Basic Deposits definition

Basic Deposits means that amount, not less than 1%, nor more than 7%, except that Participants who are Employees of CEA Newark Bay Services, Inc. shall be entitled to elect maximum Basic Deposits of 8%, of a Participant's Compensation, contributed to the Plan through payroll deduction by or on behalf of a Participant which is entitled to be matched by Employer Contributions.
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Basic Deposits means that amount, not less than 1%, nor more than 8% (or such lower maximum percentage as may be established by the Committee) of a Participant's Compensation, contributed to the Plan through payroll deduction by or on behalf of a Participant which is entitled to be matched by Employer Contributions.
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Basic Deposits means that amount, not less than 1%, nor more than 8% of a Participant's Compensation, contributed to the Plan through payroll deduction by or on behalf of a Participant which is entitled to be matched by Employer Contributions.
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Examples of Basic Deposits in a sentence

  • Basic Deposits and Supplemental Deposits by or on behalf of Active Participants shall be made by means of payroll deduction.

  • The amount, if any, of previously allocated Employer Contributions in excess of the percentage of Employer Contributions (as set forth in Article V) of the Participant's remaining Basic Deposits shall be forfeited and applied to reduce future Employer Contributions to the Plan.

  • Subject to Section 5.2 with respect to Employer Contributions related to Basic Deposits in excess of 6% of Compensation, Employer Contributions shall be invested by the Trustee for the Account of an Active Participant in the same Funds and in the same percentages as directed by such Participant with respect to the Basic Deposits to his or her Thrift Account.

  • Employer Contributions with respect to Basic Deposits in excess of 5% of Compensation for Participants who are employed by an Employer other than CEA Newark Bay Services, Inc.

  • Employer Contributions with respect to Basic Deposits in excess of 6% of Compensation for Participants who are employed by CEA Newark Bay Services, Inc.

  • Employer Contributions with respect to Basic Deposits in excess of 6% of Compensation shall be made in shares of Enterprise Common Stock.

  • Notwithstanding any provision in this Plan to the contrary, effective December 12, 1994, a Participant who is or was engaged in "qualified military service," as that term is defined in Code section 414(u), shall be permitted to make additional Basic Deposits, Supplemental Deposits, and Additional Lump Sum Deposits in accordance with this Article IV and in an amount as determined under Code section 414(u).

  • Notwithstanding any provision in this Plan to the contrary, effective December 12, 1994, a Participant who is or was engaged in "qualified military service," as that term is defined in Code section 414(u), shall be permitted to make additional Basic Deposits, Supplemental Deposits, and Additional Lump Sum Deposits in accordance with this Article 4 and in an amount as determined under Code section 414(u).

  • Employer Contributions with respect to Basic Deposits in excess of 6% of Compensation shall be made in shares of Company Common Stock.

  • Each Employer shall contribute to the Plan on behalf of Participants who are Eligible Employees, who are its Employees and who are making or having their Employer make on their behalf Basic Deposits to the Plan an amount equal to 50% of the aggregate of such Basic Deposits, except to the extent that such Basic Deposits are reduced or distributed as provided in Sections 4.5 through 4.9, and except as provided in this Article V and in Section 11.3. Employer Contributions shall be allocated as Nondeferred.


More Definitions of Basic Deposits

Basic Deposits means all deposits:
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Basic Deposits means the amounts designated by a
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Basic Deposits means all deposits made by a Participant to his Employee Account other than as provided in Article X.C.1.b., not in excess of the following percentages of the Participant's Compensation at the time of such deposit:
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Basic Deposits means the payroll deduction contributions (or contributions paid by an alternate means if required under local law and authorized by P&G and/or the Participating Company) made to the Plan by a Member that the Participating Company will Match.
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Related to Basic Deposits

  • Time Deposits means time deposits, certificates of deposit or similar arrangements with any bank or trust company, including the Trustee or an affiliate thereof, which is a member of the Federal Deposit Insurance Corporation.

  • Class B Servicing Fee shall have the meaning specified in Section 3.01.

  • Reserve Accounts means the Tax and Insurance Reserve Account, the Leasing Reserve Account or any other escrow account established by the Loan Documents.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Deposits means all deposits (as defined in 12 U.S.C. § 1813(l)) that are held by any Seller or any of its Affiliates in connection with the Business, in each case, in the name or for the benefit of any clients or customers under the Appointments solely in their capacity as clients or customers of the Business and including any such deposits received by any Seller from and after the date hereof through the close of business on the Closing Date.

  • Class A Servicing Fee shall have the meaning specified in Section 3.01.

  • Special Deposits have the meanings given to them from time to time under or pursuant to the Bank of England Act 1998 or (as may be appropriate) by the Bank of England;

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Interest Account means the Account within the Debt Service Fund so designated and established by Article V hereof.

  • Interest Reserve Account means that Interest Reserve Account maintained by the Master Servicer pursuant to Section 5.1(a), which account shall be an Eligible Account.

  • Reserve Account Deposit Amount means, with respect to any Distribution Date, the lesser of (x) the excess of (i) the Specified Reserve Balance over (ii) the amount on deposit in the Reserve Account on such Distribution Date, after taking into account the amount of any Reserve Account Withdrawal Amount on such Distribution Date and (y) the amount remaining in the Collection Account after taking into account the distributions therefrom described in clauses (i) through (xviii) of Section 5.7(a).

  • Reserve Account Deposit Cash or Eligible Investments having a value of at least $2,635,875.59.

  • 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.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Replacement Reserve Account shall have the meaning set forth in Section 7.3.1 hereof.

  • Liquidity Reserve Account shall have the meaning set forth in Section 8.2(A)(iii).

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • Imposition Deposits are defined in Section 7(a).

  • Reserve Account Property shall have the meaning specified in Section 4.7(a) of the Sale and Servicing Agreement.

  • Reserve Fund Initial Deposit means the initial deposit of cash in the amount of $3,846,153.85 made by or on behalf of the Seller into the Reserve Fund on the Closing Date.

  • Special Servicing Fee shall have the meaning given to such term in the Servicing Agreement.

  • Capitalized Interest Account Initial Deposit means $1,733,333.78 deposited on the Closing Date.

  • Collateral Deposit Account shall have the meaning set forth in Section 7.1(a).

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Security Deposits means all Tenant security deposits in the form of cash and letters of credit, if any, held by Seller, as landlord (together with any interest which has accrued thereon, but only to the extent such interest has accrued for the account of the Tenant).

  • Custodial P&I Account The Custodial P&I Account, as defined in each of the Servicing Agreements, with respect to the Mortgage Loans. In determining whether the Custodial P&I Account under any Servicing Agreement is "acceptable" to the Master Servicer (as may be required by the definition of "Eligible Account" contained in the Servicing Agreements), the Master Servicer shall require that any such account shall be acceptable to each of the Rating Agencies. Custodian: Initially, the Trustee, and thereafter the Custodian, if any, hereafter appointed by the Trustee pursuant to Section 8.13, or its successor in interest under the Custodial Agreement. The Custodian may (but need not) be the Trustee or any Person directly or indirectly controlling or controlled by or under common control of the Trustee. Neither a Servicer, nor the Seller nor the Master Servicer nor any Person directly or indirectly controlling or controlled by or under common control with any such Person may be appointed Custodian.