Plan Interest means the rate per annum, compounded annually on June 30, as the Board shall set and adopt at the end of each fiscal year, credited annually in each participant’s T-DROP account. The interest rate shall be 2% less than ATRS' average rate of return with a maximum of 6% and minimum of 2%. The Board will determine the interest rate for the following fiscal year based upon the rate of return for the immediately preceding twelve-month period ending March 31 prior to the start of such fiscal year. The initial calculation of this rate shall begin March 31, 2005, for interest to be credited in the 2005-2006 fiscal year.
Plan Interest means the rate per annum, compounded annually, as the Board shall adopt at the end of each fiscal year, credited annually on each T- DROP participant’s T-DROP account. The interest rate shall be 2% less than the System’s average rate of return with a maximum of 6% and minimum of 2%. Effective for fiscal years 2003-2004 and 2004-2005, the Board will determine the interest rate for the fiscal year based upon the rate of return for the twelve-month period ending March 31. The initial calculation of this rate shall begin March 31, 2004, for interest to be paid for the 2003-2004 fiscal year. Effective for fiscal year 2005-2006 and after, the Board will determine the interest rate for the next fiscal year based upon the rate of return for the immediately preceding twelve-month period ending March 31 prior to the start of such fiscal year. The initial calculation of this rate shall begin March 31, 2005, for interest to be paid in the 2005-2006 fiscal year.
Plan Interest means, with respect to any Participant Allocation, a Participant’s Total Notional Investment (including any notional interest accrued at the Participant Applicable Rate) minus the sum of such Participant’s previously unreduced Notional Advances reflected in the Participant’s Account with respect to such Participant Allocation (plus accrued and previously unreduced notional interest thereon) and such Participant’s previously unreduced Administration Fee.
Examples of Plan Interest in a sentence
The Instalment Plan Interest Rate is the rate of interest that we apply to purchases moved to an Instalment Plan.
The Instalment Plan Interest Rate will always be less than the general interest rate for purchases you make with the Credit Card.
We will let you know the Instalment Plan Interest Rate and the monthly repayment amount that will apply before you commit to an Instalment Plan.
Once you put a purchase on the Instalment Plan, interest at the Instalment Plan Interest Rate accrues daily on the amount you owe us on the Instalment Plan as it reduces over the period of the Instalment Plan.
The Instalment Plan is a feature of the Credit Card, which allows you repay us for larger purchases of goods and services made with the Credit Card together with interest at the Instalment Plan Interest Rate, over a 12 month period Instalment Plan.
More Definitions of Plan Interest
Plan Interest means interest at the legal rate, which shall mean the federal judgment rate pursuant to 28 U.S.C. ss.1961(a) in effect as of the Confirmation Date unless the Holder of a Claim objects thereto on or before the Confirmation Date, in which event the applicable rate for such objector will be the federal rate as determined by the Bankruptcy Court for such objector if such objector is determined to be the Holder of an Allowed Claim.
Plan Interest means interest computed at the nominal annual rate, compounded monthly, as will result in an annual percentage yield (APY) at the rate set forth on Appendix B hereto for the applicable Plan Years (or partial Plan Year for 2008) specified in such Appendix B. Upon recommendation of the Administrative Committee, the Committee may (but shall not be required to) increase or decrease the annual percentage yield rate for a Plan Year prior to the beginning of such Plan Year.
Plan Interest means, with respect to any Participant, such Participant’s Total Notional Investment (including any notional interest accrued at the Participant Applicable Rate) minus such Participant’s theretofore unreduced Notional Advances (plus accrued and previously unreduced notional interest thereon).
Plan Interest means the beneficial interest of the Employer in the Trust Fund as determined in accordance with the Agreement.
Plan Interest means, to the extent of any Claim classified under this Plan as a Secured Claim for voting purposes that is not repaid in full on the Plan Implementation Date and gives rise to Creditor Payment Rights from the HUSH Distribution Fund, interest accruing thereon following the Plan Implementation Date at the rate of five (5%) per annum;
Plan Interest means an unfunded and unsecured interest, expressed as a specified percentage of the Plan Account, as determined by the Compensation Committee of the Company’s Board of Mangers and set forth in a written or electronic notice furnished to each Participant for the applicable Plan Year, which has been allocated to a subaccount of a Participant’s Individual Account with respect to a Plan Year in accordance with Article V.
Plan Interest means (a) the total number of Units held by any Full Participating Trust and (b) an Company Securities and other assets held by any Full Participating Trust through a Trustee/Custodian pursuant to a Trust/Custodial Agreement as provided in Article XXIV.