Employer Contributions Account definition

Employer Contributions Account. The Account established for a Participant pursuant to Section 3.8.2.
Employer Contributions Account means the Account maintained on behalf of a Participant to represent the amount of Employer Contributions credited on his or her behalf, as adjusted to account for deemed gains and losses, withdrawals and distributions.
Employer Contributions Account means the accounts established and maintained by the Administrator for each Participant with respect to his total vested and nonvested interests (including any earnings and losses attributable thereon) under the Plan resulting from Employer Nonelective Contributions and/or Employer Matching Contributions.

Examples of Employer Contributions Account in a sentence

  • Subject to any restoration allocation required under Section 5.04, the Advisory Committee will allocate and credit each annual nonelective contribution (and Participant forfeitures treated as nonelective contributions) to the Employer Contributions Account of each Participant who satisfies the conditions of Section 3.06, in accordance with the allocation method selected under this Section 3.04.

  • To make allocations under the Plan, the Advisory Committee must establish a Deferral Contributions Account, a Qualified Matching Contributions Account, a Regular Matching Contributions Account, a Qualified Nonelective Contributions Account and an Employer Contributions Account for each Participant.

  • 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.

  • The Employer Contributions Account of each Participant eligible to share in the allocation for a Plan Year shall be credited with a portion of the contribution, plus any forfeitures if forfeitures are reallocated to Participants, equal to the ratio that the Participant's Compensation for the Plan Year bears to the Compensation for that Plan Year of all Participants entitled to share in the contribution.

  • The Participant’s Employer Contributions Account attributable to such year, if any (as adjusted for gains and losses thereon), shall be distributed in the same manner as his Compensation Deferral Account for such year (or in a lump sum upon his Termination Date if no election has been made).


More Definitions of Employer Contributions Account

Employer Contributions Account means the account established and maintained by the Administrator for each Participant with respect to his total vested interest (including any earnings and losses attributable thereon) under the Plan resulting from Employer Discretionary Contributions and/or Employer Matching Contributions.
Employer Contributions Account means the Account recording Employer Contributions for a Participant, as provided in Section 7.1(a)(ii).
Employer Contributions Account means the account described in Section 4.3 of the Plan.
Employer Contributions Account means the account established for each Participant under this Plan pursuant to Section 4.01.
Employer Contributions Account means the account maintained by the Plan Administrator in the name of a Participant to record his interest in the Trust Fund represented by his share of Employer Contributions (other than Salary Deferral Contributions, Negative Election Contributions, Qualified Matching Contributions, Qualified Nonelective Contributions and all Safe Harbor Matching Contributions) and Forfeitures, and the increase or decrease in the net worth of the Trust Fund allocable thereto. The Employer Contributions Account shall be divided into the Profit Sharing Contributions Account and Matching Contributions Account if necessary to accommodate different vesting schedules under Schedule 17 of the Adoption Agreement.
Employer Contributions Account means an account established pursuant to section 7.2 with respect to contributions made as Employer Discretionary Contributions pursuant to section 6.4. A Participant's Employer Contributions Account shall include amounts previously credited