Employer Match Account definition

Employer Match Account means an Employer Contribution Account as described in Section 7.1.2 to which Employer Matching Contributions are credited.
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Employer Match Account means the bookkeeping account maintained for a Participant to record his or her Employer Match credits, together with earnings thereon credited pursuant to Section 5.3.
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Employer Match Account means that portion of a Member's Account that evidences the value of the matching contributions made to the PSI Energy, Inc. Employees' 401(k) Savings Plan before January 1, 1992, including any gains and losses of the Trust Fund attributable thereto;
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Examples of Employer Match Account in a sentence

  • Such Employer Match shall be credited to the Participant’s Employer Match Account not later than 30 days following the end of the payroll period to which such Employer Match relates.

  • For each Participant who enters into a salary reduction agreement, the Employer may contribute a matching contribution to the Participant’s Employer Match Account in such amount and at such time as the Employer may determine, in its Sole Discretion.

  • A Participant will become fully Vested in his or her Employer Contribution Accounts (the QPSC Account, the QPMC Account, and the Employer Match Account) upon attaining Retirement Age or upon the Participant's death, Disability, or termination of employment with an Employer for any reason within 24 months following a Change in Control.

  • The amount of the withdrawal may not exceed the Participant’s vested interest in the Participant’s Account as of the Valuation Date of the distribution reduced by the value of the Participant’s ESOP Employer Contribution Account, ESOP Employer Match Account, 401(k) Company Match Account, Personal Investment Account and Loan Account.

  • An ESOP Employer Match Account means the record of amounts attributable Matching Allocations or Minimum Matching Allocations under the Medtronic, Inc.

  • As of any Valuation Date prior to Termination of Employment, a Participant may make withdrawals from the Participant’s vested Accounts in the Plan (excluding the ESOP Employer Contribution Account, ESOP Employer Match Account, 401(k) Company Match Account, QNEC Accounts and the Personal Investment Account) but only for the purpose of enabling the Participant to meet a financial hardship.

  • For each Plan Year, the Employer shall credit to a Participant’s Employer Match Account an Employer Match equal to 50% of the amount of the Participant’s Total Compensation deferred pursuant to his or her Make-Up Election.

  • This portion, together with the vested portion of the ESOP Employer Contribution Account, ESOP Employer Match Account, 401(k) Company Match Account and Personal Investment Accounts determined in accordance with the vesting schedule set forth in 9.2.2 and 9.2.3 below, and Prior Plan Accounts determined in accordance with the vesting schedule applicable to such Accounts shall be distributed at the same time and same manner as described in Article X.

  • The Administrator shall maintain or cause to be maintained for each Participant an Account consisting of his or her Deferral Account and Employer Match Account.

  • The minimum amount that may be withdrawn under this provision is the lesser of $1,000 or the entire vested Account balance (excluding the ESOP Employer Contribution Account, ESOP Employer Match Account, 401(k) Company Match Account, Personal Investment Account and Loan Account).


More Definitions of Employer Match Account

Employer Match Account means the separate account, if applicable, established on behalf of a Participant to reflect Company matching contributions credited on his or her behalf. A separate Employer Match Account shall be established for each Plan Year beginning and after January 1, 2016.
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Employer Match Account means the bookkeeping account to which the Employer Match on behalf of a Participant and interest are credited pursuant to Section 4 hereof.
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Employer Match Account means the separate account for each Participant which shall reflect a Participant’s Employer Matching Contributions.
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Employer Match Account. An account created to hold Employer Match Contributions or amounts transferred from the Bay State Gas Company Savings Plan for Operating Employees designated as "Employer Account" amounts thereunder.
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Related to Employer Match Account

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

  • 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.

  • 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.

  • 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 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.

  • 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.

  • 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

  • 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.

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

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

  • 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.

  • 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.

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

  • 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.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock 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.

  • 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.

  • 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.

  • Discretionary Contribution means the contribution made by the Employer on behalf of a Participant as described in Section 4.4(b).

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee's account under any plan of an Employer or a Related Company solely on account of "elective contributions" made on his behalf or "employee contributions" made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • Employee Account means any brokerage account or unit investment trust account in which the Van Kampen Employee has any direct or indirect beneficial ownership.

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • 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.

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

  • Individual Account Means the account established and maintained under this Plan for each Participant in accordance with Section 4.01.

  • 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.