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).

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).

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(c).

Examples of Qualified Matching Contribution Account in a sentence

• The balance in each Participant's Elective Deferral Account, Qualified Matching Contribution Account and Qualified Nonelective Contribution Account shall be fully Vested at all times and, except as otherwise provided herein, shall not be subject to Forfeiture for any reason.

• Notwithstanding the above, distributions from the Participant's Elective Deferral Account, Qualified Matching Contribution Account and Qualified Nonelective Contribution Account pursuant to this Section shall be limited solely to the Participant's Elective Deferrals and any income attributable thereto credited to the Participant's Elective Deferral Account as of December 31, 1988.

• Qualified Matching Contributions (QMACs), and any Non-Safe Harbor Matching Contributions that are treated as QMACs, will be allocated to the Qualified Matching Contribution Account of each Eligible Participant for that Allocation Period.

• A Qualified Matching Contribution Account shall be maintained for a Participant's accrued benefit attributable to Qualified Matching Contributions.

• Excess Contributions shall be distributed from the Participant's Before Tax Contribution Account and Qualified Matching Contribution Account (if applicable) in proportion to the Participant's Before Tax Contributions and Qualified Matching Contributions (to the extent used in the ADP test) for the Plan Year.

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 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 provided for under the Plan.

Qualified Matching Contribution Account means an account established for the Participant pursuant to Article IV.