REP Account definition

REP Account means the accounting entry made with respect to each REP Participant for the purpose of maintaining a record of each REP Participant’s Retention Enhancement Program (“REP”) benefits under Article 16 of this Plan.”
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Examples of REP Account in a sentence

  • In the event that a REP Participant is terminated without Cause prior to the time he attains age 65, the Committee may, within its sole discretion, direct the Employer to credit additional termination contributions to the Participant’s REP Account in an amount determined by the Committee in its sole discretion.

  • The Committee may, within its sole discretion, direct the Employer to credit contributions to a REP Participant’s REP Account from time to time in an amount determined by the Committee in its sole discretion.

  • Such termination contributions may be credited to the REP Participant’s REP Account in a single lump sum or installments at any time prior to the date distributions of the REP Participant’s REP Account begin.

  • Earnings and/or losses will be credited to the amounts allocated to a REP Participant’s REP Account in accordance with the provisions of Section 7.2 that apply to Participants’ Accounts.

  • A REP Participant may elect to receive a distribution of his vested REP Account balance in accordance with the provisions of Section 6.3 that apply to Participants’ Accounts.

Related to REP Account

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

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

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Sub-Account means any of the individual sub-accounts of a Participant's Account that is maintained as provided in Article VIII.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.