Examples of Elective Contribution Account in a sentence

The Interest Factor shall be used to annuitize the Elective Contribution Account.
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 Elective Contributions by the Employer on behalf of an electing Employee shall be allocated to the Elective Contribution Account of such electing Employee as of each Valuation Date of the Plan Year to which the Elective Contribution pertains.
Excess Contributions shall be distributed from the Participant's Elective Contribution Account in proportion to the Participant's Elective Deferrals for the Plan Year.
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.

More Definitions of Elective Contribution Account

Elective Contribution Account shall be represented by the bookkeeping entries required to record (i) an Executive's Elective Contributions plus (ii) 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 Executive or any Beneficiary.

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

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 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 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 account of a Participant established and maintained in accordance with Section 4.1.

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.