Other Investments Account Sample Clauses

Other Investments Account. An Other Investments Account shall be established under each Participant’s Pre-Tax Contribution Account and shall be credited with all Pre-Tax Contributions made by the Participant which are not invested in Company Stock and if applicable, Qualified Nonelective Contributions made on the Participant’s behalf.
Sample 1
AutoNDA by SimpleDocs
Other Investments Account. An Other Investments Account shall be established under each Participant’s Employer Contribution Account and shall be credited with all Matching Contributions and Discretionary Contributions made on behalf of a Participant which are not invested in Company Stock.
Sample 1
Other Investments Account. The Other Investments Account of the Pre-Tax Contribution Account of each Participant will be increased (or decreased) as of each Allocation Date by the dollar value of his: (1) Pre-Tax Contributions not invested in Company Stock; (2) Qualified Nonelective Contributions made on his behalf, if any; (3) his allocable share (determined under Subsection 5.02(4) below) of the net income or loss attributable to this Account; (4) appreciation (or depreciation) in the fair market value of the assets of the Trust (other than Company Stock) attributable to this Account; and (5) cash dividends and other rights or warrants allocable to Company Stock held in the Company Stock Account of his Pre-Tax Contribution Account.
Sample 1
Other Investments Account. The Other Investments Account of the Employer Contribution Account of each Participant shall be increased (or decreased) as of each Allocation Date by the dollar value of his: (1) Matching Contributions in other than Company Stock; (2) Discretionary Contributions in other than Company Stock; (3) his allocable share (determined under Subsection 5.02(4) below) of the net income or loss attributable to this Account; (4) appreciation (or depreciation) in the fair market value of the assets of the Trust (other than Company Stock) attributable to this Account; (5) proceeds from the disposition of Company Stock previously held in the Company Stock Account of his Employer Contribution Account; and (6) his allocable share of cash and other rights or warrants with respect to fractional shares of Employer Contributions in Company Stock that cannot be allocated to the Company Stock Account of his Employer Contribution Account. It will be decreased for: (1) any payments on purchases of Company Stock or repayment of debt (including principal and interest) incurred for the purchase of Company Stock which are attributable to such Account; (2) any distributions or withdrawals; and (3) any expenses or Trustee’s compensation paid or reimbursed out of the Trust pursuant to Section 13.15 hereof or pursuant to the Trust Agreement.
Sample 1
Other Investments Account. The Other Investments Account maintained for each Participant will be credited, or debited, with its share of the net income, or net loss, of the ESOP portion of the Trust and with any cash dividends on Company Stock allocated to his Company Stock Account.
Sample 1
Other Investments Account. (s) shall mean the account established on behalf of each Participant which is credited with the Participant’s allocable share of the Employer’s contributions, other than contributions which are made, or invested, in Employer Stock and other than Elective Contributions, and the Participant’s share of any Forfeitures and Net Earnings of the Trust allocable thereto. For each Participant, a separate Other Investments Account shall be maintained to reflect the portion of his Matching Non-Elective Contribution Accounts, Excess Non-Elective Contribution Accounts and Qualified Non-Elective Contribution Accounts, that is not invested in Employer Stock.
Sample 1
Other Investments Account. The Qualifying Employer Securities Account shall consist of the portion of Participants' accounts invested in Qualifying Employer Securities. The Qualifying Employer Securities Account shall be credited at least once each Plan Year with the allocable share of Qualifying Employer Securities purchased and paid for by the Trust or contributed in kind by the Employer, with Forfeitures of Qualifying Employer Securities, if applicable, and with stock dividends on Qualifying Employer Securities. The Other Investments Account shall consist of all assets of the Participant's accounts other than Qualifying Employer Securities. Income shall be allocated as of the last day of the Plan Year in proportion to the balance in such accounts as of the beginning of the Plan Year (the Committee may in its discretion use average account balances during the Plan Year), but after reducing each such account balance by any distributions from the account during the Plan Year, including the purchase of Qualifying Employer Securities transferred to the Qualifying Employer Securities Account. The Committee may, in its discretion, allocate Income at more frequent intervals to reflect additions to and distributions from the account(s) during the Plan Year.
Sample 1
AutoNDA by SimpleDocs
Other Investments Account. The Other Investments Account maintained for any Participant will be credited, or debited, with its share of the net income, or net loss, of the ESOP portion of the Trust, with any cash dividends on Company Stock allocated to the Participant's Company Stock Account (other than dividends distributed to Participants pursuant to Article VI and with ESOP Contributions in other than Company Stock made for any taxable year ending before 1996. Such account will be debited for the Participant's share of cash payments for the acquisition of Company Stock before 1996 or for repayment of debt, including principal and interest, on an Exempt Acquisition Loan.
Sample 1

Related to Other Investments Account

  • Other Investments Other than equity securities held in the ordinary course of business for cash management purposes, the Company does not own or hold the right to acquire any equity securities, ownership interests or voting interests (including voting debt) of, or securities exchangeable or exercisable therefor, or investments in, any other Person.

