Discretionary Contributions Account definition

Discretionary Contributions Account means the Subaccount recording Discretionary Contributions made to the Plan on behalf of the Participant pursuant to Section 5.2, as adjusted for allocations of Earnings, distributions and other factors affecting the value of such Subaccount.
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Discretionary Contributions Account of a Participant shall mean his individual account in the Trust Fund established in accordance with Section 5.2(c).
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Discretionary Contributions Account means the Account of a Participant to which are credited any Discretionary Contributions allocated to the Participant in a given Plan Year under Section 3.1(a) of this Plan.
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Examples of Discretionary Contributions Account in a sentence

  • First, the Employer will contribute to your Employer Discretionary Contributions Account amounts it would have contributed to the Employer Discretionary Contributions Account had you been employed by the Employer during your period of your military service.

  • If a contribution is made, you may receive an allocation if:− you are employed on the last day of the Plan Year; and− you completed 1,000 Hours of Service with the Employer during the Plan Year (special rules for counting 1,000 hours apply if you are transferred to a Related Employer during the Plan Year).The Employer Discretionary Contribution, if any, will be made to your Employer Discretionary Contributions Account in the calendar year following the end of the applicable Plan Year.

  • A Participant shall be entitled, by filing a written request with the Director, to withdraw all or a portion of the balance, if any, in the following Accounts in the order listed and subject to the condition that any amounts withdrawn be 100% vested: Voluntary Contributions Account, Rollover Contributions Account, Matching Contributions Account, and Discretionary Contributions Account.

  • A Discretionary Contributions Account will be maintained on behalf of each Accountholder who is allocated any Discretionary Contributions under the Plan or who succeeds to any such amounts.

  • Each Participant shall have a fully vested and nonforfeitable interest in his or her Elective Contributions Account, Matching Contributions Account and Discretionary Contributions Account at all times.

  • A Participant’s Discretionary Contributions shall be credited to the Discretionary Contributions Account as of the time selected by the Committee.

  • In addition, you may also owe a 10% penalty on an early distribution if you are under 59½ when you file your annual income tax return.After age 59½, you may withdraw all or part of your Participant 401(k) Contributions Account and the vested portion ofyour Employer Discretionary Contributions Account and Employer Discretionary Matching Contributions Account, regardless of your employment status.If you would like to make a withdrawal, please contact the Record Keeper for more information.

  • No amounts from the Participant’s Discretionary Contributions Account or the Earnings credited to the Participant’s Elective Deferral Contributions Account may be withdrawn under this 7.1.

  • It is suggested that those adopting the country program approach take time to clearly align their individual project activities into the overall results framework.

  • Each Participant shall have a vested and nonforfeitable interest in his or her Matching Contributions Account and Discretionary Contributions Account as provided in Section 9.3. A reemployed Employee's period of qualified military service (as defined in Section 4.8) shall be taken into account as required by law for purposes of determining the nonforfeitability of contributions made on behalf of such individual under the Plan.


More Definitions of Discretionary Contributions Account

Discretionary Contributions Account means an account established pursuant to section 6.2 with respect to Discretionary Contributions.
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Discretionary Contributions Account means the account maintained on behalf of each Participant which will represent the amount of the Deferral Contributions made on behalf of such Participant pursuant to Section 4.3 of the Plan.
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Discretionary Contributions Account which shall reflect a Participant's interest in contributions made by a Plan Sponsor under Plan Section 3.4; a Participant's interest, if any, in his Company Account under the Marcliff Savings Plan; and a Participant's interest, if any, in his Company Discretionary Contributions Account under the Banner Plan.
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Related to Discretionary Contributions Account

  • Discretionary Contribution means the contribution made by the Employer on behalf of a Participant as described in Section 4.4(b).

  • 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.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • 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.

  • 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.

  • 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.

  • Voluntary Contributions means voluntary amounts contributed by a member or participating member into a health reimbursement account. However, to the extent required by applicable law, voluntary amounts shall not be contributed through a salary reduction election under a cafeteria plan pursuant to section 125 of the internal revenue code, 26 USC 125.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • 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.

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • Employer Contributions means the amount transferred by an employer to a funding account or a health reimbursement account.

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Discretionary Account means a Personal Account in which you have completely turned over decision-making authority to a professional money manager (who is not a Family Member or not otherwise covered by this Code) and you have no direct or indirect influence or control over the account. (Such Discretionary Accounts are often referred to as “professionally managed,” “controlled” or “managed” accounts.)

  • 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 Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • 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.

  • 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 Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • 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.

  • Matching Contributions means local cash and/or in-kind contributions made by the Subrecipient, subcontractor, or other local resources that qualify as match for the Contract funding.

  • Company Contributions means the contributions made by the Company pursuant to Section 3.3.

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

  • Participant’s Account means an account maintained for each Participant’s participation in DSUs and/or RSUs under the Plan;