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

  • With respect to a Participant who is employed by the Employer on or after July 1, 1999, such Participant’s Basic Matching Contribution Account and Additional Matching Contribution Account shall be 100% vested and nonforfeitable at all times.

  • 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.

  • 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 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 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.

  • Time for Crediting Company Matching Credits: 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 at 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 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 andin 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.

  • To the extent that a Participant or former Participant does not have a Nonforfeitable Interest in amounts credited to his Basic Matching Contribution Account, Supplemental Matching Contribution Account or Supplemental Contribution Account, he has a Forfeitable Interest in amounts credited to such accounts.

  • In accordance with rules and procedures established by the Plan Administrator, 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 591⁄2.

  • The Plan Administrator may direct the Trustee to accept from or on behalf of a Participant an eligible rollover distribution as defined in Section 402(c)(4) of the Code from the Ameren Retirement Plan; provided, however, such Participant must have, as of the date of the rollover, a balance in his or her Salary Reduction Account, Rollover Account, Basic Matching Contribution Account and/or Additional Matching Contribution Account.


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

  • 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.

  • 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 Contribution means Employer contributions made to this Plan or any other defined contribution plan by reason of Thrift Contributions or Elective Deferrals under this Plan.

  • Matching Contributions are contributions made by the Employer on account of elective deferrals under a Code Section 401(k) arrangement or on account of employee contributions. Matching contributions also include Participant forfeitures allocated on account of such elective deferrals or employee contributions.

  • 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.

  • 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.

  • 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.

  • Employer Contributions means all amounts paid into ASRS by an

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