Basic Account definition

Basic Account means the basic account of the Pension Fund established pursuant to s. 75 of the Statutory Pension Plan Rules and continued in accordance with s. 75 of the Pension Plan Rules.

Basic Account means that portion of a Participant's Account to which Employer contributions are credited pursuant to section 4.1.

Basic Account means the Account established to record the portion of the Profit-Sharing Contributions allocable to a Participant's Compensation.

Examples of Basic Account in a sentence

• The Basic Account is the account from which the defined basic benefits of the Plan are paid.

• Limit Orders on Basic Account on CFD are executed at the price indicated by the Client or better.

• In accordance with the Agreement and PBSA, an actuarial valuation of the Plan’s assets and pension obligations is performed at least every three years by an independent actuary to determine an appropriate combined employer and member contribution rate to fund the Basic Account.

• The Basic Account Agreement enters into effect when Swisscard accepts the Basic Account application submitted by the Company.

• Swisscard may exchange Data with third parties to the extent necessary for check- ing applications and performing the Card Agreement and Basic Account Agreement (including Secondary or Additional Benefits linked with the Basic Account or the Card).

More Definitions of Basic Account

Basic Account means the account maintained for a Participant to which is credited the Basic Contributions, if any, made on account of the Participant, as adjusted in accordance with Article 6.

Basic Account means Customer MAKash Wallet classified as Semi- closed system payment instruments issued by obtaining minimum details from the customer, such as, mobile number verified with OTP, self-declaration of name, e mail id and unique identification number of any of the ‘officially valid document’ as mandated under PML Rules/RBI directions/any other statutory body, from time to time. The type/nature of transactions under such wallets issued by obtaining minimum details from customers will be restricted to those permitted by RBI, from time to time, for such category of semi-closed prepaid instruments .

Basic Account means the basic account of the Pension Fund established in accordance with subparagraph 12.1(a)(i)(A).

Basic Account means an account which permits the User to place sell orders for cash by mail or cash pickup at the CB Address and buy orders for cash by mail or either cash or debit at the CB Address.

Basic Account means a basic Account accessible to every registered Recruiter but who has not paid any Premium Subscription.

Basic Account means a record separately maintained for each Participant, accounting for After-Tax Basic Contributions made by the Participant and the investment performance of such contributions. The Basic Account shall be divided into two sub-accounts, which shall be the "pre-1987 account" and the "post-1986 account." All After-Tax Basic Contributions contributed prior to January 1, 1987 shall be credited to the "pre-1987 account," and all After-Tax Basic Contributions contributed on and after January 1, 1987 shall be credited to the "post-1986 account." Gains and losses on After-Tax Basic Contributions shall be allocated to a given sub-account in the proportion that the amount in that sub-account as of the relevant Valuation Date bears to the total of the amounts in both sub-accounts as of that Valuation Date.

Basic Account means an account with the following features: