Employee Contribution Account definition

Employee Contribution Account means the Accounts maintained for a Participant to record his or her contributions to the Plan, including a Participant’s “Rollover Account” (but excluding accounts for Salary Deferral Contributions, which are considered employer contributions under the Act).

Employee Contribution Account means a sub-account of the Deferred Compensation Account, comprised of the Employee Contributions allocated to that sub-account and earnings and losses on that sub-account.

Employee Contribution Account means the account established for a Participant with respect to his interest in the Plan resulting from the participant’s mandatory contributions made pursuant to Act 345, as modified by collective bargaining.

Examples of Employee Contribution Account in a sentence

• A Participant's Elective Deferral Account, After-Tax Employee Contribution Account and Rollover/Transfer Account, and all earnings, appreciations, and additions thereto, less any losses, depreciation, and distributions allocable thereto, shall be fully vested and nonforfeitable at all times.

• At Normal Retirement Date, or such other date when the Participant or the Participant's Beneficiary is entitled to receive benefits, the Qualified Voluntary Employee Contribution Account shall be used to provide additional benefits to the Participant or the Participant's Beneficiary.

• A Participant may, upon written request delivered to the Administrator, make withdrawals from such Participant's Qualified Voluntary Employee Contribution Account.

• Notwithstanding anything herein above to the contrary, amounts credited to a Participant's Qualified Voluntary Employee Contribution Account pursuant to Section 4.9, shall not be applied to the purchase of life insurance Contracts.

• A Participant may elect to withdraw, in cash, up to one hundred percent of the amount then credited to his Employee Contribution Account.

More Definitions of Employee Contribution Account

Employee Contribution Account means one of more of the following Accounts, which are funded by Employee Contributions, and are fully vested at all times.

Employee Contribution Account means the Pre-Tax Contribution Account, After-Tax Contribution Account, Catch-Up Contribution Account and Rollover Contribution Account.

Employee Contribution Account means the separate Account maintained to hold voluntary contributions made by a Participant to the Plan prior to January 1, 1988, increased by net gains and decreased by net losses and distributions therefrom, all in accordance with the provisions of the Plan.

Employee Contribution Account means the Account and subaccounts established for each Member and credited with his or her Employee Contributions, Rollover Contributions, additional amounts identified as contributions to subaccounts listed in Section 9.1(c) and earnings and losses attributable to such amounts.

Employee Contribution Account means either or both of a Participant's 401(k) Contribution Account and Thrift Contribution Account.

Employee Contribution Account means the sub-Account in the Participant's Account to which Employee Contributions are credited.

Employee Contribution Account means the account maintained for a Participant recording his total Employee Contributions, adjusted as provided in Article VII.