Termination Account

Example Definitions of "Termination Account"
Termination Account. Termination Account means any Account established by the Committee to record the amounts payable to a Participant upon Separation from Service. Unless the Participant has established a Specified Date Account, all Deferrals and Company Contributions shall be allocated to a Termination Account on behalf of the Participant.
Found in CONTINENTAL MATERIALS CORP contract
All Definitions