Individual Retirement Account Sample Clauses
Individual Retirement Account. IRS Code. US Internal Revenue Code of 1986, as amended, and its rules and regulations.
Individual Retirement Account. Each Employee, upon becoming a Participant under the Plan, shall establish an IRA xxxh the Sponsor. The Employee or Sponsor shall furnish an account number to the Employer certifying the existence of such account.
Individual Retirement Account. Establishing Account and Rate. An Individual Retirement Account (XXX) may be established by a member completing a separate XXX application form, and making a deposit of $5.00 or more. These accounts are a special type of share accounts, and may provide tax benefits to the account owner. An XXX may be established as a Minimum Balance Requirements; Deposits. An initial deposit of at least $5.00 is required to open an XXX. After you have established your XXX, you may make additional deposits into that account at any time. We may establish minimum amounts for deposits in these Accounts from time to time. Deposits are also subject to federal law limitations. Withdrawing Money from Your XXX. As long as you have money in your account, and subject to any applicable state or federal laws and regulations, the transaction limitations in this Agreement, including the Truth in Savings Disclosure, and the Credit Union’s Bylaws, money can be withdrawn from your account by any method approved by the Credit Union. Currently the only approved methods are an in- office transaction or a written request (such as by mail) meeting the credit union’s requirements. Withdrawals from this account will reduce earnings. If you seek to make a withdrawal that will reduce your account balance below $5.00, we require you to withdraw the full amount in the account and close it. Rate and Annual Percentage Yield (“APY”). Your Account will earn dividends, at rates established by the Credit Union’s Board from time to time. The Credit Union reviews the interest rate and corresponding annual percentage yield (APY) it pays on your XXX each dividend period. Refer to the Rate Schedule for our current rates. The dividend rate and APY may change every calendar month as determined by the Credit Union. This is a variable rate account. The dividend rates will be available each business day at our office. The words “dividend” (or “dividends”) and “interest” may be used interchangeably in this Agreement. Compounding Dividends. We compound your dividends, even though that isn’t required by law. Compounding is more favorable to you, because once dividends have been credited to your account they are added to the balance on which you will earn future dividends. Because we compound dividends, the actual yield on your account will be somewhat higher than the annual dividend rate. The Annual Percentage Yield (APY) will be posted along with the annual dividend rate. Crediting Dividends. Dividends will be credited...
Individual Retirement Account. If Authorized Selling Firm establishes an individual retirement plan through which Company's Products may be offered, then this Section 4.15 applies to such transactions in addition to all other terms and conditions under this Agreement.
Individual Retirement Account. You may open one or more individual retirement accounts, (“IRA”), which may be a savings account or a certificate of deposit. Individual retirement accounts are also governed by separate disclosures and agreements which we will provide to you at the time such accounts are opened. You may not pledge your individual retirement account or any other retirement or pension account as collateral for any loan.
Individual Retirement Account. Establishing
Individual Retirement Account. OR ANNUITY ("IRA"): A retirement arrangement meeting the requirements of Section 408 of the Internal Revenue Code under which any appreciation is tax deferred.
Individual Retirement Account. The BOARD will consult with the ASSOCIATION / UNION to determine a single carrier for an Individual Retirement Account, and will make payroll deductions as required by individual paraeducator to that carrier. Such voluntary deductions are subject to conditions stated in ARTICLE 4-DUES CHECK-OFF AND OTHER DEDUCTIONS.
Individual Retirement Account. This amount shall be changed only at the beginning of a semester. Those teachers requesting this must inform the office in writing by the end of the second full week of school in September for deductions in the first semester and prior to the start of the second semester for deductions during the second semester. Requested changes in the Credit Union amount must be on the form provided by the Chen-Del-0 Federal Credit Union. Under extenuating circumstances, deductions may be changed at other times with the approval of the Chief School Administrator.
Individual Retirement Account. The Owner of this Contract is the Annuitant. The maximum Purchase Payments per year will be as provided by federal income tax law. The Annuity Date shall be no later than the end of the calendar year in which the Annuitant attains age 70 1/2.