Match Contribution Account definition

Match Contribution Account means the account established for each Participant for whom the Employer has allocated Match Contributions to the Trust and all earnings and appreciation thereon, less any withdrawals therefrom and any losses and expenses charged thereto.
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Examples of Match Contribution Account in a sentence

  • Such contributions, and any earnings and losses on those contributions, shall be allocated to the Participant’s Match Contribution Account.

  • Matching Contributions for a payroll period shall be paid to the Trustee and shall be credited to the Participant’s Match Contribution Account in accordance with such rules as the Committee shall establish.

  • A Participant may, however, elect to change his investment selection for any such Employer Match Contributions that have already been made to his Employer Match Contribution Account.

  • A Participant who has attained age 591⁄2 may, by written application to the Committee on or after January 1, 2009, request to withdraw up to one hundred percent (100%) of the vested balances credited to his Employer Match Contribution Account, and to his Merged Plan Accounts if any, other than his Pre-Tax Elective Deferral QRD Account.

  • Notwithstanding the foregoing, the Employer Match Contribution Account shall become one hundred percent (100%) vested upon the retirement or death of a Participant.

  • A Participant who began accruing Eligibility Service on or after January 1, 1989 shall not be vested in any portion of his Employer Match Contribution Account until he accrues five (5) years of Eligibility Service, at which time he shall become one hundred percent (100%) vested in, and have a nonforfeitable right to, his Employer Match Contribution Account.

  • All such Match Contributions shall be made to the Match Contribution Account established for the Participant as soon after each such pay period as practicable.

  • A Participant who had an Account in the Plan on December 31, 1988 and any Employee who accrued Eligibility Service with an Employer any time prior to January 1, 1989 shall be vested in, and have a nonforfeitable right to, his Employer Match Contribution Account effective January 1, 1989.

  • If the Terminated Participant is subsequently re-employed by an Employer or an Affiliated Entity, the dollar value of the forfeited amount shall be restored to his Employer Match Contribution Account without adjustment for gains or losses since the date of forfeiture.

  • Such Match Contributions shall be made in cash and shall be allocated to the Match Contribution Account of each Participant.

Related to Match Contribution Account

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • 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.

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • 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.

  • 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.

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.

  • 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.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • 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.

  • 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.

  • Payroll Deduction Account means the bookkeeping account established for a Participant in accordance with Section 6.

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).

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

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee’s account under any plan of an Employer or a Related Company solely on account of “elective contributions” made on his behalf or “employee contributions” made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.