Supplemental Benefit Account definition

Supplemental Benefit Account means the subaccount established as a bookkeeping account to reflect supplemental benefit allocations under Section 2.5, as adjusted by earnings under Article III, and as reduced by distributions under Article IV.
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Supplemental Benefit Account means an account established under a funded plan on behalf of a Plan Participant who also participates in such plan.
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Supplemental Benefit Account means the account established on behalf of a Supplemental Benefit Participant pursuant to Section 3.5.
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Examples of Supplemental Benefit Account in a sentence

  • This limitation shall not apply to the extent that its application would result in the payment of an after-tax benefit under the Plan and a Supplemental Benefit Account that is less than the benefit otherwise payable under Article III on an after-tax basis.

  • The amount payable in any month to a Participant or Beneficiary, under the Plan shall be reduced, but not below zero, by the Actuarial Equivalent of any amount paid or payable to the Participant for the month in question or a prior or future month from a Supplemental Benefit Account.

  • Such amount will be allocated to his Supplemental Benefit Account as of January 1, 2009 or the date otherwise determined by the Committee.

  • A Participant’s right to amounts in his Deferred Compensation Account and Supplemental Benefit Account will be fully vested at all times.

  • In determining the amount payable under Plan and from a Supplemental Benefit Account on an after-tax basis, the Committee shall make its determination using the maximum rates of federal, state, and local income taxes that are applicable to the Participant or Beneficiary.

  • The Plan may be amended, suspended or terminated at any time by the Company; provided, however, that no amendment, suspension or termination shall have the effect of impairing the rights of Participants or Beneficiaries with respect to the amount reflected in their Supplemental Benefit Account on or before the date of the amendment, suspension or termination.

  • The Account or the Supplemental Benefit Account, as the case may be, shall continue to be adjusted in accordance with Section 7.1 until it is fully paid to the Participant or Supplemental Benefit Participant or such participant’s Beneficiary.

  • These adjustments shall be made until the date the Account or Supplemental Benefit Account, as the case may be, is completely distributed, unless installment payments were elected pursuant to Section 8.2, in which case adjustments will cease as of the date of the Separation from Service of the Participant or Supplemental Participant, as the case may be.

  • Upon the death of a Participant, amounts credited to the Participant's Supplemental Benefit Account shall become nonforfeitable, and any unpaid amounts in his Supplemental Benefit Account and Employee Contribution Account shall be paid to the Participant's Beneficiary as soon as practicable after the Participant's death.

  • For purposes of the calculations in Section 3.01, the amount payable in any month to a Participant or Beneficiary, under the Plan, shall be reduced, but not below zero, by the Actuarial Equivalent of any amount paid or payable to the Participant for the month in question or a prior or future month from a Supplemental Benefit Account.


More Definitions of Supplemental Benefit Account

Supplemental Benefit Account means an account established under a funded plan on behalf of a Participant who participates in such plan provided the Participant cannot make elective contributions or deferrals to such funded plan.
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Supplemental Benefit Account means the account established on the Company’s financial ledgers on behalf of a Supplemental Benefit Participant to which his or her supplemental retirement benefits described in Section 5.1 and earnings thereon shall be credited.
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Related to Supplemental Benefit Account

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • Plan Benefit means the benefit payable to a Participant as calculated in Article V.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Supplemental Retirement Plan means (i) the Company’s Amended and Restated Supplemental Executive Retirement Plan, (ii) the Company’s Supplemental Management Retirement Plan, (iii) the Company’s Amended and Restated Top Hat Restoration Plan, and (iv) the Company’s Defined Contribution Restoration Plan.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • SERP Benefit means the benefit described in Section 5.1.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Accrued Benefit have the meanings specified in ERISA.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Individual Account Means the account established and maintained under this Plan for each Participant in accordance with Section 4.01.

  • Company Contributions means the contributions made by the Company pursuant to Section 3.3.

  • Supplemental Retirement Income Benefit means an annual amount (before taking into account federal and state income taxes), payable in monthly installments throughout the Payout Period. Such benefit is projected pursuant to the Agreement for the purpose of determining the Contributions to be made to the Retirement Income Trust Fund (or Phantom Contributions to be recorded in the Accrued Benefit Account). The annual Contributions and Phantom Contributions have been actuarially determined, using the assumptions set forth in Exhibit A, in order to fund for the projected Supplemental Retirement Income Benefit. The Supplemental Retirement Income Benefit for which Contributions (or Phantom Contributions) are being made (or recorded) is set forth in Exhibit A.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • SERP has the meaning assigned thereto in Section 5(c) hereof.

  • Deferred Retirement Date means, in the case of any Participant who continues in employment after his Normal Retirement Date, the first day of any month following his actual retirement.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.