TRASOP Account means the TRASOP Account formerly maintained under the ESRP, which has been transferred to this Plan.
TRASOP Account which means a Participant's interest in the Plan's assets composed of the amount allocated under the Plan, as of January 1, 1998, if any (as identified by the Administrator), (including amounts allocated from the Whitman Corporation Tax Reduction Act Stock Ownership Plan, if any) which continue to be accounted for under the Plan consistent with the former provisions of the Plan (as identified by the Administrator) plus all income and gains credited to, and minus all losses, expenses, withdrawals and distributions charged to, such Account.
TRASOP Account which means a Participant's interest in the Plan's assets composed of the Parker Drilling Company Employee Stock Ownership Plan amount allocated under the Plan, as of January 1, 1999, if any (as identified by the Committee), plus all income and gains credited to, and minus all losses, expenses, withdrawals and distributions charged to, such Account.
Examples of TRASOP Account in a sentence
Each such annual distribution shall be taken pro rata from all contribution years in Participant's TRASOP Account.
The Recordkeeper will also maintain a separate TRASOP Account for each eligible Participant and a separate Account Balance for each Participant, and within each such Account Balance, as applicable, a Pre-Tax Contributions Subaccount, an After-Tax Contributions Subaccount, a Rollover Contributions Subaccount, an ESOP Account and an Employer Contributions Subaccount.
The TRASOP Account of each Participant shall be invested in Company Stock.
The Committee shall maintain a TRASOP Account for each Participant in the Plan who has an interest in the TRASOP Fund.
A loan to a Participant shall be made solely from the assets of his or her following Accounts which are fully vested: Pre-Tax Account Special Account Matching Account Profit Sharing Account Rollover Account TRASOP Account Post-Tax Account.
More Definitions of TRASOP Account
TRASOP Account which means a Participant's interest in the -------------- Plan's assets composed of an amount transferred from the Participant's "TRASOP Account" in the Whitman Plan on or after January 1, 1998, if any, (as identified by the Administrator) plus all income and gains credited to, and minus all losses, expenses, withdrawals and distributions charged to, such Account.
TRASOP Account means an account maintained on behalf of an Employee by the Trustee under the TRASOP, in which is shown the number of Shares beneficially owned thereunder by the Employee, as determined under the provisions and requirements of the TRASOP.
TRASOP Account means an account maintained under the TRASOP by the Trustee of the TRASOP Trust Fund for an Employee.
TRASOP Account which means a Participant’s interest in the Plan’s assets composed of the amount allocated under the Plan as of the Effective Date, if any (as identified by the Administrator), including amounts allocated from the Xxxxxxx
TRASOP Account which means a Participant’s interest in the Plan’s assets composed of the amount allocated under the Plan as of the Effective Date, if any (as identified by the Administrator), including amounts allocated from the Xxxxxxx Corporation Tax Reduction Act Stock Ownership Plan, if any, which continue to be accounted for under the Plan consistent with the former provisions of the Plan (as identified by the Administrator), plus all income and gains credited to, and minus all losses, expenses, withdrawals and distributions charged to, such Account. With respect to an Alternate Payee or Beneficiary, references to Accounts will be deemed to be references to all or that portion of a Participant’s Catch-up Account, ESOP Account, Former Matching Contribution Account, Matching Account, Pay Based Account, Post-Tax Account, Pre-Tax Account, QVEC Account, Rollover Account, Special Account and TRASOP Account which, under the terms of the Plan, has been allocated to an Account maintained for such Alternate Payee or Beneficiary, plus all income and gains credited to, and minus all losses, expenses and withdrawals charged to, such Account. References herein to Accounts will also be deemed to include each of a Participant’s Accounts and references herein to an Account will be deemed to include any or each of the Participant’s Accounts. Effective on and after August 5, 1999, a Participant’s Accounts will be reduced by the amounts allowed under Sections 401(a)(13)(C) and (D) of the Code for crimes against the Plan. Notwithstanding the above, each of the Accounts for each Hussmann Participant and Midas Participant shall be reduced to zero effective as of the date of transfer of liabilities and assets of such Accounts to the Hussmann Plan and Midas Plan, respectively.
TRASOP Account means that portion of the Participant’s Account that is attributable to the merger of the Company’s TRASOP Plan into the Plan, as adjusted for subsequent investment gains, losses, income and expenses. A Participant shall be at all times vested in his TRASOP Account.
TRASOP Account means that portion of the Participant's Account Balance that is attributable to the merger of the Company's TRASOP Plan into this Plan, as adjusted for subsequent investment gains, losses, income and expenses. A Participant shall be at all times vested in his TRASOP Account Balance.