Deduction Account definition
Examples of Deduction Account in a sentence
On September 5, 2012, each of SPE Mauritius Holdings and SPE Mauritius Investments was issued a Tax Deduction Account Number (TAN) by the Income Tax Department of India.
On [ ,2012], each of SPE Mauritius Holdings and SPE Mauritius Investments were granted a (i) Permanent Account Number and (ii) a Tax Deduction Account Number by the Income Tax Department of India.
Upon termination of the Plan, all amounts in an employee's Payroll Deduction Account that are not used to purchase Common Stock, plus any interest accrued thereon, will be refunded.
The Deduction Account is not to be closed, nor go into unarranged overdraft or excess during the term of the Loan unless specifically agreed to by us.
The Employer shall implement a Flexible Spending (Payroll Deduction) Account for medical care for all Employees covered by the Fund under this Agreement through IRS Code §§125 and 129.
All regular payroll deductions and voluntary contributions shall be credited to the Payroll Deduction Account that the Bank has established in the name of the Participating Employee.
Company Representative has the authority to act for and on behalf of Company in respect of the Work and, subject to any delegation of such authority, shall be responsible for issuing all notices, information, instructions, directions and decisions to Contractor and receiving from Contractor all notices, information and decisions as required under this MSA.
Unless the Participant elects to withdraw from the Plan as provided in Section 9, the funds in the Participant's Payroll Deduction Account will not be refunded to the Participant but instead will be used to purchase Shares for the Participant on the Purchase Date.
As of the first Purchase Date on which this Section limits a Participant's ability to purchase Shares, the Participant's payroll deductions will terminate, and the Participant will receive a refund of the balance in the Participant's Payroll Deduction Account as soon as practicable after the Purchase Date.
Each Participating Employee having eligible funds in his or her Payroll Deduction Account on an Investment Date shall be deemed, without any further action, to have purchased the number of whole and fractional shares which the eligible funds in his or her Payroll Deduction Account could purchase at the Purchase Price.