Flex Account definition

Flex Account means, with respect to a Participant, a Sub-Account which is payable pursuant to Section 7(c) hereof.
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Flex Account means a Participant’s interest in the Plan attributable to Flex Contributions made to the BNI Plan as of December 31, 1996.
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Flex Account means an account created by the division in accordance with the requirements of subsection (6) of this section.
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Examples of Flex Account in a sentence

  • Flex Account means a Separation Account or Specified Date Account established under the terms of a Participant’s Compensation Deferral Agreement.

  • You shall also be provided with a Health Savings Account or Health Flex Account funded by Epsilon.

  • You shall also be provided with a Health Savings Account or Health Flex Account funded by The Company in the amount of $2,500.00.

  • Such notice must be delivered no less than twelve (12) months prior to the beginning of the calendar year in which the Flex Account was originally scheduled to be distributed and must provide that payments be made (or commence) at least five (5) calendar years after such year.

  • If a Flex Account is payable because of a Participant’s Separation from Service but no payment election is made, payment will be made (or commence) in the next following calendar year after the year of such Separation from Service.

  • Partial distributions are processed in the following order: (i) After-Tax Account; (ii) Rollover Account; (iii) Before-Tax Account; (iv) Company Matching Account; (v) Retirement Plus Account; (vi) Coulter Pension Plan Account; (vii) Coulter Profit Sharing Account; and (viii) Coulter Flex Account.

  • Withdrawals pursuant to this Section 6.4 may only be made from a Participant’s Before-Tax Savings Account (excluding investment gains attributable to contributions on or after January 1, 1988), Company Matching Account, Coulter Profit Sharing Account, and the Coulter Flex Account, and shall be made on a pro rata basis from such Accounts.

  • Unless either Party notifies the other in writing within 15 days following receipt of the Flex Account Statement of any objection to the computation, the Flex Account Statement shall become final and binding on the Parties.

  • Union Bank Flex Account -- Employee Benefits deducted from Employee Paychecks 4960003085 Physicians Formula, Inc.

  • Payment of a Flex Account under this Section 6.4 is made in a lump sum unless the Participant elected to receive such Flex Account in annual installments up to ten years.The Company Contribution Account will be paid in a lump sum only.


More Definitions of Flex Account

Flex Account means, with respect to a Participant, a sub-account that is separately accounted for and which represents the portion of the Account that is payable at a specific time and in a specific form in accordance the Participant’s election and Section 7 hereof. Each Flex Account may sub-divided into additional sub-accounts in the Plan Administrator’s discretion to account for separate items of Eligible Compensation that have been deferred.
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Related to Flex Account

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

  • 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.

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

  • JetBrains Account or “JBA” means an account at xxxxx://xxxxxxx.xxxxxxxxx.xxx created by Customer, having a unique name and password, and through which Customer has access to Products in accordance with a Toolbox Subscription.

  • 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.

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

  • 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.

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Billing Account is the checking account from which all Service fees will be automatically debited.

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

  • 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.

  • Holding Account means an account:

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

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

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

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

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06 in the name of the Trustee for the benefit of the Certificateholders and designated "U.S. Bank National Association, in trust for registered holders of CSFB Mortgage Pass-Through Certificates, CSFB ABS Trust Series 2001-HE12" Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.

  • Suspense Account means the account established by the Trustee for maintaining contributions and forfeitures which have not yet been allocated to Participants.

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

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