Money Purchase Account definition

Money Purchase Account of a Member means the account established in his name pursuant to Section 12.01(b).
Sample 1Sample 2Sample 3
Money Purchase Account means the subaccount established to record any amounts transferred to the Plan from a money purchase pension plan and the earnings thereon.
Sample 1Sample 2Sample 3
Money Purchase Account means the account described in Article 6 (Special Distributions).
Sample 1Sample 2Sample 3

Examples of Money Purchase Account in a sentence

  • For a Member who has a vested pension benefit payable at Normal Retirement Date, the Member’s Beneficiary is entitled to a death benefit equal to the Actuarial Equivalent of the defined benefit pension benefit plus the value of the Member’s Money Purchase Account.

  • Employer Contributions to a Member’s Money Purchase Account If the Employer contributions to a Member’s Money Purchase Account for a calendar year exceeds the limit set out in Section 5.05, the excess portion shall be returned to the Employer and the Member’s Money Purchase Account shall be adjusted accordingly.

  • Send the ENTIRE form and any Money Purchase Account Application(s) to Fidelity Investments.

  • Subject to Section 9, the annual amount of pension benefit of a Member as of any Date of Determination shall be equal to the sum of the defined benefit pension as outlined below and the amount that can be provided by the Member’s Money Purchase Account.

  • Regular mail Send the ENTIRE form and any Money Purchase Account Application(s) Fidelity Investments to Fidelity Investments.


More Definitions of Money Purchase Account

Money Purchase Account means the account established and maintained pursuant to paragraph 6.02(b);
Sample 1Sample 2
Money Purchase Account means the account established to receive contributions in the Member’s name pursuant to Section 5.
Sample 1
Money Purchase Account means the separate account of each Member under that name to which is credited the Member's account balance, if any, transferred from a Retirement Plan described in subsection (gg) below and the net worth of the Trust Fund attributable thereto.
Sample 1
Money Purchase Account means in respect of Members who retired or left Service after 1 April 1988 and before 1 December 2001, that part of the Fund which is notionally allocated to a Member being equal to the aggregate of 8.5% of the Member’s Pensionable Earnings for each Scheme Year during his or her Active Membership completed on or after 1 April 1988, increased or decreased by such amount as the Trustees in their absolute discretion (on the advice of the Actuary) shall determine from time to time having regard to the overall investment return of the Fund.
Sample 1
Money Purchase Account means the separate Account, if any, maintained for each Participant to which shall be credited such Participant’s share of contributions made pursuant to the provisions of the Holiday Inns, Inc. Employees’ Retirement Plan and any other plan subject to the provisions of Code Sections 401(a)(11)(B)(ii) and 417 which are transferred directly to the Plan, related investment earnings and loan repayments and from which shall be debited allocable expenses, investment losses, loans, withdrawals and distributions.
Sample 1
Money Purchase Account means the account established and maintained for a Member in accordance with Section 21(c).
Sample 1

Related to Money Purchase Account

  • Purchase Account means the account so designated in each Purchase and Remarketing Fund.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Investment Account As defined in Section 3.12(a).

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Brokerage Account means any account with a broker, dealer or bank that may hold securities.

  • Purchase Price Bank Account means a bank account in the United States to be designated by the Sellers in a written notice to the Purchaser at least five Business Days before the Closing.

  • Transfer Account means the account established hereunder to which amounts transferred to this Plan from a direct plan-to-plan transfer in accordance with Section 4.7 are allocated.

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Special Payments Account Means, with respect to the Class A Certificates, the account or accounts created and maintained for such series pursuant to Section 4.01(b) of the Basic Agreement (as modified by Section 7.01(c) of this Trust Supplement) and this Trust Supplement.

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

  • Sub-Account means any of the individual sub-accounts of a Participant’s Account that is maintained as provided in Article VIII.

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;