Salary Reduction Account definition

Salary Reduction Account means an Employee's Salary Reduction contributions, related Employer matching contributions, and investment gains and losses therefrom.

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Salary Reduction Account means the Account to which are credited a Participant’s Salary Reduction Contributions, including his Catch-Up Contributions, adjustments for withdrawals and distributions, and the earnings, losses and expenses attributable thereto.

Salary Reduction Account means the separate bookkeeping account to be kept for each Participant to which Salary Reduction Credits shall be credited.

Examples of Salary Reduction Account in a sentence

Each Party expressly disclaims all other warranties and representations, whether express, implied or statutory.
Upon a Participant's application, the Plan Administrator may approve a hardship withdrawal for a Participant from his or her Salary Reduction Account, provided the Participant meets the criteria set forth below.
Each Member's salary reduction contributions, as adjusted for investment gain or loss and income or expense, constitute such Member's Salary Reduction Account.
Salary Reduction Contributions made on behalf of each Participant shall be paid by the Company to the Trustee as soon as practicable after the end of each pay period with respect to which each contributions were withheld and allocated to such Participant’s Salary Reduction Account as of the end of each such pay period or as soon as administratively practicable.
The Committee shall establish a `Salary Reduction Account' on behalf of each participant who elects to have Salary Reduction Amounts contributed to the plan on his behalf.

More Definitions of Salary Reduction Account

Salary Reduction Account means a notional account maintained by the Company under which all amounts by which an Employee elects to have his or her salary reduced under Section 4 on a pre-tax basis or as a Roth elective deferral shall be credited.

Salary Reduction Account means the account established to record Salary Reduction Accruals authorized by Participants under the terms of this Plan.

Salary Reduction Account means that portion of a Participant's Account to which Employer contributions funded pursuant to the Participant's compensation deferral election are credited pursuant to section 4.2.

Salary Reduction Account means the portion of the Member's Accrued Benefit derived from contributions made under subsection 4(a) hereof and the corresponding provisions of the Plan as heretofore effective, adjusted as provided in subsection 4(c).

Salary Reduction Account means a notional account maintained by the Company under which all amounts by which an Employee elects to have his or her salary reduced under Section 4 shall be credited.

Salary Reduction Account means the account established pursuant to Section 4.1(a), below, to which the Participant’s Salary Reduction Contributions are allocated.

Salary Reduction Account means the portion of the Member's Accrued Benefit derived from contributions made under subsection 4(a) hereof and