Common use of Performance Account Clause in Contracts

Performance Account. If no Fees are to be initially billed at the time that Performance Payments are assessed, then the Performance Payments shall be credited to a suspense account in the Plan to be used to defray reasonable Plan expenses (the “Performance Account”) that shall be maintained by the Trustee. Amounts credited to the Performance Account shall be invested in the Fidelity Money Market Trust Retirement Money Market Portfolio.

Appears in 1 contract

Sources: Master Trust Agreement (Hawaiian Electric Industries Inc)

Performance Account. If no Fees are to be initially billed at the time that Performance Payments are assessed, then the Performance Payments shall be credited to a suspense account in the Plan to be used to defray reasonable Plan expenses (the “Performance Account”) that shall be maintained by the Trustee. Amounts credited to the Performance Account shall be invested in the Fidelity Fidelity® Money Market Trust Retirement Money Market Portfolio.

Appears in 1 contract

Sources: Master Trust Agreement (Hawaiian Electric Co Inc)