J&S Account definition

J&S Account means the portion of a Participant's Account that is transferred from another plan pursuant to an Appendix and is subject to the joint and survivor annuity rules described in Appendix N.
Sample 1

Examples of J&S Account in a sentence

  • Notwithstanding the foregoing, if a Participant or Beneficiary is entitled to receive a distribution from a J&S Account, the joint and survivor annuity rules of Appendix N shall apply to the distribution, notwithstanding anything in the Plan to the contrary.

  • If the forms of payment described in subsections (i) and (ii) had been rejected or did not apply, a Participant's J&S Account was paid in the form otherwise designated under this Plan.

  • Plan earnings after the Merger Date on amounts transferred from the Specialty Plan shall not be considered part of the J&S Account and shall not be subject to the joint and survivor annuity optional form of benefit rules.

  • Each Former Specialty Employee's Accounts shall be held and administered according to the terms of this Plan, subject to the following rules: (a) An amount equal to the balance in a Former Specialty Employee's Specialty Plan accounts as of the Merger Date shall be considered a J&S Account and shall be subject to the joint and survivor annuity optional form of benefit provisions of Appendix N of this Plan.

  • Payment from the J&S Account was made or began to be made as soon as administratively feasible after the Participant requested the payment, with the consent of his spouse, if any, but no less than 30 days after the notice form was given to the Participant.

  • If a Participant is unmarried at the time his benefits are to commence and the Participant's vested Account balance exceeds $5,000 ($3,500 prior to January 1, 1998) at the time of termination from employment, the Participant's J&S Account will be paid in the form of a Single Life Annuity, unless the Participant subsequently rejects this form of payment.

  • If a Participant was married at the time his benefits were to commence and the Participant's vested Account balance exceeded $5,000 ($3,500 prior to January 1, 1998) at the time of termination from employment, the Participant's J&S Account was paid in the form of a Qualified Joint and Survivor Annuity, unless the Participant rejected this form of payment, with the consent of his spouse, in the manner described below.

  • For purposes of electing a form of benefit by a Participant with a J&S Account, a joint and survivor annuity form of benefit is available as an optional form of benefit, in addition to those offered in Section VI or by another applicable Appendix.

  • If a Participant was unmarried at the time his benefits were to commence and the Participant's vested Account balance exceeded $5,000 ($3,500 prior to January 1, 1998) at the time of termination from employment, the Participant's J&S Account was paid in the form of a Single Life Annuity, unless the Participant rejected this form of payment in the manner described below.

  • If a Participant's Account balance exceeded $5,000 ($3,500 prior to January 1, 1998) at the time of termination from employment and part or all of the Participant's J&S Account was to be distributed before the Participant attained age 65, the Participant and his spouse, if any, must have consented to a distribution from the J&S Account before it was made.

Related to J&S Account

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Funds Account means an account held by you or any third parties maintained with any Participant.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Savings Account means an account, which is based on Mudarabah and its profit shall be calculated based on the profit earned on any balance maintained above the minimum threshold or average threshold (as may be agreed upon with the Bank).

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

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

  • Project Account means the account referred to in Section 3.04 (a) of this Agreement;

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Separate Accounts means the accounts which are to be prepared for each

  • Note Account As defined in the Indenture.

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Direct Account : means any Account which is not an ISA Account.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Omnibus Account means any Shareholder Account the record owner of which is a registered broker-dealer which has agreed with the Transfer Agent to provide sub-transfer agent functions relating to each Sub-shareholder Account within such Shareholder Account as contemplated by this Schedule I in respect of each of the Funds.

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

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

  • Disbursement Accounts has the meaning ascribed to it in Annex C.