Elective Deferral Account

Elective Deferral Account. That bookkeeping record established for each Participant who elects to defer his or her Retainer Fee, Stock Award, or both for a Deferral Year. An Elective Deferral Account is established only for purposes of measuring that portion of a Deferred Stock Benefit attributable to deferred Retainer Fees, Stock Awards, or both and not to segregate assets or to identify assets that may or must be used to satisfy a Deferred Stock Benefit. An Elective Deferral Account will be credited with the... Participant's Compensation deferred according to a Deferral Election Form and according to section 6 of this Plan. An Elective Deferral Account will be credited periodically with amounts determined under subsection 6(b) of this Plan. View More

Elective Deferral Account. Means a separate account maintained for each Participant to record the Elective Deferrals made to the Plan pursuant to Section 5 and all earnings and losses allocable thereto.

Elective Deferral Account. The Account to which shall be credited Elective Deferrals and related Investment Earnings.