Interest Crediting Rate means, for a given Plan Year, a rate of interest equivalent to the average Moody’s Rate for such year plus two percentage points (2%).
Interest Crediting Rate means, for any Plan Year, the annual interest crediting percentage for such Plan Year for Post-2010 Balances under the Avnet Pension Plan. (As of January 1, 2012, the Interest Crediting Rate is 4% per year.)
Interest Crediting Rate means the interest rate declared by the Company which will be credited at least annually to a Participant's Deferred Compensation Accounts. For the first Plan Year, the interest rate shall be declared by the Company at the inception of the Plan and shall apply until the end of that year. Thereafter, the interest rate shall be declared by the Company by December 15th of each year for the following Plan Year. If it is not declared by that time, the rate for the following year shall be the prime rate of interest declared by the Frost National Bank of San Antonio plus two percent (2%), determined as of December 15th.
Examples of Interest Crediting Rate in a sentence
The Guaranteed Minimum Interest Crediting Rate is stated in the Policy Data Pages.
Interest shall be paid on any such refunds at Variable Interest Crediting Rate for each Plan Year, compounded annually.
On the last date of each month, the DCA maintained for each Participant shall be credited with an amount equal to the product of (i) one-twelfth (1/12th) of the Interest Crediting Rate for the quarter in which such month occurs, times (ii) the average balance in the DCA for that month.
The Interest Crediting Rate shall be adjusted quarterly for fluctuations in the three-month LIBOR rate.
The declared rates will never be less than the Minimum Interest Crediting Rate shown on a Contract Data page.
More Definitions of Interest Crediting Rate
Interest Crediting Rate for a Plan Year shall mean the interest rate determined and announced by the Committee at any time prior to the beginning of the Plan Year. The Committee will base the crediting rate upon an established index and shall document and communicate the index source prior to the beginning of the Plan Year.
Interest Crediting Rate means, for a given Plan Year, a rate of interest equivalent to the average Moody's Rate for such year plus two percentage points (2%) or, with respect to a Participant who is designated to receive a higher rate of interest by the Personnel Committee of the Board, such higher rate as determined by the Personnel Committee of the Board and communicated to such Participant."
Interest Crediting Rate means the Prime Rate reported in The Wall Street Journal at the beginning of the Plan Year. If the beginning of the Plan Year is a day in which The Wall Street Journal is not published, then the Prime Rate published for the date immediately prior to the beginning of the Plan Year shall be used.
Interest Crediting Rate means six percent (6%) interest per annum, compounded annually (or for periods between Valuation Dates which occur more frequently than annually, at such interest rate compounded for such periods as equates to a six percent (6%) interest rate per annum, compounded annually), except to the extent the Committee may declare another rate of periodic interest or other rate of earnings to be applicable, as determined under a methodology described in the regulations under Code Section 3121(v); provided, however, that after a Change in Control, the Committee shall obtain the consent of all affected Participants in order to reduce the Interest Crediting Rate.
Interest Crediting Rate means the fixed interest rate or floating market rate (e.g., 30-year treasury rate) approved by the Committee for purposes of allocating Interest Credits under Section 3.3.
Interest Crediting Rate means an annualized interest rate equal to the average of the Treasury Bond Rate for the immediately preceding Plan quarter plus 2%. The “Treasury Bond Rate” shall mean the average yield on United States Treasury Bonds, ten (10) years constant maturity as published by the Federal Reserve.
Interest Crediting Rate means the annual rate of interest selected by the Company's Board of Directors or a designated committee that will be used for the deemed interest for Participants Accounts in accordance with Section 7.