Examples of Equity Subaccount in a sentence
Total returns calculated for any period for the International Equity Subaccount reflect the performance of the Transamerica Partners International Equity Portfolio prior to March 10, 2017 and the performance of the Transamerica International Equity Fund thereafter.
A Director shall be 100% vested in his or her Deferred Share Other Equity Subaccount at all times and in his or her Deferred Share Annual Equity Subaccount with respect to any Annual Equity Grant received when a Director was 69 years of age or older.
The Participant’s Plan Year Subaccounts and the 2012 Cash-Settled Equity Subaccount shall continue to be credited with Compensation as well as earnings and losses pursuant to Sections 4.1 and 4.2 of the Plan until all amounts credited to his or her Deferral Accounts under the Plan have been distributed.
A Participant’s Plan Year Subaccounts and 2012 Cash-Settled Equity Subaccount shall be divided into separate subaccounts (“investment subaccounts”), each of which corresponds to a Fund elected by the Participant pursuant to Section 3.2(a).
Notwithstanding anything contained in this Section 6.1(b) to the contrary, in the event that the total aggregate amount credited to a Participant’s Deferral Account is less than $25,000 as of the end of the month preceding the Participant’s Payment Eligibility Date for a Plan Year Subaccount or the 2012 Cash-Settled Equity Subaccount, the amounts credited to the Participant’s Deferral Account shall be paid in a cash lump sum payment within 90 days following the Payment Eligibility Date.
In the event of the Participant’s Separation from Service, Disability or death while the Participant is receiving an in-service distribution from one or more Plan Year Subaccounts or from the 2012 Cash-Settled Equity Subaccount in the form of annual installments, such payments will continue as scheduled.
Each payment or series of installments under this Plan for any particular Plan Year, Plan Year Subaccount and 2012 Cash-Settled Equity Subaccount shall be considered a single payment for purposes of Section 409A.
The Deferral Account shall be divided into Plan Year Subaccounts to separately account for deferrals made for each Plan Year as well as a 2012 Cash-Settled Equity Subaccount, if applicable.
In making the designation pursuant to this Section 3.2, the Participant must specify, in multiples of one (1), the percentage of his or her corresponding Plan Year Subaccount or 2012 Cash-Settled Equity Subaccount that shall be deemed to be invested in one or more Funds.
Notwithstanding the Participant’s ability to designate the Funds in which the Plan Year Subaccounts or the 2012 Cash-Settled Equity Subaccount of his or her Deferral Account shall be deemed to be invested, the Bank shall have no obligation to invest any funds in accordance with any Participant’s election.