Basic Savings definition

Basic Savings means the Basic After-Tax Savings contributed by a Member and the Basic Before-Tax Savings and Basic Roth 401(k) Savings contributed on a Member’s behalf.
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Basic Savings means, with respect to a Participant for a calendar year, the Participant's "basic pre-tax savings," as defined in the Savings Plan, under the Savings Plan for the calendar year.
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Basic Savings means the Basic After-Tax Savings
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Examples of Basic Savings in a sentence

  • When the account reaches $10,000, we will deposit the $100 bonus into the Basic Savings Account within 90 days.

  • This applies to your Basic Savings account and all types of checking.

  • If you fail to deposit $20.00 per month for three months during a twelve- month period, the funds in the account will be transferred to the Basic Savings Account.

  • If more than $400 per month is deposited, the excess will be automatically transferred to the Basic Savings Account.

  • The entire balance of Your Account will be transferred to Your Basic Savings Account on Your 18th birthday, subject to the applicable terms and conditions of such Account.

  • For the Junior TopRate Savings Account: • the minimum interest as prescribed by Bank Negara Malaysia (BNM) shall apply; • there is a limit of 1 withdrawal per month only; and • the Customer agrees to attend at the Bank in person with the beneficiary to convert the Junior TopRate Savings Account into Basic Savings Account when the beneficiary attains the age of 18.

  • In addition to compatible software, you must have an Online Banking User ID, a password and maintain one or more of the following eligible accounts at Institution: • Basic Checking • Plus Checking • Premier Checking • Basic Savings • Personal Money Market • Small Business Checking • Small Business Plus Checking • Premier Business Checking • Business Savings • Business Money Market Saving Your password will give you access to Institution accounts via Online Banking.

  • REGULAR SAVINGS ACCOUNTS (Basic Savings and Young Savers) Basic Savings (which is no longer sold) was available only to Basic Checking, Direct Checking, and BB&T Free clients.

  • If you close your existing Basic Checking, Direct Checking, or BB&T Free account and you have Basic Savings, your Basic Savings account will be converted to a Regular Savings account within sixty (60) days from the date the checking account is closed.

  • Matching Contributions will not be made on behalf of a Member if such Member does not elect to make Basic Savings Contributions.

Related to Basic Savings

  • Cost Savings has the meaning assigned to it in the definition of “Consolidated EBITDA”.

  • Tax Savings means the difference between the dollar amount of real property taxes levied in any year on land valued and assessed in accordance with its current agricultural use value and the dollar amount of real property taxes that would have been levied upon such land if it had been valued and assessed for such year in accordance with Section 2 of Article XII, Ohio Constitution.

  • Basic Monthly Earnings means your monthly rate of earnings from the Sponsor in effect immediately prior to the date Disability or Partial Disability begins. However, such earnings will not include bonuses, commissions, overtime pay and extra compensation.

  • Company Matching Contributions means the Company contributions described in Section 3.4.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.