Elective Contributions Account definition

Elective Contributions Account means the Account of a Participant to which are credited any Elective Contributions allocated to the Participant each Plan Year under Section 3.1(b) of this Plan.
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Elective Contributions Account means an account established pursuant to section 6.2 with respect to contributions made to this Plan under salary reduction agreements pursuant to section 5.1. A Participant’s Elective Contributions Account shall include Additional Elective Deferral Contributions made to this Plan pursuant to section 5.2. In addition, a Participant’s Elective Contributions Account shall include amounts previously credited
Sample 1
Elective Contributions Account means an account established pursuant to section 7.2 with respect to contributions made to this Plan under salary reduction arrangements pursuant to section 6.1. A Participant's Elective Contributions Account shall include amounts previously credited to the "Participant's Elective Account" in this Plan under the terms of this Plan as in effect immediately before this Amendment and Restatement.
Sample 1

Examples of Elective Contributions Account in a sentence

  • Each Participant shall at all times and in all events be fully vested in his Elective Contributions Account, the Elective Contributions received by the Fund on his behalf, his Accumulated 401(k) Share and any other amount accrued in the Fund on his behalf.

  • The term “Accumulated 401(k) Share” means the combined vested account balances (including gains or losses) as of a specific Valuation Date of the Participant’s Elective Contributions Account, Matching Contributions Account, Rollover Contributions Account, After-tax Contributions Account and Designated Roth Contributions Account.

  • Loan repayments shall be applied to the Participant’s Accumulated 401(k) Share in the following order: 1) After-tax Contributions Account; 2) Rollover Contributions Account, 3) Matching Contributions Account; 4) Designated Roth Contributions Account; and 5) Elective Contributions Account and shall be invested in accordance with the Participant’s investment options then in effect.

  • The effectiveness of SEND provision will be measured using both qualitative and quantitative data.

  • A Participant may borrow from his Elective Contributions Account, Designated Roth Contributions Account, Matching Contribution Account (to the extent vested therein), Rollover Contributions Account and After-tax Contributions Account.

  • No partial withdrawal shall be permitted which is less than $500 (or, if the total value of the Elective Contributions Account, including earnings, is less than $500, which is less than such total value).

  • The Cooperative Education Program office will initiate the removal action, but it will only do that after written certification of failure is received from the participating company.

  • Withdrawals under this Section 7.3 shall be made in the following order: after-tax contributions held in the Participant's Closed Savings Account, the remaining balance of such Account, Elective Contributions Account, Rollover Contributions Account, Qualified Nonelective Contributions Account, vested Matching Contributions Account, and vested Profit-Sharing Contributions Account.

  • Elective Contributions under Article III(B) for any Plan Year shall, subject to the limitations of Paragraphs (D) and (E) of this Article IV, be credited to the Participant's Elective Contributions Account upon receipt by the Trustee not less frequently than monthly and in no event later than as of the Anniversary Date falling within such Plan Year.

  • The Contribution Agreement of a Participant who makes a withdrawal from his/her Elective Contributions Account pursuant to Section 7.2 shall be suspended as of the payroll period in which the withdrawal is made until the first day of the calendar quarter that is (i) for withdrawals made through December 31, 2000, at least 12 months after the date of withdrawal, and (ii) for withdrawals made in 2001 or later, the date six months after the date of withdrawal (or January 1, 2002 if later).


More Definitions of Elective Contributions Account

Elective Contributions Account means the subaccount of the participant that is credited with elective contributions as provided in Section 2.1.
Sample 1
Elective Contributions Account means the bookkeeping account under the 401(k) Plan to which are credited a Participant’s elective contributions, including designated Roth contributions, under a qualified cash or deferred arrangement, as defined in Treas. Reg. § 1.40l(k)-l(a)(4)(i).
Sample 1
Elective Contributions Account means the account established to record Elective Contributions authorized by Participants under the terms of this Plan.
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Elective Contributions Account means the Account established for a Member to which Matched Elective Contributions, Unmatched Elective Contributions, and earnings thereon are credited.
Sample 1
Elective Contributions Account means the account to which Elective Contributions are allocated. In the case of a Participant who had an account balance under the Thermo Ecotek Affiliates Retirement Savings Plan (hereinafter the "Thermo Plan") as of the date it merged into this Plan, such Participant's "Elective Contributions Account" shall include amounts, if any, allocated to the Participant's "Code Section 401(k) compensation reductions amounts" account under the Thermo Plan (as defined in Section 6.2 of the Thermo Plan as in effect on January 31, 2002)."
Sample 1
Elective Contributions Account means an account established pursuant to section 6.2 with respect to Elective Contributions made to this Plan under salary reduction arrangements pursuant to section 5.1(a).
Sample 1

Related to Elective Contributions Account

  • Elective Contribution means the Employer's contributions to the Plan of Deferred Compensation excluding any such amounts distributed as excess "annual additions" pursuant to Section 4.10(a). In addition, any Employer Qualified Non-Elective Contribution made pursuant to Section 4.6 shall be considered an Elective Contribution for purposes of the Plan. Any such contributions deemed to be Elective Contributions shall be subject to the requirements of Sections 4.2(b) and 4.2(c) and shall further be required to satisfy the discrimination requirements of Regulation 1.401(k)-1(b)(5), the provisions of which are specifically incorporated herein by reference.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Matching Contribution Account means that portion of a Participant’s Account established to record Matching Contributions on behalf of a Participant. Matching Contributions shall be deemed to be invested in the Company stock, and a Participant shall not be permitted to elect a different Deemed Crediting Option for such Matching Contributions.

  • Nonelective Contribution means an amount contributed by a participating

  • Qualified Nonelective Contributions means contributions other than Matching Contributions or Qualified Matching Contributions) made by the Employer and allocated to participants’ accounts that the participants may not elect to receive in cash until distributed from the Plan; that are nonforfeitable when made to the Plan; and that are distributable only in accordance with the distribution provisions (other than for hardships) applicable to Pre-Tax Contributions.

  • Qualified Matching Contributions means any Participating Employer Contributions to this Plan on behalf of Eligible Employees, provided that amounts attributable to such contributions are not distributable merely on account of the Employee’s hardship and are immediately vested.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Employer Contributions means the amount transferred by an employer to a funding account or a health reimbursement account.

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee's account under any plan of an Employer or a Related Company solely on account of "elective contributions" made on his behalf or "employee contributions" made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Non-Elective Contribution means the Employer contributions to the Plan excluding, however, contributions made pursuant to the Participant's deferral election provided for in Section 4.2 and any Qualified Non-Elective Contribution used in the "Actual Deferral Percentage" tests.

  • Matching Contributions means local cash and/or in-kind contributions made by the Subrecipient, subcontractor, or other local resources that qualify as match for the Contract funding.

  • Qualified Nonelective Contribution (QNEC) means the Employer's contributions to the Plan that are made pursuant to Sections 12.1(a)(4), 12.5 and 12.7 or pursuant to any other Plan provision which provides for such contributions.

  • Voluntary Contribution Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan resulting from the Participant's nondeductible voluntary contributions made pursuant to Section 4.12.

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • Employer Account The Participant's Matching 401(k) Contributions Account, Matching Thrift Contributions Account, Employer Contributions Account, Qualified Matching Contributions Account and Qualified Nonelective Contributions Account, as the case may be.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Matching Contribution means an Employer contribution made to this or any other defined contribution plan on behalf of a Participant on account of an Employee Contribution made by such Participant, or on account of a Participant's Elective Deferral, under a plan maintained by the Employer.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.