Profit Sharing Contribution Account definition

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 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.

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 partially-vested Member is a Member whose Vested Interest, determined under Section 6.07(a), in either his Company Matching Contribution Account or his Company Profit Sharing Contribution Account, or both, is less than 100%.

• A Member shall have a fully vested interest at all times (i) in his Member Accounts and (ii) in his Company Profit Sharing Contribution Account balance determined as of July 31, 1997.

• The Member's Company Profit Sharing Contribution, if any, shall be credited to a separate Company Profit Sharing Contribution Account.

• A Member who has completed at least two full Years of Service as of August 1, 1997 also shall be fully vested at all times (i) in his Company Matching Contribution Account and (ii) in his Company Profit Sharing Contribution Account determined at any time after July 31, 1997.

• 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.

More Definitions of Profit Sharing Contribution Account

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-based contributions to the Plan are discontinued for Plan Years beginning after December 31, 2007.

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 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 a Participant’s Individual Account attributable to (i) Profit Sharing Contributions allocated to such Participant pursuant to Section 3.4, and (ii) the Participant’s proportionate share attributable to his Profit Sharing Contribution Account, of the Adjustments, reduced by any distributions from such Account.

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 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 Account maintained for each Participant to which Basic Profit Sharing Contributions and Supplemental Profit Sharing Contributions are credited, together with the income and expenses and realized and unrealized gains and losses of the Trust Fund allocable thereto.