Elective Contributions Account definition

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

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Elective Contributions Account means the subaccount of the participant that is credited with elective contributions as provided in Section 2.1.

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)."

Examples of Elective Contributions Account in a sentence

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.
No part of a Participant's Elective Contributions Account shall be applied in satisfaction of the unpaid part of a loan to the Participant prior to the earlier of an event entitling the Participant or the Participant's Beneficiary to the payment of his Elective Contributions Account or the Participant's attainment of age 59 1/2.
However, no Participant may direct that any portion of his Elective Contributions Account or Rollover Account be invested in the Company Stock Fund before the effective date of the registration of the Company Stock to be held in the Company Stock Fund with the U.S. Securities and Exchange Commission.
A Participant shall be entitled to apply to the Director for a hardship distribution of all or a portion of such Participant's Elective Contributions Account balance, including only earnings on Elective Contributions credited to the Participant's Elective Contributions Account as of December 31, 1988, if any, valued as of the Valuation Date coincident with or next following the date on which the Director receives the Participant's application.
The Trustee shall establish an account (herein called an "Elective Contributions Account") for each Participant and shall thereafter maintain a record thereof.
All amounts allocated to a Participant's Elective Contributions Account, Discretionary Contributions Account, Voluntary Contributions Account, Qualified Nonelective Contributions Account, Qualified Matching Contributions Account or Rollover Contributions Account (a Participant's "Nonforfeitable Accounts") shall at all times be and remain 100% vested and nonforfeitable.
A withdrawal on account of hardship shall be limited to the amount of elective contributions allocated to the Elective Contributions Account, plus the income allocated to this account as of December 31, 1988.
Each Participant shall have the right to file with Company written directions (in the form designated by Company) that the contributions made for his Elective Contributions Account and Rollover Account shall be invested in one or more of the investment funds as may be selected by Company from time to time.
All such contributions shall be credited to the Participant’s Elective Contributions Account and shall be fully vested at all times and shall not be subject to forfeiture for any reason.
Upon attaining age fifty-nine and one-half (591/2), a Participant shall be entitled, by filing a written request with the Director, to withdraw all or a portion of the balance, if any, in his or her Elective Contributions Account.

More Definitions of Elective Contributions Account

Elective Contributions Account means the Account established for a Member to which Matched Elective Contributions, Unmatched Elective Contributions, and earnings thereon are credited.

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).

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.

Elective Contributions Account means the account established to record Elective Contributions authorized by Participants under the terms of this Plan.