Matching Contribution Account definition

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.
Matching Contribution Account means that portion of a Participant’s Account established to record Matching Contributions on behalf of a Participant. Matching Contributions shall be deemed to be invested in the Company stock, and a Participant shall not be permitted to elect a different Deemed Crediting Option for such Matching Contributions.
Matching Contribution Account means a bookkeeping account established by the Employer for each Participant to which Matching Contributions shall be credited.

Examples of Matching Contribution Account in a sentence

  • Excess Contributions shall be distributed from the Participant's Qualified Nonelective Contribution Account only to the extent that such Excess Contributions exceed the balance in the Participant's Elective Deferral Account and Qualified Matching Contribution Account.


More Definitions of Matching Contribution Account

Matching Contribution Account means an Account maintained pursuant to Subparagraph 8.01(b).
Matching Contribution Account means the portion of the Member’s Account attributable to Matching Contributions allocated to such Member.
Matching Contribution Account means the Account maintained to record the Matching Contributions calculated in accordance with Section 4.2 (Matching Contributions) on behalf of a Participant, as adjusted to reflect the rate of return on the hypothetical Investment Funds selected by the Participant in accordance with Section 6.4 (Investment Direction) and other credits or charges in accordance with this Plan. A Participant’s Matching Contribution Account shall be divided into subaccounts as determined by the EDCP Committee.
Matching Contribution Account means the bookkeeping account maintained for each Participant covered under this Appendix A to record the Excess Matching Contribution (as defined under the ITT Industries Excess Savings Plan) credited on such Participant’s behalf due to his deferral of Base Salary under this Plan.
Matching Contribution Account means that portion of a Participant’s Account established to record Matching Contributions on behalf of a Participant.
Matching Contribution Account means the Account maintained by the Plan Administrator for each Participant which is to be credited with the Matching Contributions allocated to the Participant and adjustments related thereto.
Matching Contribution Account means a record-keeping account established for the benefit of a Participant in which is credited Matching Contributions.