Separate Plan Account definition

Separate Plan Account means the sub-account of the Participant’s Plan account that the Plan Administrator or Plan Agent causes to be maintained for the benefit of the Alternate Payee consistent with this Order.
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Separate Plan Account has the meaning ascribed to such term in Section 5.1.
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Examples of Separate Plan Account in a sentence

  • The Plan Administrator and the Plan Agent and any person subject to the direction of either of them shall not apply any provision of this Order that would require the Plan Administrator or the Plan Agent to calculate the Segregated Amount to be directed to the Alternate Payee’s Separate Plan Account in a manner not readily calculable by the Plan Administrator or Plan Agent according to its currently available records.

  • The Alternate Payee’s Separate Plan Account shall bear all fees and expenses as though the Alternate Payee was a Participant.

  • When establishing the Alternate Payee’s Separate Plan Account, the Plan Agent shall first redeem amounts pro rata from all investment options other than non-core investment options (e.g., life insurance, self directed brokerage account, certificate of deposit, etc.), if applicable, held in the Participant’s Plan account, and shall redeem amounts from non-core investment options, if applicable, only if necessary to obtain the Segregated Amount consistent with this Order.

  • If an Employer maintains more than one Participating Plan, the Employer shall advise the Trustee as to which Separate Plan Account contributions made by it are to be credited.

  • These course choices may affect course scheduling for students’ majors.

  • The Trustee shall establish and maintain a separate plan account for each Participating Plan (the "Separate Plan Account") into which shall be paid the contributions made by the Employer for such Plan or transfer of assets from the Separate Trust for such Plan, which contributions and transfers, together with any income, gains or profits, less distributions, expenses and losses, shall comprise a separate trust fund for such Participating Plan.

  • With the prior consent of the Sponsor, an Employer may direct the Trustee to transfer any part of the Separate Plan Account of a Participating Plan to a Separate Trust upon not less than thirty (30) days written notice to the Trustee.

  • As at 31 March 2017, the Group had preferential shares in Resolute Offshore Pte Ltd valued at US$31.73 million recognized as a current asset.

  • The Trustee shall be under no duty to defend or engage in any suit with respect to the Fund or any Separate Plan Account unless the Trustee shall have first agreed in writing to do so and shall have been fully indemnified to its satisfaction.

  • Since the Participant has the right to control the investment of the Participant’s account under the Plan, then from the effective date, the Alternate Payee shall have full authority, consistent with Plan procedures, for the investment of his/her Separate Plan Account, and the Plan Agent shall be entitled to rely upon the investment directions received from the Alternate Payee without further inquiry.

Related to Separate Plan Account

  • Plan Account means the account established for each Participant pursuant to Section 8(a).

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • 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.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Employer Account The Participant's Matching 401(k) Contributions Account, Matching Thrift Contributions Account, Employer Contributions Account, Qualified Matching Contributions Account and Qualified Nonelective Contributions Account, as the case may be.

  • Stock Account means the account maintained on behalf of the Participant by the Custodian for the purpose of holding Stock acquired under the Plan.

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

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

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • 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.

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • Individual Account Means the account established and maintained under this Plan for each Participant in accordance with Section 4.01.

  • 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.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Deferred Stock Account means a bookkeeping account maintained by the Company for a Participant representing the Participant's interest in the shares credited to such Deferred Stock Account pursuant to Paragraph 7 hereof.

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

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • 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.

  • Company Stock Account means the account established and maintained in the name of each Participant or Beneficiary to reflect his share of the Trust Fund invested in Company Stock.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Share Account means the brokerage account established by the Agent for each Participant to which shares of Common Stock purchased under the Plan are credited in accordance with Section 9. The Share Account will be established pursuant to a separate agreement between each Participant and the Agent.

  • Voluntary Contribution Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan resulting from the Participant's nondeductible voluntary contributions made pursuant to Section 4.12.

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