Individual Account definition

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.

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

Individual Account means the account established pursuant to Section 3.

Examples of Individual Account in a sentence

• In the case of a Preexisting Individual Account that is a Lower Value Account, an “in-care-of” address outside the United States or “hold mail” address shall not be treated as U.S. indicia.

• Subject to subparagraph E(2) of this section, a Preexisting Individual Account with a balance or value that does not exceed $50,000 as of June 30, 2014.

• As of the date that an employee becomes a member of the Individual Account Program established by Section 29 of Chapter 733, Oregon Laws 2003 and pursuant to Section 3 of that same chapter, the State will pay an amount equal to six percent (6%) of the employee’s monthly salary, not to be deducted from the salary, as the employee’s contribution to the employee’s account in that program.

• At that time bargaining unit employees will begin to make their own six percent (6%) contributions to their PERS account or the Individual Account Program as applicable.

• An Individual Account is an account in the name of one depositor only.

More Definitions of Individual Account

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 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 the account opened in the records of a central depository in the name and on behalf of an owner of financial instruments and which is used to record the holdings of an owner of financial instruments.

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 has the meaning set forth in §1.1471- 1(b)(64).

Individual Account means a natural person Member’s technical and legal access to the Platform.