NOV Account definition

NOV Account means each account being administered for the benefit of a Participant pursuant to Section 7.
Sample 1

Examples of NOV Account in a sentence

  • See Staff Comments at 6 and citations therein; Tr. 1842: 4-10 (Pasquale).Here, the results showed contaminant concentrations typical of sediments for this section of the Delaware River.

  • Upon the effective date of the Grant Merger, the Administrative Committee credited to a Participant’s NOV Account non-monetary units equal to shares of NOV Stock in an amount equal to the number of units representing Grant Shares credited to the Participant’s Grant Account multiplied by .781546.

  • Cash in the Share Account and the NOV Account representing fractional shares shall be distributed at the time of the next distribution of Credited Shares and NOV Shares.

  • Amounts not so converted shall be reflected as credited cash in an NOV Account and shall be added to any additional amounts of credited cash subsequently available for conversion; provided, however, that in the event the NOV Account reflects only credited cash and interest thereon as provided in Section 7(e), the cash value of such account shall not be converted into NOV Shares.

  • Except in the case of the death of the Participant, distribution(s) of share or stock certificate(s) representing the number of shares in the Share Account and the NOV Account shall be either in the form of a single distribution of shares or in approximately equal quarterly installments over a period not to exceed ten years as irrevocably selected by the Participant in the applicable election to defer.

  • When a distribution is to commence pursuant to Section 8, a stock certificate(s) representing the NOV Shares in the NOV Account on the last business day of the month preceding the date distribution is to commence, and the amount of any credited cash in such NOV Account, will be distributed as provided in Section 8, provided that all cash in the NOV Account shall be distributed at the time of the first distribution of stock representing NOV Shares.

  • In such event, any cash credits in the NOV Account shall not thereafter be converted into NOV Shares.

  • This section of the benchmarks covers the organisation of the legislature, including: procedure and sessions committees political parties, party groups and cross party groups, and parliamentary staff.

  • The Company shall establish on its books appropriate bookkeeping accounts for each Participant that will accurately reflect the Deferred Amount of each Participant, including the number of Credited Shares in the Participant’s Share Account and the number of NOV Shares in the Participant’s NOV Account.

  • We formally verify the working of SeDaSC by using high-level Petri nets, the Satisfiability Modulo Theories Library, and a Z3 solver.

Related to NOV Account

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

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

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

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

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

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

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Sub-Account means any of the individual sub-accounts of a Participant's Separate Account that is maintained as provided in Article VIII.

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

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • 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.

  • 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.

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

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

  • Regular account means the account established for each active and inactive member un-

  • 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.

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • Collection Accounts As defined in Section 3.10(a).

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

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

  • Excess Loss Account has the meaning set forth in Treas. Reg. Section 1.1502-19.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Commercial account means an arrangement whereby a retail distributor sells hazardous chemicals to an employer, generally in large quantities over time and/or at costs that are below the regular retail price.