Voluntary Balance definition

Voluntary Balance means, in respect of a Member, and at any date, the value of the Member’s voluntary contributions, and of that portion of his/her employer’s voluntary balance, as determined in accordance with terms of the Master Trust Deed.
Sample 1Sample 2Sample 3

Examples of Voluntary Balance in a sentence

  • If no contributions have been received during a continuous period of at least 12 months and if the aggregate of a Member’s MPF Balance and Voluntary Balance is less than a figure determined from time to time by the Sponsor, then a charge may be imposed.

  • Coping with Uncertainty: Ecological Risks and the Proceduralization of Environmental Law.

  • It is trivially false on the inferential reading, since ‘It’s a fact that snow is white’ implies ‘there are facts’ on the inferential reading.

  • Except for any reapportionment bill and notwithstanding the provisions of Rule 14, the President or his or her designee shall have the right to make a motion to establish a schedule for a future date and time for the vote on any bill or resolution, which is in the status of Interrupted Debate, Adjourned Debate, or Special Order.

  • A Member's Voluntary Balance and/or Employer's Voluntary Balance payable under Clause 9 may be paid in one lump sum or in instalments (provided that this shall only apply where the Member is entitled to elect to have his or her MPF Balance paid in instalments under section 15 of the MPF Ordinance).

  • The Employee Voluntary Balance is entirely payable upon cessation of the employment.

  • Members who have elected to make optional Employee Voluntary Contributions have Employee Voluntary Balance.

  • The Trustee may pay the whole or any part of a Member's Employer's Voluntary Balance to such person as may be entitled to such payment in the circumstances set out in and subject to the restrictions of section 12A of the MPF Ordinance.

  • The Member's Voluntary Balance of a Deferred Member shall be calculated as at such Valuation Date following the date the Trustee is notified of the circumstances giving rise to the payment of such amounts under (i) above as the Trustee may determine.

  • Any Employee Member may, on cessation of employment with his/her Participating Employer, elect to have the whole or any part of his/her Voluntary Balance attributable to his/her current and/or former employment: • transferred to a Personal Account of the Employee Member within the Scheme, nominated by the Employee Member, or • paid to the relevant Employee Member.

Related to Voluntary Balance

  • Aggregate Reduction has the meaning specified in Section 1.3.

  • Voluntary Contribution Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan resulting from the Participant's nondeductible voluntary contributions made pursuant to Section 4.12.

  • Voluntary Contributions means voluntary amounts contributed by a member or participating member into a health reimbursement account. However, to the extent required by applicable law, voluntary amounts shall not be contributed through a salary reduction election under a cafeteria plan pursuant to section 125 of the internal revenue code, 26 USC 125.

  • Class Balance With respect to any Class of Certificates, at any time, the aggregate of the Certificate Balances of all Outstanding Certificates of such Class.

  • New Balance This means the total outstanding balance on your account. It will be listed on each statement as the “New Balance”.

  • Daily Balance means the amount of the Obligations owed at the end of a given day.

  • Available Balance means, in relation to any Account, the aggregate of:

  • Termination Percentage has the meaning set forth in Section 2.2.

  • Outstanding Balance of any Receivable at any time means the then outstanding principal balance thereof.

  • Aggregate Outstanding Loan Balance means on any day, the sum of the Outstanding Loan Balances of all Eligible Loans included as part of the Collateral on such date.

  • Average Daily Balance means the balance sum computed by dividing the sum of the balance outstanding on each day from the first day of the next Billing Period by the number of days in that Billing Period. For the purpose of computation, each day’s balance is determined by adjusting the Total New Balance with payments, credit, cash withdrawal, purchases of goods and/or services obtained on the Sales Drafts and/or Cash Withdrawal Drafts received by Maybank before the Closing Date of each Billing Period;

  • Aggregate Outstanding Principal Balance means, as of any date of determination, the sum of the Outstanding Principal Balances of each Class outstanding on such date.

  • Voluntary Withdrawal means a Member’s dissociation with the Company by means other than by a Transfer or an Involuntary Withdrawal.

  • Voluntary Resignation means any Termination by Employee for any reason other than a Constructive Termination.

  • Unpaid Balance of any Receivable means at any time the unpaid principal amount thereof.

  • Aggregate Outstanding Amount With respect to any of the Notes as of any date, the aggregate unpaid principal amount of such Notes Outstanding on such date.

  • Reduction Percentage means the percentage rate by which the Initial Per Certificate Entitlement will reduce on a daily basis on the assumption that the daily rate will be theper annum rate specified in the Final Terms divided by 365 and applied accordingly. B.26 Investment managementNot applicable - there is no active management of the assets of the Issuer. B.27 Further issuances backed by same pool of assetsNot applicable – the Issuer will not issue further securities backed by the same pool of assets. B.29 Description of the flow of fundsSave to the extent that the Authorised Participant as subscribed for the issue of Certificates in whole or in part by the physical delivery of the relevant Precious Metal in respect of the Series (the "Underlying Precious Metal"), the net proceeds from each issue of Certificates will be used (a) to purchase the Underlying Precious Metal and (b) to pay any listing fees incurred in connection with the listing of the Certificates. The Certificates will not bear interest. On redemption, a Certificateholder will, in respect of a Certificate, receive on a date on or before the third business day following the relevant Eligible Redemption Valuation Date(being any business day) (in each case the "Settlement Date"):

  • Excess Aggregate Contributions means, with respect to any Plan Year, the excess of:

  • Adjusted Pool Balance means, on the Closing Date, an amount equal to:

  • Vested Percentage means the sum of the following percentages: (i) 2% multiplied by your Years of Service, plus (ii) 8% multiplied by the number of Years you have been designated a participant in the Plan; provided, however, (w) prior to completing five Years of Service the Vested Percentage is 0,(x) on or prior to your fiftieth birthday your Vested Percentage may not exceed 50%, (y) on or prior to each of your birthdays following your fiftieth birthday your Vested Percentage may not exceed the sum of 50% plus the product obtained by multiplying 5% by the number of birthdays that have occurred following your fiftieth birthday, and (z) your Vested Percentage in no event may exceed 100%.

  • Invested Percentage means, with respect to any Series of Notes, the percentage specified in the applicable Series Supplement.

  • Time balance means the sum of the principal amount financed and the finance charge.

  • Advances Outstanding On any day, the aggregate principal amount of all Advances outstanding on such day, after giving effect to all repayments of Advances and the making of new Advances on such day.