PARTICIPANT'S ACCOUNT BALANCE IN GUARANTEED INTEREST DIVISION Sample Clauses

PARTICIPANT'S ACCOUNT BALANCE IN GUARANTEED INTEREST DIVISION. The dollar value of a Participant's Account balance in the Guaranteed Interest Division as of a date will be equal to the sum of: (a) Contributions allocated, on behalf of the Division on or prior to that date, and Participant, to the Guaranteed Interest (b) Xxxxxxx transferred, on behalf of the Participant, to the Guaranteed Interest Division from the Variable Investment Division on or prior to that date, less any; (c) Gross Withdrawal Amounts from the Guaranteed Interest Division, on behalf of the Participant, on or prior to that date; and (x) Xxxxxxx transferred, on behalf of the Participant,to the Variable Investment Division on or prior to that date; and (e) Applicable charges to the Participant's Account on or prior to that date; and (f) Annuity Conversion Amounts, on behalf of the Participant, on or prior to that date, plus any; (g) Interest credited to the Participant's Account balance in the Guaranteed Interest Division on or prior to that date.
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Related to PARTICIPANT'S ACCOUNT BALANCE IN GUARANTEED INTEREST DIVISION

  • Account Balance The Servicer must never allow any Custodial T&I Account to become overdrawn as to any individual related Borrower. If there are insufficient funds in the account, the Servicer must advance its own funds to cure the overdraft.

  • Account Balances Balances shown in your accounts may include deposits subject to verification by us. The balance reflected in the Service may differ from your records due to deposits in progress, checks outstanding, or other withdrawals, payments or charges. A transfer request may not result in immediate availability because of the time required to process the request. A transfer request must be made before the Business Day Cut-off time to be effective the same Business Day. The balances within the Service are updated periodically and the Service will display the most current "as of" date on the "accounts" summary page. There may be situations that cause a delay in an update of your balances. The Service will use the most current balance available at the time of a transaction to base our approval for account transfers.

  • Deferral Account Crediting. The Company shall establish a Deferral Account on its books for the Director, and shall credit to the Deferral Account the following amounts:

  • SIMPLE Individual Retirement Custodial Account (Under section 408(p) of the Internal Revenue Code) The participant named above is establishing a savings incentive match plan for employees of small employers individual retirement account (SIMPLE IRA) under sections 408(a) and 408(p) to provide for his or her retirement and for the support of his or her beneficiaries after death. The custodian named above has given the participant the disclosure statement required by Regulations section 1.408-6. The participant and the custodian make the following agreement:

  • No Interest on Capital Contributions Members are not entitled to interest or other compensation for or on account of their capital contributions to the Company except to the extent, if any, expressly provided in this Agreement.

  • Multiple Individual Retirement Accounts In the event the depositor maintains more than one Individual Retirement Account (as defined in Section 408(a)) and elects to satisfy his or her minimum distribution requirements described in Article IV above by making a distribution from another individual retirement account in accordance with Item 6 thereof, the depositor shall be deemed to have elected to calculate the amount of his or her minimum distribution under this custodial account in the same manner as under the Individual Retirement Account from which the distribution is made.

  • No Interest on Contributions No Partner shall be entitled to interest on its Capital Contribution.

  • Traditional Individual Retirement Custodial Account The following constitutes an agreement establishing an Individual Retirement Account (under Section 408(a) of the Internal Revenue Code) between the depositor and the Custodian.

  • Accrued Benefit 1.05 1.16 Nonforfeitable ............................................. 1.05 1.17 Plan Year/Limitation Year .................................. 1.05 1.18 Effective Date ............................................. 1.05 1.19 Plan Entry Date ............................................ 1.05 1.20

  • Interest on Capital Contributions No Member shall be entitled to any interest on its capital contribution.

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