Deferral Credit Account definition

Deferral Credit Account means the bookkeeping account maintained in the name of the Employer, on behalf of each Participant, pursuant to Article 5.
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Deferral Credit Account means the bookkeeping account maintained in the name of the Employer, on behalf of each Participant, pursuant to Article 4.
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Deferral Credit Account means the account maintained in the name of the Employer, on behalf of each Participant, pursuant to Articles 5 and 6 hereof.
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Examples of Deferral Credit Account in a sentence

  • A Participant’s Deferral Credit Account may not be encumbered or assigned by a Participant or any beneficiary.

  • A Participant's Deferral Credit Account may not be encumbered or assigned by a Participant or any beneficiary.

  • With respect to Savings Benefits, all amounts credited to the Participant’s Deferral Credit Account shall be payable to the Participant’s surviving spouse, if any, as a Supplemental Surviving Spouse Benefit, in accordance with Sections 10.3 and 11.2.

  • If the Participant has a Separation from Service for any reason including death and Disability, the Participant’s Compensation Deferral Credit Account at the date of such separation shall be valued based on the last Valuation Date and shall be payable according to the provisions of Article 6.

  • Employer credits for Savings Benefits under the Plan shall be accounted for by the Employer under a Deferral Credit Account, maintained in the name of the Employer, on behalf of each Participant.

  • With respect to Savings Benefits, all amounts credited to the Participant’s Deferral Credit Account shall be payable in a single lump sum to the Participant’s surviving spouse, if any, as a Supplemental Surviving Spouse Benefit, unless an optional mode has been elected pursuant to Article 7.

  • Each Deferral Credit Account maintained by the Employer shall be credited with units on behalf of each Participant, as appropriate in accordance with the Section 6.1 Savings Benefit, as soon as administratively practicable, but in no event later than March 15 of the Plan Year following the Plan Year in which Basic Savings Plan contributions on behalf of the Participant were limited or restricted.

  • If the Participant terminates employment with the Employer for any reason, the Participant's Compensation Deferral Credit Account at the date of such termination shall be valued based on the last Validation Date and payable to the provisions of Article IV.

  • In Russia, IFC will contribute to increased diversification and competitiveness of the economy through infrastructure investment, support for value-added manufacturing, mid-tier, private sector banks reaching MSMEs and frontier regions, integrated investment and advisory programs promoting resource efficiency and mobilization.

  • The Savings Benefit payable to an eligible Participant, in accordance with Article 9, shall be equal to the value of all amounts credited to the Participant’s Deferral Credit Account, payable in accordance with the written Enrollment Agreement for deferral of compensation provided for in Section 4.4.

Related to Deferral Credit Account

  • Credit Account is modified to read “Grant Account”.

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

  • 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

  • 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.

  • frozen account means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person;

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Regular account means the account established for each active and inactive member un-

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).