Common use of Salary Deferral Account Clause in Contracts

Salary Deferral Account. The Plan Administrator shall establish a Salary Deferral Account for each Participant and for those Employees who are not otherwise Participants but for whose benefit Plan-to-Plan Transfers are made which include funds subject to the restrictions on distribution set forth in Code section 401(k)(2)(B).

Appears in 5 contracts

Samples: Basic Plan Document (Fairfax Financial Holdings LTD/ Can), 401(k) Plan Document (Metals Usa Inc), Adoption Agreement (Sonic Corp)

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