Xxxx Account. Individual or employee plan contributions made to certain plans on an after-tax basis. An IRA may be established as a Xxxx XXX under Section 408A, and 401(k), 403(b) and 457(b) plans may provide for Xxxx accounts. Contributions to a Xxxx XXX are limited based on the level of your modified adjusted gross income. Comparison of Plan Limits for Individual Contributions: Plan Type Elective Contribution Catch-up Contribution IRA $6,500 $1,000 SIMPLE IRA $15,500 $3,500 401(k) $22,500 $7,500 SEP/401(a) (Employer contributions only) 403(b) [TSA] $22,500 $7,500 457(b) $22,500 $7,500 Dollar limits are for 2023 and subject to cost-of-living adjustments in future years. Employer-sponsored individual account plans (other than 457(b) plans) may provide for additional employer contributions not to exceed the lesser of $66,000 and 100% of an employee’s compensation for 2023. Federal Estate Taxes While no attempt is being made to discuss the Federal estate tax implications of the Contract, you should bear in mind that the value of an annuity contract owned by a decedent and payable to a beneficiary by virtue of surviving the decedent is included in the decedent’s gross estate. Depending on the terms of the annuity contract, the value of the annuity included in the gross estate may be the value of the lump sum payment payable to the designated beneficiary or the actuarial value of the payments to be received by the beneficiary. Consult an estate planning adviser for more information.
Xxxx Account. The Partnership may select a bank for the purpose of opening a bank account. Funds in the bank account shall be withdrawn by checks signed by any Partner designated by the Partnership.
Xxxx Account. The Registry of Educational Personnel, Financial Information Database, Graduation/Dropout Review and Comment, Nonpublic School Personnel Report, and School Infrastructure Database applications require an active XXXX account.
Xxxx Account. (a) On or prior to the date hereof, the Indenture Trustee shall establish (and, at all times thereafter, the Indenture Trustee shall maintain) the Bond Account for the Bonds. The Bond Account shall consist solely of one or more Eligible Accounts established and maintained in the name of the Indenture Trustee (in such capacity) and, in each case, bearing a designation clearly indicating that such account and all funds deposited therein are held for the exclusive benefit of the Bondholders and, subject to the lien of this Indenture, the Issuer. The Indenture Trustee shall deposit or cause to be deposited in the Bond Account, upon receipt, (i) any and all payments and other collections received on or in respect of the Pledged Securities subsequent to the commencement of the initial Collection Period and (ii) any amounts required to be deposited by the Indenture Trustee in connection with losses incurred with respect to investments of funds held in the Bond Account. Except as provided in this Indenture, the Indenture Trustee, in accordance with the terms of this Indenture, shall have exclusive control and sole right of withdrawal with respect to the Bond Account. Funds in the Bond Account shall not be commingled with any other monies. All monies deposited from time to time in the Bond Account (including any securities or instruments in which such monies are invested) shall be held by and under the control of the Indenture Trustee in the Bond Account for the benefit of the Bondholders and the Issuer as herein provided; provided, however, that all income and gain, if any, from monies or investments on deposit in the Bond Account shall constitute additional compensation for the Indenture Trustee and shall be subject to withdrawal by it from time to time. Any losses resulting from or arising in connection with investments of funds in the Bond Account shall be for the account of the Indenture Trustee (who shall promptly deposit into the Bond Account the amount of any such losses).
Xxxx Account. (c) Employer Account Paragraph 9.4, 9.5 [Select one or both, if desired]
Xxxx Account o (E) After-tax Account. x (F) Rollover Account. o (G) Voluntary Deductible Account. Note if Options (C), (D), (E) (F) or (G) are selected the Employer must determine the application and comply with Federal Securities laws.
Xxxx Account. The operating account (“Operating Account”) for this Joint Venture shall be established at Truist Bank. The Operating Account shall be established in the name of the Joint Venture. All payments due the Joint Venture for performance on work performed shall be deposited into the Operating Account, and all expenses incurred under the Contract shall be paid out from the Operating Account.
Xxxx Account. Agent shall maintain, in accordance with its usual and customary practices, an account or accounts (“Loan Account”) evidencing the Indebtedness of each of the Borrower(s) within each 105 DB1/ 136236807.8 Borrower Group resulting from each Loan made to such Borrower Group or issuance of a Letter of Credit for the account of such Borrower(s) from time to time. Any failure of Agent to record anything in any Loan Account, or any error in doing so, shall not limit or otherwise affect the obligations of the applicable Borrower(s) to pay any amount owing hereunder. Agent may maintain a single Loan Account in the name of the Borrower Agent, and each Borrower and other Obligor confirms that such arrangement shall have no effect on the joint and several character of its liability for the Obligations as and to the extent provided herein or in the other Loan Documents.
Xxxx Account. Rose and Vane shall establish a new bank account(s), or, subject to Magellan’s approval, Rose may use an existing account provided it is segregated from Rose and Vane’s other funds (the "Bank Account") in which all revenues received from the operations of the SDA Mill that result from operations generated under this Agreement shall be deposited. Rose shall not commingle any of the above described revenues with any funds or other property of Vane or Rose. The Bank Account shall be under the exclusive control of Rose and Vane. From the revenues deposited into the Bank Account, Rose and Vane shall pay the operating expenses with respect to the VaneSDA business that are identified on the approved budget to be attached as schedule to this Agreement (the “Budgeted Expenses”). Pending closing of the Purchase, all funds deposited into the Bank Account shall be deemed as sole and separate property of Rose and Vane, free of any claim, lien or entitlement of Magellan. Upon closing and consummation of the Purchase Agreement, all funds remaining in the Bank Account on the closing date shall be included in the assets transferred to Magellan pursuant to the Purchase Agreement.
Xxxx Account o(VI)After-tax Account. o(VII)Voluntary Deductible Account. Note if Options (IV), (V), (VI) or (VII) are selected the Employer must determine the application and comply with Federal Securities laws.
