Common use of Defined Contribution Plan Clause in Contracts

Defined Contribution Plan. A plan under which Employee accounts are maintained for each Participant to which all contributions, forfeitures, investment income and gains or losses, and expenses are credited or deducted. A Participant’s benefit under such plan is based solely on the fair market value of his or her account balance.

Defined Contribution Plan. A plan under which Employee accounts are maintained for each Participant to which all contributions, forfeitures, investment income and gains or losses, and expenses are credited or deducted. A Participant’s 's benefit under such plan is based solely on the fair market value of his or her account balance.

Defined Contribution Plan. A plan under which Employee accounts are maintained that provides for individual Accounts for each Participant to which all contributions, forfeitures, investment income income, expenses, gains and gains or losses, and expenses losses under the Plan are credited or deducted. A Participant’s benefit under such plan a Defined Contribution Plan is based solely on the fair market value of his or his/her account balancevested Account Balance.

Defined Contribution Plan. A plan under which Employee accounts are maintained that provides for individual Accounts for each Participant to which all contributions, forfeitures, investment income income, expenses, gains and gains or losses, and expenses losses under the Plan are credited or deducted. A Participant’s 's benefit under such plan a Defined Contribution Plan is based solely on the fair market value of his or his/her account balancevested Account Balance.