Benefit Account definition

Benefit Account means an account kept under regulation 66(1);

Benefit Account means the account(s) maintained on the books of the Company for each Participant pursuant to Section 5.01 hereof.

Benefit Account means the account(s) maintained on the books of the Bank for each Participant pursuant to Article III hereof. The Administrative Committee shall establish the subaccounts necessary to account for Stated Deferrals on a class year basis.

Examples of Benefit Account in a sentence

• On the Closing Date, the Issuer shall deposit the Borrower Benefit Account Initial Deposit, if any, into the Borrower Benefit Account.

• On each date when the Issuer receives a prepayment of such amounts, it shall deposit such amounts into the Borrower Benefit Account, and such amounts shall be included in Available Funds on the next Distribution Date to the extent there is a deficiency caused by a realized Borrower Benefit Yield Reduction for the related Collection Period.

• The annual Contributions (or Phantom Contributions) required to be made by the Bank to the Retirement Income Trust Fund (or recorded by the Bank in the Accrued Benefit Account) have been actuarially determined and are set forth in Exhibit A which is attached hereto and incorporated herein by reference.

• The Administrator will not instruct the Indenture Trustee to withdraw Investment Earnings, if any, on deposit in the Borrower Benefit Account until amounts are to be withdrawn from that account pursuant to Section 2.10(f) of this Administration Agreement.

• The Administrator will instruct the Indenture Trustee to (1) withdraw all Investment Earnings, if any, on deposit in each existing Trust Account (other than the Borrower Benefit Account) on each Distribution Date; (2) deposit such amounts into the Collection Account and (3) include such amounts as Available Funds for that Distribution Date.

More Definitions of Benefit Account

Benefit Account means the account maintained on the books of account of the Company for Participant with respect to Deferred Amounts. The Participant’s Deferred Benefit Account shall be utilized solely as a device for the measurement and determination of the amounts to be paid to the Participant pursuant to this Plan. Upon the Disability of the Participant, the amount then deposited in the Deferred Benefit Account, as opposed to the Deferral Benefit, shall be paid to the Participant pursuant to Section 1.3 hereof.

Benefit Account means the account maintained on the books of the Bank for each Participant pursuant to Article IV hereof.

Benefit Account means a separate account established and maintained by the Trustee under Rule AA7.2(a).

Benefit Account means any one or several of an HRA, FSA, QTFB or DCA, selected by the Employer to be provided to their employees.

Benefit Account means each of the individual accounts established pursuant to Section 4.3. A Benefit Account is maintained on the books of the Company in the name of each Participant to record contributions allocated to and Benefits paid on behalf of a Participant.

Benefit Account means the account established pursuant to Section 6.2(A).

Benefit Account means the account maintained on the books of the Company for each Participant pursuant to Section 6.01 hereof, as adjusted daily for applicable earnings and losses, if any.