FBU Account definition

FBU Account means an account established on the Company’s books and records on behalf of an FBU Participant equal to the sum of the FBU Participant’s (i) FBU Deferral Account, (ii) FBU Bonus Account and (iii) Company Contribution Account.
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Examples of FBU Account in a sentence

  • The payment of a deceased Participant’s vested Account balance, a deceased FBU Participant’s FBU Account and any FBU Transferred Account or a deceased CSR Participant’s CSR Account balance to his or her Beneficiary shall fully and completely discharge all Employers and the Benefits Committee from all obligations under the Plan with respect to such Participant, FBU Participant or CSR Participant.

  • There is evidence of duplication, both within the accreditation process, where the Secretariat and AP are carrying out similar tasks, and between the accreditation and funding proposal processes, where the same processes are checked in the context of the institutional and project levels.

  • Each Participant, FBU Participant and CSR Participant in connection with his or her commencement of participation in the Plan, shall elect on an Election Form to receive his or her vested Account balance, vested FBU Account balance or CSR Account balance, as the case may be, and, with respect to an FBU Participant, any FBU Transferred Account, on account of his or her Separation from Service in a cash lump sum or pursuant to the Quarterly Installment Method for a maximum period of five years.

  • A FBU Participant’s Change in Control Benefit shall be equal to the FBU Participant’s FBU Account balance and FBU Transferred Account balance, if any, calculated at the same time and paid in the same form and within the same time period as the vested Account balance of a Participant with respect to whom a Change in Control occurred.

  • Each Participant, FBU Participant and CSR Participant, in connection with his or her commencement of participation in the Plan, shall elect on an Election Form to receive his or her Account balance, FBU Account balance or CSR Account balance, as applicable, and with respect to an FBU Participant, any FBU Transferred Account balance, on account of Retirement in a cash lump sum or pursuant to the Quarterly Installment Method for a maximum period of 15 years.

  • If a Participant, an FBU Participant or a CSR Participant fails to designate a Beneficiary or, if no Beneficiary survives the participant (or if no Beneficiary survives until the complete distribution of the Participant’s vested Account balance, the FBU Participant’s vested FBU Account balance and any FBU Transferred Account balance or the CSR Participant’s CSR Account balance), then the participant’s Beneficiary shall be deemed to be his or her surviving spouse.

  • Without limiting the foregoing, each Participant’s Account, each FBU Participant’s FBU Account and each CSR Participant’s CSR Account shall at all times be a bookkeeping entry only and shall not represent any investment made on his or her behalf by the Company or the Trust.

  • The theory enabled the researcher to find out those society’s social norms that have an influence to gender inequalities in almost all spheres of life, resulting to gender violence inform of sexual harassment.

  • A Participant, an FBU Participant or a CSR Participant who experiences an Unforeseeable Emergency may file a request with the Benefits Committee to receive a distribution from his or her vested Account balance, vested FBU Account balance or CSR Account balance, as the case may be, equal to an amount reasonably necessary to satisfy his or her emergency financial need and pay any taxes and penalties reasonably anticipated as a result of the distribution.

  • The full payment of a Participant’s vested Account balance, an FBU Participant’s vested FBU Account and any FBU Transferred Account and a CSR Participant’s CSR Account balance shall completely discharge all obligations to such Participant, FBU Participant or CSR Participant and his or her Beneficiary under the Plan, and the Participant’s, FBU Participant’s or CSR Participant’s Plan Agreement shall terminate.

Related to FBU Account

  • 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.

  • Share Account means the brokerage account established by the Agent for each Participant to which shares of Common Stock purchased under the Plan are credited in accordance with Section 9. The Share Account will be established pursuant to a separate agreement between each Participant and the Agent.

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

  • Regular account means the account established for each active and inactive member un-

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

  • Retention Account means an interest bearing Dollar account of the Borrowers opened or (as the context may require) to be opened jointly by the Borrowers with the Account Bank and includes any sub-accounts thereof and any other account designated in writing by the Agent to be a Retention Account for the purposes of this Agreement;

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

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

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Private Account means the portion of a portfolio of a private client or mutual fund client for which the Adviser serves as investment adviser or subadviser.

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

  • 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.

  • 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.

  • 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.

  • Separate Accounts means the accounts which are to be prepared for each

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

  • Employee Account means any brokerage account or unit investment trust account in which the Van Kampen Employee has any direct or indirect beneficial ownership.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • 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.

  • Stock Account means the account maintained on behalf of the Participant by the Custodian for the purpose of holding Stock acquired under the Plan.

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

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Unit Account means a notional account opened and managed by Us for You, in which the Units are allocated following the receipt of the Premium from You and in which the Units are cancelled by Us for the purpose of paying the benefits or for recovering the applicable charges;