Accumulation Category definition

Accumulation Category means the Accumulation Category (Employer) or the Accumulation Category (Personal) described in clause 2.3.1 or any other Category established under clause 2.3.3 that the Trustee decides to treat as an Accumulation Category.
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Examples of Accumulation Category in a sentence

  • A Member of the Defined Benefit Category may apply to the Trustee to become a Member of an Accumulation Category if the Member completes an application acceptable to the Trustee and they are employed by an Employer.

  • The Trustee may resolve to terminate an Accumulation Category at any time.

  • If a change of the type described in clause 9.7.1(b) is to be made relating to an Accumulation Category or the Defined Benefit Category and the change will or may increase any liability of an Employer to contribute to the Fund, the change may not be made unless the Employer consents.

  • Following termination of an Accumulation Category, the Trustee may transfer the relevant Beneficiaries’ Account Balances referred to in clause 19.2 to one or more other Categories in accordance with clause 9.7.2 or deal with them in any other way permitted by Relevant Law.

  • A4 Contributions A4.1 Member Contributions A4.1.1 A Member of the Accumulation Category (Employer) must make contributions to the Fund for crediting to this Category if required by the Relevant Law.

  • Where this clause 10.8 applies, in the case of Members of the Accumulation Category (Employer) who are employees of that Employer, their Beneficiary’s Account Balance may remain in the Fund.

  • B1.2 Without limiting rule B1.1, where permitted by Relevant Law: (a) a person in respect of whom a Spouse Benefit Account has been or will be established, may be admitted as a Spouse Member to the Accumulation Category (Personal); (b) a Non-Member Spouse may be admitted as a Member to the Accumulation Category (Personal).

  • If the Trustee resolves to terminate an Accumulation Category: it will make any arrangements it considers appropriate (for example relating to contributions, pending benefit payments, valuation of Assets attributable to the Category and provisioning for expenses, and any fair and equitable adjustments to Beneficiary’s Account Balances).

  • A4.5 Changes to Employer Contributions Subject to Relevant Law, an Employer may cease, suspend or reduce contributions in respect of any Member to the Accumulation Category (Employer) by giving written notice to the Trustee.

  • Accumulation Category RPS are RPS that may declare a distribution but whose net income is then reinvested in the capital of the relevant Fund on the distribution date, thereby increasing the total number of RPS held by the investor of an Accumulation Category RPS relative to an Income Category RPS.

Related to Accumulation Category

  • Accumulation Amount means $83,333,333.34; provided, however, if the commencement of the Accumulation Period is delayed in accordance with Section 2.11 hereof, the Accumulation Amount shall be determined in accordance with the definition of “Accumulation Amount” in the Indenture Supplement.

  • Obligation Category means Payment, Borrowed Money, Bond, Loan, or Bond or Loan, only one of which shall be specified in the Standard, and:

  • Return Accumulation Period means the period from (and including) a Periodic Distribution Date (or, in the case of the first Return Accumulation Period, the Issue Date) to (but excluding) the next (or, in the case of the first Return Accumulation Period, the first) Periodic Distribution Date;

  • Accumulation Period has the meaning set forth in the Indenture Supplement.

  • Accumulation Reserve Funding Period shall not apply if the Calculation Agent on behalf of the Issuer notifies the Indenture Trustee that it expects the Accumulation Period Length to be adjusted to one (1) month, and otherwise shall mean a period commencing on the first Distribution Date on which a condition in the right column of the following table was in effect on the immediately preceding Distribution Date, if the Distribution Date is a Distribution Date described in the corresponding left column of the following table, and ending on the Distribution Date immediately preceding the earlier to occur of:

  • Class A-S Component The Component having such designation.

  • Accumulation Commencement Date means January 1, 2021, or such later date as the Calculation Agent on behalf of the Issuer determines in accordance with Section 2.11 hereof.

  • Overcollateralization Target Amount means, with respect to any Distribution Date, 4.75% of the Pool Balance as of the Cutoff Date.

  • Class X-A Components The Class A-1 Component, Class A-2 Component, Class A-3 Component, Class A-4 Component, Class A-AB Component and Class A-S Component, each of which constitutes a separate class of “regular interests”, within the meaning of Code Section 860G(a)(1), in the Upper-Tier REMIC with a pass-through rate equal to its Class X Strip Rate from time to time and a notional amount equal to its Component Notional Amount from time to time.

  • Class A-4 Component The Component having such designation.

  • eligible Categories means Categories (1), (2) and (3) set forth in the table in paragraph 1 of Schedule 1 to this Agreement;

  • Maximum residual disinfectant level or “MRDL” means a level of a disinfectant added for water treatment that may not be exceeded at the consumer’s tap without an unacceptable possibility of adverse health effects.

  • Class A-2 Component The Component having such designation.