Accumulated Benefit means the sum of a Participant's or Beneficiary's Account Balances under all Investment Arrangements under the Plan.
Accumulated Benefit means, when applied to any Participant and his or her interest under this Plan as of any specified date that occurs on or after January 1, 2008: (i) to the extent that his Cash Balance Account is used in any manner to determine such interest, the amount that as of such specified date is credited to the Participant’s Cash Balance Account; or (ii) to the extent that such interest is not subject to clause (i) of this sentence, the Participant’s Accrued Benefit that applies as of such specified date to such interest. A Participant’s Accumulated Benefit as of any specified date that occurs on or after January 1, 2008, as such benefit is expressed under the terms of the immediately preceding sentence, refers to the Participant’s benefit under the Plan that has accrued to that specified date and that is used to determine that the Plan satisfies the requirements of section 411(b)(1)(H)(i) and (b)(5)(A) of the Code and section 204(b)(1)(H)(i) and (b)(5)(A) of ERISA.
Accumulated Benefit for a Trust Beneficiary shall mean the Benefits to which such Trust Beneficiary may become entitled as of each March 31 with respect to service by an Executive to such date;
Examples of Accumulated Benefit in a sentence
Arbitrage will take place to take the benefit of the inherent opportunities such that market pressure will close the gap of the differential market values until a state of market equilibrium is reached between the values of the two firms.
At no time shall the Accumulated Benefit Obligations under any Plan that is not a Multiemployer Plan exceed the fair market value of the assets of such Plan allocable to such benefits by more than $10,000,000.
At no time shall the Accumulated Benefit Obligations under any Plan that is not a Multiemployer Plan exceed the fair market value of the assets of such Plan allocable to such benefits by more than $500,000.
At no time shall the Accumulated Benefit Obligations under any Plan that is not a Multiemployer Plan exceed the fair market value of the assets of such Plan allocable to such benefits by more than $250,000.
At no time shall the Accumulated Benefit Obligations under any Plans that are not Multiemployer Plans exceed the fair market value of the assets of such Plans allocable to such benefits by more than $5,000,000.
More Definitions of Accumulated Benefit
Accumulated Benefit means the sum of a Participant’s or Beneficiary’s Account Balances under all Investment Arrangements under the Plan.
Accumulated Benefit means the total benefit to which a participant or beneficiary is entitled under a section 403(b) contract, including all contributions made to the contract and all earnings thereon.
Accumulated Benefit means the total benefit to which a Member or Beneficiary is entitled under the Plan, including all Contributions made to the Plan by or for the benefit of a Member and all earnings and losses on those Contributions. A Member’s Accumulated Benefit is equal to the Member’s Accumulations.
Accumulated Benefit means the to- tal benefit to which a participant or ben- eficiary is entitled under a section 403(b) contract, including all contributions made to the contract and all earnings thereon.
Accumulated Benefit means the sum of: (1) unused Monthly Benefit Level; and (2) transfer of Pooled Contributions for an Eligible Retiree with Short Service benefits. Accumulated Benefit is available for reimbursement of Covered Expenses of all Beneficiaries until the Accumulated Benefit amount is exhausted. The Accumulated Benefit does not earn interest.
Accumulated Benefit means the sum of a Participant’s, Beneficiary’s or Alternate Payee’s Account Balances under all Investment Arrangements under the Plan. Adoption Agreement. Adoption Agreement means the document executed by each Employer adopting this Plan. References to Adoption Agreement within this basic plan document are to the Adoption Agreement as completed and executed by a particular Employer unless the context clearly indicates otherwise. An adopting Employer’s Adoption Agreement and this basic plan document together constitute a single Plan of the Employer. The Plan also includes any Investment Arrangement, and such other list(s), policies and procedures, or written document(s) (such as loan policies or service contracts), which, when properly executed or otherwise put into effect fully describe the Plan and practice of the Employer with respect to the Plan from and after the later of the initial Effective Date or restated Effective Date as set forth in the Adoption Agreement, to the extent such items do not conflict with the terms of this basic plan document and the Adoption Agreement. Each elective provision of the Adoption Agreement corresponds (by its parenthetical section reference) to the section of the Plan which grants the election. All “Section” references within an Adoption Agreement are to the basic plan document. All “Election” references within an Adoption Agreement are Adoption Agreement references. The Employer or Plan Administrator to facilitate Plan administration or to generate written policies or forms for use with the Plan may maintain one or more administrative checklists as an attachment to the Adoption Agreement or otherwise. Any such checklists are not part of the Plan. Advisory Letter. Advisory Letter means an IRS issued advisory letter as to the acceptability of the form of a Volume Submitter Plan. For further description of advisory letters, see IRS Rev. Proc. 2013-22.
Accumulated Benefit means the sum of the Member’s or Beneficiary’s Account Balances under all Funding Arrangements under the Plan.