Salary Reduction Contribution Account definition

Salary Reduction Contribution Account means a bookkeeping account established by the Employer for each Participant electing to make a Salary Reduction Contribution under the Plan.

Salary Reduction Contribution Account means all the separate accounts maintained under the provisions of Article 9 to which are allocated, on behalf of a Member, contributions to the Trust under the provisions of Section 4.1 of the Plan as adjusted in accordance with the provisions of Section 9.3 of the Plan.

Salary Reduction Contribution Account means the account maintained for a Participant to record Salary Reduction Contributions made on his behalf by the Employer.

Examples of Salary Reduction Contribution Account in a sentence

• The Employer contributions that are made pursuant to a salary reduction agreement entered into with a Participant under Section 4.2 shall be allocated to the Participant's Salary Reduction Contribution Account as soon as possible following receipt by the Trustee.

• Except as otherwise provided in the Plan, each Member has a nonforfeitable right to amounts in his Account and Salary Reduction Contribution Account.

• Notwithstanding anything to the contrary, if, during the calendar year for which an excess deferral is made, a Member who would otherwise receive a distribution of such an excess deferral with its allocable share of income or loss receives a distribution of all of his Salary Reduction Contribution Account, such distribution shall be deemed to have been a distribution of such Member’s excess deferral and its allocable share of income or loss.

• If elected by the Employer in the Adoption Agreement, a Participant who has not attained his or her Normal Retirement Date may submit a request to the Administrator for a withdrawal of all or a portion of his or her Salary Reduction Contribution Account or Deferred Cash Contribution Account (but not earnings on such accounts after December 31, 1988).

• If a Member elects to make a hardship withdrawal from his Account and Salary Reduction Contribution Account, if any, pursuant to the provisions of Section 12.3 of the Plan, such Member’s Salary Reduction Contribution Basic Contributions, if any, shall be automatically discontinued effective for payments of Compensation first occurring for the pay period of such Member after the Sponsoring Company records such withdrawal.

More Definitions of Salary Reduction Contribution Account

Salary Reduction Contribution Account means the account maintained for a Participant reflecting the Salary Reduction Contributions allocated to such Participant pursuant to Paragraph A of Section Seven, as adjusted by earnings or losses thereon in accordance with the provisions of Section Six of the Plan. In addition, a Participant's Salary Reduction Contribution Account shall include all amounts transferred on behalf of such Participant from the Participant's corresponding salary reduction contribution account, if any, in the Manor Care Plan.

Salary Reduction Contribution Account means the separate account maintained pursuant to Section 7.03(a) hereof for Salary Reduction Contributions made on behalf of the Participant and the income, expenses, gains and losses attributable thereto.

Salary Reduction Contribution Account means the record of money and assets held by the Trustee for an individual Participant or Beneficiary pursuant to the provisions of the Plan, derived from Salary Reduction Contributions.

Salary Reduction Contribution Account means the account maintained for a Participant reflecting the Salary Reduction Contributions (if any) made on behalf of such Participant pursuant to the "cash or deferred arrangement" set forth in Paragraph A of Section Six together with the total amount in such Participant's Elective Account under the Prior Plan and/or in his Elective Account under the Manor Healthcare Plan immediately prior to the merger of that plan into this Plan, as adjusted by earnings or losses thereon in accordance with the provisions of Section Nine of the Plan. All amounts held in a Participant's Salary Reduction Contribution Account shall not be distributable to such Participant (or to his Beneficiary) before the earliest of:

Salary Reduction Contribution Account means the separate account maintained pursuant to Section 7.03(a) hereof for Salary Reduction Contributions made on behalf of the Participant and the income expenses, gains and losses attributable thereto.

Salary Reduction Contribution Account means the separate --------------------------------------- account maintained pursuant to Section 7.03(a) hereof for Salary Reduction Contributions made on behalf of the Participant and the income, expenses, gains and losses attributable thereto.

Salary Reduction Contribution Account means the Account to which Salary Reduction Contributions (together with earnings thereon) are credited.