Bank Contribution Account definition

Bank Contribution Account means that account established on behalf of a Participant to which his share of Bank Contributions under the Plan has been allocated as such account is adjusted from time to time to reflect investment results.
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Bank Contribution Account means the separate, individual account established on behalf of a Participant to which the Bank Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account. Effective April 15, 1999, Bank Contribution Account shall also mean matching contribution accounts maintained on behalf of Employees of the acquired Financial Federal Savings Bank under the former Financial Federal Plan, as in effect on April 14, 1999.
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Bank Contribution Account means the Account(s) established to record Bank Contributions and any earnings credited thereto.
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Examples of Bank Contribution Account in a sentence

  • The Committee shall further establish a Salary Reduction Contribution Account and a Bank Contribution Account for each Participant who after such date enters into a Salary Reduction Agreement as provided in Section 4.1 and is not an Account Director for whose benefit there existed prior to such date any such Account; and such Accounts shall be established at the first time on or after October 3, 1994, Salary Reduction Contributions on behalf of such Participant are paid over by the Bank to the Trustee.

  • Each Employee who enrolled in the Plan on October 1, 1992 shall be 100% vested in his Bank Contribution Account.

  • Hardship distributions may be made by a distribution of all or a portion of (i) a Participant's Before-Tax Contributions, (ii) all or a portion of his vested interest in the Net Value of his Bank Contribution Account, (iii) the Net Value of his Rollover Contribution Account and (iv) the Net Value of his Pioneer Prior Matching Contribution Account.

  • From time to time, but not less frequently than annually, the Bank shall provide to the Executive a benefit statement setting forth the balance of the Bank Contribution Account maintained for the Executive.

  • The Deferral Account will be distributable only when a distribution from a Bank Contribution Account would be permitted pursuant to Article 8.

  • This requirement protects regional air quality, avoids adverse effects on other sensitive locations, and prevents the possibility of duplication of VALE program funding for the same vehicles or equipment at other airports.

  • Prior to the Effective Date, the Executive shall be required to elect the manner in which the vested amount of the Bank Contribution Account, if any, shall be distributed upon Separation from Service after the Executive becomes Installment Eligible.

  • Notwithstanding any provision in this Plan to the contrary, in the event that the Participant dies prior to complete distribution of his or her Accounts under the Plan, the Participant’s Beneficiary shall receive a death benefit equal to the Distributable Amount (or remaining Distributable Amount in the event installment payments have commenced) credited to the Participant’s Deferral Accounts and Bank Contribution Account in a lump sum on the Payment Date following the Participant’s death.

  • In the event the Executive does not timely elect the manner in which the Executive’s Bank Contribution Account is to be distributed, such Account shall be distributed in a lump sum.

  • A Participant’s interest in his Bank Contribution Account shall be fully vested and nonforfeitable on the date such Participant ceases to be an Employee if such termination of employment is caused by reason of (1) death, (2) disability, (3) normal retirement, or (4) termination of employment by request of the Bank other than pursuant to Subsection 7.3F.


More Definitions of Bank Contribution Account

Bank Contribution Account means the account maintained for each Participant which reflects the Participant’s share of Bank contributions made pursuant to Article 4.1 through 4.2 and increases or decreases in the value of the Trust Fund allocable thereto, as provided in Article 5.
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Bank Contribution Account means the Account maintained for the benefit of the Participant which is credited with Bank Contributions, if any, pursuant to Section 4.2.
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Related to Bank Contribution Account

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Voluntary Contribution Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan resulting from the Participant's nondeductible voluntary contributions made pursuant to Section 4.12.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1(a)(ii).

  • frozen account means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person;

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Investment Account As defined in Section 3.12(a).

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Excess Funding Account shall have the meaning specified in Section 4.02.

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Upper-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Upper-Tier REMIC.

  • Excess Interest Distribution Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.05(e) of this Agreement in trust for the Holders of the Excess Interest Certificates, which (subject to changes in the identities of the Certificate Administrator and/or the Trustee) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2019-C7, Commercial Mortgage Pass-Through Certificates, Series 2019-C7, Class S – Excess Interest Distribution Account.” Any such account shall be an Eligible Account. The Excess Interest Distribution Account shall be held solely for the benefit of the Holders of the Excess Interest Certificates. The Excess Interest Distribution Account shall not be an asset of any Trust REMIC, but rather shall be an asset of the Grantor Trust.

  • Principal Accumulation Account Balance means, for any date of determination, the principal amount, if any, on deposit in the Principal Accumulation Account on such date of determination.

  • 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.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.