Matching Account. A separate Account maintained for each Member which reflects his share of the Fund attributable to Matching Contributions and, effective January 1, 2001, balances formerly credited to his Basic or Class Year Accounts (within the meaning of those terms under the Plan previously in effect), together with applicable Investment Adjustments.
Matching Account. Subject to Section 7.11, if a Member’s Matching Account has a Vested Percentage of 100%, he may elect, no more frequently than once in any twelve-month period nor more than twice in a sixty-month period, to withdraw from the Plan an amount in cash equal to one-half (1/2) of the balance of such Accounts.
Matching Account. Matching contributions (including any matching contributions made pursuant to Section 3.2(c)(ii)) shall be held in the Matching Account or USERRA Matching Account as applicable. The Matching Account and USERRA Matching Account will be invested in Company Stock or as directed by the Participant in increments of 1% in Company Stock, any of the investment funds made available to the Participants by the Committee, and/or if vested a Participant Loan. If a Participant fails to direct the investment of funds in these Accounts, the undirected assets will be invested in the age appropriate Pxxxxx Retirement Ready Fund or any successor fund.
Matching Account. After five (5) years of participation in the Plan (including participation in the DIP and the TESOP), a Participant may withdraw all of the vested balance of his Matching Account by filing a written notice with the Trustee. Effective July 1, 2006, amounts contributed to a Participant’s Matching Account on and after July 1, 2006 shall not be distributed to the Participant as an inservice withdrawal under this Section 6.
Matching Account. A Member may elect to withdraw from his Matching Account an amount in cash equal to one-half (½) of the Vested Percentage of the balance of such Account. Prior to November 11, 2009, such withdrawals from a Member's Matching Account may be made no more frequently than once in any twelve-month period nor more than twice in a sixty-month period. Effective November 11, 2009, an individual who became a Member on or after November 11, 2009 may only make a withdrawal under this Section 7.2.2 if he has been a Member for at least 60 months.
Matching Account. [Check ONE. "Full and Immediate Vesting" must be selected if the 2-year requirement for Matching Contributions is selected in Part VII.A.2.b.3.]
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. [X] Graded Vesting. YEARS OF SERVICE NONFORFEITABLE PERCENTAGE Less than 1 0% 1 0% 2 25% 3 50% [AT LEAST 20%] 4 75% [AT LEAST 40%] 5 100% [AT LEAST 60%] 6 100% [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.
Matching Account. [Check one. "Full and Immediate Vesting" must be selected if the 2-year requirement for Matching Contributions is selected in Part VII.A2.b.5.] a. [ ] STANDARD: Full and Immediate Vesting. 100% at all times. b. [x] Cliff Vesting. 100% after completion of 3 Years of Service [not to exceed 3].
Matching Account. The account maintained to record the participant’s share of matching contributions and income with respect to these contributions.
Matching Account. An Account established and maintained for a Participant with respect to his share of Matching Contributions and Forfeitures.
Matching Account. The vested and non-forfeitable interest in a Participant's Matching Account shall be determined by this Section 2.4.3.
