Participant's Account definition

Participant's Account is not meant to confer on the Participant any rights to his Account except as specifically provided in the Plan.) This Account is expressed in Units of the separate investment account described in section 2.

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Participant's Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan and Trust resulting from the Employer's Non-Elective Contributions. A separate accounting shall be maintained with respect to that portion of the Participant's Account attributable to Employer matching contributions made pursuant to Section 4.1(b) and Employer discretionary contributions made pursuant to Section 4.1(c).

Participant's Account means the account established in respect of each Participant pursuant to Clause 5.2.

Examples of Participant's Account in a sentence

• If a Participant under this Plan also participates in that other plan, the Advisory Committee will treat the amount the Employer contributes for or during a Plan Year on behalf of a particular Participant under such other plan as an amount allocated under this Plan to that Participant's Account for that Plan Year.

• If the Trustee purchases a combination of ordinary life insurance contract(s) and term life insurance or universal life insurance contract(s), then the sum of one-half of the premiums paid for the ordinary life insurance contract(s) and the premiums paid for the term life insurance or universal life insurance contract(s) may not exceed 25% of the Employer contributions allocated to any Participant's Account.

• The Trustee will not purchase any incidental life insurance benefit for any Participant prior to an allocation to the Participant's Account.

• Proceeds of insurance contracts paid to the Participant's Account under this Article XI are subject to the distribution requirements of Article V and of Article VI.

• The Trustee will maintain a segregated investment Account to the extent a Participant's Account is subject to Participant self-direction.

More Definitions of Participant's Account

Participant's Account means the book entry account established on behalf of Participant in accordance with Section 2.1 hereof.

Participant's Account means an account established by the Administrative Agent with respect to each Participant under the Plan pursuant to Section 9.4;

Participant's Account means a bookkeeping account established and maintained by the Employer to which (1) Salary Reduction Contributions, (2) Matching Contributions, (3) Nonelective Employer Contributions, and (4) Performance-Based Compensation shall be credited. A Participant’s Account includes the Participant’s Annual Sub-Account, if applicable.

Participant's Account means the account established and maintained by the Administrator for each Participant with respect to such Participant's total interest under the Plan resulting from (a) the Employer's contributions in the case of a Profit Sharing Plan or Money Purchase Plan, and (b) the Employer's Non-Elective Contributions in the case of a 401(k) Profit Sharing Plan. Separate accountings shall be maintained with respect to that portion of a Participant's Account attributable to Employer matching contributions and to Employer discretionary contributions made pursuant to Section 12.1(a)(3).

Participant's Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan and Trust resulting from the Employer contributions.

Participant's Account has the meaning given to it in Schedule 2.

Participant's Account. The term Participant's Account means the aggregate balance in a Participant's Company Stock Account and Other Investments Account.