Distributable Amount definition

Distributable Amount has the meaning set forth in Section 5.02(d) hereof.

Distributable Amount means the vested balance in the applicable Account as determined under Article 4.

Distributable Amount means the vested balance in the Participant's Deferral Account and Company Contribution Account.

Examples of Distributable Amount in a sentence

• The holders of INX Tokens shall not be entitled to their Pro Rata Portion of the Distributable Amount until March 31, 2021.

• Holders of record of the INX Tokens on March 31, 2021 shall be entitled to their Pro Rata Portion (calculated as of March 31, 2021) of the Distributable Amount (calculated as of December 31, 2020), with payment (if any) occurring on April 30, 2021.

• No holder of INX Tokens shall be entitled to their Pro Rata Portion of the Distributable Amount, and no rights to the distribution shall accrue, until March 31, 2021 or March 31 of an Eligible Year.

• Thereafter, holders of record of INX Tokens as of March 31 of any subsequent year (each year, an “Eligible Year”) shall be entitled to distributions of their Pro Rata Portion (calculated as of March 31 of such Eligible Year) of the Distributable Amount calculated as of December 31 of the year prior to such respective Eligible Year.

• If on December 31, 2020, December 31, 2021 or December 31 of any Eligible Year the Distributable Amount is negative, then no distribution shall be made.

More Definitions of Distributable Amount

Distributable Amount means the vested balance in a Participant’s Accounts subject to distribution in a given Plan Year.

Distributable Amount means the vested balance in Participant’s Deferral Account and Company Contribution Account.

Distributable Amount means the vested balance in the Participant's Accounts subject to distribution in a given Plan Year.

Distributable Amount means the distributable amount as provided in Article 461, paragraph (2) of the Act;

Distributable Amount means the balance of a Participant's Account at any given time.

Distributable Amount. See Section 6.3.

Distributable Amount means the entire amount credited to a Participant’s Account or Plan Year Account. Such amount shall be valued on the date the distribution is made to the Participant under Article VII.