Deferred Benefit Account means the account maintained on the books of the Bank for each Participant pursuant to Article IV. A 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. A Participant’s Deferred Benefit Account shall not constitute or be treated as a trust fund of any kind.
Deferred Benefit Account means the cumulative total dollar amount that a Participant elects to defer in the Agreement, including gains and losses pursuant to Section 3 as maintained on the books of the Company for a Participant under this Plan. A Participant's Deferred Benefit Account shall not constitute or be treated as a trust fund of any kind.
Deferred Benefit Account means the individual account maintained under the Plan for a Participant as determined under ARTICLE VI.
Examples of Deferred Benefit Account in a sentence
A Participant's Deferred Benefit Account shall not constitute or be treated as a trust fund of any kind.
The amount credited to a Participant's Deferred Benefit Account shall equal the amount deferred.
Determination Date" means the date on which the amount of a Participant's Deferred Benefit Account is determined as provided in Article VI hereof.
The Board may at any time amend the Plan in whole or in part; provided, however, that no amendment shall be effective to decrease or restrict any Deferred Benefit Account at the time of such amendment.
Deferred Benefit Account" means the accounts maintained on the books of account of the Company for each Participant pursuant to Article VI.
More Definitions of Deferred Benefit Account
Deferred Benefit Account means the account(s) maintained on the books of the Company for a Participant under this Plan. A separate Deferred Benefit Account shall be maintained for each Participant. A Participant's Deferred Benefit Account shall not constitute or be treated as a trust fund of any kind.
Deferred Benefit Account means the accounts established and maintained on the books of account of the Company for each Participant pursuant to Article VI.
Deferred Benefit Account means an amount determined in accordance with this Section 2.2. The Employee's Deferred Benefit Account at any time is an amount equal to the current cash surrender value of the Policy (assuming all scheduled premiums have been paid in full through the date of the Executive's termination of employment and no amounts whatsoever have been surrendered or borrowed against the Policy that would otherwise encumber the Policy in any manner). Furthermore, the Deferred Benefit Account shall be computed as if all policy dividends, if any, had been applied to purchase additional paid-up insurance. See Exhibit One for the illustration and projections for calculating the cash surrender value.
Deferred Benefit Account means the accounts maintained on the books of the Bank pursuant to Article IV. A separate Deferred Benefit Account shall be maintained for each Participant to be utilized solely as a device for the measurement and determination of the amounts to be paid to the Participants pursuant to the Plan and shall be subject to Article VI hereof. A Participant’s Deferred Benefit Account shall not constitute or be treated as a trust fund of any kind. That portion, if any, of a Participant’s Deferred Benefit Account that is attributable to deferred Director Fees that were earned prior to January 1, 2005, including both the deferred fees and the investment gains or losses assigned thereto, shall be referred to herein as the Participant’s Deferred Benefit Subaccount A, and the balance of a Participant’s Deferred Benefit Account that is attributable to deferred Director Fees that were earned on or after January 1, 2005, including both the deferred fees and the investment gains or losses assigned thereto, shall be referred to herein as the Participant’s Deferred Benefit Subaccount B.
Deferred Benefit Account means a deferred benefit account established for a Participant under the Directors' Deferred Fee Plan before July 1, 1996.
Deferred Benefit Account means the account(s) maintained on the books of the Company for each Participant pursuant to Article III and shall consist of a Regular Deferral Sub-Account and a Stock Deferral Sub-Account. A Participant's Deferred Benefit Account shall not constitute or be treated as a trust fund of any kind.
Deferred Benefit Account means a bookkeeping account that is credited with a Participant’s Executive Deferral Contributions and, for Plan Years before January 1, 1999, Matching Contributions.