Suspense Fund definition

Suspense Fund means the Trust Fund established to hold Employer Stock acquired with the proceeds of an Exempt Loan pending the release of such Employer Stock from encumbrance and its allocation among Participants’ Accounts.
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Suspense Fund means the portion (or a portion) of the Stock Fund which reflects the shares of Company Stock not allocated to Participants' Stock Accounts.
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Suspense Fund means the trust fund maintained by the Trustee for the Plan and referred to in Section 10.7.
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Examples of Suspense Fund in a sentence

  • In any Plan Year when any Shares are no longer required to be pledged as collateral for a Loan or any other assets in the Suspense Fund are no longer required in order to meet obligations of the Trust under any Loan, the Trustee shall release those Shares and other assets from the Suspense Fund and shall transfer them to the Transition Fund as of the last day of the Plan Year.

  • The Trustee shall establish a trust fund, herein defined as the ESOP Fund, to hold and administer the assets subject to the ESOP Feature, except assets held in the Transition Fund, the Suspense Fund, or the Dividend Fund.

  • Any dividends, interest, earnings, or other income received by the Trustee in respect of the Suspense Fund shall be reinvested by the Trustee in the Suspense Fund.

  • The Trustee shall establish a trust fund, herein referred to as the Suspense Fund, to hold and administer any Shares that are pledged as collateral for any Loan and Employer ESOP Contributions (other than contributions of Shares) that are transferred from the Transition Fund to meet obligations of the Trust under any Loan.

  • Notwithstanding any provision of this Agreement to the contrary, during any period in which no Loan is outstanding the Trustee shall not be required to maintain the Transition Fund, the Suspense Fund, or the Dividend Fund.

  • I understand if the Managed Account Services (“MAS”) option is not currently available to my plan, and Managed Account Services is selected as the QDIA/Default Suspense Fund, additional paperwork will be required by Nationwide to add this option and the QDIA/Default Suspense Fund will not be established until additional paperwork is received by Nationwide in good order.

  • On any Business Day thereafter on which the conditions to distributions set forth in Section 3.6(b) are satisfied, upon delivery to the Trustee, the Collateral Agent and the Depositary Agent of an Officer's Certificate of the Funding Corporation certifying that all such conditions to distribution are now satisfied, the Depositary Agent shall withdraw and transfer monies in the Distribution Suspense Fund designated for such Funding Date to such Persons as may be directed in writing by the Guarantors.

  • Due to possible market value adjustments and other restrictions, the fixed contracts are not available as a Default Suspense Fund option.

  • It is my responsibility as Sponsor to notify the participant(s) of the circumstances under which deposits have or will be allocated to the QDIA/Default Suspense Fund, and to provide the participant(s) with adequate information and procedures to transfer funds from the QDIA/Default Suspense Fund and/or to select alternate investment options for future allocations.

  • It is my responsibility as Sponsor to monitor performance and other aspects of the QDIA/Default Suspense Fund and select a replacement fund to serve as the QDIA/Default Suspense Fund as I deem appropriate.