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 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.

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.

Examples of Fund Subaccount in a sentence

Amounts deposited in the Tax and Insurance Impound Fund pursuant to paragraph 6(a) of the Deed of Trust shall be allocated to the Tax and Insurances Impound Fund Sub-account.
Prior to the disbursement by the Trustee of amounts on deposit in the Restricted Loan Subaccount, the Trustee shall receive Construction Loan Advances delivered on behalf of the Borrower for deposit into the Collateral Fund Subaccount.
The Trustee shall deposit into the Collateral Fund Subaccount all Construction Loan Advances received in accordance with the Construction Loan Agreement and the Intercreditor Agreement.
Stock Fund Subaccount in the same manner as prescribed in this Section 14.7, to the extent required by the provisions of the Plan and applicable laws.
Funds designated for deposit into the Casualty/Condemnation Fund Subaccount shall be deposited into that subaccount.
Stock Fund Subaccount shall be voted in accordance with the written direction of the Participant.
As provided in the Deposit Account Agreement, the Deposit Bank shall establish the following subaccounts: (i) the Tax and Insurance Escrow Fund Subaccount; (ii) the Monthly Debt Service Payment Subaccount; (iii) the Capital Reserve Fund Subaccount; (iv) the Required Repair Fund Subaccount; (v) the Casualty/Condemnation Fund Subaccount; (vi) the Rollover Reserve Fund Subaccount; and (vii) the Borrower's Subaccount.
Upon final disbursement of all amounts on deposit in the Restricted Loan Subaccount, the Collateral Fund Subaccount, and/or the Construction Loan Prepayment Subaccount, the Trustee shall close the Restricted Loan Subaccount, the Collateral Fund Subaccount, and/or the Construction Loan Prepayment Subaccount, as applicable.
To the extent sufficient funds are not otherwise available to the Trustee, including money on deposit in the 2020 Series C subaccount of the Debt Service Reserve Fund or the Collateral Fund Subaccount, the Trustee shall transfer from the Restricted Loan Subaccount to the 2020 Series C subaccount of the Debt Service Reserve Fund sufficient money to pay a pro rata portion of the amounts due on the 2020C Bonds.
At the time that any dividends are paid on the Sonat Stock Fund or the applicable mutual fund, as the case may be, the Participant's Phantom Stock Subaccount or Phantom Mutual Fund Subaccount, as the case may be, shall be adjusted to reflect such dividend payment in a manner consistent with the treatment of accounts that are actually invested in the Sonat Stock Fund or the applicable mutual fund, as the case may be.

More Definitions of Fund Subaccount

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.

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.