Examples of Other Investment Account in a sentence
Each Participant in the Plan who has attained age fifty-five (55) and has completed at least ten (10) years of participation in the Plan shall be permitted to elect, as to not more than twenty-five percent (25%) (reduced by amounts previously diversified) of his or her Employer Stock Account, to have Employer Stock in such amount liquated from his or her Employer Stock Account and transferred to his or her Other Investment Account.
The Loan Suspense Account, other than dividends used to repay the Acquisition Loan, will be allocated to Participants’ Other Investments Accounts, pro rata, based on their Other Investment Account Balances as of the first day of the Valuation Period; provided, however, that shares of Company Stock allocated pursuant to Section 5.09 of the Plan shall be allocated to the Participants’ Company Stock Account in accordance with the provisions of the Section 5.09 of the Plan.
ACCOUNT means, with respect to each Participant, the aggregate value of his or her Employer Stock Account and Other Investment Account.
Accordingly, all interest and other earnings attributable to such earmarked investments shall be allocated and credited exclusively to the Other Investment Account of the Participant who has made such election.
Distribution of benefits will be made entirely in whole shares of Employer Stock except that the value of any fractional share and any portion of the Participant’s Other Investment Account which has been diversified in accordance with Section 4.3 will be paid in cash.
At the election of Participants or their Beneficiaries, paid in accordance with paragraph (1) or (2) above, or paid to the Plan and reinvested in Company Stock; provided, however, that if cash dividends are reinvested in Company Stock, then Company Stock allocated to the Participant's Company Stock Account shall have a fair market value not less than the amount of cash dividends which would have been allocated to such Participant's Other Investment Account for the year.
For the purpose of facilitating elective diversification hereunder, the Trustee may make available under the Participant’s Other Investment Account at least three investment vehicle alternatives to the investment of assets of the Trust in qualified employer securities that comply with the requirements of Code Section 401(a)(28) and any applicable Regulation.
If a portion of a Participant's Account is forfeited, Company Stock allocated to such account must be forfeited only after the Other Investment Account has been depleted.
Within a reasonable period of time after the rebalancing period, the Administrator shall reallocate amounts in a Participant's Employer Stock Account and Other Investment Account so that after the rebalancing, the percentage of the aggregate Accounts, excluding Rollover Accounts, invested in Employer Stock is equal to the percentage amount specified in the Adoption Agreement.
Each such Participant shall receive (or have allocated to his Other Investment Account) a fraction of the total cash dividends distributed or allocated.