Elective Contribution Account definition

Elective Contribution Account. An Account established and maintained for a Participant to account for the Elective Contributions made on his behalf.

Elective Contribution Account means an account established pursuant to paragraph (b) of Article VI with respect to contributions made under salary reduction arrangements pursuant to Article V.

Examples of Elective Contribution Account in a sentence

A Participant shall at all times be one hundred percent (100%) vested and have a nonforfeitable interest in his Elective Contribution Account, Qualified Non-Elective Contribution Account, Voluntary Account and Segregated Account.
The Interest Factor shall be used to annuitize the Elective Contribution Account.
Excess Contributions attributable to Qualified Non-Elective Contributions shall be distributed from the Participant's Qualified Non-Elective Contribution Account only to the extent that such Excess Contributions exceed the balance in the Participant's Elective Contribution Account.
In the event the Director is removed for Cause at any time prior to reaching his Benefit Age, he shall be entitled to receive the balance of his Elective Contribution Account, measured as of the date of removal.
Excess Contributions shall be distributed from the Participant's Elective Contribution Account in proportion to the Participant's Elective Deferrals for the Plan Year.

Elective Contribution Account shall be represented by the bookkeeping ----------- entries required to record a Director's Elective Contributions plus accrued interest, equal to the Interest Factor, earned to date on such amounts. However, neither the existence of such bookkeeping entries nor the Elective Contribution Account itself shall be deemed to create either a trust of any kind, or a fiduciary relationship between the Bank and the Director or any Beneficiary.

Elective Contribution Account means an Account to which Elective Contributions are allocated.

Elective Contribution Account means an Elective Contribution Account or Employer Special Share Account maintained for a Participant to record his Elective Contributions and adjustments thereto. “Elective Contribution Account” means the account maintained for a Participant to record his Elective Contributions to Plan and adjustments thereto. “Employer Special Share Account” means the account maintained for a Participant to record his interest, if any, in New MacDermid Stock that was converted from stock previously held under the elective deferral account of the Plan’s employee stock ownership plan feature in connection with the elimination of that feature prior to the Effective Date.

Elective Contribution Account means the portion of a Participant’s Individual Account consisting of the Elective Contribution allocated to such Participant pursuant to Section 5.4 (Allocation of Employer Contributions), together with Adjustments thereto, plus, in the case of an ATK Plan Participant or UGS Plan Participant, the amount of elective contributions that are transferred to this Plan on behalf of such Participant as a result of the mergers of the ATK Plan and the UGS Plan into this Plan as well as any such contributions that are made to this Plan pursuant to Section 1.4 for the 2002 plan year.

Elective Contribution Account means the portion of a Participant's Individual Account consisting of the Elective Contribution allocated to such Participant pursuant to Section 5.4 (Allocation of Employer Contributions), together with Adjustments thereto.

Elective Contribution Account means an account established on the books of the Trust for the purpose of recording Pre-Tax Elective Contributions and Designated Xxxx Contributions made on behalf of a Participant pursuant to Article 4 and any income, expenses, gains, or losses incurred thereon.

Elective Contribution Account means, for any Participant, the account described in Section 7.1 to which Elective Contributions for the Participant's benefit (and earnings attributable thereto) are credited.