DC Account definition

DC Account means the account established pursuant to Section 4.01 of Part 2.
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DC Account means a deferred compensation account maintained under the Plan for a Participant in accordance with Article IV.
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DC Account means the value of the Member’s contributions and the University’s matching contributions, accumulated with annual investment returns;
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Examples of DC Account in a sentence

  • Your Employer will also contribute a minimum of 4.5%, so that contributions in total of 9% will be paid into your DC Account.

  • Subject to their position and purpose, visitors should be escorted.

  • All eligible compensation, as described in Section 4.2, that a Participant elects to defer in accordance with this Article IV shall be credited to that Participant’s DC Account in the manner set forth in this Article IV.

  • In the event of a Participant’s death, the value of the Participant’s DC Account shall be paid to the Participant’s Beneficiary as soon as possible, but no later than 60 days following the date of death.

  • In the event of separation due to death or a Director or a Change in Control, the value of the balance of Share Units in the Participant’s DC Account shall be calculated in the same manner as set forth above in this Section 6.3, except that the Valuation Date for such purposes shall be the date of death of the Director or the date of the Change in Control, as the case may be.

  • If the Participant has elected to receive payment of the Participant’s DC Account balance in the form of annual installments in accordance with Section 4.4, the amount of each such payment shall be computed as provided in this Section 6.2(b).

  • Upon a Participant’s separation of service as a Director of the Company, all Share Units in the Participant’s AC Account that have been earned for such year, as calculated pursuant to Section 6.4, shall be transferred to that Participant’s DC Account.

  • For further information, see the SafeGuard Enterprise User help, chapter System Tray icon and balloon tool tip (description of the user state field).

  • He found that some factors are related to learners most of whom were not confident and were shy to participate, ill-trained teachers, insufficient resources, and the Libyan education system which does not meet the goals of modern teaching methodologies.In the Afghani context, Noori (2018) investigated the challenges perceived by EFL lecturers when practicing CLT.

  • The amount of each subsequent payment shall be a fraction of the balance in the Participant’s DC Account as of December 31 of the year preceding each subsequent payment, the numerator of which is one and the denominator of which is the total number of installments elected minus the number of installments previously paid.


More Definitions of DC Account

DC Account means a deferred compensation account maintained under the Plan for a Participant in accordance with Article IV. “Effective Date” shall mean January 1, 2009.
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Related to DC Account

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

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

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

  • Sub-Account means any of the individual sub-accounts of a Participant's Separate Account that is maintained as provided in Article VIII.

  • 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.

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

  • 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.

  • 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.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

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

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

  • Share Account A form of Deposit Account that each member is required to maintain to remain a member of BECU. We, us, our: BECU. You, your: Each person or entity, individually, and collectively, who opens, establishes, accesses, is named as an Account Holder or Authorized Signer or who applies for any 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.

  • 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.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • In-Service Account means a separate account to be kept for each Participant that has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the rules and elections in effect under Section 8.

  • 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.

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

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

  • 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.

  • Individual Account Means the account established and maintained under this Plan for each Participant in accordance with Section 4.01.

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Subaccount means any subaccount designated and established hereunder.

  • Savings Account means an account, which is based on Mudarabah and its profit shall be calculated based on the profit earned on any balance maintained above the minimum threshold or average threshold (as may be agreed upon with the Bank).

  • 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 Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.