Prior Plan Account Clause Samples

Prior Plan Account. A separate Account maintained for each Member who had a balance as of December 31, 1988 in any account under Part III of the Arrow Electronics ESOP and Capital Accumulation Plan as then in effect, to which shall be credited such balance together with applicable Investment Adjustments. Effective November 29, 1994, Prior Plan Accounts are terminated and the balances therein are transferred to the Members’ Rollover Accounts.
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Prior Plan Account. A Participant with a Prior Plan Account may at any time apply to withdraw from that account an amount not in excess of the aggregate total contributions made on his or her behalf to the Prior Plan less subsequent withdrawals. A Former Participant with a Prior Plan Account may not withdraw from that account, except as provided in Subsection 5.3. 5.5 Hardship Withdrawals A Participant may make a hardship withdrawal as provided in Appendix B. A Former Participant, Beneficiary or Alternate Payee may not make a hardship withdrawal.
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Related to Prior Plan Account

  • 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:

  • Cash Account Except as otherwise provided in Instructions acceptable to Bank, all cash held in the Cash Account shall be deposited during the period it is credited to the Account in one or more deposit accounts at Bank or at Bank's London Branch. Any cash so deposited with Bank's London Branch shall be payable exclusively by Bank's London Branch in the applicable currency, subject to compliance with any Applicable Law, including, without limitation, any restrictions on transactions in the applicable currency imposed by the country of the applicable currency.

  • 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.

  • Individual Account An individual account is an account owned by you alone, which you as the account owner use during your lifetime.

  • 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: