Profit Sharing Contribution Account definition

Profit Sharing Contribution Account means the separate portion of each Participant’s Account which reflects the Employer’s contributions under Section 4.2 and forfeitures allocated thereto as adjusted in accordance with Article 7.

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Profit Sharing Contribution Account means the separate subaccount of a Participant’s Account to which any Profit Sharing Contributions and any income or loss thereon are credited.

Profit Sharing Contribution Account means the aggregate of any Basic Profit Sharing Contributions and Discretionary Profit Sharing Contributions, as adjusted, which the Company or a Participating Employer has contributed to the Thrift Trust for the benefit of a Member in accordance with section 5.2.

Examples of Profit Sharing Contribution Account in a sentence

A Participant's interest in his or her Employer Profit Sharing Contribution Account and Employer Matching Contribution Account shall be vested and nonforfeitable at Normal Retirement Date, death while in Service, Disability, upon termination (including a complete discontinuance of Employer Contributions) or partial termination of the Plan and otherwise only to the extent specified in the Adoption Agreement.
If a Participant has not been an Employee for 5 consecutive Plan Years, then his forfeitable interest (at such time) in his Annual Employer Contribution Account and his Profit Sharing Contribution Account shall be forfeited.
If a Participant, who is not fully vested in his Annual Employer Contribution Account or his Profit Sharing Contribution Account, terminates service and receives a distribution of the present value of his entire nonforfeitable interest, then his forfeitable interest therein shall be forfeited immediately.
Anything in (A) above to the contrary notwithstanding, but subject to (C) below, if a Participant’s employment by the Employer terminates because of his death or incurrence of a Disability, then his Annual Employer Contribution Account and his Profit Sharing Contribution Account shall be fully vested.
Upon and after a Participant’s attainment of Normal Retirement Age, if he is then in the service of the Employer or an Affiliate, he shall have a nonforfeitable right to his Annual Employer Contribution Account and Profit Sharing Contribution Account.

More Definitions of Profit Sharing Contribution Account

Profit Sharing Contribution Account means the Account maintained for a Participant to record his or her share of Profit Sharing Contributions made by a Participating Employer.

Profit Sharing Contribution Account means that portion of such Member's Account which evidences the value of Profit Sharing Contributions made on his behalf by an Employer under Plan section 4.13 or transferred from the Cullen/Frost Profit Sharing Plan, including any attributable gains and losses to the Trust Fund.

Profit Sharing Contribution Account means the record of amounts attributable to discretionary Employer contributions made pursuant to Section 4.3.1(c) and Addendum C and amounts, if any, transferred from or attributable to the individual’s profit sharing contributions account under the HNI Corporation Retirement Plan.

Profit Sharing Contribution Account means an Account established and maintained by the Administrative Committee or Trustee to hold a Participant’s account balance as of December 31, 2001 under the SAFECO Employees’ Profit Sharing Retirement Plan (which plan was merged into this Plan as of January 1, 2002) and profit-based contributions made to this Plan thereafter and any gains or losses of the Trust (other than Dividends) attributable thereto.

Profit Sharing Contribution Account means the portion of a Participant's Account consisting of Profit Sharing Contributions and forfeitures allocated pursuant to Section 7.01 and earnings thereon.

Profit Sharing Contribution Account means the separate portion of a Participant’s Account which reflects: (a) profit sharing contributions under Section 4.3; and (b) adjustments made in accordance with Article 7.

Profit Sharing Contribution Account means that part of the account maintained for a Participant to record his share of any prior Employer profit sharing contributions.