Deferred Account definition
Examples of Deferred Account in a sentence
In the event the Trustee fails to properly designate a Beneficiary, the balance of such Trustee's Deferred Account shall be paid in a lump sum to such Trustee's estate.
All amounts in the Executive's Deferred Account shall be subject to the claims of the creditors of Holdings.
With respect to the Investors A Units, Holdings shall credit Employee's Deferred Account with any distributions made in respect of such Investors A Units pursuant to or in accordance with Sections 4.4(a)(i) and 4.4(a)(ii) of the Investors' Amended and Restated Limited Liability Company Agreement, dated April 10, 2001 (the "Investors LLC Agreement").
In the event Investors distributes non-cash property to holders of Investors A Units pursuant to Sections 4.4(a)(i) or 4.4(a)(ii) of the Investors LLC Agreement, Holdings shall credit Executive's Deferred Account in an amount equal to the fair market value of such property, as determined by the Management Committee of Investors.
Executive's Deferred Account shall not be credited with any distributions made in respect of Investors A Units pursuant to or in accordance with any subsections of Section 4.4 of the Investors LLC Agreement other than Sections 4.4(a)(i) and 4.4(a)(ii) thereof.