Deferred Compensation Account definition
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.
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. As permitted in the Adoption Agreement, the Deferred Compensation Account of a Participant may consist of one or more accounts. A Participant may elect payment options for each account as described in Section 7.1 and deemed investments for each account as described in Section 8.2.
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 Account or Education Account of the Participant, if applicable.
Examples of Deferred Compensation Account in a sentence
Upon termination, separation or retirement, unused earned sick time shall be converted to pay at the rate of one-half (1/2) day for one (1) sick day or converted to pay and contributed to the Employee's 457 Deferred Compensation Account at the rate of 100% (provided their annual contribution does not exceed the maximum allowable contribution as permitted by law).
Compensatory time may also be contributed to the Employee's 457 Deferred Compensation Account and/or Health Savings Account (provided their annual contribution does not exceed the maximum allowable contribution as permitted by law).
More Definitions of Deferred Compensation Account
Deferred Compensation Account means the separate Deferred Compensation Account established for each Participant pursuant to Section 4 of the Plan.
Deferred Compensation Account means the bookkeeping record established for each Non-Employee Director. A Deferred Compensation Account is established only for purposes of measuring a Deferred Benefit and not to segregate assets or to identify assets that may be used to pay a Deferred Benefit.
Deferred Compensation Account means the Prime Rate Investment Account, the Phantom Stock Investment Account, the Deferred Stock Account and/or the Stock Dividend Investment Account.
Deferred Compensation Account means an account established and maintained for each Participant in which is recorded the amounts of Awards deferred by a Participant, the deemed gains, losses and earnings accrued thereon and payments made therefrom all in accordance with the terms of the Plan.
Deferred Compensation Account means the separate account established under the Plan for each Participant, as described in Section 3.1.
Deferred Compensation Account means the account described in OAR 459-050-0001, but does not include any amount in the Self-Directed Brokerage Option.
Deferred Compensation Account means the participant’s individual account in the Deferred Compensation Plan as defined in ORS 243.401(5) that is made up of pre-tax employee contributions and earnings.