Employer Discretionary Contribution Account definition

Employer Discretionary Contribution Account means the Account of a Participant that is maintained to reflect his share of Employer Contributions made on his behalf pursuant to Section 6.1 and earnings and losses thereon.

Employer Discretionary Contribution Account means: (i) the sum of the Employer Discretionary Contribution amounts (if any), plus (ii) Earnings thereon, less (iii) all distributions made to the Participant or his or her Beneficiary that relate to the Participant's Employer Discretionary Contribution Account, and tax withholding amounts deducted (if any) from said Account.

Employer Discretionary Contribution Account means the account by that name established for Participants pursuant to Section 4.4.

Examples of Employer Discretionary Contribution Account in a sentence

• Notwithstanding the foregoing, in the event of Separation from Service as a result of Normal Retirement Age, death, or in the event of Disability, the Participant's Employer Matching Contribution Account and Employer Discretionary Contribution Account shall be fully vested.

• A Participant's Deferral Account (if any), Employer Matching Contribution Account (if any), and Employer Discretionary Contribution Account (if any), shall be paid to the Participant or Beneficiary pursuant to a Permissible Payment Event, at the time described in Section 7.2 hereof.

• A Participant shall elect on the first Election Form that he or she delivers to the Plan Administrator pursuant to his or her Eligibility Date, the manner in which to receive payment of the Deferral Account, Employer Matching Contribution Account, and Employer Discretionary Contribution Account upon the occurrence of the Participant's Disability, death, or in the event of a Change in Control.

• An Employer Discretionary Contribution for any given year under this Section shall be credited to the applicable Participant's Employer Discretionary Contribution Account at such time or times established by the Plan Administrator in its sole discretion.

• Your Account will generally be divided into one or more of the following subaccounts, with each subaccount holding a different type of contribution: 403(b) Contribution Account, Roth Contribution Account, Matching Contribution Account, Rollover Account, and Employer Discretionary Contribution Account.

More Definitions of Employer Discretionary Contribution Account

Employer Discretionary Contribution Account means the Participant’s Employer Discretionary Contribution Account under the 401(k) Plan.

Employer Discretionary Contribution Account means the Account(s), if any, established under Section 5.1 to record vesting of Employer Discretionary Contributions and any earnings credited thereto.

Employer Discretionary Contribution Account means the Account(s) established to record Employer Discretionary Contributions and any earnings credited thereto.

Employer Discretionary Contribution Account means the separate account established in the name of a Participant pursuant to Article 6.2(a)(4) to record the Employer Discretionary Contributions on behalf of the Participant and the earnings, losses and expenses allocated thereto.

Employer Discretionary Contribution Account means an account established and maintained by the Employer to receive a Participant's share of Employer Discretionary Contributions to the Plan.

Employer Discretionary Contribution Account means the account established for each Participant for purposes of reflecting the Participant’s share of Discretionary Contributions under the Plan.

Employer Discretionary Contribution Account means the Account of a Participant that is maintained to reflect his share of Corporation contributions made on his behalf pursuant to Section 4.2 as adjusted pursuant to Article V.