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

• 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.

• All withdrawals shall be on the basis of the Value of the Participant's Salary Reduction Contribution Account and Silver King Employee Contribution Account on the Valuation Date that is at least thirty (30) days after the request for withdrawal is made.

• If it is determined that as a result of the limitations set forth in this Section 6.2 the Annual Additions to a Member’s Account, Salary Reduction Contribution Account and Matching Contribution Account in this Plan must be reduced, such reduction shall be accomplished in accordance with the provisions of Section 6.1.

• Any amount that cannot be credited to the Participant’s Salary Reduction Contribution Account due to the foregoing limit shall be paid to the Participant in cash.

• The term of contract shall be for the specific dates of training that will be individually determined based on availability.

More Definitions of Salary Reduction Contribution Account

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 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 Sunburst Plan.

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 by the Administrative Committee for each Participant to reflect all Salary Reduction Contributions and Special Company Contributions made on behalf of the Participant and any earnings or losses on those Salary Reduction Contributions and Special Company Contributions.

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