Profit Sharing Account Sample Clauses

Profit Sharing Account. In the case of a Profit Sharing Account, you shall pay directly to Speway a monthly fixed Subscription Fee at the start of the calendar month (calculated on a pro-rata basis for periods of less than a full month). In addition to the Subscription Fee, you shall pay to Speway a percentage based Monthly Performance Fee. The Performance Fee shall be calculated on a every close deal basis and shall be based upon your profit made from each selected Signal Provider that exceeds the Benchmark. For the purpose of this agreement, a “Benchmark” is defined as the net new high in profit of a Signal Provider at the current moment, during the life of the Account. The Performance Fee will be applicable separately on each Signal Provider and not in the aggregate performance of the Account as a whole. To open a Profit Sharing Account, you must provide one or more payment methods. In case your primary payment method is declined or no longer available to Speway for the payment of the Subscription Fee and/or Performance Fees, Speway shall charge any one of the other payment methods associated to your Account, as the case may be, including but not limited to the Trading Account with your Broker. In such case, Xxxxxx will proceed to the collection of the fees from the Broker on a best effort basis, without further direction or confirmation from you, unless otherwise notified in writing. This applies to outstanding fees of a current or previous months. Speway shall not be held responsible or liable for any miscalculation or non-payment of said fees for any reason whatsoever. You can cancel the Profit Sharing account subscription at any time, and will continue to have access to the account through the end of the billing period. Payments are non-refundable and Speway does not provide refunds or credits for any partial - month subscription periods or unused Profit Sharing Account. To cancel the subscription, you should follow the relevant instructions of the Platform. The amounts of the Subscription Fee and Performance Fees are available on Speway’s website and shall be communicated to you in the context of the opening a Profit Sharing account. Speway may change the said amounts from time to time; however, any such changes will apply to subsequent billing cycles following notice of the change(s) to you. Profit Sharing Account fees may be charged by Speway itself or by any other Affiliate entity of Speway as the case may be. By utilizing a Profit Sharing account, you agree to be boun...
Sample 1
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Profit Sharing Account. Profit Sharing Account" means the ---------------------- Account to which Discretionary Profit Sharing Contributions and investment earnings thereon are recorded.
Sample 1
Profit Sharing Account. (a) If Profit Sharing Contributions (as defined in the Vitalink 401(k) Plan) are made under the Vitalink 401(k) Plan, an Employer may make a discretionary profit sharing contribution (a "Discretionary Profit Sharing Contribution") under this Plan to a Participant's Profit Sharing Account if such Participant is still employed by an Employer on the last day of the Plan Year. Notwithstanding the previous sentence, a Participant who has a Termination of employment during the Plan Year on account of
Sample 1
Profit Sharing Account. After five (5) years of participation in the Plan (including participation in the DIP and the TESOP), a Participant may withdraw all of the vested balance of his Profit Sharing Account by filing a written notice with the Trustee. In this event, however, he shall be deemed to have suspended participation in the Plan for a period of 12 months, and all deferred salary contributions shall be suspended. The effective date of such written notice shall be the date the notice is received by the Trustee or a date subsequent thereto if the Participant so states in the written notice.
Sample 1

Related to Profit Sharing Account

  • Deferred Compensation Account All Participant Deferral Credits and Employer Credits shall be credited to the Deferred Compensation Account of the Participant as provided in Section 8.

  • Employer Profit Sharing Contributions An Employee will be eligible to become a Participant in the Plan for purposes of receiving an allocation of any Employer Profit Sharing Contribution made pursuant to Section 11 of the Adoption Agreement after completing 1 (enter 0, 1, 2 or any fraction less than 2)

  • Retirement Accounts With respect to certain retirement plans or accounts (such as individual retirement accounts (“IRAs”), SIMPLE IRAs, SEP IRAs, Xxxx IRAs, Education IRAs, and 403(b) Plans (such accounts, “Retirement Accounts”), the Transfer Agent, at the request and expense of the Fund, provide or arrange for the provision of various services to such plans and/or accounts, which services may include custodial agent services such as account set-up maintenance, and disbursements as well as such other services as the parties hereto shall mutually agree upon.

  • Income Account The Trustee shall collect the dividends and other cash distributions on the Securities in each Trust which would be treated as dividend (other than capital gain dividends) or interest income under the Internal Revenue Code as such become payable (including all monies which would be so treated representing penalties for the failure to make timely payments on the Securities, or as liquidated damages for default or breach of any condition or term of the Securities or of the underlying instrument relating to any Securities and other income attributable to a Failed Contract Obligation for which no Replacement Security has been obtained pursuant to Section 3.12 hereof) and credit such income to a separate account for each Trust to be known as the "Income Account." Any non-cash distributions received by a Trust shall be sold to the extent they would be treated as dividend or interest income under the Internal Revenue Code and the proceeds shall be credited to the Income Account. Except as provided in the preceding sentence, non-cash distributions received by a Trust (other than a non-taxable distribution of the shares of the distributing corporation which shall be retained by a Trust) shall be dealt with in the manner described in Section 3.11, herein, and shall be retained or disposed of by such Trust according to those provisions and the proceeds thereof shall be credited to the Capital (Principal) Account. Neither the Trustee nor the Depositor shall be liable or responsible in any way for depreciation or loss incurred by reason of any such sale. All other distributions received by a Trust shall be credited to the Capital (Principal) Account."

  • Profit Sharing Plan Under the Northrim BanCorp, Inc. Profit Sharing Plan (the “Plan”), Executive shall be eligible to receive an annual profit share based on performance as defined by the Board of Directors. Executive will be classified in the Executive tier under the Plan’s Responsibility Factors. If Employer is required to prepare an accounting restatement due to “material noncompliance of the Employer,” the Employer will recover from the Executive any incentive compensation during the three (3) years prior to the date of the restatement, in excess of what would have been paid under the restatement. Executive’s signature on this Agreement authorizes Employer to offset or deduct from any compensation Employer may owe Executive, any excess payments (in whole or in part) that Executive may owe Employer due to such restatement(s).

  • 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.

  • 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:

  • Pension and Profit Sharing Plans Executive shall be entitled to participate in any pension or profit sharing plan or other type of plan adopted by Company for the benefit of its officers and/or regular employees.

  • Retention Account credits and withdrawals

  • Employer Contributions 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement.

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