amounts previously distributed to the Participant, Former Participant or Beneficiary for whom the Account is maintained.

Employer Matching Contribution Account means the separate account maintained pursuant to Section 7.03(d) hereof for Employer Matching Contributions allocated to the Participant and the income, expenses, gains and losses attributable thereto.

Examples of Employer Matching Contribution Account in a sentence

• Such Accounts may include the Compensation Reduction Contributions Account, the Roth Compensation Reduction Contributions Account, the Employer Matching Contribution Account, the Employer Non-Elective Contribution Account, the Employee Voluntary Contribution Account, and the Employee Rollover Contribution Account.

• Principal and interest payments first shall be credited to the Participant's Salary Deferral Contribution Account, then to his Employer Matching Contribution Account, and then to his Discretionary Employer Matching Contribution Account (any loss caused by nonpayment of such loan shall be borne solely by such Account in the same order of preference as principal and interest payments) to be invested as otherwise provided in the Plan.

• The amount to be borrowed by the Participant shall come from assets held in the Participant's Salary Deferral Contribution Account, Employer Matching Contribution Account, Discretionary Employer Matching Contribution Account, or Rollover Account, and any loan shall be considered an asset of such Account.

• If you make a "Matched Employee Contribution" the Company may contribute to your Employer Matching Contribution Account in an amount and allocation formula as determined by the Company in its sole discretion.

• If you make a "Matched Employee Contribution" the Employer may contribute to your Employer Matching Contribution Account in an amount and allocation formula as determined by the Employer in its sole discretion.

More Definitions of Employer Matching Contribution Account

Employer Matching Contribution Account means the sub-Account which is attributable to matching contributions made by the Employer pursuant to Section 5.06.

Employer Matching Contribution Account means the account maintained for a Participant to record Employer Matching Contributions (and adjustments thereto) made on his behalf.

Employer Matching Contribution Account means the separate Account of a Participant consisting of Employer matching contributions allocated thereto, increased by net gains and decreased by net losses and distributions therefrom, all in accordance with the provisions of the Plan.

Employer Matching Contribution Account means the sum of (i) a Participant's share of Company Matching Contributions plus (ii) interest thereon credited in accordance with the applicable interest crediting provisions of the Plan, net of all distributions from such Account. This Account shall be a bookkeeping entry only and shall be utilized solely as a device for the measurement and determination of the amounts to be paid to the Participant pursuant to the Plan.

Employer Matching Contribution Account means the account maintained for a Participant to record Employer Matching Contributions made by the Employer and earnings and losses that accrue on such contributions.

Employer Matching Contribution Account means an account established and maintained by the Plan Administrator or Trustee to record a Participant’s share of Employer matching contributions to the Plan and any gains or losses (other than Dividends) of the Trust attributable thereto.

Employer Matching Contribution Account means the Account that is attributable to matching contributions made by the Employer pursuant to Sections 5.06 and 5.06A.