Prior Plan Account definition

Prior Plan Account means the separate account maintained for a Member to record such Member's share of the Trust Fund attributable to employer contributions to the plans described herein as Prior Plans.

Prior Plan Account means the bookkeeping Account established under Section 3.4 on behalf of a Participant to reflect the amounts accrued by such Participant under the Prior Savings Plan as of December 31, 1997, and includes any deemed investment earnings credited thereon. “Prior Plan Deferred Account” means the portion of the Prior Plan Account attributable to the Participant’s deferrals plus deemed investment earnings thereon; and “Prior Plan Company Account” means the portion of the Prior Plan Account attributable to company credits plus deemed investment earnings thereon.

Prior Plan Account means that portion of the Trust Fund which, with respect to any Member or Deferred Member, is attributable to his “Prior Plan Account” under the ISP that was transferred from the ISP to the Plan, plus investment earnings and gains or losses.

Examples of Prior Plan Account in a sentence

• In the event of Hardship (as defined in Section 9.2) before age 59-1/2, the entire balance in the Member's Employee Contributions Account, Rollover Contribution Account or Prior Plan Account, plus the sum of all contributions that have been credited to a Member's Compensation Deferral Contributions Account to date together with any Income allocable to such contributions as of December 31, 1988.

• If a Participant dies prior to receiving a complete distribution of the balance of the Prior Plan Account, the undistributed portion of such Account will be paid in one cash lump sum as soon as is practicable to the named beneficiary under the Plan.

• For each Member the Committee shall, where applicable, cause a separate Compensation Deferral Contributions Account, an Employer Matching Contributions Account, a Rollover Contribution Account and a Prior Plan Account to be maintained.

• Alternative methods of distribution may apply to that portion of a Member’s or a Deferred Member’s Accounts attributable to a Prior Plan Account, as specified in the applicable appendices to the Plan.

• There shall be credited an amount equal to the product of (A) and (B), where (A) is the balance credited to the Fixed Rate Account (which account functions as a sub-account of the Prior Plan Account) as of such Adjustment Date (after adjustment for any distributions as of such adjustment date but prior to adjustment for credits as of such date), and (B) is the Crediting Rate.

More Definitions of Prior Plan Account

Prior Plan Account means the bookkeeping account maintained by the Administrative Committee for each Participant that is credited with amounts equal to ( i) the accrued liability for benefits under any nonqualified plan of a Participating Company that is merged with or transferred to this Plan with the permission of the Board of Directors of the Company, and (ii) earnings and losses pursuant to Section 4.3.

Prior Plan Account means the separate bookkeeping account to be kept for each Participant to reflect that portion of the Account (if any) attributable to an account maintained by an Employer on behalf of a Participant pursuant to any other unfunded nonqualified plan or contract of deferred compensation which was transferred to this Plan at the direction of the Committee.

Prior Plan Account means the separate account maintained for a Participant in which the Participant's account balance under the Prior Plan and related earnings are credited. The Trustee may establish one or more subaccounts within a Participant's Prior Plan Account to reflect the portion of such Prior Plan Account which is invested in one or more of the Investment Funds, in accordance with Section 7.3.

Prior Plan Account means any account established and maintained for amounts attributable to Employer contributions under another qualified plan and transferred to the Trustee in accordance with the applicable provisions of the ABA Members Pension Plan.

Prior Plan Account means the account maintained for the benefit of each Prior Plan Participant under the Prior Plan.

Prior Plan Account means the separate bookkeeping account of a Participant reflecting credit for the accrued benefit under the Prior Plan, together with income, gains and losses allocated thereto and less distributions made therefrom.

Prior Plan Account means that portion of the Account maintained for a Participant to record the amount credited to the Participant under the Prior Plan and transferred to this Plan on April 7, 2005, together with any income, gains and losses credited thereto. A Participant’s Prior Plan Account shall be 100% vested at all times.