Trust Fund Earnings definition

Trust Fund Earnings means (a) the fair market value of the Trust Fund on the current Allocation Date, minus (b) the fair market value of the Trust Fund on the Allocation Date that immediately precedes the current Allocation Date, minus (c) all contributions paid to the Trust Fund from such preceding Allocation Date through the current Allocation Date (including any dividends or credits earned on insurance contracts), plus (d) all benefits paid to Participants from such preceding Allocation Date through the current Allocation Date (including any insurance premiums paid or accrued).
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Trust Fund Earnings means the net of the Trust Fund's earnings, gains, losses and expenses during the Valuation Period and the net of the appreciation or depreciation in the fair market value of each asset of the Trust Fund on the Valuation Date (as compared to the valuation of such assets as of the preceding Valuation Date, or cost, in the case of assets acquired since the preceding Valuation Date).
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Trust Fund Earnings means the net of the Trust Fund’s earnings, gains, losses and expenses during the Valuation Period and the net of the appreciation or depreciation in the fair market value of each asset owned by the Trust Fund on the Valuation Date (as compared to the valuation of such assets as of the preceding Valuation Date, or cost, in the case of assets acquired since the preceding Valuation Date).
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Examples of Trust Fund Earnings in a sentence

  • The Employer in Appendix B may provide that the Plan Administrator will use Trust Fund Earnings for the Plan Year, if any, as a source of the restoration, or may modify the order of priority of the sources of restoration described in the previous sentence.

  • I was luckyenough to be able to go to her graduation party this past weekend to wish her the best!! Erin Braginton - Our family with our daughter Kaleigh and Future Laker, on her graduation from Grand Haven High School on May 24th, 2018.

  • However, once emerged, these disorders prove highly persistent, suggesting strong moderator effects of underlying predisposing factors.

  • As of each Valuation Date the Trustee shall determine the fair market value and the Trust Fund Earnings of the Trust Fund and, no less frequently than annually, shall notify the Employer of such determination.‌ Section 16.8 Custodian.

  • Nevertheless, his Accounts shall be maintained and credited or charged with Trust Fund Earnings in accordance with Section 5.05 hereof, until the balance thereof (to the extent vested) shall have been fully distributed.

  • The Accounts, if any, attributable to a Participant's Service with an Employer which is a Controlled Group Member from which he transferred shall be retained in such Employer's Plan, shall be credited with any Trust Fund Earnings or other adjustments attributable thereto in accordance with Section 5.05 and shall continue to vest based on his continued Years of Service under that Controlled Group Member to which he transferred.

  • If Trust Fund Earnings attributable to such Excess Contribution are a net loss, then the amount of such Excess Contribution shall be reduced by such Trust Fund Earnings.

  • If Trust Fund Earnings attributable to the amount of the disallowed contribution are a net loss, the contribution which is returned shall be reduced by such Trust Fund Earnings; (c) Mistake of Fact.

  • If the Participant or Beneficiary subsequently files a claim for benefits, the amount forfeited (unadjusted for Trust Fund Earnings) shall be reinstated to his or her Accounts and distributed, and such payment shall be accounted for by charging it against Forfeitures arising during the Plan Year which have not been allocated or by a special contribution from the Employer.‌ Section 8.11 Minors and Persons Under Other Legal Disability.

  • The Directed Investment Account shall not share in Trust Fund Earnings, but it shall be charged or credited as appropriate with the net earnings, gains, losses and expenses as well as any appreciation or depreciation in market value during each Plan Year attributable to such account.


More Definitions of Trust Fund Earnings

Trust Fund Earnings means the same as that term is defined in Section 53D-1-203.
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Related to Trust Fund Earnings

  • Trust Fund Expenses shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.

  • 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.

  • 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.

  • Trust Fund Certificates All Certificates evidencing beneficial ownership interests in the Trust Fund.

  • Trust Fund The trust fund established by the Trust Agreement, the assets of which consist of the Mortgage Loans and any other assets as set forth therein. Trustee: U.S. Bank National Association, or any successor in interest, or if any successor trustee or co-trustee shall be appointed as provided in the Trust Agreement, then such successor trustee or such co-trustee, as the case may be.

  • 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.

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Company Matching Contributions means any contributions made to the Company Matching Account of a Participant by a Participating Employer as provided for in Section 4.02.

  • 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.

  • Excess Earnings means, with respect to Mortgage Loans held in any subaccount of the Acquisition Account or the Loan Recycling Account established in connection with a Series of Tax- exempt Bonds, the "excess earnings," as defined in Treasury Regulations § 1.148-10T, with respect thereto.

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

  • 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.

  • 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.

  • Matching Contributions means contributions made by the Employer on account of an "eligible Participant's" Elective Deferrals.

  • Additional Trust Fund Expense Any expense of the Trust Fund that (i) arises out of a default on a Mortgage Loan or a Serviced Pari Passu Companion Loan or an otherwise unanticipated event, (ii) is not included in the calculation of a Realized Loss, (iii) is not covered by a Servicing Advance or a corresponding collection from the related Borrower, and (iv) is not covered by Default Charges collected on the Mortgage Loans to the extent provided herein.

  • Monthly Earnings means your gross monthly income from your Employer, not including shift differential, in effect just prior to your date of disability. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

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

  • Employer Contributions means all amounts paid into ASRS by an

  • Pre-Funding Earnings means any Investment Earnings on amounts on deposit in the Pre-Funding Account.

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

  • Investment Earnings means, with respect to any Payment Date, the investment earnings (net of losses and investment expenses) on amounts on deposit in the Trust Accounts to be deposited into the Collection Account on such Payment Date pursuant to Section 5.01(b) of the Sale and Servicing Agreement.

  • Additional Trust Fund Expenses (i) Special Servicing Fees, Workout Fees and Liquidation Fees, (ii) interest in respect of unreimbursed Advances, (iii) the cost of various default-related or unanticipated Opinions of Counsel required or permitted to be obtained in connection with the servicing of the Mortgage Loans and the administration of the Trust Fund, (iv) unanticipated, non-Mortgage Loan specific expenses of the Trust Fund, including indemnities and expense reimbursements to the Trustee, the Certificate Administrator, the Master Servicer, the Special Servicer, the Operating Advisor, the Asset Representations Reviewer and the Depositor and federal, state and local taxes, and tax-related expenses, specifically payable out of the Trust Fund, (v) any fees or expenses that are expressly designated as an Additional Trust Fund Expense pursuant to any provision of this Agreement and (vi) any other default-related or unanticipated expense of the Trust Fund that is not covered by a Property Advance and for which there is no corresponding collection from a Mortgagor.

  • Matching Contribution means an Employer contribution made to this or any other Defined Contribution Plan on behalf of a Participant on account of an Employee Contribution made by such Participant, or on account of a Participant's Employee Elective Deferral, under a plan maintained by the Employer.

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Retained Earnings means the retained earnings of an FHLBank calculated pursuant to GAAP.

  • Buydown Fund Account A separate account or accounts created and maintained pursuant to Section 3.02 (a) with the corporate trust department of the Trustee or another financial institution approved by the Master Servicer, (b) within FDIC insured accounts (or other accounts with comparable insurance coverage acceptable to the Rating Agencies) created, maintained and monitored by a Servicer or (c) in a separate non-trust account without FDIC or other insurance in an Eligible Institution. Such account or accounts may be non-interest bearing or may bear interest. In the event that a Buydown Fund Account is established pursuant to clause (b) of the preceding sentence, amounts held in such Buydown Fund Account shall not exceed the level of deposit insurance coverage on such account; accordingly, more than one Buydown Fund Account may be established.