Common use of Separate Accounts Clause in Contracts

Separate Accounts. The Plan Administrator or its agent shall establish a separate recordkeeping account for each Participant showing the fair market value of his or her Plan benefits. Each Participant's account may be separated for recordkeeping purposes into the following sub-accounts:

Appears in 7 contracts

Samples: Prototype Defined Contribution Plan, Prototype Defined Contribution Plan, Prototype Defined Contribution Plan (1st Constitution Bancorp)

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Separate Accounts. The Plan Administrator or its agent shall establish a separate recordkeeping account for each Participant showing the fair market value of his or her Plan benefits. Each Participant's ’s account may be separated for recordkeeping purposes into the following sub-accounts:

Appears in 6 contracts

Samples: Participation Agreement (Sterling Chemicals Inc), Prototype Defined Contribution Plan (Georgetown Bancorp, Inc.), Prototype Defined Contribution Plan (Old Dominion Freight Line Inc/Va)

Separate Accounts. The Plan Administrator or its agent shall establish a separate recordkeeping account for each Participant showing the fair market value of his or her Plan benefits. Each Participant's ’s account may be separated for recordkeeping purposes into the following sub-accounts: Employer contributions:

Appears in 3 contracts

Samples: Prototype Defined Contribution Plan (Fraternity Community Bancorp Inc), ASB Bancorp Inc, Century Bancorp Inc

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Separate Accounts. The Plan Administrator or its agent shall establish a separate recordkeeping account for each Participant showing the fair market value of his or her Plan benefits. Each Participant's account may be separated for recordkeeping purposes into the following sub-accounts: Employer contributions:

Appears in 1 contract

Samples: Nonstandardized Adoption Agreement (Banctrust Financial Group Inc)

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