Deferred Fee Accounts definition

Deferred Fee Accounts means a Director's Cash Deferred Fee Account and Stock Deferred Fee Account.
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Deferred Fee Accounts means a Director's Cash Account and Stock Account.
Sample 1
Deferred Fee Accounts means a Trustee’s Cash Deferred Fee Account and Stock Deferred Fee Account.
Sample 1

Examples of Deferred Fee Accounts in a sentence

  • With respect to the requested relief from rule 2a–7, any money market Fund that values its assets by the amortized cost method or the penny-rounding method will buy and hold Underlying Securities that determine the performance of Deferred Fee Accounts to achieve an exact match between such Fund’s liability to pay deferred fees and the assets that offset that liability.

  • The Agreement provides that the obligations of each Fund to make payments of the Deferred Fee Accounts will be general obligations of each such Fund and payments made pursuant to the Agreement will be made from such Fund’s general assets and property.

  • Any participating money market series of the Funds that values its assets using the amortized cost method or penny rounding method will buy and hold the Underlying Securities that determine the performance of the Deferred Fee Accounts in order to achieve an exact match between such series’ liability to pay deferred fees and the assets that offset such liability.

  • Any participating money market series of a Fund that values its assets in accordance with a method prescribed by rule 2a–7 will buy and hold the Underlying Securities that determine the performance of the Deferred Fee Accounts in order to achieve an exact match between such series’ liability to pay deferred fees and the assets that offset such liability.

  • Thus, in cases where the Funds purchase shares of the Underlying Securities, liabilities created by the credits to the Deferred Fee Accounts under the Agreement are expected to be matched by an equal amount of assets (i.e., a direct investment in the Underlying Securities), which assets would not be held by the Fund if fees were paid on a current basis.

  • Distribution of a Director’s Deferred Fee Accounts shall be made in one of the following forms specified by the Director in the Deferred Fee Agreement in the manner prescribed by the Committee: (x) a lump sum distribution, or (y) in up to 5 approximately equal, consecutive annual installments.

  • To the extent that a Director fails to elect the method of payment of his or her Deferred Fee Accounts, the Director’s Deferred Fee Accounts shall be distributed in a lump-sum as of the January 15th following the Director’s Separation from Service from the Company (subject to section 6.1 of this Deferred Fee Plan).

  • Thus, in cases where the Funds purchase shares of the Underlying Securities, liabilities created by the credits to the Deferred Fee Accounts under the Plan are expected to be matched by an equal amount of assets (i.e., a direct investment in Underlying Securities), which assets would not be held by the Fund if directors’ fees were paid on a current basis.

  • If a Director dies before distribution of the Director’s Deferred Fee Accounts has been made to him or her, any remaining amounts (including any remaining installments that otherwise would have been payable to the Director under Section 6.3), shall be distributed to the Director’s Beneficiary or Beneficiaries in a lump sum payment as soon as practicable after the Participant’s death.

  • A Director shall elect, in each Deferred Fee Agreement, the method of payment, under Article VI hereof pursuant to which the portion of the Director’s Deferred Fee Accounts resulting from such deferrals is to be distributed.


More Definitions of Deferred Fee Accounts

Deferred Fee Accounts means a Trustee’s Cash Account and Stock Account, and such sub-accounts within such accounts as are necessary for the proper administration of this Deferred Fee Plan.
Sample 1
Deferred Fee Accounts means a Director’s Cash Account and Stock Account.
Sample 1
Deferred Fee Accounts means a Director’s Cash Account and Stock Account, and such sub-accounts within such accounts as are necessary for the proper administration of the Deferred Fee Plan. Within a Director’s Deferred Fee Accounts, sub-accounts shall be maintained for amounts deferred for services performed on and before December 31, 2004 and for amounts deferred for services performed after December 31, 2004. Earnings shall be credited to the sub-accounts on which the amounts are earned.
Sample 1

Related to Deferred Fee Accounts

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

  • 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.

  • Separate Accounts means the accounts which are to be prepared for each

  • Special Accounts means the accounts referred to in Section 2.02 (b) of this Agreement;

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

  • Investment Accounts means the Collateral Account, Securities Accounts, Commodities Accounts and Deposit Accounts.

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

  • 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.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

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

  • 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.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • 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.

  • Interim Accounts means the unaudited consolidated quarterly financial statements of the Issuer for the quarterly period ending on each 31 March, 30 June, 30 September and 31 December in each year, prepared in accordance with GAAP.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Intercompany Account means any receivable, payable or loan between any member of the Ensign Group, on the one hand, and any member of the Pennant Group, on the other hand, that exists prior to the Effective Time and is reflected in the records of the relevant members of the Ensign Group and the Pennant Group, except for any such receivable, payable or loan that arises pursuant to this Agreement or any Ancillary Agreement.

  • Share Account means the brokerage account established by the Agent for each Participant to which shares of Common Stock purchased under the Plan are credited in accordance with Section 9. The Share Account will be established pursuant to a separate agreement between each Participant and the Agent.

  • Collection Accounts As defined in Section 3.10(a).

  • 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.

  • Unit Account means a notional account opened and managed by Us for You, in which the Units are allocated following the receipt of the Premium from You and in which the Units are cancelled by Us for the purpose of paying the benefits or for recovering the applicable charges;

  • Intercompany Accounts has the meaning set forth in Section 2.03(a).

  • Subaccounts is defined in Section 8.02(a) of the Indenture.