Recordkeeping Account definition

Recordkeeping Account means the account maintained in the books and records of the Company recording the amount withheld from each Participant through payroll deductions made under the Plan.
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Recordkeeping Account means the account maintained in the books and records of the Company recording the amount contributed to the Plan by each Participant through payroll deductions.
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Recordkeeping Account means an individual account or the aggregate of all individual accounts tracking your obligation to Participants under the Plan.
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Examples of Recordkeeping Account in a sentence

  • The Company shall maintain a Recordkeeping Account for each Participant.

  • The amounts credited to a Recordkeeping Account may not be assigned, transferred, pledged or hypothecated in any way, and any attempted assignment, transfer, pledge, hypothecation or other disposition of such amounts will be null and void and without effect.

  • A Participant may not make any separate cash payment into the Recordkeeping Account.

  • The Recordkeeping Account is established solely for accounting purposes, and all amounts credited to the Recordkeeping Account will remain part of the general assets of the Company.

  • No interest will be credited to a Participant’s Recordkeeping Account (unless required under local law).

  • Except as otherwise determined by the Board, upon termination of this Plan, the Company shall pay to each Participant cash in an amount equal to the entire remaining balance in such Participant’s Recordkeeping Account.

  • The Recordkeeping Account is established solely for accounting purposes, and all amounts credited to the Recordkeeping Account will remain part of the general assets of the Company and need not be segregated from other corporate funds (unless required under local law).

  • If the employment of a Participant is terminated for any reason, including death, disability, or retirement, the entire balance in the Participant’s Recordkeeping Account will be refunded in cash to the Participant within 30 days after the date of termination of employment.

  • If a Participant withdraws from the Plan, the Company will pay to the Participant in cash the entire balance in such Participant’s Recordkeeping Account and no further deductions will be made from the Participant’s Eligible Compensation during such Purchase Period.

  • No interest will be credited to a Participant’s Recordkeeping Account.


More Definitions of Recordkeeping Account

Recordkeeping Account means the account maintained in the books and records of ADM (or its agent) recording the amount contributed to the Plan by each Participant through payroll deductions.
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Related to Recordkeeping Account

  • Recordkeeper means a “financial intermediary” as defined in Rule 22c-2 of the Investment Company Act.

  • Separate Accounts means the accounts which are to be prepared for each

  • Administration Account As defined in Section 7.02.

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

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

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Designated Accounts as used in any security agreement means both the Designated Accounts hereunder and the “Designated Accounts” in the comparable agreement entered into with respect to any other Pledgor.

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

  • Participating Account a separate account investing all or a portion of its assets in the Trust, including the Account.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

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

  • 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.

  • Regular account means the account established for each active and inactive member un-

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

  • Designated Account means the Deposit Account of Borrower identified on Schedule D-1 to the Agreement (or such other Deposit Account of Borrower located at Designated Account Bank that has been designated as such, in writing, by Borrower to Agent).

  • 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.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Authorized account means a deposit account of a customer in a bank designated by the customer as a source of payment of payment orders issued by the customer to the bank. If a customer does not so designate an account, any account of the customer is an authorized account if payment of a payment order from that account is not inconsistent with a restriction on the use of that account.

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

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Online Account means the Bank account from which you will be conducting transactions using a Service;

  • Cardholder Account is the account of a Cardholder as represented by a Card.

  • Compliance account means a NOx allowance tracking system account, established by the U.S. EPA for a NOx budget unit under section 10 of this rule, in which the NOx allowance allocations for the unit are initially recorded and in which are held NOx allowances available for use by the unit for an ozone control period for the purpose of meeting the unit’s NOx budget emissions limitation.

  • Transfer Account means the account established hereunder to which amounts transferred to this Plan from a direct plan-to-plan transfer in accordance with Section 4.7 are allocated.