Earnings Credit definition

Earnings Credit means for any given day during a calendar year the product of (a) the Federal Funds Rate for such date minus .25%, and (b) 82% of the Available Balance.

Earnings Credit has the meaning set forth in Section 3.1(b).

Earnings Credit means the gains and losses credited on the balance of an Account based on the choice made by the Participant (or Beneficiary after the death of the Participant) among the investment options made available under the Plan.

Examples of Earnings Credit in a sentence

• The Fund shall receive a credit for each calendar month against such compensation and fees of the Custodian as may be payable by the Fund in an amount equal to the aggregate of its Earnings Credit for such calendar month.

• If an investment option has a loss, the Earnings Credit attributable to such investment option will serve to reduce the Account; similarly, if an investment option has a gain, the Earnings Credit attributable to such investment option will serve to increase the Account.

• In the event that Bank, in its sole discretion, provides an Earnings Credit Rate program to Customer, and the application of the Earnings Credit Rate program results in a positive number or Earnings Credit, the Earnings Credit may be used to offset fees accrued in Customer’s account during the billing period, up to the amount of the Earnings Credit.

• On a quarterly basis, or more frequently as mutually agreed by the parties, the Company will compute the investment earnings credit on a VSA (the “VSA Earnings Credit”), as determined in accordance with Schedule 3.3. The VSA Earnings Credit, whether positive or negative, reflects the change in value of the Variable Separate Account Assets, net of cash flows between a VSA and the General Account, and shall be included as part of the calculation of the periodic payment as provided for in Section 5.2.

• Earnings Credit RSUs will be forfeited and canceled along with the RSUs with which they are associated.

More Definitions of Earnings Credit

Earnings Credit means the amount credited to a Participant’s Account under Section 6(B).

Earnings Credit means, with respect to an Account, the amount credited to the Account pursuant to Section 5.05.

Earnings Credit means the gains credited on the balance of an Account pursuant to Section 4.3.

Earnings Credit means the gains credited on the balance of an Account in accordance with Section 4.3.

Earnings Credit means, with respect to a Plan Year Balance, the amount credited to the Plan Year Balance pursuant to Section

Earnings Credit means a credit to a Participant's Account pursuant to Section

Earnings Credit means a credit to a Participant’s Account pursuant to Section