Employer Account. The Participant’s Matching Contributions Account, Profit Sharing Contributions Account, Money Purchase Contributions Account, Safe Harbor Matching Contributions Account, Safe Harbor Nonelective Contributions Account, Qualified Matching Contributions Account and Qualified Nonelective Contributions Account, as the case may be.
Employer Account. The Company will contribute monthly the equivalent of 5% of basic earnings to the Employer Account on behalf of each employee. Basic earnings mean the monthly standard hourly rate of pay earnings.
Employer Account. EMPLOYER ACCOUNT" shall mean the account established by the Administrative Committee with the Trustee for each Participant, which shall be invested as provided in Article VI on behalf of the Participant for whom such Employer Account has been established, and to which the Employer Contributions on behalf of such Participant and the earnings and losses thereon shall be allocated.
Employer Account. This Individual Account will be credited with employer Contributions; and b)
Employer Account. [check one only] An Employer Account can be used to hold assets to offset other post-employment benefits, such as OPEB liabilities as defined by Governmental Accounting Standards Board Statement No. 75 (GASB 75) accounting rules. An Employer Account is not required in order to receive forfeitures as described in paragraph 5. All forfeitures will be deposited into a temporary suspense account but may be subsequently transferred from the temporary suspense account into an Employer Account at the direction of the Employer. [✔]
(a) or
(b) Employer is establishing one or more Employer Accounts.
Employer Account. Each participant at all times shall have a fully vested interest in the assets of his Employer Accounts for all classes.
Employer Account. Each participant who performs at least one hour of service for an employer on or after January 1, 2003 shall have a fully vested interest in the assets of his Employer Accounts for all classes at all times. If a participant has one hour of service on or after December 1, 2002, and has three or more years of service, he shall have a fully vested interest in the assets of his Participant Accounts for all classes (notwithstanding any provision of the Plan to the contrary).
Employer Account. You can register for an Account or add an Account type to use the Site and Site Services as an EMPLOYER (an “EMPLOYER Account”). Each User under an EMPLOYER Account (“Team Member”) can be given different permissions to act on behalf of the EMPLOYER Account.
Employer Account. The Participant’s Matching Contributions Account, Profit Sharing Contributions Account, Money Purchase Contributions Account, Safe Harbor Matching Contributions Account, Safe Harbor Non-elective Contributions Account, Qualified Matching Contributions Account and Qualified Non-elective Contributions Account, as the case may be.
1 The Plan may not be both a multiple employer or multiemployer plan and a Master or Prototype Plan.
Employer Account. [Check ONE. "Full and Immediate Vesting" must be selected if the 2-year requirement for Employer Contributions is selected in Part VII.D.2.b.2.]
a. [_] STANDARD: Full and Immediate Vesting. 100% at all times. b. [_] Cliff Vesting. 100% after completion of ______ Years of Service [not to exceed 5].
c. [_] Graded Vesting. YEARS OF SERVICE NONFORFEITABLE PERCENTAGE Less than 1 ____% 1 ____% 2 ____% 3 ____% [AT LEAST 20%] 4 ____% [AT LEAST 40%] 5 ____% [AT LEAST 60%] 6 ____% [AT LEAST 80%] 7 or more 100% d. [_] Top-Heavy. The Top-Heavy Vesting Schedule in Part XI.A will apply for all Plan Years. C. NORMAL RETIREMENT AGE: [Check ONE. See (S) 2.43 and Part XIII.B.] 1. [X] STANDARD: Age 65.
