Grandfathered Account

Example Definitions of "Grandfathered Account"
Grandfathered Account. “Grandfathered Account” shall mean the potion of a Participant’s Account attributable to Salary Reduction Amounts and Excess Amounts deferred prior to January 1, 2005, Company Matching Contributions credited and vested prior to January 1, 2005, and earnings and losses relating to the foregoing amounts (including earnings and losses accruing on or after January 1, 2005). Each Participant’s Grandfathered Account shall be accounted for separately within the Participant’s Account. It is intended... that the Grandfathered Accounts will not be subject to the restrictions imposed by Section 409A of the Code. View More
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