VEBA Account definition

VEBA Account means any voluntary employee beneficiary association account that is funding a health reimbursement arrangement (either Section 501(c)(9) trusts or Section 115 trusts).
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VEBA Account means an account maintained under the VEBA Plan immediately prior to the Merger containing elective deferrals, matching contributions, rollover contributions and after-tax contributions (as applicable) for a VEBA Member.
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Examples of VEBA Account in a sentence

  • The HRA would be converted to an HSA or VEBA Account beginning on or before December 31, 2011, and all funds that are in the HRA at that time would be converted to the HSA/VEBA.

  • Vesting Schedule-A vesting schedule has been created for all employed employees subject to the provisions of Section 11.01 and shall apply to both the 401(a) Account and the VEBA Account for that employee.

  • The School Corporation shall contribute the remaining thirty percent (30%) of the total sum of the amount calculated by FSC as the present Value for the Retirement benefit contained in the Prior Agreement into a VEBA Account.

  • Of the 1.25% of an employee’s salary referred to in Section 11.01(A), 0.5% of that amount will be deposited into the 401(a) Account and the remaining 0.75% of that amount will be deposited into the employee’s VEBA Account.

  • The employee must meet the eligibility requirements to retire under PERS Tier 2 or 3, and the employee’s final rate of pay shall be used to calculate the City’s contribution into the employee’s HRA VEBA Account.

  • Funds from a VEBA Account, if applicable, may be used by the retired school employee to pay the premiums for this coverage.

  • The District shall contribute an amount, as shown in the table below, to each bargaining unit employee’s VEBA Account per month.

  • Employee Cost - Per Check VEBA Account Single - $612.50 $108.34 $681.67 $39.17 $19.59 $1300.00 / yr.

  • In addition, you should request that the VEBA account be “blocked” from all claims by completing the VEBA Account Access Form found on www.bluecrossmn.com/mnservcoop.

  • The Employer agrees to make available a VEBA Account to the bargaining unit.

Related to VEBA Account

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

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

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

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

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

  • Investment Account As defined in Section 3.12(a).

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Participating Account a separate account investing all or a portion of its assets in the Trust, including the 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.

  • Savings Account means an account, which is based on Mudarabah and its profit shall be calculated based on the profit earned on any balance maintained above the minimum threshold or average threshold (as may be agreed upon with the Bank).

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

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

  • Member Account means the regular account and the variable account.

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

  • Separate Accounts means the accounts which are to be prepared for each

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

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • 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.

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • 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.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.