Salary Deferral Contribution Account definition

Salary Deferral Contribution Account which shall reflect a Participant’s interest in contributions made by a Plan Sponsor under Plan Section 3.1.

Salary Deferral Contribution Account means a bookkeeping entry maintained by the Plan Administrator for each Participant who has elected to make Salary Deferrals in which shall be recorded the Salary Deferrals and Qualified Nonelective Contributions to be allocated on the Participant’s behalf under Articles III and IV, adjustments for allocations of income or loss, distributions and all other information affecting the value of such account.

Salary Deferral Contribution Account means the separate account of a Participant established and maintained in accordance with Section 3.5.

Examples of Salary Deferral Contribution Account in a sentence

• The Committee or its designee shall allocate the Salary Deferral Contribution among the Participants by allocating to each Participant the amount by which his Considered Compensation was reduced pursuant to a salary deferral agreement (as described in Section 3.01) and shall credit each such Participant's share to his Salary Deferral Contribution Account.

• The Committee shall allocate the Catch-up Salary Deferral Contribution among the Participants by allocating to each Participant the amount by which his Considered Compensation was reduced pursuant to a salary deferral agreement under Section 3.02 and shall credit each such Participant's share to his Catch-up Salary Deferral Contribution Account.

• The Committee shall allocate the Salary Deferral Contribution among the Members by allocating to each Member the amount by which his Considered Compensation was reduced pursuant to a salary deferral agreement (as described in Section 3.01) and shall credit each such Member's share to his Salary Deferral Contribution Account.

• The Committee shall allocate the Catch-up Salary Deferral Contribution among the Participants by allocating to each Participant the amount by which his Considered Compensation was reduced pursuant to a salary deferral agreement under Section 3.02 and shall credit each such Participant’s share to his Catch-up Salary Deferral Contribution Account.

• In accordance with procedures established by the Committee, each Member and former Member may designate the percentage of his Employer Matching Contribution Account, QNEC Account, Rollover Contribution Account and Salary Deferral Contribution Account to be invested in each investment fund available under the Plan.

More Definitions of Salary Deferral Contribution Account

Salary Deferral Contribution Account means the account maintained for each Participant for the purpose of recording any Salary Deferral Contributions allocated to the Participant, as adjusted for earnings and losses allocated thereto.

Salary Deferral Contribution Account means the individual account for a Participant to record the Salary Deferral Contributions and which is credited for such Account’s Earnings pursuant to Article 4.

Salary Deferral Contribution Account means the record of assets held by the Trustee for an individual Participant or Beneficiary pursuant to the provisions of the Plan, derived from Salary Deferral Contributions, and earnings on those contributions.

Salary Deferral Contribution Account means that portion of the Participant’s Account attributable to the Salary Deferral Contributions made on the Participant’s behalf by a Participating Employer as adjusted for withdrawals and distributions and the earnings, losses and expenses attributable thereto.

Salary Deferral Contribution Account means the account established for a Participant under Section 4.1(i).

Salary Deferral Contribution Account means the balance credited to the individual account of the Participant to reflect his interest in the Trust Fund that is attributable to his Salary Deferral Contributions to the Plan. If applicable, the Salary Deferral Contribution Account shall be divided into such subaccounts as are required to reflect the Participant's interest in the various Investment Funds, as described in Section 5 hereof.

Salary Deferral Contribution Account means the account maintained for a Participant to record contributions made on his behalf by the Employer pursuant to a salary deferral agreement described in Section 4.1 and adjustments relating thereto.