Examples of Tax Deferred Account in a sentence
A Participant shall at all times be fully vested in the balance of his After-Tax Account, Tax Deferred Account, GPEP Account, Tax Deductible Contribution Account, and Rollover Account.
A Tax Deferred Account will be maintained for each Participant on whose behalf Tax Deferred Contributions are made pursuant to Section 4.01 of this Plan and on whose behalf any tax deferred contributions were made under a Prior Plan, and such contributions and any earnings and losses thereon will be allocated to such Tax Deferred Account.
Subject to the requirements set forth in Section 10.01 and in subsection (b) of this Section 10.07, and, if applicable, in accordance with Appendix B, a Participant may elect a withdrawal from his Tax Deferred Account (excluding any earnings credited after December 31, 1988), on account of an immediate and heavy financial hardship; provided, however, that the amount of such withdrawal must be necessary to satisfy the immediate and heavy financial need as determined under subsections (c) and (d).
A Participant, prior to this Separation from Service, may elect a hardship distribution from his Tax Deferred Account in accordance with the hardship distribution policy under Section 14.11 of the Plan.
To make allocations under the Plan, the Administrative Committee must establish a Tax Deferred Account, a Qualified Matching Contributions Account, a Regular Matching Contributions Account, a Basic Contributions Account and an Employer Contributions Account for each Participant.