  • Investment Funds Unregistered general or limited partnerships or pooled investment vehicles and/or registered investment companies in which the Company (directly, or indirectly through the Master Fund) invests its assets that are advised by an Investment Manager.

  • Investment Accounts Schedule 2 sets forth under the headings “Securities Accounts” and “Commodity Accounts”, respectively, all of the Securities Accounts and Commodity Accounts in which such Grantor has an interest. Except as disclosed to the Administrative Agent, such Grantor is the sole entitlement holder of each such Securities Account and Commodity Account, and such Grantor has not consented to, and is not otherwise aware of, any Person (other than the Administrative Agent) having “control” (within the meanings of Sections 8-106 and 9-106 of the UCC) over, or any other interest in, any such Securities Account or Commodity Account or any securities or other property credited thereto;

  • The Investment Account; Eligible Investments (a) Not later than the Withdrawal Date, the Master Servicer shall withdraw or direct the withdrawal of funds in the Custodial Accounts for P&I, for deposit in the Investment Account, in an amount representing:

  • Capital Contributions and Accounts ..................................................12 4.01 Capital Contributions.............................................................12 4.02 Additional Capital Contributions and Issuance of Additional Partnership Interests.........................................................................12 4.03

  • Distributions; Investments (a) Pay any dividends or make any distribution or payment or redeem, retire or purchase any capital stock other than Permitted Distributions; or (b) directly or indirectly acquire or own any Person, or make any Investment in any Person, other than Permitted Investments, or permit any of its Subsidiaries to do so.

  • Investment of Account Assets a. All contributions to the custodial account shall be invested in the shares of the Provident Trust Mutual Funds, Inc. or, if available, any other series of Provident Trust Mutual Funds, Inc. or other regulated investment companies for which Provident Trust Company serves as Investment Advisor or designates as being eligible for investment. Shares of stock of an Investment Company shall be referred to as “Investment Company Shares”. To the extent that two or more funds are available for investment, contributions shall be invested in accordance with the depositor’s investment election.

  • Investment Assets Those assets of the Fund as the Advisor and the Fund shall specify in writing, from time to time, including cash, stocks, bonds and other securities that the Advisor deposits with the Custodian and places under the investment supervision of the Sub-Advisor, together with any assets that are added at a subsequent date or which are received as a result of the sale, exchange or transfer of such Investment Assets.

  • Commingling, Exchange and Investment of the Contributions 2.1. The Contributions shall be accounted for as a single trust fund and shall be kept separate and apart from the funds of the Bank. The Contributions may be commingled with other trust fund assets maintained by the Bank.

  • Investment of Contributions At the direction of the Designated Beneficiary (or the direction of the Depositor or the Responsible Individual, whichever applies) the Custodian shall invest all contributions to the account and earnings thereon in investments acceptable to the Custodian, which may include marketable securities traded on a recognized exchange or "over the counter" (excluding any securities issued by the Custodian), covered call options, certificates of deposit, and other investments to which the Custodian consents, in such amounts as are specifically selected and specified in orders to the Custodian in such form as may be acceptable to the Custodian, without any duty to diversify and without regard to whether such property is authorized by the laws of any jurisdiction as a custodial account investment. The Custodian shall be responsible for the execution of such orders and for maintaining adequate records thereof. However, if any such orders are not received as required, or, if received, are unclear in the opinion of the Custodian, all or a portion of the contribution may be held uninvested without liability for loss of income or appreciation, and without liability for interest pending receipt of such orders or clarification, or the contribution may be returned. The Custodian may, but need not, establish programs under which cash deposits in excess of a minimum set by it will be periodically and automatically invested in interest-bearing investment funds. The Custodian shall have no duty other than to follow the written investment directions of the Designated Beneficiary (or the Depositor or Responsible Individual), and shall be under no duty to question said instructions and shall not be liable for any investment losses sustained by the Designated Beneficiary.

Time is Money Join Law Insider Premium to draft better contracts faster.