Compensation Account means the account established under the Plan to which the Participant's Deferred Compensation is credited, including the Cash Account, Stock Account, and such other investment accounts as the Committee may establish from time to time.
Compensation Account means the account and any of its subaccounts established under the Plan to which the Participant's Deferred Compensation is credited and which has a specific distribution schedule that was specified by a Participant as provided in this Plan and was permitted by Corporate Human Resources.
Compensation Account means the account established under the Plan to which a Non-employee Director’s compensation is credited, including the Cash Account, Stock Account, and such other investment accounts as the Committee may establish from time to time pursuant to Section 6(d).
Examples of Compensation Account in a sentence
At the end of the State's fiscal year, the State shall calculate the percentage of its total unemployment compensation expenditures for (1) funds withdrawn from the State account in the UTF, or the State %, and (2) funds withdrawn from the Federal Employees Compensation Account (FECA) and the Extended Unemployment Compensation Account (EUCA) and any other accounts of Federal funds in the UTF, or the Federal %.
The amount credited to the Deferred Compensation Account shall be adjusted pursuant to the provisions of Section 8.3.
The Deferred Compensation Account of a Participant shall be credited with an investment return determined as if the account were invested in one or more investment funds made available by the Committee.
The Participant shall elect the investment funds in which his Deferred Compensation Account shall be deemed to be invested.
If designated by the Employer in the Adoption Agreement, the Employer shall cause the Committee to credit to the Deferred Compensation Account of each Active Participant an Employer Credit as determined in accordance with the Adoption Agreement.
More Definitions of Compensation Account
Compensation Account means the account to be opened and maintained pursuant to clause 14 of the Intercreditor Agreement;
Compensation Account means the account to which the Participant's Deferred Compensation is credited.
Compensation Account means the accounts established under the Plan to which a Non-employee Director’s compensation is credited, including the Cash Account, Stock Account,
Compensation Account means the bank account opened in the name of the Issuer with the
Compensation Account. (the "Account") and shall be an unfunded, unsecured liability of the Company to be satisfied from its general corporate funds. The Company agrees to credit the Account semiannually on June 30 and December 31 of each year with interest at a rate equal to the rate announced from time to time by Xxxxxx Guaranty Trust Company of New York as its prime rate.
Compensation Account. (the "Account") for the Employee, and shall credit thereto Deferred Compensation determined as hereinafter provided. (Southwest at its election may fund the payment of Deferred Compensation by setting aside and investing such funds as Southwest may from time to time determine. Neither the establishment of the Account, the crediting of Deferred Compensation thereto, nor the setting aside of any funds shall be deemed to create a trust. Legal and equitable title to any funds set aside shall remain in Southwest, and the Employee shall have no security or other interest in such funds. Any funds so set aside or invested shall remain subject to the claims of the creditors of Southwest, present and future.) For each full or partial calendar year as the Employee shall remain in the employment of Southwest under this Agreement, Deferred Compensation shall accumulate in an amount equal to any contributions (including forfeitures but excluding any elective deferrals actually returned to the Employee) which would otherwise have been made by Southwest on behalf of the Employee to the Southwest Airlines Co. Money Purchase Plan but which exceed maximum annual additions under such Plan on his behalf under federal tax law. If such employment shall terminate prior to December 31 in any calendar year, then Deferred Compensation shall accumulate and be calculated as provided under the terms of Southwest's Money Purchase Plan. The Deferred Compensation credited to the Account (including the Interest hereinafter provided) shall be paid to the Employee (or to the executors or administrators of his estate) at the rate of $100,000 per calendar year (subject to such payroll and withholding deductions as may be required by law), commencing with the calendar year following the year in which (i) the Employee shall become sixty-five (65) or (ii) the Employee's employment with Southwest shall terminate (whether such termination is under this Agreement or otherwise and whether it is before, on or after the expiration of the initial term set forth in Paragraph III-A above, and irrespective of the cause thereof), whichever shall occur later, and continuing until the entire amount of Deferred Compensation and Interest credited to the Account shall have been paid. Although the total amount of Deferred Compensation ultimately payable to the Employee hereunder shall be computed in accordance with the provisions set forth above, there shall be accrued and credited to the Account, beginning on Ja...
Compensation Account. Means the account established with the Lender to be used to receive all insurance payments and/or any other compensation due to the Borrower.