Profit Sharing Contribution Account definition

Profit Sharing Contribution Account means the separate subaccount of a Participant’s Account to which any Profit Sharing Contributions and any income or loss thereon are credited.

Profit Sharing Contribution Account means the separate portion of each Participant’s Account which reflects the Employer’s contributions under Section 4.2 and forfeitures allocated thereto as adjusted in accordance with Article 7.

Profit Sharing Contribution Account means the aggregate of any Basic Profit Sharing Contributions and Discretionary Profit Sharing Contributions, as adjusted, which the Company or a Participating Employer has contributed to the Thrift Trust for the benefit of a Member in accordance with section 5.2.

Examples of Profit Sharing Contribution Account in a sentence

• Such contributions will be allocated to the Profit Sharing Contribution Account of each Participant eligible in pro rata shares.

• This means that the amount allocated to each eligible Participant's Profit Sharing Contribution Account will, as a percentage of Compensation, be the same.

• During an acceptance test in August, a high current switching component failed, and burned up a control board.

• For example, if the contribution is equal to 5% of all eligible Participants' Compensation, then that is the amount that will actually be allocated to each eligible Participant's Profit Sharing Contribution Account.

• The Prior Dentsu Employer Contribution Account is available for in-service distributions at any time and for financial hardship distributions, and the Prior Dentsu Profit Sharing Contribution Account is available for in-service distributions upon attaining age 59½, and for financial hardship distributions.● Mitchell Communications Group 401(k) Profit Sharing Plan and Trust Merged Accounts.

More Definitions of Profit Sharing Contribution Account

Profit Sharing Contribution Account means an Account established and maintained by the Administrative Committee or Trustee to hold a Participant’s account balance as of December 31, 2001 under the SAFECO Employees’ Profit Sharing Retirement Plan (which plan was merged into this Plan as of January 1, 2002) and profit-based contributions made to this Plan thereafter and any gains or losses of the Trust (other than Dividends) attributable thereto. Profit-based contributions to the Plan are discontinued for Plan Years beginning after December 31, 2007.

Profit Sharing Contribution Account means the Account maintained for a Participant to record his or her share of Profit Sharing Contributions made by a Participating Employer.

Profit Sharing Contribution Account means that portion of a Participant’s Individual Account attributable to (i) Profit Sharing Contributions allocated to such Participant pursuant to Section 3.4, and (ii) the Participant’s proportionate share attributable to his Profit Sharing Contribution Account, of the Adjustments, reduced by any distributions from such Account.

Profit Sharing Contribution Account means that portion of such Member's Account which evidences the value of Profit Sharing Contributions made on his behalf by an Employer under Plan section 4.13 or transferred from the Cullen/Frost Profit Sharing Plan, including any attributable gains and losses to the Trust Fund.

Profit Sharing Contribution Account means an account established for a Participant pursuant to Article IV.

Profit Sharing Contribution Account means the Account of a Member established and maintained in accordance with Section 5.11.

Profit Sharing Contribution Account means the separate portion of a Participant’s Account which reflects: (a) profit sharing contributions under Section 4.3; and (b) adjustments made in accordance with Article 7.