Prior Plan Account definition

Prior Plan Account means the separate account maintained for a Member to record such Member's share of the Trust Fund attributable to employer contributions to the plans described herein as Prior Plans.

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Prior Plan Account means the bookkeeping Account established under Section 3.4 on behalf of a Participant to reflect the amounts accrued by such Participant under the Prior Savings Plan as of December 31, 1997, and includes any deemed investment earnings credited thereon. “Prior Plan Deferred Account” means the portion of the Prior Plan Account attributable to the Participant’s deferrals plus deemed investment earnings thereon; and “Prior Plan Company Account” means the portion of the Prior Plan Account attributable to company credits plus deemed investment earnings thereon.

Prior Plan Account means that portion of the Trust Fund which, with respect to any Member or Deferred Member, is attributable to his “Prior Plan Account” under the ISP that was transferred from the ISP to the Plan, plus investment earnings and gains or losses.

Examples of Prior Plan Account in a sentence

A separate Account maintained for an individual attributable to his Rollover Contributions and balances formerly credited to his Prior Plan Account, together with applicable Investment Adjustments.
A Member’s interest in his Elective Account, Prior Plan Account and Rollover Account shall have a Vested Percentage of 100% and be nonforfeitable at all times.
A Member’s Elective Account, Loan Account, Matching Account, Prior Plan Account and Rollover Account, as applicable.
Each Prior Plan Account shall be invested in the same Directed Investment Accounts and/or Designated Funds in which it was invested immediately prior to the transfer date, if applicable.
A Participant’s Account will consist of the following sub-accounts, as appropriate: Employer Basic Contribution Account, Employer Transitional Contribution Account, Employee Elective Contribution Account, Employee Catch-up Contribution Account, Employer Matching Contribution Account, Rollover Contribution Account, Prior Profit Sharing Account, Prior Employee After-tax Contribution Account, Prior Employee Pre-tax Contribution Account, ISP Matching Contribution Account and Prior Plan Account.

More Definitions of Prior Plan Account

Prior Plan Account means the separate bookkeeping account to be kept for each Participant to reflect that portion of the Account (if any) attributable to an account maintained by an Employer on behalf of a Participant pursuant to any other unfunded nonqualified plan or contract of deferred compensation which was transferred to this Plan at the direction of the Committee.

Prior Plan Account means the bookkeeping account maintained by the Administrative Committee for each Participant that is credited with amounts equal to ( i) the accrued liability for benefits under any nonqualified plan of a Participating Company that is merged with or transferred to this Plan with the permission of the Board of Directors of the Company, and (ii) earnings and losses pursuant to Section 4.3.

Prior Plan Account means the separate account maintained for a Participant in which the Participant's account balance under the Prior Plan and related earnings are credited. The Trustee may establish one or more subaccounts within a Participant's Prior Plan Account to reflect the portion of such Prior Plan Account which is invested in one or more of the Investment Funds, in accordance with Section 7.3.

Prior Plan Account means the sub-account used to record a Participant’s interest in the Plan attributable to contributions made under a plan that were merged into this Plan that are not otherwise allocated to the other sub-accounts described in this Plan.

Prior Plan Account means any account established and maintained for amounts attributable to Employer contributions under another qualified plan and transferred to the Trustee in accordance with the applicable provisions of the ABA Members Pension Plan.

Prior Plan Account means the separate bookkeeping account of a Participant reflecting credit for the accrued benefit under the Prior Plan, together with income, gains and losses allocated thereto and less distributions made therefrom.

Prior Plan Account means the account maintained for the benefit of each Prior Plan Participant under the Prior Plan.