Grandfathered Account

Example Definitions of "Grandfathered Account"
Grandfathered Account. Means that portion of a Participant's Account that was earned and vested as of December 31, 2004, and shall include earnings (including dividends paid in accordance with Section 13(b) and dividends and dividend equivalents paid in accordance with Section 9(a)) credited to such amount under the terms of the Plan. All Grandfathered Accounts shall be calculated in accordance with Section 409A of the Code. The Company shall maintain a separate record of Grandfathered Accounts.
Grandfathered Account. Shall mean the Participant's vested deferred compensation as of December 31, 2004 under this Plan, adjusted for earnings and losses after December 31, 2004. Amounts deferred under the DonTech Prior Plan shall not be considered Grandfathered Accounts.
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 Arrow
All Definitions