Profit Sharing Plan Account definition

Profit Sharing Plan Account means the portion of the Participant’s Account which is not invested in Qualifying Employer Securities.
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Profit Sharing Plan Account means a Participant's Company contribution account, including earnings thereon, under the Banner's, a California corporation, dba Central Electric Profit Sharing Plan and any successor plan thereto.
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Examples of Profit Sharing Plan Account in a sentence

  • For purposes of the Plan, the “Hypothetical Investment Account” shall consist of an amount equal to the hypothetical value of the Participant’s Profit Sharing Plan Account, as hereinafter described.

  • A Participant’s Hypothetical Account shall consist of the beginning balance of Participant’s Profit Sharing Plan Account as of the Profit Sharing Plan’s most recent valuation date immediately preceding the Participant’s date of eligibility for participation in this Plan, as specified in the Participant’s Agreement.

  • The benefits and payments provided under this Plan are independent of any and all retirement benefits provided to the Participant from any other source, except that in determining the amount of the Participant's Accrued Benefit pursuant to Section 2(a), the value of the Participant's Profit Sharing Plan Account shall be taken into account as provided in Section 2(a).

  • The “entire amount” in such Member’s Account shall include any Savings Contributions, Rollover Amounts, amounts in the Profit Sharing Plan Account, ESOP Account and Employer Contributions to be made as of the Valuation Date preceding his termination of Service.

  • The “entire amount” in such Member’s Account shall include any Savings Contributions, Rollover Amounts, amounts in the Profit Sharing Plan Account, ESOP Account and Employer Contributions to be made as of the Valuation Date preceding or coincident with his termination of Service.

  • A Participant who has been credited with two Years of Service shall have a 25% vested interest in his New Matching Contribution Account, Discretionary Contribution Account, Pre-1997 Matching Contribution Account, Prior Metpath Plan Account, Prior Partnership Plan Account and Prior Profit Sharing Plan Account.

  • Consequently, when appropriate, a Member shall have an Employer Contribution Account, Pre-Tax Contribution Account, After-Tax Contribution Account, Profit Sharing Plan Account and Rollover Account in each such Investment Fund and the allocations described in Section 5.2 shall be adjusted in such manner as is appropriate to recognize the existence of the Investment Funds.

  • The Profit Sharing Plan Account and the ESOP Account shall retain the payment options provided under the Profit Sharing Plan and the ESOP.

  • Because Members have a choice of Investment Funds, any reference in this Plan to an Employer Contribution Account, Pre-Tax Contribution Account, After-Tax Contribution Account, Profit Sharing Plan Account or Rollover Account shall be deemed to mean and include all accounts of a like nature which are maintained for the Member under each Investment Fund.

  • Each Member may, in a form and manner prescribed by the Committee, direct that the total of the Contributions allocable to his Pre-Tax and After-Tax Contribution Accounts, Employer Contribution Account, Profit Sharing Plan Account and Rollover Account, if any, and the earnings and accretions thereon, be invested in such percentages (in increments of ten percent (10%) of the total of all Accounts) as he may designate among the Investment Funds.

Related to Profit Sharing Plan Account

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • Plan Account means the account established for each Participant pursuant to Section 8(a).

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Matching Contribution means an Employer contribution made to this or any other defined contribution plan on behalf of a Participant on account of a Participant's Deferral Contribution.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Company Matching Contributions means any contributions made to the Company Matching Account of a Participant by a Participating Employer as provided for in Section 4.02.

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • Matching Contributions means local cash and/or in-kind contributions made by the Subrecipient, subcontractor, or other local resources that qualify as match for the Contract funding.

  • Retirement fund means the "Washington law enforcement

  • Employer Contributions means the amount transferred by an employer to a funding account or a health reimbursement account.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • Employer Account The Participant's Matching 401(k) Contributions Account, Matching Thrift Contributions Account, Employer Contributions Account, Qualified Matching Contributions Account and Qualified Nonelective Contributions Account, as the case may be.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Individual Account Means the account established and maintained under this Plan for each Participant in accordance with Section 4.01.

  • Thrift Plan means the Financial Institutions Thrift Plan, a qualified and tax-exempt defined contribution plan and trust under Sections 401(a) and 501(a) of the Code, as adopted by the Bank.

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • Participant Contributions means contributions made by the Participant pursuant to an executed Pay Reduction Agreement subject to the Participant Contribution limits contained in Article III.

  • Participant’s Account means an account maintained for each Participant’s participation in DSUs and/or RSUs under the Plan;