Employer Profit Sharing Contributions Account definition

Employer Profit Sharing Contributions Account means that portion of such Member’s Account which evidences the value of the Employer Profit Sharing Contributions made on his behalf by an Employer, including the net worth of the Trust Fund attributable thereto.
Sample 1Sample 2
Employer Profit Sharing Contributions Account means the Account maintained for each Participant that is credited in accordance with Section 3.3 on behalf of each such Participant.
Sample 1Sample 2
Employer Profit Sharing Contributions Account means the Account established for a Participant to which shall be credited (a) Employer Profit Sharing Contributions and (b) the Account's proportionate share of any net investment gains determined in accordance with Article VIII. From said Account, its proportionate share of any net investment losses and expenses determined in accordance with Article VIII, and any benefit payments or withdrawals since the last Valuation Date shall be deducted. The Participant shall be vested in his Employer Profit Sharing Contributions Account in accordance with the schedule set forth in Article IX.
Sample 1

Examples of Employer Profit Sharing Contributions Account in a sentence

  • All of a Participant's Years of Service with the Employer shall be counted to determine the nonforfeitable percentage of his Employer Profit Sharing Contributions Account and/or his Employer Pension Contributions Account except those Years of Service excluded under item 7 of the Adoption Agreement.

  • Any amount which has been forfeited under the Plan during the Plan Year shall be used as described in this Section 3.9. Forfeitures during a Plan Year shall be allocated on the last day of that Plan Year to the Employer Profit Sharing Contributions Account of each Qualified Participant (as hereinafter defined).

  • The amount of forfeitures allocated to each Qualified Participant's Employer Profit Sharing Contributions Account shall equal that portion of the total allocable forfeitures that the Qualified Participant's Compensation for the Plan Year with respect to which the forfeitures are being allocated bears to the total Compensation of all such Qualified Participants for that Plan Year.

  • The Trustee shall post such amount to each First Day Participant's Before-Tax Contributions Account, Matching Contributions Account and Employer Profit Sharing Contributions Account, as appropriate, once the allocations under Section 4.15 above, are determined.

  • On the positive side, the Minister mapped out the path to reducing the budget deficit and did not raise taxes which is important for economic recovery.

  • Employer Profit Sharing Contributions Account" shall mean the Account opened up or maintained for a Participant (excluding a Nonemployee Participant) receiving Employer Profit Sharing Contributions or a Participant with transferred employee profit sharing contributions as provided for in Sections 2.1(c), 5.7 and 6.3.

  • The Trustee shall post such amount to each First Day Participant’s Before-Tax Contributions Account, Matching Contributions Account and Employer Profit Sharing Contributions Account, as appropriate, once the allocations under Section 4.15 above, are determined.

  • A Participant's interest in the Trust Fund, consisting of the Participant's Salary Reduction Contributions Account, Employer Matching Contributions Account, Qualified Matching Contributions Account, Employer Profit Sharing Contributions Account, Qualified Nonelective Contributions Account, Rollover Contributions Account, and such other Account(s) as the Administrator shall determine.

  • The Company shall open and maintain a separate Employer Profit Sharing Contributions Account for each Participant (excluding a Nonemployee Participant) in the Plan who is or has been allocated Employer Profit Sharing Contributions and each Participant whose interest in the qualified interest of his or her Employer engaged in a plan-to-plan transfer pursuant to Section 5.5.

  • Distributable Benefit" shall mean the Vested Interest of a Participant or an Eligible Employee with a Rollover Account in this Plan that is determined and distributable to him or her in accordance with the provisions of Article VIII and which shall include his or her Vested Interest in his or her Plan Account, Matching Contribution Account, Employer Profit Sharing Contributions Account, Rollover Account, if any, Prior Plan Transfer Account, if any, and Vested Prior Plan Transfer Account, if any.

Related to Employer Profit Sharing Contributions Account

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

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

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • Elective Contributions are amounts excludible from the Employee's gross income under Code Sections 125, 402(a)(8), 402(h) or 403(b), and contributed by the Employer, at the Employee's election, to a Code Section 401(k) arrangement, a Simplified Employee Pension, cafeteria plan or tax-sheltered annuity. The term "Compensation" does not include:

  • 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 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.

  • 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).

  • 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 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.

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • 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.

  • Nonelective Contribution means an amount contributed by a participating

  • 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.

  • Qualified Nonelective Contributions means contributions of the Plan Sponsor or an Affiliate, other than Matching Contributions or Elective Deferrals, which are 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 Code Section 401(k)(2)(B) and the regulations thereunder.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • 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.

  • 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.

  • 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.