Employer Contribution Subaccount definition

Employer Contribution Subaccount means an account established by the Trustees for each Participant to receive allocations of Employer Contributions made to the Trust for Covered Employment under a Collective Bargaining Agreement.
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Employer Contribution Subaccount means the
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Employer Contribution Subaccount means for each Participant the portion of the Participant's Plan account to which the Employer makes matching contributions.
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Examples of Employer Contribution Subaccount in a sentence

  • The Committee shall maintain or cause to be maintained a Thrift Account for each Participant which shall consist of the following subaccounts: Basic Deposit Subaccount, Supplemental Deposit Subaccount and Employer Contribution Subaccount, the assets of which shall be invested as provided in Section 5.2 or pursuant to the direction of the Participant as provided in Article VI.

  • The Committee shall maintain or cause to be maintained a Savings Account for each Participant which shall consist of the following subaccounts: Basic Deposit Subaccount, Supplemental Deposit Subaccount and Employer Contribution Subaccount, the assets of which shall be invested as provided in Section 5.2 or pursuant to the direction of the Participant as provided in Article VI.

  • A non-vested terminated Participant who incurs one or more one-year Breaks in Service, whose Credited Service is not restored as provided in Section 2.5 before the Participant incurs five (5) consecutive one-year Breaks in Service will incur a Permanent Break in Service and forfeit permanently all amounts in the Participant’s Employer Contribution Subaccount.

  • After incurring one or more one-year Breaks in Service a Participant who is not yet vested in his or her Employer Contribution Subaccount shall be deemed a non- vested terminated Participant until such Participant earns 1 or more Hours of Service in a subsequent Plan Year, provided the Participant does so before incurring a Permanent Break in Service.

  • Notwithstanding Section 6.3(a) of this Plan, but subject to Section 6.3(b) of this Plan, this Section shall apply with respect to a Participant to the extent that his or her Prior Employer Contribution Subaccount under this Plan, or portion thereof, was subject to the qualified joint and survivor annuity requirements of Code Section 401(a)(11) under the Prior Plan.

  • For each Plan Year, the Committee shall credit an Employer Contribution to the Employer Contribution Subaccount of each eligible Participant equal to 6.2% of the excess, if any, of such Participant's Compensation for the Plan Year over the Social Security Wage Base for that year.

  • Read selections from Bentham’s An Introduction to the Principles of Morals and Legislation and Mill’s Utilitarianism.

  • For any Plan Year, the Plan may accept an Employer Contribution to a Participant’s Employer Contribution Subaccount made in accordance with policies and procedures established by the Department.

  • An account shall be established by the Administrator for each Participant with balances for the Savings Subaccount, Tax Deferral Subaccount, Employer Contribution Subaccount and, if applicable, Rollover Subaccount representing such Participant's interest in the investment funds.

  • The Participating Employers will contribute, for each Class ON Participant while an Active Participant whose Compensation for the Plan Year is not in excess of $66,000, a contribution of 1.5% of Compensation to the Participant's Regular Employer Contribution Subaccount.


More Definitions of Employer Contribution Subaccount

Employer Contribution Subaccount means that portion of a Participant's Account consisting of Employer profit-sharing contributions, as adjusted to reflect the investment gain (losses) and expenses attributable thereto and distributions made therefrom.
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Employer Contribution Subaccount means the subaccount in a member's plan account established under section 7(b)(2) of this chapter.
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Related to Employer Contribution Subaccount

  • 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 the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • 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.

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

  • 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.

  • 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.

  • 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.

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

  • 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.

  • 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

  • Company Matching Contributions means any contributions made to the Company Matching Account of a Participant by a Participating Employer as provided for in Section 4.02.

  • 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.

  • 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.

  • 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.

  • 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.

  • Matching Contribution means an Employer contribution made to this or any other defined contribution plan on behalf of a Participant on account of a Participant's Deferral Contribution.

  • 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.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • 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 Contribution means any contribution made to the Plan by the Employer in accordance with the provisions of Section 5.03.

  • 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.

  • Company Contributions means the contributions made by the Company pursuant to Section 3.3.

  • Participant’s Account means an account maintained for each Participant’s participation in DSUs and/or RSUs under the Plan;

  • 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.

  • Rollover Contributions means, for any Participant, his rollover contributions as provided in Section 7.1.