Participant Contributions Account definition
Examples of Participant Contributions Account in a sentence
Participant Contributions will be allocated to the Participant Contributions Account of the contributing Participant.
Each Participant in the plan shall contribute to the Plan Trust Fund for each pay period to the credit of the Participant Contributions Account of such Participant, an amount equal to ten percent (10%) of such Participant's Compensation as defined in the Plan for such pay period.
Any Participant who is a “party in interest,” as defined under section 3(14) of ERISA, may make a request to borrow from his Participant Contributions Account and his Company Matching Contributions Account upon the terms and conditions hereinafter specified.
A Participant shall be fully vested and have a nonforfeitable interest in his Participant Contributions Account at all times.
A Participant may elect to withdraw ----------------------------------- from his After-Tax Participant Contributions Account at any time.