SERP Subaccount definition

SERP Subaccount means the Memorandum Subaccount described in section 4.1(d).
Sample 1
SERP Subaccount means the aggregate of all subaccounts of a Participant's Account that are attributable to Annual Supplementary Benefits or amounts transferred to a Participant's Account from another plan pursuant to Section 2.5.
Sample 1

Examples of SERP Subaccount in a sentence

  • With respect to SERP Accounts corresponding to SERP Agreements in existence prior to January 1, 2005, each such SERP Account shall consist of two separate subaccounts, the SERP Subaccount A and the SERP Subaccount B.

  • If the balance in a Participant's Elective Deferral Subaccount or SERP Subaccount on the last day of the calendar quarter in which termination occurs is less than or equal to $50,000, or if the Participant's termination for any reason occurs prior to his or her attainment of age 55, the balance will be distributed in a single lump sum payment in the first month of the calendar quarter following the effective date of such termination.

  • Designation by the Member States, at the latest 6 years after the designation as SCI: Special Area of Conservation (SAC)Article 6: Protecting & Managing Natura 2000 sites Applies to SAC Applies to SPA, SCI & SAC Applies to SPA, SCI & SAC 2.

  • Any Compensation payable after the date of termination will not be eligible for deferral to the Elective Deferral Subaccount or the SERP Subaccount, as the case may be, to the extent that this Section 4.4(a)(1) applies to either such Subaccount, but will be paid in cash and any election to defer previously filed by the Participant will be void.

  • The SERP Subaccount B shall be paid in a lump sum on the first day of the seventh month following the date of the Executive’s Separation from Service, in compliance with the Fulton Financial Corporation Key Employee Amendment to the 409A Plans.

  • If the balance in a Participant's Elective Deferral Subaccount or SERP Subaccount on the last day of the calendar quarter in which termination occurs is greater than $50,000 and the Participant's termination for any reason occurs following his or her attainment of age 55, distribution will be made either in (i) a lump sum, or (ii) in not more than 20 consecutive annual installments, as the Participant shall have elected.

  • Two weeks will be allocated to conduct interviews and desk review to answer the evaluation questions.

Related to SERP Subaccount

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

  • 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.

  • 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.

  • 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 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.

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

  • 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

  • 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.

  • 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.

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

  • 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.

  • 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.

  • General Subaccount is defined in Section 8.02(a) of the Indenture.

  • 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.

  • 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.

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

  • 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.

  • 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.

  • 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.

  • Excess Funds Subaccount is defined in Section 8.02(a) of the Indenture.

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

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

  • Subaccount means any subaccount designated and established hereunder.

  • 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.

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

  • Account Balance means, with respect to a Participant, an entry on the records of the Employer equal to the sum of (i) the Deferral Account balance, (ii) the Company Contribution Account balance, and (iii) the Company Restoration Matching Account balance. The Account Balance shall be a bookkeeping entry only and shall be utilized solely as a device for the measurement and determination of the amounts to be paid to a Participant, or his or her designated Beneficiary, pursuant to this Plan.