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.

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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.

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

Examples of Elective Account in a sentence

• Distributions from a Participant's Elective Account and Qualified Non-Elective Account are not permitted prior to age 59 1/2.

• Distributions from a Participant's Elective Account are limited to the portion of such account attributable to such Participant's Deferred Compensation and earnings attributable thereto up to December 31, 1988.

• 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.

• The amount by which Compensation is reduced shall be that Participant's Deferred Compensation and be treated as an Employer Elective Contribution and allocated to that Participant's Elective Account.

• 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 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 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 the Account established and maintained by the Administrative Committee for each Participant with respect to his total interest in the Plan resulting from the Employer’s Elective Contributions. A Participant shall always be fully vested in the balance in his Elective Account.

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) Provisions.

Elective Account means that portion of a Participant's Account to which Employer contributions funded pursuant to a salary reduction election are credited pursuant to section 4.2.

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 portion of the Elective Account attributable to Elective Contributions pursuant to Section 4.2 and any Qualified Non-Elective Contributions.

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 Elective Contributions.