Nonforfeitable Account Sample Clauses

Nonforfeitable Account. The interest of the Participant in the Account may not be assigned, and shall not be subject to alienation, assignment, process, garnishment, attachment, execution or levy of any kind. The Participant’s interest in the Account shall at all times be non-forfeitable.
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Nonforfeitable Account. The Account Owner’s interest in the balance of the Account is nonforfeitable.
Sample 1

Related to Nonforfeitable Account

  • Amount of Employer Contribution The Employer Contribution amounts and rules in effect on June 30, 2017 will continue through December 31, 2017.

  • Interest Bearing Account If the Province provides Funds before the Recipient’s immediate need for the Funds, the Recipient will place the Funds in an interest bearing account in the name of the Recipient at a Canadian financial institution.

  • Deferred Earnings The manner in which the deferred salary is held shall be at the discretion of the Hospital. The employee will be made aware, in advance of having to sign any formal agreement, of the manner of holding such deferred salary. Interest which is accumulated during each year of the deferral period shall be paid out to the employee in accordance with Part LXVIII of the Income Tax Regulations, Section 6801.

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