Stock Deferral Sub-Account definition

Stock Deferral Sub-Account means that portion of the Deferred Benefit Account to which the Participant elects to have deferrals credited and which earns a return based on the performance of the Holding Company Stock and in accordance with the provisions of Section 3.7.
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Stock Deferral Sub-Account means each bookkeeping Stock Deferral Sub-Account maintained by the Committee on behalf of each Participant pursuant to Article IV hereof.
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Examples of Stock Deferral Sub-Account in a sentence

  • The Deferred Benefit Account shall be comprised of the combination of the Regular Deferral Sub- Account and the Stock Deferral Sub-Account.

  • Amounts invested in the Stock Deferral Sub-Account shall be invested in Holding Company Stock on or near the last trading day of the month in which such deferrals are made based on the average of the closing bid and offer prices of the Holding Company Stock on such date if such shares are purchased from the Company, or based on the best price available, if such shares are purchased in the open market.

  • Each Participant shall be entitled to direct the voting of shares allocated to his or her Stock Deferral Sub-Account.

  • Unrealized appreciation or depreciation shall be credited or charged to a Participant's Stock Deferral Sub-Account as of the Determination Date based on the increase or decrease in the value of Holding Company Stock since the last Determination Date.

  • In such case, all deferrals, whether previously elected by a Participant to be invested in the Regular Deferral Sub-Account or the Stock Deferral Sub-Account, shall be invested in the Regular Deferral Sub-Account.

  • Monthly installments payable in equal amounts over a period not to exceed fifteen (15) years and payable out of both the Stock Deferral Sub-Account and Regular Deferral Sub-Account in proportion to the respective balances of such accounts.

  • Subject to any limitation which the Committee may in its discretion impose, the Participant shall be entitled to elect to have withheld, shares having a fair market value equal to the taxes required to be withheld from amounts otherwise distributable from his Stock Deferral Sub-Account in satisfaction of any such withholding.

  • Pupils in Arizona online instruction do not incur absences for purposes of this subsection and may generate an average daily attendance of 1.0 for attendance hours during any hour of the day, during any day of the week and at any time between July 1 and June 30 of each fiscal year.

  • GASTRADE shall submit to RAE for approval its justified proposal regarding possible provisions of the Regulation that cannot be applied.

  • Notwithstanding anything contained in the Plan to the contrary, for purposes of distribution the Stock Deferral Units held in a Stock Deferral Sub-Account shall be converted to whole shares of Company common stock and cash for any fractional shares.

Related to Stock Deferral Sub-Account

  • 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.

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

  • 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.

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

  • 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.

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

  • Unit Account means a notional account opened and managed by Us for You, in which the Units are allocated following the receipt of the Premium from You and in which the Units are cancelled by Us for the purpose of paying the benefits or for recovering the applicable charges;

  • 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

  • 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.

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

  • 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.

  • 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.

  • 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.

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

  • 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.

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

  • 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.

  • 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.

  • 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.

  • Stock Unit Account means the bookkeeping account established by the Company pursuant to Section 6.4.

  • 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.

  • 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)).

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

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