ESOP Accounting Sample Clauses

ESOP Accounting. The ESOP portion of the Plan shall consist of all amounts credited to Participant Accounts, Employer Accounts and other participant accounts established under Supplement C of the Plan. The non-ESOP portion of the Plan shall consist of all other amounts credited to participants Accounts. Xxxxxxx credited to accounts in the ESOP portion of the Plan shall be referred to herein as amounts credited to participants’ “ESOP accounts” or “ESOP sub-accounts” and amounts credited to accounts in the non-ESOP portion of the Plan shall be referred to as amounts credited to participants “non-ESOP accounts” or “non-ESOP sub-accounts.” Paragraphs (a), (b), and (c) below shall apply only with respect to Plan Years beginning prior to January 1, 2005: (a) The Investment Plan Committee will maintain separate sub-accounts for each Participant Account to reflect the value of the participant’s interests in the ESOP portion of the Plan and the non-ESOP portion of the Plan. Two ESOP sub-accounts will be maintained for each Participant’s Account which will reflect the value of any interests in the Caterpillar Common Stock Fund attributable to such account. One of these ESOP sub-accounts (“Current Year Contributions Stock Fund ESOP Sub-Account”) will reflect the value of any interest in the Caterpillar Common Stock Fund attributable to the Participant’s Account to the extent attributable to employer basic contributions made during the Plan Year and intra-plan transfers from the then-current class pursuant to subsection 6.4 of Supplement C. The other of these ESOP sub-accounts (“Prior Contributions Stock Fund ESOP Sub-Account”) will reflect the value of any interest in the Caterpillar Common Stock Fund attributable to the participant’s Account to the extent such interest is attributable to employer basic contributions made in previous plan years, direct transfers from other plans, intra-plan transfers from other than the then-current class pursuant to section 6.4 of Supplement C, and rollovers to the Plan. Separate ESOP sub-accounts will reflect the value of any interest in other investment funds attributable to the participant’s account to the extent such interest in the fund is attributable to contributions made during the plan year and intra-plan transfers from the then-current class pursuant to section 6.4 of Supplement C. Separate non-ESOP sub-accounts will reflect the value of any interest in investment funds (other than the Caterpillar Common Stock Fund) attributable to the par...
Sample 1
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Related to ESOP Accounting

  • Annual Accounting The Custodian shall, at least annually, provide the Depositor or Beneficiary (in the case of death) with an accounting of such Depositor's account. Such accounting shall be deemed to be accepted by the Depositor or the Beneficiary, if the Depositor or Beneficiary does not object in writing within 60 days after the mailing of such accounting statement.

  • Fiscal Year; Accounting The Company's fiscal year shall be the calendar year with an ending month of December.

  • Annual Accounting Period The annual accounting period of the Company shall be its taxable year. The Company’s taxable year shall be selected by the Member, subject to the requirements and limitations of the Code.

  • PREMIUM ACCOUNTING The Company will pay the Reinsurer premiums in accordance with the terms specified in Exhibit C-1. The method and requirements for reporting and remitting premiums are specified in Exhibit F.

  • Fund Accounting The Trustees may in their discretion from time to time enter into one or more contracts whereby the other party or parties undertakes to handle all or any part of the Trust’s accounting responsibilities, whether with respect to the Trust’s properties, Shareholders or otherwise.

  • Disclosure Accounting So that Company may meet its disclosure accounting obligations under 45 C.F.R. § 164.528:

  • TO Fund Accounting Agreement This Amendment No. 16 (this “Amendment”) is made and entered into effective as of October 1, 2018 (“Amendment Effective Date”) by and between each Fund listed on amended Exhibit A (each a “Fund” or collectively the “Funds”), attached hereto as attachment A, T. ROWE PRICE ASSOCIATES, INC., a Maryland corporation having its principal office located at 100 E. Pratt Street, Baltimore, Maryland 21202 (“TRP”) and THE BANK OF NEW YORK MELLON, a bank organized under the Laws of the State of New York, having its principal office located at 255 Liberty Street, New York, New York 10286 (“BNY Mellon”).

  • Tax Accounting Services (1) Maintain accounting records for the investment portfolio of the Fund to support the tax reporting required for “regulated investment companies” under the Internal Revenue Code of 1986, as amended (the “Code”). (2) Maintain tax lot detail for the Fund’s investment portfolio. (3) Calculate taxable gain/loss on security sales using the tax lot relief method designated by the Trust. (4) Provide the necessary financial information to calculate the taxable components of income and capital gains distributions to support tax reporting to the shareholders.

  • Distribution of Financial Contribution The financial contribution of the Funding Authority to the Project shall be distributed by the Coordinator according to: - the Consortium Plan - the approval of reports by the Funding Authority, and - the provisions of payment in Section 7.3. A Party shall be funded only for its tasks carried out in accordance with the Consortium Plan.

  • No Accounting Except to the extent required by the 1940 Act or, if determined to be necessary or appropriate by the other Trustees under circumstances which would justify his or her removal for cause, no person ceasing to be a Trustee for reasons including, but not limited to, death, resignation, retirement, removal or incapacity (nor the estate of any such person) shall be required to make an accounting to the Shareholders or remaining Trustees upon such cessation.

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