Individual Account definition

Individual Account. Means the account established and maintained under this Plan for each Participant in accordance with Section 4.01.
Individual Account means an Account payable to or on the order of one Account Holder while that Account Holder remains living. Account Holder agrees that Bank shall pay to or on the order of Account Holder, or Account Holder’s Agent, until Bank receives a certified copy of a death certificate verifying the death of Account Holder and Bank has had a reasonable opportunity to act on such information. Upon certification of the death of Account Holder, no deposits will be accepted to the Account, no checks will be paid on the Account and the Account will not be released until Bank has been presented with satisfactory documentation to determine, in Bank’s discretion, what the proper distribution of the Account should be.
Individual Account means the account established pursuant to Section 3.

Examples of Individual Account in a sentence

  • Individual Account Plan Hardship Withdrawal Will Be Available Beginning September 1, 2023 Beginning September 1, 2023, Participants who are vested in the Motion Picture Industry Individual Account (“IAP” or “Plan”) as of the year ended December 2022 will be able to apply for a one-time special early withdrawal of an elected amount of need of up to 20% of their 2022 IAP account balance not to exceed a maximum dollar limit of $20,000.

  • Click on Upload Document and then select Create New Individual Account link under the Logon ID and Password boxes.


More Definitions of Individual Account

Individual Account means account or accounts maintained by natural persons, including accounts in the names of personal representatives of such persons and accounts held on trust for such persons;
Individual Account means an Account payable to or on the order of one Customer while that Customer remains living. Customer agrees that Bank shall pay to or on the order of Customer, or Customer's Agent, until Bank receives a certified copy of a death certificate verifying the death of Customer and Bank has had a reasonable opportunity to act on such information. Upon certification of the death of Customer, no deposits will be accepted to the Account, no cheques will be paid on the Account and the Account will not be released until Bank has been presented with satisfactory documentation to determine, in Bank's discretion, what the proper distribution of the Account should be.
Individual Account. This is an account in the name of one person.
Individual Account means a separate account maintained by the Custodian for each Employee participating under Section 5 hereof.
Individual Account means a natural person Member’s technical and legal access to the Platform.
Individual Account has the meaning set forth in §1.1471- 1(b)(64).
Individual Account means an account for accessing NMCRIS and the records repository for each qualified user.