Employee Deferral Account definition

Employee Deferral Account means an Account maintained on the books of the Company or its designee to record the Employee Deferrals and Notional Earnings thereon of a Participant. An Employee Deferral Account may have such subaccounts as the Committee determines to be necessary or convenient.

Employee Deferral Account means the account which is maintained for each Participant to record (i) the Participant’s Deferral Contributions, minus any withdrawals and (ii) his or her share of the net income, or net losses, resulting from the investment in the Employee Deferral Account.

Employee Deferral Account which shall reflect credits to a Member's Account made on his or her behalf pursuant to Section 3.1, as adjusted to reflect other credits or charges.

Examples of Employee Deferral Account in a sentence

• Eligible participants may elect to defer a percentage of their compensation to be contributed to their Employee Deferral Account.

• The Participant shall elect the form of payment subdivision of his Employee Deferral Account related to the compensation deferred by a specific Deferred Compensation Election at the time his Deferred Contribution Election is filed for such deferral.

• The Participant shall elect the Benefit Commencement Date for the subdivision of his Employee Deferral Account related to the compensation deferred by a specific Deferred Compensation Election at the time his Deferred Contribution Election is filed for such deferral.

• A Participant’s rights to the balance in his Employee Deferral Account and, unless provided otherwise in Option 3(b)(3) of the Adoption Agreement, in his Predecessor Plan Account shall be fully vested and nonforfeitable at all times, and his Separation from Service shall not diminish the amount payable to the Participant or his Beneficiary.

• Upon 30 days written notice from submission of the necessary completed forms to the Plan Administrator and subject to the Plan Administrator’s approval, a Participant may withdraw all or part of his or her Deferral Contributions made as of the date of the withdrawal request, plus any earnings credited to the Employee Deferral Account as of December 31, 1988, to the extent necessary to meet a financial hardship.

More Definitions of Employee Deferral Account

Employee Deferral Account which shall reflect a Member's ------------------------- interest in contributions made by a Plan Sponsor under Plan Section 3.1.

Employee Deferral Account means such account as defined in Section 4.5 of the Plan.

Employee Deferral Account means the account maintained to record the Participant's Employee Deferrals and any other adjustments as required under Articles III, IV, or X of the Plan.

Employee Deferral Account means the separate account, if applicable, established on behalf of a Participant to reflect voluntary deferral contributions credited on his or her behalf. A separate Employee Deferral Account shall be established for each Plan Year beginning and after January 1, 2016.

Employee Deferral Account means any accounts maintained under the Plan for a Participant pursuant to Section 3.2.

Employee Deferral Account means the account which is maintained for each

Employee Deferral Account which shall reflect a Participant's interest in contributions made by a Plan Sponsor under Plan Section 3. 1.