Common use of Maintenance of Separate Accounts Clause in Contracts

Maintenance of Separate Accounts. The Plan Administrator shall maintain the following accounts in the name of each person participating in the Plan: (a) After-tax Savings Account (consisting of Participants’ After-tax Savings pursuant to Article IV and any earnings or losses thereon); (b) Section 401(k) Contribution Account (consisting of Section 401(k) Contributions pursuant to Article V and any earnings or losses thereon); and (c) Company Contribution Account (consisting of Company contributions under Section 3.1(b) and (c), forfeitures and any earnings or losses thereon). All of such separate accounts and the separate Fund Subaccounts, as established pursuant to Section 14.5(a), shall in the aggregate constitute the Participant’s Account.

Appears in 5 contracts

Samples: Retirement and Savings Plan (Host Hotels & Resorts, Inc.), Retirement and Savings Plan (Host Marriott L P), Retirement and Savings Plan (Host Marriott Corp/)

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