Education Account definition

Education Account means a separate account to be kept for each Participant that has elected to take education distributions as described in Section 5.5. The Education Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.
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Education Account means a Deferred Benefit Account established pursuant to Section 4.1.
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Education Account is an In-Service Account which will be used by the Participant for educational purposes.
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Examples of Education Account in a sentence

  • The Committee shall also establish an In-Service or Education Account as a part of the Deferred Compensation Account of each Participant, if applicable.

  • Notwithstanding the foregoing, if a Participant incurs a Qualifying Distribution Event prior to the date on which the entire balance in the In-Service or Education Account has been distributed, then the balance in the In-Service or Education Account on the date of the Qualifying Distribution Event shall be paid as provided under Section 7.1 for payments on such Qualifying Distribution Event.

  • If the Employer designates in the Adoption Agreement that in-service or education distributions are permitted under the Plan, a Participant may designate in the Participation Agreement to have a specified amount credited to the Participant’s In-Service or Education Account for in-service or education distributions at the date specified by the Participant.

  • In no event may an in-service or education distribution of an amount be made before the date that is two years after the first day of the year in which such amount was credited to the In-Service or Education Account.

  • If the Employer designates in the Adoption Agreement that in-service or education distributions are permitted under the Plan, a Participant may designate in the Participation Agreement to have a specified amount credited to the Participant's In-Service or Education Account for in-service or education distributions at the date specified by the Participant.


More Definitions of Education Account

Education Account means a separate account to be kept for each Participant who has elected to take education distributions as described in Section 5.5. The Education Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.
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Education Account means an account opened by a member for the purpose of paying the education costs of a dependent child or children of the member, the amount in which shall be the sole property of the member;
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Education Account means a Deferred Benefit Account established for an Eligible Dependent of a Participant pursuant to Section 4.1.
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Education Account means a separate account to be kept for each Participant that can be divided into one or more Education Subaccounts as described in Section 6.4. The Education Account shall be established, adjusted for payments, credited with Salary Deferral Credits, and credited or debited for deemed investment gains or losses in the same manner and at the same time as such adjustments are made to the Deferred Compensation Account under Section 9 and in accordance with the rules and elections in effect under Section 9.
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Education Account means a separate account to be kept for each Participant who has elected to take education distributions as described in Section 5.5.
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Education Account. 4 2.12 "Effective Date" 4 2.13 "Employee" 5 2.14 "Employer" 5 2.15 "Employer Credits" 5 2.16 "Independent Contractor" 5 2.17 "In-Service Account" 5 2.18 "Normal Retirement Age" 6 2.19 "Participant" 6 2.20 "Participant Deferral Agreement" 6 2.21 "Participant Deferral Credits" 6 2.22 "Participating Employer" 6 2.23 "Performance-Based Compensation" 6 2.24 "Plan" 7 2.25 "Plan Administrator" 7 2.26 "Plan-Approved Domestic Relations Order" 7 2.27 "Plan Year" 9 2.28 "Qualifying Distribution Event" 9 2.29 "Retirement Account" 9 2.30 "Service" 9 2.31 "Service Bonus" 9 2.32 "Specified Employee" 10 2.33 "Spouse" or "Surviving Spouse" 10 2.34 "Student" 10 2.35 "Trust" 10 2.36 "Trustee" 10 2.37 "Unforeseeable Emergency" 10 2.38 "Years of Service" 11
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Education Account means a separate account to be kept for
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