Accumulated Income Sample Clauses

Accumulated Income. Accumulated Income is in all respects to be treated as an addition to the Fund but the Trustee may at any time resort to and deal with Accumulated Income as if it is Income.
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Accumulated Income. 1. Any net income not distributed to a beneficiary shall be accumulated and added to principal.
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Accumulated Income. I waive any rule of state law that would prevent the Trustee from accumulating any net income which the Trustee does not pay according to other provisions of this instrument. The Trustee shall account separately for any accumulated income in an accumulated income account (in which event the Trustee shall dispose of accumulated income as if it were principal), or shall add accumulated income to principal, to such extent (if any) as separate accounting is necessary or advisable.
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Accumulated Income. In the event any income of the ------------------ Foundation is not required to be expended, and is in fact not expended, by the end of its fiscal year, such income may, but need not, be separately accounted for in an accumulated income account. To the extent such income is not separately accounted for in an accumulated income account, such income shall be added to principal.
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Accumulated Income. Xxx XX hereby represents and warrants that the following amounts of accumulated and undistributed income remained in the Xxxxx Trusts as of December 23, 2003: (a) Trust B of the Children's Trust: $0; (b) the Xxxxx 1964 Trust: $0; (c) the Xxxxx 1969 Trust: $40,075.02; (d) the Xxxxx 1972 Trust: $2,054.88; (e) the Xxxxx 1995 Trust: $0; (f) the Xxxxx 1964 Trust: $0; (g) the Xxxxx 1969 Trust: $338,689.78; (h) the Xxxxx 1972 Trust: $49,694.63; (i) the Xxxxxxxxx 1969 Trust: $379,878.05; and (j) the Xxxxxxxxx 1972 Trust: $111,286.09. Immediately upon entry of the Stipulated Orders, Xxx XX shall instruct Bank of America to transfer to City National Bank, as a successor cotrustee of the Xxxxx Trusts, all assets including accumulated income in the Xxxxx Trusts by wire transfer or bank transfer. 1.11
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Related to Accumulated Income

  • Imputed Income The Bank shall impute the economic benefit to the Executive on an annual basis, by adding the economic benefit to the Executive’s W-2, or if applicable, Form 1099.

  • Qualified Income Offset In the event any Partner unexpectedly receives any adjustments, allocations or distributions described in Treasury Regulation Sections 1.704-1(b)(2)(ii)(d)(4), 1.704-1(b)(2)(ii)(d)(5), or 1.704-1(b)(2)(ii)(d)(6), items of Partnership income and gain shall be specially allocated to such Partner in an amount and manner sufficient to eliminate, to the extent required by the Treasury Regulations promulgated under Section 704(b) of the Code, the deficit balance, if any, in its Adjusted Capital Account created by such adjustments, allocations or distributions as quickly as possible unless such deficit balance is otherwise eliminated pursuant to Section 6.1(d)(i) or (ii).

  • Catch-Up Contributions In the case of a Traditional IRA Owner who is age 50 or older by the close of the taxable year, the annual cash contribution limit is increased by $1,000 for any taxable year beginning in 2006 and years thereafter.

  • Return of Employer Property On termination of employment with Employer for whatever reason, or at the request of the Employer before termination, Executive agrees to promptly deliver to Employer all records, files, computer disks, memoranda, documents, lists and other information regarding or containing any Confidential Employer Information, including all copies, reproductions, summaries or excerpts thereof, then in Executive’s possession or control, whether prepared by Executive or others. Executive also agrees to promptly return, on termination or the Employer’s request, any and all Employer property issued to Executive, including but not limited to computers, cellular phones, keys and credits cards. Executive further agrees that should Executive discover any Employer property or Confidential Employer Information in Executive’s possession after the return of such property has been requested, Executive agrees to return it promptly to Employer without retaining copies, summaries or excerpts of any kind.

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