Bank Contribution Account definition

Bank Contribution Account means that account established on behalf of a Participant to which his share of Bank Contributions under the Plan has been allocated as such account is adjusted from time to time to reflect investment results.
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Bank Contribution Account means the separate, individual account established on behalf of a Participant to which the Bank Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account. Effective April 15, 1999, Bank Contribution Account shall also mean matching contribution accounts maintained on behalf of Employees of the acquired Financial Federal Savings Bank under the former Financial Federal Plan, as in effect on April 14, 1999.
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Bank Contribution Account means the account maintained for each Participant which reflects the Participant’s share of Bank contributions made pursuant to Article 4.1 through 4.2 and increases or decreases in the value of the Trust Fund allocable thereto, as provided in Article 5.
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Examples of Bank Contribution Account in a sentence

  • A Participant may, by written application to the Committee, request to withdraw up to one hundred percent (100%) of the balance credited to his Bank Contribution Account.

  • No matching Bank Contributions are made to any Bank Contribution Account for any Plan Years beginning after December 31, 2008.

  • Section 5.1 (“Earnings on Accounts”) is hereby amended by deleting it and replacing it in its entirety with the following new language: Each December 31, the Executive’s Bank Contributions Account shall be credited with an amount equal to the Interest Rate for that Plan Year multiplied by the balance in the Bank Contribution Account as of the previous December 31.

  • Section 3.2 (“Bank Contributions”) is hereby amended by deleting it and replacing it in its entirety with the following new language: As of September 30, 2023, no further contributions, including Bank Contributions, shall be made or allocated to the Executive’s Bank Contribution Account.

  • Any matching contributions made to the Fund for Plan Years beginning on or after January 1, 2009 are referred to in this Plan as “Employer Match Contributions.” Matching Bank Contributions made to the Fund for Plan Years beginning prior to January 1, 2009, are credited to the Bank Contribution Account of the Participant on whose behalf such contributions have been made and shall be invested in accordance with Article VII hereof.

  • For purposes of determining a Participant’s right to make withdrawals pursuant to this Section 8.12 the Participant’s Bank Contribution Account shall be valued as of the Valuation Date last prior to the date such request is made.

  • The teacher is only informed if they have a positive case in their class if they are at risk as well, otherwise nothing is shared (privacy and confidentialityconsiderations).

  • In the case of a Participant who has five (5) or more consecutive One Year Breaks in Service, all Years of Service following such period of One Year Breaks in Service will be disregarded for purposes of determining such Participant’s vested interest in the portions of his Bank Contribution Account, Employer Match Contribution Account and Employer Retirement Contribution Account derived from contributions that accrued before such period of One Year Breaks in Service.

  • In the case of a Participant who has five (5) or more consecutive One Year Breaks in Service, all Years of Service following such period of One Year Breaks in Service will be disregarded for purposes of determining such Participant’s vested interest in the portions of his Bank Contribution Account, Employer Match Contribution Account and Employer Retirement Contribution Account derived from contributions that accrued before such period of One Year Breaks in Service.

  • The Deferral Account will be distributable only when a distribution from a Bank Contribution Account would be permitted pursuant to Article 8.


More Definitions of Bank Contribution Account

Bank Contribution Account means the Account(s) established to record Bank Contributions and any earnings credited thereto.
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Bank Contribution Account means the Account maintained for the benefit of the Participant which is credited with Bank Contributions, if any, pursuant to Section 4.2.
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Related to Bank Contribution Account

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • 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.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Investment Account As defined in Section 3.12(a).

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Excess Funding Account shall have the meaning specified in subsection 4.2(d).

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Interest Collection Account A sub-account of the Collection Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Upper-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Upper-Tier REMIC.

  • Excess Interest Distribution Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.05(e) of this Agreement in trust for the Holders of the Excess Interest Certificates, which (subject to changes in the identities of the Certificate Administrator and/or the Trustee) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2019-C7, Commercial Mortgage Pass-Through Certificates, Series 2019-C7, Class S – Excess Interest Distribution Account.” Any such account shall be an Eligible Account. The Excess Interest Distribution Account shall be held solely for the benefit of the Holders of the Excess Interest Certificates. The Excess Interest Distribution Account shall not be an asset of any Trust REMIC, but rather shall be an asset of the Grantor Trust.

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Series Distribution Account shall have the meaning specified in Section 8.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.