Qualified Matching Contribution Account definition

Qualified Matching Contribution Account means the account established hereunder to which Qualified Matching Contributions are allocated. Amounts in the Qualified Matching Contribution Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e).

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Qualified Matching Contribution Account means the separate account established and maintained by the Administrator for each Participant with respect to the Participant’s total interest in the Plan resulting from Qualified Matching Contributions. Amounts in the Qualified Matching Contribution Account are nonforfeitable when made and are subject to the distribution restrictions of Section 4.2(d).

Examples of Qualified Matching Contribution Account in a sentence

If the Employer makes any Qualified Matching Contributions to the Plan, the Plan Administrator shall establish a Qualified Matching Contribution Account for each Participant.
Hardship distributions are NOT permitted from a Participant's Qualified Nonelective Contribution Account (including any 401(k) Safe Harbor Contributions) or Qualified Matching Contribution Account.
The Employer shall designate, at the time the contribution is made, whether the contribution made pursuant to this provision shall be a Qualified Matching Contribution allocated to a Participant's Qualified Matching Contribution Account or an Employer Non-Elective Contribution allocated to a Participant's Non-Elective Account.
Distributions from a Participant's Elective Deferral Account, Qualified Matching Contribution Account and Qualified Non-Elective Account (including 401(k) Safe Harbor Contributions) are subject to restrictions and generally may not be distributed prior to age 59 1/2.
Excess Contributions shall be distributed from the Participant's Qualified Nonelective Contribution Account only to the extent that such Excess Contributions exceed the balance in the Participant's Elective Deferral Account and Qualified Matching Contribution Account.

More Definitions of Qualified Matching Contribution Account

Qualified Matching Contribution Account means the account maintained to record separately a Participant’s allocation of a Qualified Matching Contribution, and other adjustments as required under Article IV, V or X of the Plan.

Qualified Matching Contribution Account means the Account maintained to reflect the Qualified Matching Contributions made by the Employer on behalf of a Participant and the investment experience, expenses and distributions pertaining thereto.

Qualified Matching Contribution Account means so much of a Participant’s Account as consists of amounts attributable to Qualified Matching Contributions allocated to such Participant’s Account, including all earnings and gains attributable thereto and reduced by all losses attributable thereto, all expenses chargeable there against and by all withdrawals and distributions therefrom.

Qualified Matching Contribution Account means the sub-account of a Participant’s Account to which his or her Qualified Matching Contributions are allocated.

Qualified Matching Contribution Account means the Account used to record the Eligible employee's interest in the Plan attributable to Qualified Matching Contributions.

Qualified Matching Contribution Account means the account maintained to reflect the accrued benefit of the Participant attributable to (i) his share of Qualified Matching Contributions, and (ii) his qualified matching contributions, if any, that are transferred to the Plan from the Irwin Mortgage Corporation Retirement and Profit Sharing Plan in accordance with Section 4.10.

Qualified Matching Contribution Account means the Account to --------------------------------------- which are credited Qualified Matching Contributions and gains and losses thereon.