Employer Securities Account definition

Employer Securities Account means the sub-account maintained for each Participant to hold the Participant’s share of Employer Securities (including fractional shares) held by the Plan, regardless of origin to the Plan or contribution source, including, without limitation, Employer Securities purchased and paid for by the Trust or contributed in kind by the Employer to the Trust, forfeitures of Employer Securities and stock dividends on Employer Securities. To the extent it holds Employer Securities the Dividend Account shall also be treated as part of the Employer Securities Account for all Plan purposes, including diversification under Section 6.6, but excepting vesting under Section 11.1.
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Employer Securities Account means a subaccount which may be established pursuant to section 6.2 with respect to amounts invested in common stock of the Company held within the Trust Fund.
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Employer Securities Account means a separate --------------------------- account maintained for each Participant and consisting of his allocable share of Employer Securities allocated to each Participant under the Plan.
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Examples of Employer Securities Account in a sentence

  • In making a forfeiture reduction under this Section 9.11, the Advisory Committee, to the extent possible, first must forfeit from a Participant's General Investments Account before making a forfeiture from his Employer Securities Account.

  • The Advisory Committee must maintain one Account designated as the Employer Securities Account to reflect a Participant's interest in Employer Securities held by the Trust and another Account designated as the General Investments Account to reflect the Participant's interest in the Trust Fund attributable to assets other than Employer Securities.

  • Contributions to the Participant Voluntary Contribution Account shall be invested exclusively in the Employer Securities Account.

  • Contributions to the Employer Non-Elective Contribution Account shall be invested exclusively in the Employer Securities Account.

  • Amounts in the Participant Rollover Account as of the Effective Date, including earnings and dividends thereon, may not be transferred between the General Investments Account and Employer Securities Account.


More Definitions of Employer Securities Account

Employer Securities Account means a subaccount established pursuant to section 7.2 of the Plan with respect to matching contributions and savings contributions invested in common stock of the Company held within the Publix Stock Fund, and adjustments thereto.
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Employer Securities Account means a subaccount established pursuant to section 7.2 with respect to matching contributions and Elective Deferrals invested in common stock of the Company held within the Publix Stock Fund, and adjustments thereto.
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Employer Securities Account means a subaccount which may be established pursuant to section 7.2 with respect to amounts invested in common shares of the Company held within the ESOP Company Stock Fund.
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Employer Securities Account means the Account maintained for each Participant to hold the Participant’s share of Employer Securities (including fractional shares) contributed in kind by the Employer to the Trust, forfeitures of Employer Securities, stock dividends on Employer Securities and Employer Securities acquired by the Trust pursuant to Participant investment direction.
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Employer Securities Account means a subaccount that may be established pursuant to section 7.2 with respect to amounts invested in common stock of the Company held within the Company Stock Fund.
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Employer Securities Account means an account established --------------------------- pursuant to paragraph (b) of Article VII with respect to ESOP Employer Contributions and/or ESOP Matching Contributions (and any ESOP Elective Contributions made to the Plan for payroll periods ending before January 1, 1996 and not credited to Participant Investments - ESOP Elective Contributions Accounts) invested by the Trustee in Employer Securities as required by paragraph (a) of Article III, and adjustments thereto.
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Employer Securities Account means an account established pursuant to Article VII(b) with respect to Employer contributions invested in Employer Securities, and adjustments thereto.
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