Participant’s Account definition

Participant’s Account means an account maintained for each Participant’s participation in DSUs and/or RSUs under the Plan;

Participant’s Account means an account maintained to reflect each Participant’s participation in RSUs, PSUs and/or DSUs under the Plan;

Participant’s Account is not meant to confer on the Participant any rights to his Account except as specifically provided in the Plan.) This Account is expressed in Units of the separate investment account described in section 2.1. A number of Units will be added to the Participant's Account on each day a contribution is received by Prudential for the Participant. This number is determined by dividing the dollar amount of the contribution by the Unit Value for the day the contribution is received (see section 2.2 for a description of the Unit Value). A number of Units will be subtracted from the Participant's Account on each day on which a withdrawal is made from his Account. This number is equal to the number requested for withdrawal or, if applicable, the number determined by dividing the dollar amount to be withdrawn by the Unit Value for the day of withdrawal. A Participant's Account is the sum of the Units added to it, less the sum of the Units subtracted from it. The dollar value of a Participant's Account as of any day is the product of the number of Units in his Account at the close of business on that day and the Unit Value for that day. The Account is subject to charges described later.

Examples of Participant’s Account in a sentence

• With respect to the payment of amounts credited to a Participant’s Account, the Participant and his Beneficiaries have the status of unsecured creditors of the Participating Fund to which such Account relates.

• A Participant’s investment allocation shall be used solely for purposes of adjusting the value of a Participant’s Account Balances.

• Notwithstanding any provision herein to the contrary, payment of a Participant’s Account shall be accelerated to the extent (and only to the extent) reasonably necessary to avoid the violation of an applicable Federal, state, or local conflicts of interest law.

• The Boards reserve the right to amend, in whole or in part, and in any manner, any or all of the provisions of this Plan by action of the Boards, except that no amendment shall reduce the balance in any Participant’s Account, or (unless necessary to comply with the 1940 Act or other applicable law) significantly delay the time at which such balance is payable without the consent of the Participant affected.

• Without limiting the foregoing, a Participant’s Account Balance shall at all times be a bookkeeping entry only and shall not represent any investment made on his or her behalf by the Company or the Trust; the Participant shall at all times remain an unsecured creditor of the Company.

More Definitions of Participant’s Account

Participant’s Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan and Trust resulting from the Employer's Non-Elective Contributions. A separate accounting shall be maintained with respect to that portion of the Participant's Account attributable to Employer matching contributions made pursuant to Section 4.1(b) and Employer discretionary contributions made pursuant to Section 4.1(c).

Participant’s Account means an account maintained for each Participant's participation in DSUs and/or RSUs under the Plan;

Participant’s Account means an account established by the Administrative Agent with respect to each Participant under the Plan pursuant to Section 9.4;

Participant’s Account means an account established at CalHFA for the purpose of holding Participant Funds transferred to CalHFA under the terms of the Program and this Agreement, which may include sub-accounts. The Participant’s Account includes quarterly interest earnings, disencumbered COSR funds, and may include residual receipt loan payments authorized by Participant to be deposited therein.

Participant’s Account means the account established in respect of each Participant pursuant to Clause 5.2.

Participant’s Account means the book entry account established on behalf of Participant in accordance with Section 2.1 hereof.

Participant’s Account means a notional account maintained for each Participant's participation in the Plan which will show any Restricted Share Units, Performance Share Units or Deferred Share Units credited to a Participant from time to time;