Xxxx Account Sample Clauses
Xxxx Account. Individual or employee plan contributions made to certain plans on an after-tax basis. An IRA may be established as a Xxxx XXX under Section 408A, and 401(k), 403(b) and 457(b) plans may provide for Xxxx accounts. Contributions to a Xxxx XXX are limited based on the level of your modified adjusted gross income. Comparison of Plan Limits for Individual Contributions: IRA $6,500 $1,000 SIMPLE IRA $15,500 $3,500 401(k) $22,500 $7,500 SEP/401(a) (Employer contributions only) 403(b) [TSA] $22,500 $7,500 457(b) $22,500 $7,500 Dollar limits are for 2023 and subject to cost-of-living adjustments in future years. Employer-sponsored individual account plans (other than 457(b) plans) may provide for additional employer contributions not to exceed the lesser of $66,000 and 100% of an employee’s compensation for 2023. While no attempt is being made to discuss the Federal estate tax implications of the Contract, you should bear in mind that the value of an annuity contract owned by a decedent and payable to a beneficiary by virtue of surviving the decedent is included in the decedent’s gross estate. Depending on the terms of the annuity contract, the value of the annuity included in the gross estate may be the value of the lump sum payment payable to the designated beneficiary or the actuarial value of the payments to be received by the beneficiary. Consult an estate planning adviser for more information.
Xxxx Account. 1. The School Corporation agrees to contribute One Percent (1%) of the Teacher's step base salary for that school year to an individual account in a VEBA for each eligible Teacher.
2. The VEBA account will be vested at Twenty Percent (20%) per year of service with the School Corporation. The vested account may be used upon retirement or termination of employment for premiums on medical, dental or vision coverage, as well as other qualified medical expenses under Section 213 of the Internal Revenue Code. If a Teacher retires, dies, or otherwise terminates employment before satisfaction of the vesting requirements, the Teacher's VEBA plan account shall be forfeited. The forfeited amounts shall be used to reduce future School Corporation contributions.
Xxxx Account. For administrative convenience the parties may establish a joint bank account which will be utilized to pay shared expenses.
Xxxx Account a) The cardholder may not overdraw his/her account by giving a transaction instruction. And if it so happens that the account becomes overdrawn through action of the cardholder, then the Bank is entitled to claim not only the amounts owed but the interest and recovery charges as well.
Xxxx Account a. Subject to the Bank’s sole discretion and minimum balance requirements the Bank may open a Call Account for the Customer. UAE - Terms and Conditions (19 Dec 2017)
b. The applicable interest rate on the Call Account shall be advised at the Bank’s branches and website. Interest shall be payable on the daily balance in the Customer’s Call Account. Interest will be computed monthly and credited semi-annually, or prior to that upon the withdrawal of the Call deposit. Interest rates, tiers, crediting cycles and other features of a Call Account are subject to change.
c. All Call Accounts are subject to the Bank’s prevailing minimum balance limits. If the balance falls below the minimum at any time during a month, the Bank shall have the right to close the Call Account and/or levy the Bank’s prevailing service charge.
d. The Customer shall not draw cheques on a Call Account.
x. Xx withdraw funds from the Customer’s Call Account, the Customer must give the Bank prior written notice or notify the Bank through electronic means acceptable to the Bank, in each case subject to an agreed number of days (subject to change by the Bank in its sole discretion) and such conditions or restrictions as the Bank may from time to time, in its sole discretion, determine.
f. If the Customer withdraws funds from the Customer’s Call Account without giving adequate prior notice (as set out in Clause 23B.e above), the Customer acknowledges that the Bank will withhold interest on the funds withdrawn for the agreed notice period.
Xxxx Account. Employer Account Paragraph 9.4, 9.5 [Select one or both, if desired]
Xxxx Account. Administrative Agent shall maintain a loan account (the “Loan Account”) on its books to record Loans, the Letters of Credit issued or arranged by Xxxxxxx Xxxxxx for the Borrowers’ account, and other extensions of credit made by Lenders hereunder or under any other Credit Document, and all payments thereon made by the Borrowers. All entries in the Loan Account shall be made in accordance with Administrative Agent’s customary accounting practices as in effect from time to time. The balance in the Loan Account, as recorded on Administrative Agent’s most recent printout or other written statement, shall be conclusive and binding evidence of the amounts due and owing to Administrative Agent by the Borrowers absent clear and convincing evidence to the contrary; provided, that any failure to so record or any error in so recording shall not limit or otherwise affect the Borrowers’ duty to pay all amounts owing hereunder or under any other Credit Document; provided further, that in the event of any inconsistency between the Register and the Loan Account, the recordations in the Register shall govern. Unless the Administrative Borrower notifies Administrative Agent of any objection to any such printout or statement (specifically describing the basis for such objection) within thirty (30) days after the date of receipt thereof, it shall be deemed final, binding and conclusive upon the Borrowers in all respects as to all matters reflected therein. Notwithstanding anything to the contrary contained in any Security Document or in any other Credit Document, but subject to the terms of the Revolver Intercreditor Agreement, each Credit Party hereby acknowledges, confirms and agrees that, at any time during a Cash Dominion Period, Administrative Agent may, or at the direction of Required Lenders shall, cause each financial institution maintaining a Deposit Account that is the subject of a control agreement to remit all amounts held by such financial institution on behalf of the applicable Credit Party to the Payment Account or such other deposit account identified by Administrative Agent from time to time.
Xxxx Account an account of each Partner in the books of the Partnership reflecting a credit balance or a debit balance.
Xxxx Account o(VI)After-tax Account. o(VII)Voluntary Deductible Account.
Xxxx Account. Individual or employee Plan contributions made to certain Plans on an after-tax basis. An IRA may be established as a Xxxx XXX, and 401(k), 403(b) and 457(b) Plans may provide for Xxxx accounts. ERISA If your Plan is subject to ERISA and You are married, the income payments, withdrawal provisions, and methods of payment of the death benefit under your Contract may be subject to your spouse's rights as described below. Generally, the spouse must give qualified consent whenever You elect to: