Supplemental Contribution Account definition

Supplemental Contribution Account means, for each Plan Year, (i) the sum of all of a Participant’s Supplemental Contributions, plus (ii) amounts credited in accordance with all the applicable crediting provisions of the Plan that relate to the Participant’s Supplemental Contribution Account, less (iii) all distributions made to the Participant or to the Participant’s Beneficiary pursuant to the Plan that relate to the Participant’s Supplemental Contribution Account.

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Supplemental Contribution Account means the account maintained on the books of account of the Employer for each Participant pursuant to Section 5.3. Separate Supplemental Contribution Accounts shall be maintained for each Participant. The Supplemental Contribution Account shall be utilized solely as a device for measurement and determination of the amount to be paid to the Participant pursuant to this Plan. A Participant’s Supplemental Contribution Account shall not constitute or be treated as a trust fund of any kind.

Supplemental Contribution Account means the Account established for a Participant to record Supplemental Contributions and supplemental contributions made under the terms of a Prior Plan and transferred to this Plan, as adjusted for gains, including earnings, and losses.

Examples of Supplemental Contribution Account in a sentence

Each Participant shall be entitled to withdraw a portion or all of his After-Tax Contribution Account and his Nonforfeitable Interest in his Matching Contribution Account and his Supplemental Contribution Account.
A person who is deemed to have received a distribution under Section 6.02 (because he had no Nonforfeitable Interest in amounts credited to his Matching Contribution Account and his Supplemental Contribution Account) will be deemed to have repaid amounts credited to his Matching Contribution Account and his Supplemental Contribution Account upon his reemployment if he is reemployed before the earlier of the dates specified in clauses (1) and (2) in the preceding sentence.
Financial hardship distributions will be made in the following order: First withdrawals will be made from the Participant’s After-Tax Contribution Account, then from his Rollover Contribution Account, then from his Matching Contribution Account, then from his Supplemental Contribution Account, then from his Salary Deferral Contribution Account, and finally, from his Catch-up Salary Deferral Contribution Account.
Also, a Participant may make a withdrawal of a portion of his Nonforfeitable Interest in his Matching Contribution Account and his Supplemental Contribution Account only if the Participant has been a Participant in this Plan for five or more years or the amounts withdrawn from the Matching Contribution Account and his Supplement Contribution Account have been credited to his Account for a minimum of two years.
A Participant or former Participant has a fully Nonforfeitable Interest in amounts credited to his Matching Contribution Account and his Supplemental Contribution Account when he (a) attains his Normal Retirement Age on or prior to his Separation From Service, (b) incurs a Separation From Service due to death or (c) incurs a Separation From Service due to Disability.

More Definitions of Supplemental Contribution Account

Supplemental Contribution Account means, for any Participant, the unfunded plan recordkeeping account described in Section 7.01 to which Supplemental Contributions for the Participant’s benefit (and earnings attributable thereto) are credited under the Plan.

Supplemental Contribution Account means, for each Plan Year, (i) the sum of all of a Participant's Supplemental Contributions, plus (ii) amounts credited in accordance with all the applicable crediting provisions of the Plan that relate to the Participant's Supplemental Contribution Account, less (iii) all distributions made to the Participant or to the Participant's Beneficiary pursuant to the Plan that relate to the Participant's Supplemental Contribution Account.

Supplemental Contribution Account means any one of the accounts so designated and provided for in Section 6.01(q).

Supplemental Contribution Account means the account credited with a Participant’s Supplemental Contributions.

Supplemental Contribution Account means the account main- tained by the plan to record the supplemental contributions of each member, including interest and adjustments to the account;

Supplemental Contribution Account means the account, including any sub-accounts, established and maintained on the books of the Company for a Participant for purposes of reflecting any Company Supplemental Contributions under Section 6.2 as adjusted from time to time for investment gains or losses and distributions.

Supplemental Contribution Account means the Account ----------------------------------- established by the Committee for each Participant who made Supplemental Contributions under the Prior ESOP, which Account shall be invested as provided in Article V on behalf of the Participant for whom such Account was established under the Prior ESOP, and to which transferred assets credited under Section 3.2 ("Supplemental Contributions") of the Prior Plan as of January 1, 1995, on behalf of such Participant, and the earnings and losses thereon, shall be allocated.