Fund Subaccount definition

Fund Subaccount means a subaccount established pursuant to Section 4.2 to account for amounts whose Investment Adjustment is determined to particular Fund.
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Fund Subaccount means a subaccount established under a Participant’s Account that corresponds to a Fund elected by the Participant pursuant to Section 3.3 of the SSP.
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Fund Subaccount at any date shall mean with respect to any Participant the amount which the Participant elects to defer and have credited to his Fund Subaccount in accordance with subsection 3.02(g) of this Plan, plus any amounts the Participant elects to transfer to this Subaccount from the Cash Subaccount or the Stock Subaccount in accordance with the provisions of Section 3.02(h), reduced by any amounts the Participant elects to transfer from this Subaccount to the Cash Subaccount or the Stock Subaccount in accordance with the provisions of Section 3.02(h). The Participant shall designate his preference for the investment of the funds deferred by him under this Subaccount. Such designation shall be limited to the selection of one or more investment funds designated on the Participant's Deferral Election forms for the period in question. The Corporation or the Participant's employing Company and the Trustee, if a trust is funded, may elect to invest trust assets in such designated investment funds, but shall not be required to do so. In any event, the Participant's Fund Subaccount shall be credited with the hypothetical earnings, gains, losses, and changes in the fair market value of such Fund Subaccount for the time period that a Participant has amounts credited to the Fund Subaccount as if such investment designation had been followed (such amount being referred to herein as the "hypothetical earnings"). A bookkeeping entry shall be made of the amounts deferred or transferred to the Fund Subaccount, along with the hypothetical earnings on such amounts for each investment fund selected by the Participant.
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Examples of Fund Subaccount in a sentence

  • A Sinking Fund Subaccount is established in each of the Post-’07 S-1 Senior Subaccount and the Post-’07 S-1 Parity Subaccount for the redemption, at or prior to maturity, of Sinking Fund Bonds.

  • The Plan Administrator shall adjust each Investment Fund Subaccount to reflect any transfers under the Plan to or from that Investment Fund Subaccount, as of the end of each business day to reflect any distributions under the Plan made with respect to that Investment Fund Subaccount, and the Rate of Return on the related Investment Fund.

  • Each business day, each Fund Subaccount of a Participant’s Company Contribution Account shall be credited with earnings or losses in an amount equal to that determined by multiplying the balance credited to such Fund Subaccount as of the prior day, less any distributions valued as of the end of the prior day, by the Interest Rate for the corresponding Fund as determined by the Committee pursuant to Section 3.4(b).

  • The County hereby assigns to the Registered Owner of a Note all of its right, title and interest in and to all Pledged Revenues maintained in the related Note Fund Subaccount and agrees to hold such amounts in trust for the benefit of the Registered Owner.

  • The Pledged Revenues and any other funds lawfully available for the purpose shall be timely deposited upon receipt by the County into a Note Fund Subaccount and used solely and only for the purpose of paying the principal of and interest on the related Notes.

  • The American Century VP Mid Cap Value Fund Subaccount was closed to new investors beginning May 1, 2015.

  • However, a Scheduled Distribution may not be elected from a Fund Subaccount deemed to be invested in a Fund that includes an option for the Participant to elect to receive a distribution of an annuity contract.

  • The Plan shall, however, calculate the Rate of Return for each Investment Fund Subaccount on each business day.

  • As of the last day of each month, each Investment Fund Subaccount of a Participant's Account shall be credited with earnings in an amount determined by multiplying the balance credited to such Investment Fund Subaccount as of the last day of the preceding month by the Interest Rate for the corresponding Fund for the then current month.

  • Saskatchewan (Labour Relations Board), 2011 SKQB 380; Global Crédit & collection inc.


More Definitions of Fund Subaccount

Fund Subaccount at any date shall mean with respect to any Participant the amount which the Participant elects to defer and have credited to his Fund Subaccount in accordance with subsection 3.02(g) of this Plan, plus any amounts the Participant elects to
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Fund Subaccount means a separate subaccount established pursuant to Section 4.1 and 4.2 of the Plan which corresponds to a Fund elected by the Participant for investment of a portion of an Account.
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Related to Fund Subaccount

  • General Subaccount is defined in Section 8.02(a) of the Indenture.

  • Subaccount means any subaccount designated and established hereunder.

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

  • 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.

  • 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.

  • Subaccounts is defined in Section 8.02(a) of the Indenture.

  • 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.

  • 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.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • 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.

  • Excess Funds Subaccount is defined in Section 8.02(a) of the Indenture.

  • 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.

  • Capital Subaccount is defined in Section 8.02(a) of the Indenture.

  • 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.

  • 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.

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

  • Investment Account As defined in Section 3.12(a).

  • 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.

  • 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.

  • 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.

  • Voluntary Contribution Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan resulting from the Participant's nondeductible voluntary contributions made pursuant to Section 4.12.

  • Suspense Account means the account established by the Trustee for maintaining contributions and forfeitures which have not yet been allocated to Participants.

  • 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.

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

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