Company Match Account definition

Company Match Account means (i) that portion of a Participant’s Account Balance which is represented by the Participant’s aggregate 10% company match described in Section 3.7 of the Prior Plan, which was transferred to and is being held under the terms of this Plan, as well as any appreciation (or depreciation) specifically attributable to such matching amounts accumulated under the Prior Plan, plus (ii) the sum of the Participant’s Annual Company Match Amounts, plus (iii) amounts credited or debited in accordance with all the applicable crediting and debiting provisions of this Plan that relate to the Participant’s Company Match Account, less (iv) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Match Account.

Company Match Account means a CDP Account that is maintained to reflect any CDP Company Matching Credits credited on a CDP Participant’s behalf pursuant to Article V.

Company Match Account means a bookkeeping record established to receive a Participant’s Matching Contributions. The Pre-2005 Vested Company Match Account includes Matching Contributions recorded and vested as of December 31, 2004, and earnings thereon. The Post-2004 Company Match Account includes Matching Contributions recorded but not vested as of December 31, 2004, and all Matching Contributions recorded after December 31, 2004, and earnings thereon.

Examples of Company Match Account in a sentence

• A separate Annual Company Match Account shall be established and maintained for each Annual Company Match.

• Such Company matches credited to a Participant in respect of a Plan Year shall be referred to collectively as the Annual Company Match for that Plan Year and shall be credited to an Annual Company Match Account in the name of the Participant.

• If the Plan is terminated, participants will receive the amounts credited to their accounts and will automatically be fully vested in the Company Match Account regardless of the participant's years of service for vesting.

• When a participant becomes vested in a portion of his Company Match Account, the Company or any Affiliate employing the Participant will withhold from the Participant’s Base Annual Salary and/or Incentive compensation that is not deferred the Participant’s share of FICA and other employment taxes.

• The Participant shall be vested in the amounts credited to his or her Annual Deferral Account and Annual Company Match Account in respect of each given Plan Year as set forth in the Annual Deferral Agreement pertaining to such Plan Year.

More Definitions of Company Match Account

Company Match Account means the record of amounts attributable to contributions made by Participating Employers on behalf of Participants pursuant to Section 4.5, by way of partial matching of contributions made to Participants’ 401(k) Accounts, together with Trust earnings with respect thereto.

Company Match Account means the subaccount maintained to record any Company Match Contributions made on behalf of the Participant pursuant to Sections 4.1 and 5.2, and any adjustments relating thereto.

Company Match Account means the Account described in Section 5.01(c).

Company Match Account means the Account established for each Participant to which the amounts described in Section 5.03 and the earnings thereon are credited.

Company Match Account means a Participant’s account into which shall be credited Company Matching Contributions, plus earnings thereon.

Company Match Account means the Account maintained for each Participant under each Investment Fund in which all or part of the Company Matching Contributions conditioned on certain Basic Contributions have been invested and adjusted from time to time as provided in section 9.3. This Account includes the former subaccount I relating to the value of contributions for periods before 1985 and having a December 31, 1989 grandfathered value (excluding any subsequent earnings and investment gains or losses thereon) that continues to be available for withdrawals under section 7.6, and also includes the former subaccount II relating to the value of contributions for periods after 1984, as such former subaccounts are described in the BR Plan.

Company Match Account means the CDP Account of a Participant that is maintained to reflect any match contribution made by the Company.