Examples of Deferral Subaccount in a sentence
Where appropriate, a reference to a Participant’s Account shall include a reference to each applicable Deferral Subaccount that has been established thereunder.
Basic Deferrals shall not be paid to the Participant, but shall be withheld from amounts otherwise payable to the Participant, and an amount equal to the Basic Deferrals for the Plan Year shall be credited to the Participant’s Basic Deferral Subaccount under the Plan.
An In-Service Distribution Date Election for any Deferral Subaccount may be amended only once.
A Participant’s Participation Account shall be divided into the following subaccounts, as applicable: the Pre-Tax Deferral Subaccount, the Roth Contribution Subaccount, the Eligible Deferred Compensation Plan Transfer Subaccount, the Rollover Subaccount and the Roth In-Plan Rollover Subaccount.
Such Bonus Deferrals and/or Performance-Based Compensation Deferrals shall not be paid to the Participant, but shall be withheld from the amounts otherwise payable to the Participant and credited to the Participant’s applicable Deferral Subaccount under the Plan.