Elective Account definition

Elective Account means the Elective Contributions made on behalf of a Member, and the income, losses, appreciation and depreciation attributable to such contributions.

Elective Account means the account established and maintained for each Participant with respect to his total interest in the Plan and Trust resulting from Employer Elective Contributions and Employer Non-Elective contributions which satisfy the Code Sections 401(k) (2) (B) and (C)

Elective Account means the memorandum account established and maintained by the Company for each Participant with respect to the Participant’s total interest in the Plan resulting from the Participant’s Base Salary Contributions, Incentive Contributions, Performance Share Contributions and/or RSU Contributions plus the earnings thereon.

Examples of Elective Account in a sentence

• Furthermore, any additional Employer contributions which are allocable to the Participant's Elective Account for a Plan Year shall be paid to the Plan no later than the twelve-month period immediately following the close of such Plan Year.

• Notwithstanding the above, pre-retirement distributions from a Participant's Elective Account shall not be permitted prior to the Participant attaining age 59 1/2 except as otherwise permitted under the terms of the Plan.

• A separate accounting shall be maintained with respect to that portion of the Participant's Elective Account attributable to such Elective Contributions pursuant to Section 4.2 and any Employer Qualified Non-Elective Contributions.

• A separate accounting shall be maintained with respect to that portion of the Participant's Elective Account attributable to Elective Contributions pursuant to Section 4.2 and any Employer Qualified Non-Elective Contributions.

• Notwithstanding the above, pre-retirement distributions from a Participant’s Elective Account shall not be permitted prior to the Participant attaining age 59 1/2 except as otherwise permitted under the terms of the Plan.

More Definitions of Elective Account

Elective Account means the portion of a Participant’s Account attributable to his Elective Contributions, as adjusted for investment gain and loss.

Elective Account means the account established and maintained by the Administrator for each Participant with respect to the Participant's total interest in the Plan and Trust resulting from the Employer Elective Contributions and any Employer Qualified Non-Elective Contributions. A separate accounting shall be maintained with respect to that portion of the Participant's Elective Account attributable to Employer Elective Contributions and Employer

Elective Account means, for each Participant, the portion of the Participant's Account attributable to Compensation electively deferred by the Participant pursuant to Section 3.1 below.

Elective Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan and Trust resulting from the Elective Contributions. A separate accounting shall be maintained with respect to that

Elective Account means the account created to hold amounts attributable to the Participant’s total interest in the Plan and Trust resulting from the Elective Contributions used to satisfy the “Actual Deferral Percentage” tests. The Participant’s Elective Account may consist of a Pre-Tax Elective Deferral Account and a Roth Elective Deferral Account. Unless specifically stated otherwise, any reference to a Participant’s Elective Account will refer to both of these Accounts. A separate accounting shall be maintained with respect to that portion of the Participant’s Elective Account attributable to such Elective Contributions and any Employer Qualified Non-Elective Contributions.

Elective Account. An Account established and maintained for a Participant for accounting purposes with respect to his Elective Deferrals.

Elective Account means the portion of a Participant’s Account attributable to his Elective Contributions, as adjusted for investment gain andloss.