PARTICIPANT'S INDIVIDUAL ACCOUNT Sample Clauses

PARTICIPANT'S INDIVIDUAL ACCOUNT. An account to which the General Account values and the Separate Account Accumulation Units held by the Contract Owner on behalf of a Participant are allocated.
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PARTICIPANT'S INDIVIDUAL ACCOUNT. 12 3.04 Change of Allocation and Transfer Between Accounts ............... 13 3.05
Sample 1
PARTICIPANT'S INDIVIDUAL ACCOUNT. A Participant's Individual Account under this Contract shall, prior to retirement, consist of a number of accumulation units equal to the number provided by the application of the net contributions described in Section 3.02 in accordance with the Plan. Benefits will be purchased or provided only in such amounts and under such conditions as called for by the Plan. No Participant shall have any specific rights to such individual Account. The amount payable to, or applied to provide benefits for, a Participant or beneficiary, shall be limited to the value of the Participant's Individual Account. When a Participant or beneficiary becomes entitled to a benefit in accordance with the Plan, the Contract Owner will notify Great American Reserve as to the manner of Payment of any benefit and the disposition to be made of that Participant's Individual Account. Following the Annuity Commencement Date, no further contributions may be made for that Individual Account.
Sample 1
PARTICIPANT'S INDIVIDUAL ACCOUNT. Inactive Participants 10 5 Valuation Provisions 10 6 Accumulation and Annuity Unit Value 10 7 Experience Rating 11 8 Suspension 11 9 Change to Paid-Up Contract 11 Article IV - GENERAL PROVISIONS 12 Section Page ------- ---- Article V - The Plan 1 Plan Description 16 2 Eligibility 16 3 Annuity Commencement Date 16 4 Annuity Benefits, Election of Optional Annuities 16 5 Transfer at Retirement Option 16 6 Death Benefit 17 7 Withdrawal Benefits 17 8 Termination Benefits 18 9 Contributions by Contract Holder or Participating Employer 18 10 Rates of Contribution 18 11 Vesting 18 12 Voting Rights 19 13 Service of Process 19 Table of Contents (Continued) 4
Sample 1
PARTICIPANT'S INDIVIDUAL ACCOUNT. INACTIVE PARTICIPANTS A Participant's Individual Account under this Contract shall, at any time, consist of a number of accumulation units equal to the number provided by the application of the Net Contributions described in Section 2 of this Article in accordance with the Plan, plus any additional accumulation units created in accordance with Section 7 of this Article, and less any accumulation units withdrawn in accordance with Section 7 of Article 5. As of the day a Participant becomes an Inactive Participant, the number of accumulation units to be continued in his Individual Account shall be determined in accordance with instructions from the Contract Holder, and such number will remain constant, except for any additional accumulation units credited in accordance with Section 7 of this Article, until an annuity is purchased for such Inactive Participant on his Annuity Commencement Date.
Sample 1
PARTICIPANT'S INDIVIDUAL ACCOUNT. A Participant's Individual Account under this Contract shall, at any time, consist of a number of accumulation units equal to the number provided by the application of the net contributions described in Section 3.02 in accordance with the Plan, plus any additional units credited in accordance with Section 3.08. Benefits will be purchased or provided only in such amounts and under such conditions as called for by the Plan. No Participant shall have any specific rights to such Individual Account. The amount payable to, or applied to provide benefits for, a Participant or beneficiary, shall be limited to the value of the Participant's Individual Account. When a Participant or beneficiary becomes entitled to a benefit in accordance with the Plan the Contract Owner will notify Aetna as to the manner of payment of any benefit and the disposition to be made of such Individual Account.
Sample 1

Related to PARTICIPANT'S INDIVIDUAL ACCOUNT

  • Deferral Account 3.1 Establishing and Crediting. The Company shall establish a Deferral Account on its books for the Director, and shall credit to the Deferral Account the following amounts:

  • Individual Accounts The Advisory Committee will maintain, or direct the Trustee to maintain, a separate Account, or multiple Accounts, in the name of each Participant to reflect the Participant's Accrued Benefit under the Plan. If a Participant re-enters the Plan subsequent to his having a Forfeiture Break in Service, the Advisory Committee, or the Trustee, must maintain a separate Account for the Participant's pre-Forfeiture Break in Service Accrued Benefit and a separate Account for his post-Forfeiture Break in Service Accrued Benefit, unless the Participant's entire Accrued Benefit under the Plan is 100% Nonforfeitable. The Advisory Committee will make its allocations, or request the Trustee to make its allocations, to the Accounts of the Participants in accordance with the provisions of Section 9.11. The Advisory Committee may direct the Trustee to maintain a temporary segregated investment Account in the name of a Participant to prevent a distortion of income, gain or loss allocations under Section 9.11. The Advisory Committee must maintain records of its activities.

  • VALUE OF PARTICIPANT'S ACCRUED BENEFIT If a distribution (other than a distribution from a segregated Account) occurs more than 90 days after the most recent valuation date, the distribution will include interest at: (Choose (a), (b) or (c))

  • Participant See Section 7(a) hereof.

  • 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

  • Plan Year Any reference to “

  • Participants The Lender and its participants, if any, are not partners or joint venturers, and the Lender shall not have any liability or responsibility for any obligation, act or omission of any of its participants. All rights and powers specifically conferred upon the Lender may be transferred or delegated to any of the Lender's participants, successors or assigns.

  • 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.

  • Employee Participants 2.01 ELIGIBILITY.

  • Participant Contributions If Participant contributions are permitted, complete (a), (b), and (c). Otherwise complete (d).

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