DRP Account definition

DRP Account means an account maintained on behalf of a Participant by Westpac for the purpose of carrying forward the residual amount calculated in accordance with clause 7.5, the balance of which is to be handled in the manner set out in clause 7.1;
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DRP Account means an account in the name of a Participant established by the Company under clause 8.2 and maintained in accordance with these Rules;
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DRP Account means an account established and maintained under Rule 6.3(a).
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Examples of DRP Account in a sentence

  • The Company must establish and maintain a DRP Account for each DRP Participant.

  • DRP Account means an account established and maintained under Rule 6.3(a).

  • Collision Shop Solutions will provide the Client with a "Rejection" / "Acceptance" notification that will allow the client the right to "Accept" or "Reject" any proposed Insurance DRP Account.

  • Not later than March 31st of each year until Developer Reinvestment Proceeds are exhausted, Developer shall provide Agency with an audited accounting of the Commercial Reinvestment Proceeds and the DRP Account which shall include the revenue and expense activity.

  • Amounts standing to the credit of a DRP Account do not accrue any interest.

  • If Mirvac suspends or terminates the Plan in accordance with rule 10 but the Participant remains a Securityholder, any residual positive DRP Account balance at that time will be added to the next Distribution payment and returned to the Participant in accordance with their Distribution Payment Instructions.

  • The Administrators must establish and maintain a DRP Account in respect of each DRP Participant.

  • In the event of termination of participation in the DRP by a Participant, as outlined in clause 10, any residual positive balance in the Participant's DRP Account at that time will be paid by cheque or direct credit to the Participant.

  • Alternatively, Boral may elect to donate such residual positive balance in the Participant's DRP Account at that time to a registered charity selected by it and in such event, Participants will not be issued with a receipt in relation to such donation.

  • A Securityholder who applies to participate in the Plan will, in making such application, be deemed to have directed Mirvac to apply such monies in the Participant’s DRP Account as required for the subscription or transfer of the number of Stapled Securities determined in accordance with rule 6.4.


More Definitions of DRP Account

DRP Account means the account established and maintained by the Responsible Entity for each DRP Participant in accordance with these terms and conditions.
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DRP Account means an account established and maintained under Clause 5.3.
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DRP Account means an account maintained on behalf of a Participant by LaserBond for the purpose of carrying forward the residual amount calculated in accordance
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Related to DRP Account

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Employer Account The Participant's Matching 401(k) Contributions Account, Matching Thrift Contributions Account, Employer Contributions Account, Qualified Matching Contributions Account and Qualified Nonelective Contributions Account, as the case may be.

  • Participant’s Account means an account maintained for each Participant’s participation in DSUs and/or RSUs under the Plan;

  • Plan Account means the account established for each Participant pursuant to Section 8(a).

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • 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.

  • Account Balance means, with respect to a Participant, an entry on the records of the Employer equal to the sum of (i) the Deferral Account balance, (ii) the Company Contribution Account balance, and (iii) the Company Restoration Matching Account balance. The Account Balance shall be a bookkeeping entry only and shall be utilized solely as a device for the measurement and determination of the amounts to be paid to a Participant, or his or her designated Beneficiary, pursuant to this Plan.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Payroll Deduction Account means the bookkeeping account established for a Participant in accordance with Section 6.

  • Individual Account Means the account established and maintained under this Plan for each Participant in accordance with Section 4.01.

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Sub-Account means any of the individual sub-accounts of a Participant's Separate Account that is maintained as provided in Article VIII.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.