Frozen Specific-Year Account

Frozen Specific-Year Account. Means the Elective Incentive Pay Credits in a Specific-Year Account to which no further Elective Incentive Pay Credits may be added. A Specific-Year Account shall become a Frozen Specific-Year Account on the March 1 preceding the Commencement Year for such Elective Incentive Pay Credits, and shall continue to constitute a Frozen Specific-Year Account until the entire balance of such Specific Year Account has been distributed. The balance in a Frozen Specific-Year Account shall continue to be... credited with interest and earnings in accordance with Sections 4.02 and 4.03 until the entire Specific-Year Account is distributed. View More