Nonelective Contribution Account definition

Nonelective Contribution Account means the separate account established and maintained by the Administrator for each Participant with respect to the Participant’s total interest in the Plan resulting from Nonelective Contributions.

Nonelective Contribution Account means the portion of a Participant’s Account attributable to Nonelective Contributions and Earnings thereon.

Nonelective Contribution Account means an account established pursuant to paragraph (b) of Article VI with respect to Employer nonelective contributions made pursuant to Article V.

Examples of Nonelective Contribution Account in a sentence

• Qualified Matching Contributions shall be allocated to each Participant's Qualified Nonelective Contribution Account.

• Qualified Nonelective Contributions shall be allocated to each Eligible Participant's Qualified Nonelective Contribution Account.

• The Qualified Nonelective Contributions will be allocated to each eligible Participant's Qualified Nonelective Contribution Account in the ratio in which each eligible Participant's Compensation for the Plan Year bears to the total Compensation of all eligible Participants for such Plan Year.

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

• Such Qualified Nonelective Contribution shall be allocated to the Qualified Nonelective Contribution Account.

More Definitions of Nonelective Contribution Account

Nonelective Contribution Account means the account to which the Company’s Nonelective Contributions allocated to a Participant are credited pursuant to Section 8.1.

Nonelective Contribution Account means the account maintained for a Participant which is credited with Qualified Nonelective Contributions or Qualified Matching Contributions made on behalf of a Participant.

Nonelective Contribution Account means a subaccount of each Participant's Section 401(k) Account which reflects contributions on behalf of such Participant under Sections 3.1(b) and (c) (which shall be separately accounted for within this Account) and Section 3.10 (in the case of a Safe Harbor 401(k) Plan) and any forfeitures allocated thereto, as adjusted in accordance with Article 5.

Nonelective Contribution Account means the subaccount maintained to record any Nonelective Contributions made on behalf of the Participant pursuant to Sections 4.2 and 5.3, and any adjustments relating thereto.

Nonelective Contribution Account means the portion of a Participant's Account attributable to Nonelective Contributions and Earnings thereon.

Nonelective Contribution Account means the value of Nonelective Contributions made on behalf of Eligible Employees who are Nonhighly Compensated Employees accounted for in their Nonelective Contribution Account.

Nonelective Contribution Account means the account maintained to reflect the accrued benefit of the Participant attributable to his share of Nonelective Contributions. This account shall also reflect the Participant’s “Discretionary Account” balance (if any) transferred from the Kirschner Medical Corporation 401(k) Savings and Retirement Plan effective as of December 31, 1994.