Common use of Participant's Accounts Clause in Contracts

Participant's Accounts. The Administration Committee shall maintain the following “Accounts” in the name of each Participant and such additional Accounts (if any) as the Administration Committee may determine from time to time: a. an “Employer Contributions Account,” which shall reflect Employer Contributions (and forfeitures allocated to the Participant under the terms of the Plan), and the income, losses, appreciation and depreciation attributable thereto; b. an “After‑Tax Account,” which shall reflect the Participant’s After-Tax Contributions, if any, and the income, losses, appreciation and depreciation attributable thereto; c. a “Pre-Tax Elective Deferral Account,” which shall reflect the Pre-Tax Elective Deferrals, if any, made for the Participant, and the income, losses, appreciation and depreciation attributable thereto; d. a “Matching Account,” which shall reflect the Matching Contributions, if any, made for the Participant, and the income, losses, appreciation and depreciation attributable thereto;

Appears in 2 contracts

Sources: 401(k) Savings and Retirement Plan (Castle a M & Co), 401(k) Savings and Retirement Plan (Castle a M & Co)