Plan Trust Account definition

Plan Trust Account means that certain segregated, interest bearing account established by the Plan Trust into which shall be deposited all Plan Trust Assets constituting Cash and Cash proceeds from Plan Trust Assets.
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Plan Trust Account means that certain segregated, interest bearing account established by the Plan Trust into which shall be deposited recoveries from the liquidation of Plan Trust Assets and Available Cash.
Sample 1

Examples of Plan Trust Account in a sentence

  • It also directed a portion of revenue to the Basic Health Plan Trust Account.

  • Surgery must be accompanied by intensive therapy if speech is to be acquired.

  • Following the presentation, 20 minutes were allotted for public comments on the scope, content, and format of the environmental document.

  • On the Effective Date, the Plan Trustee shall establish the Plan Trust Account, the Plan Trust Operating Account, the Class 3.1 Recoveries Account and the Class 4 Recoveries Account and shall be responsible for the payment of all obligations required to be paid from such accounts under the Plan Trust Agreement.

  • At the Closing, the Plan Trustee shall establish the Plan Trust Account.

  • The employee that leaves his or her contributions in the Health Care Plan Trust Account shall only be entitled to health care coverage in conjunction with receiving a pension.

  • If the deadlines for providing voting directions to the Trustee by either telephone or this proxy card are not met or if the voting directions are invalid because the proxy card is not properly signed and dated, or if the telephone voting instructions are not followed (if I elect to vote using the telephone voting system), the shares held in my Savings Plan Trust Account will be voted by State Street Bank and Trust Company, as directed by the Public Issues Committee of the 3M Board of Directors.

  • Average number of shares during the periodFiscal year ended March 31, 2021102,650,741 sharesFiscal year ended March 31, 2020102,637,028 sharesNote: The number of treasury shares at the end of each period includes shares of the Company held by the BIP (Board Incentive Plan) Trust Account and the Share Grant ESOP (Employee Stock Ownership Plan) Trust Account (127,394 shares as of March 31, 2021 and 127,754 shares as of March 31, 2020).

  • All member benefits shall terminate as of said date provided, however, that all pending matters or controversies actually brought to the attention of the Panel Attorneys prior to said termination date shall be carried to conclusion by the servicing Plan Attorney even though all funds in the Plan Trust Account may have been fully disbursed and no further Plan funds are available for the payment of attorney’s fees.

  • Average number of shares during the periodThree months ended June 30, 2021102,232,208 sharesThree months ended June 30, 2020102,645,118 sharesNote: The number of treasury shares at the end of each period includes shares of the Company held by the BIP (Board Incentive Plan) Trust Account and the Share Grant ESOP (Employee Stock Ownership Plan) Trust Account (127,394 shares as of June 30, 2021 and 127,394 shares as of March 31, 2021).

Related to Plan Trust Account

  • Trust Account means the trust account established by the Company upon the consummation of its IPO and into which a certain amount of the net proceeds of the IPO, together with a certain amount of the proceeds of a private placement of warrants simultaneously with the closing date of the IPO, will be deposited.

  • Trust Accounts has the meaning assigned thereto in Section 5.1.

  • Plan Trust means the trust governed by the Plan.

  • the Trust Fund means the Bond(s) referred to in the First Schedule to the Declaration of Trust and the property from time to time representing the same (and also includes any other property which may become Trust Property as a result of any loan to the Trustees or any addition by way of gift or any accumulation of income).

  • Trust Account Property means the Trust Accounts, all amounts and investments held from time to time in any Trust Account (whether in the form of deposit accounts, Physical Property, book-entry securities, uncertificated securities or otherwise), and all proceeds of the foregoing.

  • Trust Assets means, with respect to the Appointments and to the extent held, deposited or invested by any Seller for the benefit of others (whether or not constituting all or a portion of the corpus of any trust) as collateral, trust assets or otherwise by the applicable Corporate Trust Contracts or any other applicable legal obligation, (a) all cash on hand or held in bank accounts (including the Deposits) or in money market funds, and (b) all shares, stock, bonds, debentures, notes, mortgages, guarantees, letters of credit, certificates of indebtedness, warrants, treasuries or other securities or financial instruments or property of any type or description.

  • Liquidating Trust Assets means the assets of a Debtor or Debtor-Controlled Entity to be transferred to a Liquidating Trust as may be determined by the Plan Administrator, which shall be described in a Liquidating Trust Agreement.

  • 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.

  • Retention Account means an interest bearing Dollar account of the Borrowers opened or (as the context may require) to be opened jointly by the Borrowers with the Account Bank and includes any sub-accounts thereof and any other account designated in writing by the Agent to be a Retention Account for the purposes of this Agreement;

  • Plan Trustee means the Person appointed pursuant to Article V of the Plan and the Plan Trust Agreement for the purpose of acting as Trustee of the Plan Trust in accordance with the terms and conditions contained in the Plan, the Plan Trust Agreement and the Confirmation Order.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • 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.

  • Rabbi Trust means a “rabbi trust” or other similar arrangement established by the Borrower or any of its Subsidiaries to hold assets in connection with an employee benefit plan or arrangement.

  • Note Account As defined in the Indenture.

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.

  • Administration Account As defined in Section 7.02.

  • Individual retirement account means a trust, custodial arrangement, or annuity under Section 408(a) or (b), Internal Revenue Code of 1954 (26 U.S.C. Section 408 (1986)).

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

  • Trust Funds means, in the aggregate, all of the Funds and Accounts.

  • 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.

  • Trust Fund The trust fund established by the Trust Agreement, the assets of which consist of the Mortgage Loans and any other assets as set forth therein. Trustee: U.S. Bank National Association, or any successor in interest, or if any successor trustee or co-trustee shall be appointed as provided in the Trust Agreement, then such successor trustee or such co-trustee, as the case may be.

  • 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 Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

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

  • Purchase Account means the account so designated in each Purchase and Remarketing Fund.

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