OSPP Account definition

OSPP Account means a non-interest-bearing cash account maintained by the Custodian as described in Section 6(a) hereof.
Sample 1

Examples of OSPP Account in a sentence

  • Subject to the limitation set forth in Section 6(b), all of the available funds in the OSPP Account shall be used to purchase shares of Common Stock and fractional shares.

  • An equal amount of the Additional Officer Compensation shall be deducted from the Participating Officer's wages, after all tax withholdings have been applied, and such equal amount then shall be deposited by the Company into the OSPP Account in the name of the Participating Officer.

  • Prior to termination of this OSPP, shares of Common Stock may be purchased pursuant to this OSPP with available Additional Officer Compensation in the OSPP Account, and such shares deposited in the Officer's Account as provided herein.

  • SelflessnessHolders of public office should act solely in terms of the public interest.2. IntegrityHolders of public office must avoid placing themselves under any obligation to people or organisations that might try inappropriately to influence them in their work.

  • On each Purchase Date, whole and fractional shares of Common Stock shall be purchased using the available funds in the OSPP Account.

  • The OSPP Account shall be maintained in the name of the Custodian for the benefit of the Participating Officers according to their respective interests, and in which the Company has no interest.

  • Upon purchase of shares from the funds in the OSPP Account and the deposit of such shares into the Officer Accounts as their interests appear, the Company may immediately terminate this OSPP.

  • Any Additional Officer Compensation remaining in the OSPP Account at such time will be used to purchase shares as provided in the OSPP and such shares shall be deposited into the Officer's Account within 30 days of the date of such Officer became ineligible to participate in the OSPP.

Related to OSPP Account

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

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • Payroll Deduction Account means the bookkeeping account established for a Participant in accordance with Section 6.

  • 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.

  • Share Account means the brokerage account established by the Agent for each Participant to which shares of Common Stock purchased under the Plan are credited in accordance with Section 9. The Share Account will be established pursuant to a separate agreement between each Participant and the Agent.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Plan Account means the account established for each Participant pursuant to Section 8(a).

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Employer Account The Participant's Matching 401(k) Contributions Account, Matching Thrift Contributions Account, Employer Contributions Account, Qualified Matching Contributions Account and Qualified Nonelective Contributions Account, as the case may be.

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

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

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

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

  • 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.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

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

  • 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.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

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

  • Stock Account means the account maintained on behalf of the Participant by the Custodian for the purpose of holding Stock acquired under the Plan.

  • 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.