frozen account definition

frozen account means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person;

frozen account means a client account in which the account holder has instructed the Firm to cease trading securities within an account due to death, pending liquidation or transfer of the securities in the account, etc.

frozen account means an account with a relevant institution which is held or controlled by a designated person;

Examples of frozen account in a sentence

• If the Participant is less than age 59 1/2, a Participant may withdraw upon written request to the Plan Administrator all or part of the Deferral Contributions (and earnings thereon accrued as of December 31, 1988) in his Prior Plan Employee Frozen Account due to financial hardship as determined in accordance with the provisions of this Plan.

• The amount of federal, state and local income tax and employment ( e.g., FICA) tax liability the Participant would have incurred with respect to the payment of the Participant’s Frozen Account Balance if the Frozen Account Balance had been paid to the Participant during the 2008 Plan Year.

• The provisions of Section 7.3 and Section 7.7 shall not apply to any amount in a Frozen Account.

• Notwithstanding any other provisions of the Plan to the contrary, a Frozen Account will be held and distributed in accordance with the terms of this Section.

• In the event of an Unforeseeable Emergency, a Participant may, notwithstanding the other provisions of this Article 5, request to receive a distribution from his Account (exclusive of his Frozen Account) in an amount not to exceed the amount reasonably necessary to meet the Unforeseeable Emergency.

More Definitions of frozen account

frozen account means an account of a designated person;

frozen account means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person within the meaning of regulation6(2);

frozen account means funds or other assets —

frozen account for purposes of this Plan means the Participant's account to which amounts have been transferred directly from the predecessor profit sharing plan known as the "Restated Profit Sharing Plan and Trust Agreement" that Del Webb Corporation originally established in 1949 and later maintained as a "frozen" plan following the discontinuance of all contributions to such plan in 1976, as such Frozen Account may be adjusted from time to time as provided in Article 8.

frozen account means an account with a person that has permission under Part 4A of the Financial Services and Markets Act 2000 (permission to carry on regulated activity) which is held or controlled (directly or indirectly) by a Sanctions Disqualified Shareholder;

frozen account means an account with a relevant institution which is held or controlled(directly or indirectly) by a designated person;“relevant institution” means a person that has permission under Part 4A of the Financial Services and Markets Act 2000 F8 (permission to carry on regulated activity).(8) The definition of “relevant institution” in paragraph (7) is to be read with section 22 of the Financial Services and Markets Act 2000 F9, any relevant order under that section F10 and Schedule 2 to that Act F11.‌‌

frozen account means any account containing assets frozen pursuant to Section II of the Temporary Restraining Order (Doc. No. 13 at 5-6), Section II of the Stipulated Preliminary Injunction (Doc. No. 70 at 4-6), and/or Section E of the Final Judgment (Doc. No. 142 at 14-15), as modified by the Court’s February 28, 2011 and June 23, 2011 Orders (Doc. Nos. 115, 147).