ESOP Accounts Sample Clauses

ESOP Accounts. The Advisory Committee shall maintain, in order to reflect each ESOP Participant's Accrued Benefit under the Plan derived from contributions to The Employee Stock Ownership Plan that has been transferred to this Plan, a separate ESOP Account for each ESOP Participant. The provisions of this Article XVIII shall govern the separate ESOP Accounts. Except as provided under this Article XVIII, the Trustee shall hold, administer and distribute the ESOP Accounts in the same manner under the Plan as Accounts derived from contributions to this Plan. No allocations shall be made to the ESOP Accounts other than amounts transferred from The Employee Stock Ownership Plan and any earnings, gains or losses on the ESOP Accounts.
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ESOP Accounts. The Trustees will establish and maintain for each Participant an ESOP account which will reflect
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ESOP Accounts. The Trustee shall maintain for each Participant who was a Participant in the Plan immediately prior to January 1, 1996, a "Company Stock Account" and an "Other Investments Account". ESOP Contributions under Article III(A-1) for any taxable year of the Company ending prior to January 1, 1996 were, subject to the limitations of Article IV(D) and to Article 11(C) regarding inactive Participants, promptly upon receipt allocated among the various Participants' ESOP Contributions Accounts, as of the Anniversary Date falling within such taxable year, as follows:
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ESOP Accounts. The portion of any Account of a Participant that is invested in Toro Common Stock is an “ESOP Account.”
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Related to ESOP Accounts

  • Cash Accounts The Custodian will open and maintain in the name of the Client one or more cash deposit accounts (each a “Cash Account”) in such currencies as may be required in connection with the investment activity of the Client.

  • Retirement Accounts With respect to certain retirement plans or accounts (such as individual retirement accounts (“IRAs”), SIMPLE IRAs, SEP IRAs, Xxxx IRAs, Education IRAs, and 403(b) Plans (such accounts, “Retirement Accounts”), the Transfer Agent, at the request and expense of the Fund, provide or arrange for the provision of various services to such plans and/or accounts, which services may include custodial agent services such as account set-up maintenance, and disbursements as well as such other services as the parties hereto shall mutually agree upon.

  • Separate Accounts If the Fund has more than one series or portfolio, the Bank will segregate the assets of each series or portfolio to which this Agreement relates into a separate account for each such series or portfolio containing the assets of such series or portfolio (and all investment earnings thereon). Unless the context otherwise requires, any reference in this Agreement to any actions to be taken by the Fund shall be deemed to refer to the Fund acting on behalf of one or more of its series, any reference in this Agreement to any assets of the Fund, including, without limitation, any portfolio securities and cash and earnings thereon, shall be deemed to refer only to assets of the applicable series, any duty or obligation of the Bank hereunder to the Fund shall be deemed to refer to duties and obligations with respect to such individual series and any obligation or liability of the Fund hereunder shall be binding only with respect to such individual series, and shall be discharged only out of the assets of such series.

  • Cash Account Except as otherwise provided in Instructions acceptable to Bank, all cash held in the Cash Account shall be deposited during the period it is credited to the Account in one or more deposit accounts at Bank or at Bank's London Branch. Any cash so deposited with Bank's London Branch shall be payable exclusively by Bank's London Branch in the applicable currency, subject to compliance with any Applicable Law, including, without limitation, any restrictions on transactions in the applicable currency imposed by the country of the applicable currency.

  • Set Up Accounts (a) Bank shall establish and maintain the following accounts ("Accounts"):

  • SUBACCOUNTS The Separate Account is divided into Subaccounts which invest in shares of mutual funds. Each Subaccount may invest its assets in a separate class or series of a designated mutual fund or funds. The Subaccounts are shown on page 3. Subject to the regulatory requirements then in force, SBL reserves the right to:

  • Suspense Accounts Any money received in connection with this Guarantee (whether before or after any Incapacity of the Borrower or the Guarantor) may be placed to the credit of a suspense account with a view to preserving the rights of the Bank to prove for the whole of its claims against the Borrower or any other person liable or may be applied in or towards satisfaction of such of the Guaranteed Liabilities as the Bank may from time to time conclusively determine in its absolute discretion.

  • Employer Contributions If Employer contributions are permitted, complete (a) and/or (b). Otherwise complete (c).

  • Qualified Matching Contributions If selected below, the Employer may make Qualified Matching Contributions for each Plan Year (select all those applicable):

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

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