Predecessor Account definition

Predecessor Account means the amount in a Participant's 1999 Plan Year deferred compensation account under the Chiquita Brands International, Inc. Deferred Compensation Plan or the American Produce Company Deferred Compensation Plan, as applicable, which such Participant elected to transfer to this Plan as of January 1, 2000, as adjusted for earnings or losses thereon in accordance with the provisions of Section Six of the Plan. The amounts allocated to a Participant's Predecessor Account shall be subject to all of the rules and procedures in this Plan which apply to a Participant's Deferral Contribution Account, except that all prior elections regarding the term of deferral and form of distribution of such 1999 Plan Year deferred compensation account shall remain in effect for purposes of this Plan. This amount shall not be considered a Deferral Contribution for purposes of the Basic Match Contribution, the Incremental Match Contribution, the Savings Plan Restoration Match Contribution or the Deemed Participation Match Contribution.

Predecessor Account means, with respect to an account established under subsection (1), the joint account established under the Development Charges Act, as it read on January 31, 1998, into which amounts were deposited that, under subsection (2), are required to be deposited into the account established under subsection (1); (“compte remplacé”)

Predecessor Account means the total amount in a Participant's deferral account and matching account under the Prior Plan as of December 31, 1991, as adjusted for earnings or losses thereon in accordance with the provisions of Section Six of the Plan.

Examples of Predecessor Account in a sentence

• There shall be maintained on behalf of each Participant a Basic Match Contribution Account, an Incremental Match Contribution Account, a Deferral Contribution Account, a Savings Plan Restoration Match Contribution Account, a Predecessor Account and, if applicable, a Deemed Participation Match Contribution Account.

• In addition, an Employee who enrolls in the Plan as of the Effective Date may elect, pursuant to such procedures as the Administrative Committee may determine, to have a Predecessor Account established on his behalf with respect to the 1999 Plan Year deferred compensation attributable to the Chiquita Brands International, Inc.

• For complaint inspections, the inspection reports and corrective action plans are posted within 1 to 2 weeks of completion of the investigation.

• The table also shows how the Predecessor Account’s performance compares with the returns on an index comprised of companies similar to those held by the Predecessor Account and by the Fund.

• All performance prior to July 7, 2016 represents actual trading of the Predecessor Account and has not been restated to reflect the estimated total annual operating expenses of the Fund, which, if reflected, would lower returns.

More Definitions of Predecessor Account

Predecessor Account means the total amount transferred from a Participant's predecessor account, if any, in the Manor Care Plan.

Predecessor Account means the amount in a Participant's 1999 Plan

Predecessor Account means the account established and maintained by the Administrator for each Participant with respect to his interest in the Plan prior to the effective date of this Amendment and Restatement. A Participant shall be 100% Vested in this account.

Predecessor Account means a Deferred Benefit Account established and maintained hereunder in accordance with Section 6.3 hereof.

Predecessor Account means the amount in a Participant’s 1999 Plan Year deferred compensation account under the Chiquita Brands International, Inc. Deferred Compensation

Predecessor Account means the total amount transferred from a Participant's predecessor account, if any, in the Sunburst Plan.

Predecessor Account means the Deferred Benefit Account that is funded by a Member’s interest determined under the Predecessor Plan in accordance with the provisions of Section 6.4 hereof.