Corrective Distribution definition

Corrective Distribution shall have the meaning assigned to such term in Section 4.11.
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Corrective Distribution shall have the meaning ascribed to such term in the Trust Agreement.
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Corrective Distribution means the amount of any Savings Plan excess contribution (as defined under Code Section 401(k)(8)) which is distributable to a Participant.
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Examples of Corrective Distribution in a sentence

  • If the Closing Trading Price for a Share of a Fund on any Business Day is not based on one or more trades occurring on the Exchange during the last 30 minutes of that day, the Closing Trading Price for that day will be deemed not to have deviated from such Share’s Class Value per Share on that day for the purposes of measuring for a Corrective Distribution.

  • For the AccuShares Spot CBOE VIX Fund, immediately following each Regular Distribution or Special Distribution, and any Corrective Distribution occurring on the same Distribution Date as such Regular Distribution or Special Distribution, by the AccuShares Spot CBOE VIX Fund, and on each Tuesday Share Index Factor Reset Date (as defined below) such Fund will establish a new Share Index Factor for each of its Classes.

  • A Fund will establish a new Share Index Factor that, in the case of such Fund’s Up Shares, will equal the quotient obtained by dividing (A) the Class Value per Share of such Class immediately following such Regular Distribution or Special Distribution and any such Corrective Distribution by (B) the level on such day of such Fund’s Underlying Index, and in the case of such Fund’s Down Shares, will equal the product obtained by multiplying the Share Index Factor of such Fund’s Up Shares by negative one (-1).

Related to Corrective Distribution

  • Incentive Distributions means any amount of cash distributed to the holders of the Incentive Distribution Rights pursuant to Section 6.4.

  • Income Distribution shall be calculated as set forth in subparagraph (A), below, unless the Prospectus provides for the averaging of income distributions, in which case, "Income Distribution" shall be shall be calculated as set forth in subparagraph (B), below. Accordingly, the Unitholder's "Income Distribution" shall be equal to:

  • Share Distribution means a dividend payable in shares of any class or series of capital stock, Convertible Securities or other equity securities of the Corporation or any other Person.

  • Pre-Distribution Period means any Tax Period ending on or before the Distribution Date, and, in the case of any Straddle Period, the portion of such Straddle Period ending on the Distribution Date.

  • Final Distribution means any distribution made in redemption of all or a portion of the Up-MACRO Holding Shares pursuant to Section 5.2(a) or 5.2(c) on the Final Scheduled Termination Date, an Early Termination Date or a Redemption Date.