Basic Matching Contribution Account definition

Basic Matching Contribution Account means a notional account maintained by the Company under which all Employer contributions under Section 4.4.1 shall be credited.
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Basic Matching Contribution Account means a notional account maintained under the Plan to which all Employer contributions under Section 4.5.1 shall be credited.
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Basic Matching Contribution Account means the Account maintained for a Participant under Section 4.1(ii).
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Examples of Basic Matching Contribution Account in a sentence

  • Notwithstanding the preceding, all contributions credited to a Participant’s “Employer Basic Matching Contribution Account” under the Prior Plan known as the Ameren Corporation Employee Long-Term Savings Plan – IUOE No. 148 shall be credited to his or her Basic Matching Contribution Account and all contributions credited to a Participant’s “Employer Additional Matching Contribution Account” under such Prior Plan shall be credited to his or her Additional Matching Contribution Account.

  • The Employer will contribute to the Plan an amount equal to the applicable amount as specified on Schedule A, under the heading “Basic Matching Contribution.” Such contribution will be allocated to a Participant’s Basic Matching Contribution Account.

  • The Plan Administrator shall establish and maintain for each Participant a Salary Reduction Account, a Basic Matching Contribution Account, an Additional Matching Contribution Account, a Rollover Account, an ESOP Account, a CIPS ESOP Account and a CILCO After-Tax Contribution Account, as applicable.

  • In accordance with rules and procedures established by the Company, a Participant in the employment of the Employer may withdraw all or any part of his or her Salary Reduction Account and all or any part of the vested portion of his or her Basic Matching Contribution Account or Additional Matching Contribution Account if the Participant has attained age 59½ .

  • The amount of Company Matching Credits to be credited to the Matching Account of the Participant shall be credited by the Committee to the Participant’s Matching Account as of the same time and in the same manner as Matching Contributions are credited to the Participant’s Employer Basic Matching Contribution Account and Employer Supplemental Matching Contribution Account under the Savings Plan.

  • The Employer will contribute to the Plan an amount equal to the applicable amount as specified on Schedule A, under the heading “Basic Matching Contribution.” Such contribution will be allocated to the Basic Matching Contribution Account.

  • The Company shall establish and maintain for each Participant a Salary Reduction Account, a Basic Matching Contribution Account, an Additional Matching Contribution Account, a Rollover Account, an ESOP Account, a CIPS ESOP Account and a CILCO After-Tax Contribution Account, as applicable.

  • The AES Stock Fund shall consist of all amounts attributable to the Salary Reduction Account, Basic Matching Contribution Account, Rollover Account and CILCO After-Tax Contribution Account which Participants have directed shall be held in such AES Stock Fund under the Prior Plan known as the CILCO Savings Plan.

  • The Company shall establish and maintain for each Participant a Salary Reduction Account, a Basic Matching Contribution Account, an Additional Matching Contribution Account, a Rollover Account, an ESOP Account, a CIPS ESOP Account and a CILCO After- Tax Contribution Account, as applicable.

  • These rights are awarded by the State and are monopoly rights meaning there by that no one can use these rights without the consent of the right holder.


More Definitions of Basic Matching Contribution Account

Basic Matching Contribution Account means the Participant’s account which holds Basic Matching Contributions made to a Participant under Article VI, as adjusted for earnings or losses thereon.
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Related to Basic Matching Contribution Account

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Matching Contribution means an Employer contribution made to this or any other defined contribution plan on behalf of a Participant on account of a Participant's Deferral Contribution.

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee's account under any plan of an Employer or a Related Company solely on account of "elective contributions" made on his behalf or "employee contributions" made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Company Matching Contributions means any contributions made to the Company Matching Account of a Participant by a Participating Employer as provided for in Section 4.02.

  • Matching Contributions means local cash and/or in-kind contributions made by the Subrecipient, subcontractor, or other local resources that qualify as match for the Contract funding.

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Voluntary Contribution Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan resulting from the Participant's nondeductible voluntary contributions made pursuant to Section 4.12.

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Employer Account The Participant's Matching 401(k) Contributions Account, Matching Thrift Contributions Account, Employer Contributions Account, Qualified Matching Contributions Account and Qualified Nonelective Contributions Account, as the case may be.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Deferral Contribution means any contribution made to the Plan by the Employer in accordance with the provisions of Section 5.03.

  • Employer Contributions means the amount transferred by an employer to a funding account or a health reimbursement account.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.