Retirement Distribution Account definition

Retirement Distribution Account means the Account maintained for a Participant to which Share Awards, Performance-Based Compensation, Compensation Deferrals, Matching Contributions, Additional Company Contributions, Profit Sharing Contributions, and Supplemental Profit Sharing Contributions are credited pursuant to the Retirement Distribution Option.

Retirement Distribution Account means a distribution account described in Section 4.2.

Retirement Distribution Account means the Account maintained for a Participant to which Compensation Deferrals and Matching Contributions are credited pursuant to the Retirement Distribution Option.

Examples of Retirement Distribution Account in a sentence

• Notwithstanding the foregoing, a Participant shall not be entitled to allocate any deferrals to an In-Service Distribution Account for the two Plan Years preceding the Plan Year which includes the date on which such Account is to be distributed and such additional deferrals shall instead be allocated to the Retirement Distribution Account.

• If the distribution exhausts the In-Service Distribution Accounts, the Retirement Distribution Account may be accessed.

• The amount of any annual installment benefit payable in accordance with this Section shall equal (a) the value of such Retirement Distribution Account as of the Valuation Date immediately preceding the date on which such installment is paid, divided by (b) the number of annual installments remaining to be paid pursuant to the election of the Participant.

• The amount of any lump sum benefit payable in accordance with this Section shall equal the value of such Retirement Distribution Account as of the Valuation Date immediately preceding the date on which such benefit is paid.

• The remaining annual installments shall be paid not later than January 31 of each succeeding Plan Year in an amount equal to (i) the value of such Retirement Distribution Account as of the last business day of the immediately preceding Plan Year divided by (ii) the number of installments remaining.

More Definitions of Retirement Distribution Account

Retirement Distribution Account means the bookkeeping account maintained by the Company on behalf of each Participant with respect to any Deferred Amounts that the Participant elects to be distributed upon the Participant’s Termination of Employment following his or her Applicable Retirement Age in accordance with Section 6(a).

Retirement Distribution Account means the Account maintained for a Participant to which Deferred Compensation, Matching Deferred Compensation, and Nonelective Deferred Compensation are credited pursuant to the Retirement Distribution Option.

Retirement Distribution Account means the Account maintained for a Participant to which Deferred Compensation is credited pursuant to the Retirement Distribution Option.

Retirement Distribution Account means the account established and maintained under Section 5.01(b) of the Prior Plan, which, as of September 10, 2004, was merged into this Plan. No further contributions shall be made on a Participant’s behalf to the Retirement Distribution Account. If elected by the Participant pursuant to prior provisions of the Plan, the Retirement Distribution Account also shall include amounts transferred from the electing Participant’s Normal Distribution Account.

Retirement Distribution Account means the account maintained for a Participant to which Deferred Compensation and Company Contributions are credited and pursuant to which benefits are payable in accordance with Section 6(b).

Retirement Distribution Account means the Account maintained for a Participant to which Compensation Deferrals and Company Contributions are credited pursuant to the Retirement Distribution Option.

Retirement Distribution Account means the Account maintained for a Participant to which Compensation Deferrals are credited pursuant to the retirement distribution option described in Section 7.2, adjusted by deemed earnings or losses attributable to the Earnings Crediting Options selected by the Participant for such Account from time to time, and distributions and withdrawals from such Account.