Employer Account definition

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 Account means the account into which shall be credited the Employer contributions made on a Member’s behalf pursuant to Section 3.02 and earnings on those contributions.

Employer Account means the account established and maintained under this Plan by the Committee to record a Participant’s interest under this Plan attributable to (i) any amounts credited to his or her Employer Account under the Superseded Plan as in effect on December 31, 2001, and (ii) any Matching Contributions made to the Plan for the Participant on or after January 1, 2002.

Examples of Employer Account in a sentence

• Charging privileges on the Commercial Card are provided by Bank pursuant to this Agreement and the Employer Account Agreement.

• If payment is not received by the Payment Due Date, a late payment fee in the amount specified in the Employer Account Agreement may be charged.

• Charging privileges will be withdrawn upon termination of your employment or affiliation with your Employer or upon termination of the Employer Account Agreement.

• If a financial institution does not honor the check, ACH withdrawal or other payment method used to pay amounts owing under this Agreement or Bank must return a check because it is not signed or is otherwise irregular, Bank may charge a return check fee in the amount specified in the Employer Account Agreement.

• This Agreement, the Employer Account Agreement and other related agreements, is the entire agreement between the parties hereto regarding the subject matter and supersedes any oral agreements, oral representations, or oral warranties relating thereto.

More Definitions of Employer Account

Employer Account means, with respect to a Participant's Policy, a bookkeeping entry maintained by the Employer pursuant to Section 6 of the Plan, equal to the lesser of (1) the cash value of the Policy, or (2) the amount of Policy premiums paid by the Employer (and not collected from the Participant). With respect to a Replacement Policy, the amount of Policy premiums paid by the Employer shall be deemed to include the total of all such premiums paid on the Replacement Policy and the Replaced Policy, reduced by an amount equal to that portion of the Replaced Policy Cash Value, if any, paid to the Employer at the time the Replacement Policy is issued.

Employer Account means the account maintained for a Member as part of the MP Component to which mandatory Employer contributions to the Statewide Hybrid Plan are credited.

Employer Account means the Employer Matching Account and the Employer Discretionary Account of each Participant.

Employer Account means the account credited with Matching Contributions and earnings on those contributions.

Employer Account means the subaccount established as part of a Participant's Account to record the Participant's share of the Employer Contributions and Forfeitures and the Fund Earnings attributable to such amounts.

Employer Account means the account maintained for each Participant who has received an Employer Contribution, and which will reflect the amount of such Employer Contribution and appropriate adjustments as provided herein.

Employer Account. An Account established and maintained for a Participant for accounting purposes to which his share of Employer contributions and forfeitures are added.