Deferral Balance definition

Deferral Balance means, as of any given date during the Plan Year, the total amount of money deducted from a Participant's salary during the Plan Year.
Sample 1Sample 2
Deferral Balance has the meaning given in Section 7.2(a)(ii).
Sample 1
Deferral Balance means the sum of the unpaid Deferral in addition to the Purchase Price.
Sample 1

Examples of Deferral Balance in a sentence

  • The Plan Administrator shall establish and maintain a record of each Participant's Deferral Balance.

  • Any Participant who ceases to be an Eligible Employee for any reason shall be paid a sum of money equivalent to his Deferral Balance at the time his eligibility ceases, without interest, and shall not be entitled to receive an allocation of Stock relating to such returned salary deductions.

  • In the event of a dissolution, liquidation or merger of the Company or the Plan Sponsor in which the Company or the Plan Sponsor is not the surviving entity, this Plan shall terminate and each Participant shall receive cash equal to his Deferral Balance, without interest, and shall not be entitled to receive any subsequent allocations of Stock under the Plan.

  • Each Participant's Deferral Balance shall be increased each pay period by the amount of his salary deduction for such pay period.

  • Upon such cancellation such Participant shall be paid a sum of money equal to his Deferral Balance at the time of the cancellation, without interest, and such Participant shall not be entitled to receive an allocation of Stock on the Transfer Date.

  • Subject to Section 3.2, each Eligible Employee who is a Participant in the Plan as of the Closing Date shall have credited to his Stock Account on the Transfer Date, a number of Shares of Stock, equal to such Participant's Ending Deferral Balance divided by the Exercise Price.

  • In the event of the death of a Participant, a sum of money equivalent to such Participant's Deferral Balance at the time of his death, without interest, shall be paid to said Participant's estate and/or personal representative, and such Participant's estate and/or personal representative shall not receive any further grants of stock under the Plan.

  • Subject to Section 3.2, upon the allocation of Stock to each Participant's Stock Account, such Participant's Deferral Balance shall be reduced by the amount used to purchase the Shares of Stock as set forth in Section 4.1.

  • Each Participant's Deferral Balance shall be increased each pay period by the dollar amount of his salary deduction during such pay period.

  • Itemized list(excluding 1-6, above) of each Deferral Balance to be used as a potential offset to Strandable Costs at the end of this Agreement.


More Definitions of Deferral Balance

Deferral Balance means, as of any given date during the Plan Year, the total amount of money deducted from a Participant's Compensation during the Plan Year, less the amount previously used to purchase Shares of Stock hereunder.
Sample 1

Related to Deferral Balance

  • Account Balance means, with respect to a Participant, an entry on the records of the Employer equal to the sum of (i) the Deferral Account balance, (ii) the Company Contribution Account balance, and (iii) the Company Restoration Matching Account balance. The Account Balance shall be a bookkeeping entry only and shall be utilized solely as a device for the measurement and determination of the amounts to be paid to a Participant, or his or her designated Beneficiary, pursuant to this Plan.

  • Class Balance With respect to any Class of Certificates, at any time, the aggregate of the Certificate Balances of all Outstanding Certificates of such Class.

  • Accrual Balance means the liability that should be accrued by the Bank, under Generally Accepted Accounting Principles (“GAAP”), for the Bank’s obligation to the Executive under this Agreement, by applying Accounting Principles Board Opinion Number 12 as amended by Statement of Financial Accounting Standards Number 106 and the Discount Rate. Any one of a variety of amortization methods may be used to determine the Accrual Balance. However, once chosen, the method must be consistently applied.

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

  • Annual Deferral Amount means that portion of a Participant's Base Annual Salary and Annual Bonus that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant's Retirement, Disability (if deferrals cease in accordance with Section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

  • Legal Balance means the amount of indebtedness legally owed by an Obligor with respect to a Loan, including principal and accrued and unpaid interest, late fees, attorneys' fees and expenses, taxes, insurance premiums, and similar charges, if any.

  • Loan Group Balance As to each Loan Group, the aggregate of the Stated Principal Balances of the Mortgage Loans in such Loan Group that were Outstanding Mortgage Loans at the time of determination.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Fund balance is the value of the Accumulation Fund, determined pursuant to Section 1.4.

  • 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.

  • Deferral Contribution means any contribution made to the Plan by the Employer in accordance with the provisions of Section 5.03.

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • Deferral Year means each calendar year during which the Director makes, or is entitled to make, Compensation Deferrals under Section 3 hereof.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Deferral Amount means the sum of all of a Participant's Annual Deferral Amounts.

  • Plan Year means the calendar year.

  • Annual Balanced Budget means that, in each Funding Year of the term of this Agreement, the total revenues of the HSP are greater than or equal to the total expenses, from all sources, of the HSP;

  • Regular election means an election held on a regular election date to elect an individual to, or nominate an individual for, elective office in the regular course of the terms of that elective office.

  • Maximum Uncertificated Accrued Interest Deferral Amount With respect to any Distribution Date, the excess of (i) accrued interest at the Uncertificated REMIC II Pass-Through Rate applicable to REMIC II Regular Interest ZZ for such Distribution Date on a balance equal to the Uncertificated Principal Balance of REMIC II Regular Interest ZZ minus the REMIC II Overcollateralization Amount, in each case for such Distribution Date, over (ii) the aggregate amount of Uncertificated Accrued Interest for such Distribution Date on the REMIC II Regular Interests (other than REMIC II Regular Interests AA, ZZ and IO), with the rate on each such REMIC II Regular Interest (other than REMIC II Regular Interests B-1, B-2, B-3 and B-4) subject to a cap equal to the least of (x) the One-Month LIBOR Pass Through Rate for the Corresponding Certificate, (y) 11.00% per annum and (z) the Net WAC Cap Rate for the REMIC III Regular Interest the ownership of which is represented by the Corresponding Certificate for the purpose of this calculation for such Distribution Date, and with the rate on each of the REMIC II Regular Interests B-1, B-2, B-3 and B-4 subject to a cap equal to the lesser of (i) the per annum fixed rate specified in the definition of “Pass-Through Rate” for the Corresponding Certificate, and (ii) the related Net WAC Cap Rate for the REMIC III Regular Interest the ownership of which is represented by the Corresponding Certificate for the purpose of this calculation for such Distribution Date; provided, however, that solely for this purpose, the related cap with respect to each REMIC II Regular Interest (other than REMIC II Regular Interests AA, ZZ, B-1, B-2, B-3, B-4 and IO) shall be multiplied by a fraction, the numerator of which is 30 and the denominator of which is the actual number of days in the related Accrual Period. MERS: Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto.

  • Matching Contribution means Employer contributions made to this Plan or any other defined contribution plan by reason of Thrift Contributions or Elective Deferrals under this Plan.

  • 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.

  • Regular contributions means the amounts required to be

  • Participant’s Account means an account maintained for each Participant’s participation in DSUs and/or RSUs under the Plan;