Nonelective Employer Contribution Account definition

Nonelective Employer Contribution Account means a bookkeeping account established by the Employer for each Participant to which Nonelective Employer Contributions shall be credited.
Sample 1Sample 2Sample 3
Nonelective Employer Contribution Account means the Account maintained to record a Participant’s allocations of Nonelective Employer Contributions, forfeitures, if any, and other adjustments as required under Article V of the Plan.
Sample 1Sample 2Sample 3
Nonelective Employer Contribution Account means the account maintained for a Participant recording the total Nonelective Employer Contributions on his behalf under Sections 5.4(f)(iii) and 5.5(f)(iii), adjusted as provided in Article VII.
Sample 1Sample 2

Examples of Nonelective Employer Contribution Account in a sentence

  • This is in contrast to the view of inhabitants and Feyenoord supporters that had severe critique on the financial feasibility, the mobility plan, and the reduced view (RTVRijnmond, 2018).

  • A Member shall not be entitled to receive a financial hardship distribution of any amount credited to his Qualified Nonelective Employer Contribution Account, or of any income that is allocable or credited to his Member's Salary Deferral Contribution Account.

  • A Participant or Inactive Participant who has first withdrawn the entire value of his Thrift Contribution Account may apply at any time to the Plan Administrator for a withdrawal of all or any portion of the fully vested Employer Contributions credited to his Employer Contribution Account; provided, however, that a Participant may withdraw such accounts from his Nonelective Employer Contribution Account only if he has been a Participant under the Plan for a period of not less than three (3) years.

  • The amount of the contribution to the Participant’s Nonelective Employer Contribution Account will equal the Nonelective Employer Contribution the Employee would have been entitled to under the Plan had the Employee not been on qualified military leave, reduced by the Nonelective Employer Contribution actually made on behalf of the Employee during the leave period.

  • As such, the Employer will contribute to the Trust, as soon as administratively practicable following the Participant’s death or Disability, (i) an amount determined under this Section as a contribution to the Participant’s Match Account and invested in accordance with Section 6.1 of the Plan, and (ii) an amount determined under this Section as a contribution to the Participant’s Nonelective Employer Contribution Account and invested in accordance with Section 6.1 of the Plan.

  • If a Participant dies on or after January 1, 2007 while performing qualified military service (as defined in Code Section 414(u)), the Participant will be 100 percent vested in his Nonelective Employer Contribution Account and his Match Account.

  • A robust system of ILC supports that assists transition and complements support to participants as well as providing support to non-participants and the community.

  • Notwithstanding anything contained herein to the contrary, in the case of a Participant who is not credited with an Hour of Service on or after the Effective Date, the nonforfeitable interest of such Participant in his Nonelective Employer Contribution Account or Match Account will be determined pursuant to the terms of the Plan in effect prior to the Effective Date.

  • Reference to a Participant's "Accounts" means the Before-Tax Savings Account, the Non-elective Employer Contribution Account and Rollover and Vested Transfer Account, if any, maintained in his name.

  • The principal amount of the loan shall be made on a pro-rata basis from the Member's Salary Deferral Contribution Account, Rollover Contribution Account, Employer Matching Contribution Account, and Qualified Nonelective Employer Contribution Account.


More Definitions of Nonelective Employer Contribution Account

Nonelective Employer Contribution Account means the separate, individual account established on behalf of a Participant to which Nonelective Employer Contributions, if any, 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.
Sample 1

Related to Nonelective Employer Contribution Account

  • 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 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.

  • Nonelective Contribution means an amount contributed by a participating

  • 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.

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

  • 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 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.

  • 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 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).

  • 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.

  • 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.

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

  • 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.

  • 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.

  • 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.

  • Qualified Nonelective Contribution (QNEC) means the Employer's contributions to the Plan that are made pursuant to Sections 12.1(a)(4), 12.5 and 12.7 or pursuant to any other Plan provision which provides for such contributions.

  • Elective Contribution means the Employer's contributions to the Plan of Deferred Compensation excluding any such amounts distributed as excess "annual additions" pursuant to Section 4.10(a). In addition, any Employer Qualified Non-Elective Contribution made pursuant to Section 4.6 shall be considered an Elective Contribution for purposes of the Plan. Any such contributions deemed to be Elective Contributions shall be subject to the requirements of Sections 4.2(b) and 4.2(c) and shall further be required to satisfy the discrimination requirements of Regulation 1.401(k)-1(b)(5), the provisions of which are specifically incorporated herein by reference.

  • 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.

  • 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.

  • Deferral Contribution means any contribution made to the Plan by the Employer in accordance with the provisions of Section 5.03.

  • 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 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.

  • 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:

  • Non-Elective Contribution means the Employer contributions to the Plan excluding, however, contributions made pursuant to the Participant's deferral election provided for in Section 4.2 and any Qualified Non-Elective Contribution used in the "Actual Deferral Percentage" tests.