Employer Contribution Accounts definition

Employer Contribution Accounts means the portions of a Participant's Deferral Account

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Employer Contribution Accounts means the portions of a Participant's Deferral Account attributable to Employer Contributions credited on behalf of the Participant. References to a Participant's Employer Contribution Accounts

Employer Contribution Accounts means the portions of a Participant’s Deferral Account attributable to Employer Contributions credited on behalf of the Participant. References to a Participant’s Employer Contribution Accounts include the Participant’s QPSC Account, QPMC Account, and Employer Match Account as described in Section 7.1.2.

Examples of Employer Contribution Accounts in a sentence

Matching Contributions shall be determined in accordance with the formula specified in the Adoption Agreement, and shall be credited to the Employer Contribution Accounts of Participants who have satisfied the eligibility requirements for Matching Contributions specified in the Adoption Agreement.
Matching Contributions under this Plan shall be credited to such Participants’ Employer Contribution Accounts as soon as administratively feasible after the Applicable Period selected in the Adoption Agreement, but only with respect to Participants eligible to receive such Matching Contributions as described in the Adoption Agreement.
Employer Contributions other than Matching Contributions shall be discretionary from year to year, and shall be credited to the Employer Contribution Accounts of Participants who have satisfied the eligibility requirements for Employer Contributions, all as determined by the Employer and documented in writing, and such writings will form part of the Plan, as specified in the Adoption Agreement.
Participants may also forfeit 100% of their Matching and Employer Contribution Accounts (if applicable) under the following circumstances: [select any that apply]: x Misconduct (termination for Cause).
Forfeitures from all Employer Contribution Accounts shall be transferred to and maintained in a single Forfeiture Account, which shall be invested in interest bearing deposits of the Trustee.
Forfeitures from Employer Contribution Accounts shall be used, as elected by the Employer in the Plan Agreement, either to reduce other contributions required of the Employer, as specified in the Plan Agreement, or shall be reallocated as additional contributions by the Employer.
Participants may also forfeit 100% of their Matching and Employer Contribution Accounts (if applicable) under the following circumstances: [select any that apply]: ¨ Misconduct (termination for Cause).
The Employer shall contribute an amount equal to the product of the Earnings of all Qualified Participants and the Base Contribution Percentage, and the contribution shall be allocated as of the last day of the Plan Year among the Employer Contribution Accounts of all Qualified Participants in the ratio that the Earnings of each Qualified Participant bears to the Earnings of all Qualified Participants.
Effective as of March 1, 2010, all Marcole Employees (as defined in the Adoption Agreement dated as of January 25, 2005) who are Participants on March 1, 2010 and who have a severance from employment because of the closing of the Marcole location shall have a fully vested and nonforfeitable right to their Annual Employer Contribution Accounts and their Profit Sharing Contribution Accounts.
The Participant’s Employer Contribution Accounts with the balance of the Account being subject to actual investment as specified in 5.02(a).

More Definitions of Employer Contribution Accounts

Employer Contribution Accounts means the Accounts maintained to record amounts credited on behalf of a Participant under Sections 4.3, 4.4(b) and 4.5 and any additional amounts credited for investment earnings under Section 4.6.

Employer Contribution Accounts means either:

Employer Contribution Accounts. A Participant's vested and nonforfeitable interest in his Employer Nonelective Contribution Account and Employer Matching Contribution Account shall be determined at the time he separates from service and receives a distribution pursuant to the vesting schedule elected in the Adoption Agreement. Notwithstanding anything herein or in the Adoption Agreement to the contrary, any Employer Nonelective Contributions utilized in satisfying the ADP test specified in Code Section 401(k) and as set forth in Section 4.06 of this Plan and any Employer Matching Contributions utilized in satisfying the ACP test specified in Code Section 401(m) and as set forth in Section 4.09 of this Plan shall not be subject to e vesting schedule but at all times shall be fully vested and nonforfeitable. Such contributions, including earnings thereon, shall be maintained in separate accounts and shall be treated in the same manner as a Participant's Salary Reduction Contribution Account.