Annual Subaccounts definition

Annual Subaccounts means, with respect to a Participant for any Plan Year and as the context indicates, the subaccounts established under the Participant’s Deferral Account, Employer Contribution Account, and Stock Unit Account (but not the Directors’ Equity Account) attributable to deferrals under the Plan for such Plan Year.
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Annual Subaccounts means, with respect to a Participant for any Plan Year and as the context indicates, the Subaccounts established under the Participant’s Deferral Account, Employee Equity Account or Director Equity Account, in each case attributable to deferrals under the Plan for such Plan Year.
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Examples of Annual Subaccounts in a sentence

  • Each Director’s Deferred Compensation Account will be subdivided into Annual Subaccounts to reflect each grant of Deferred Stock Units made under this Section 4.1. It is intended that the amount credited to each such Annual Subaccount pursuant to this Section 4.1 will be considered a separate amount of deferred compensation under Section 409A of the Code.

  • Without limiting the generality of the foregoing, separate Annual Subaccounts shall be maintained under a Participant’s Account for the deferrals under the Plan for each Plan Year.

  • A Participant’s Annual Subaccounts shall be credited with the deferrals made by him or her or on his or her behalf and shall be credited (or charged, as the case may be) with hypothetical or deemed investment earnings and losses, and shall be charged with distributions made to or with respect to him or her, all as set forth in this Section 4 and the other terms and conditions of the Plan.

  • Should an event occur in respect to a Participant who has elected a Fixed Date Payment under Section 4.1 that triggers a payment under Article 5 or 6, any portion of the Participant’s Annual Subaccounts to which the payment under Article 5 or 6 applies will not be paid in accordance with Section 4.1 but shall be paid in accordance with the applicable provision of Article 5 or 6 except as required to comply with the terms of any Redeferral Election.

  • Solely for recordkeeping purposes and to the extent applicable, the Administrator shall establish a Deferral Account, an Employee Equity Account and a Director Equity Account for each Participant and Annual Subaccounts under each such Account.

  • Distribution of a Participant’s unpaid balance in each of his or her Annual Subaccounts shall be distributed (i) in a lump sum payment or (ii) pursuant to an Annual Installment Method as elected by the Participant in his or her Election Form (including any Redeferral Election).

  • Distribution of a Participant’s unpaid portion of each of his or her Annual Subaccounts under his or her Employee Equity Account or Director Equity Account, shall be distributed as of the Payment Start Date in a lump sum payment.

  • A Participant’s Annual Subaccounts shall be credited with the deferrals made by him or her or on his or her behalf by his or her Employer under this Article 3 for the applicable Plan Year and shall be credited (or charged, as the case may be) with the hypothetical or deemed investment earnings and losses determined pursuant to Section 3.8, and charged with distributions made to or with respect to him or her pursuant to the terms of the Plan.

  • Except as set forth in Section 6.5 and 6.6, the Company shall pay, or shall commence payment of, each Annual Subaccount(s) and Fort James Subaccount in accordance with the Participant’s election as of the date set forth in 6.2(a) or (b), as applicable.

  • The Parties acknowledge that CSE share prices are quoted in Canadian dollars and as such the Parties agree to use the Bank of Canada noon spot currency exchange conversion rate on the Pricing Date to determine the US$ price per Abattis Share to be used in the Calculation.

Related to Annual Subaccounts

  • Surplus Account has the meaning assigned to it in Section 3.02(a).

  • Debt Service Account means the Debt Service Account for General Obligation Temporary Notes, Series 2017-1 (within the Bond and Interest Fund) created pursuant to Section 501 hereof.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Management Accounts means, in relation to any Reporting Period, the Franchisee’s management accounts which: (a) comply with paragraph 3.10 of Schedule 13 (Information and Industry Initiatives); and (b) are required to be delivered to the Secretary of State by the Franchisee in accordance with paragraphs 3.2 and 3.3 of Schedule 13 (Information and Industry Initiatives);

  • Separate Accounts means the accounts which are to be prepared for each

  • Regular account means the account established for each active and inactive member un-

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Subaccount means any subaccount designated and established hereunder.

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Interim Accounts means the unaudited consolidated quarterly financial statements of the Issuer for the quarterly period ending on each 31 March, 30 June, 30 September and 31 December in each year, prepared in accordance with GAAP.

  • Specified Reserve Account Balance means, for any Payment Date, an amount equal to 2.00% of the Pool Balance as of the Cut-Off Date; provided, however, on any Payment Date after the Notes are no longer Outstanding following payment in full of the principal and interest on the Notes, the “Specified Reserve Account Balance” shall be $0.

  • Revenue Account means the Revenue Account established pursuant to the Resolution. “Revenues” means the Pledged Receipts and Recoveries of Principal.

  • Debt Service Reserve Account shall have the meaning assigned to such term in the Depositary Agreement.

  • Principal Collection Subaccount The meaning specified in Section 10.2(a).

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.