Common use of Xxxx Elective Deferral Account Clause in Contracts

Xxxx Elective Deferral Account. The Xxxx Elective Deferral account is the required separate account maintained to record the contribution and withdrawal of a Participant’s Xxxx Contributions and other adjustments as required by the Plan. Forfeitures may not be allocated to a Xxxx Elective Deferral Account and no contributions other than designated Xxxx Elective Deferrals will be allocated. If elected in the Adoption Agreement, Direct Rollover contributions described in Code Section 402A(c)(3) are permitted to be allocated to the Xxxx Elective Deferral Account. Each Participant’s Xxxx Elective Deferral Account shall continue to be maintained and administered separately until it is completely distributed. Income, losses and other credits or charges must be separately allocated on a reasonable and consistent basis to the Participant’s Xxxx Elective Deferral Account and other accounts under the Plan to ensure that the Xxxx Elective Deferral account maintains a record of the Participant’s interest in the Plan.

Xxxx Elective Deferral Account. The Xxxx Elective Deferral account Account is the required separate account maintained to record the contribution and withdrawal of a Participant’s Xxxx Contributions and other adjustments as required by the Plan. Forfeitures may not be allocated to a Xxxx Elective Deferral Account and no contributions other than designated Xxxx Elective Deferrals will be allocated. If elected in the Adoption Agreement, Direct Rollover contributions described in Code Section 402A(c)(3) are permitted to be allocated to the Xxxx Elective Deferral Account. Each Participant’s Xxxx Elective Deferral Account shall continue to be maintained and administered separately until it is completely distributed. Income, losses and other credits or charges must be separately allocated on a reasonable and consistent basis to the Participant’s Xxxx Elective Deferral Account and other accounts under the Plan to ensure that the Xxxx Elective Deferral account Account maintains a record of the Participant’s interest in the Plan.