Discretionary Credits definition

Discretionary Credits means amounts credited to the Account of a Member, at the Corporation’s sole discretion, pursuant to Section 4.04 and subject to Section 12.06(e). Discretionary Credits are credited at the sole discretion of the Corporation and the fact that a Discretionary Credit is credited in one year shall not obligate the Corporation to make such a Discretionary Credit in subsequent years.

Discretionary Credits means the Discretionary Credits allocated to a Participant’s Discretionary Credit Account in accordance with Section 3.5 (Discretionary Credits).

Discretionary Credits means the Company Contributions described in Section 5.4.

Examples of Discretionary Credits in a sentence

• All Discretionary Credits will be distributed in the form of a single lump sum as of the time determined under Section 6.2.2(b).

• A Participant will be vested in any Discretionary Credits (and related Earnings Credits) as provided by the Plan Administrator when such amounts are credited to the Participant’s Account.

• Any special provisions relating to Discretionary Credits made on behalf of a Participating Employer’s Employees will be set forth on an exhibit to the Plan Statement.

• A Participant shall become vested in any Company Discretionary Credits pursuant to the vesting schedule established by the Company at the time such Credits, if any, are made.

• For any Taxable Year in which Compensation Deferrals, Matching Credits and/or Discretionary Credits are made to or vested within the Plan (as applicable), the Plan Sponsor shall withhold the Participant’s share of income, FICA and other employment taxes from the portion of the Participant’s Compensation not deferred.

More Definitions of Discretionary Credits

Discretionary Credits means the amounts credited to a Participant's

Discretionary Credits means the credits described in Section 6D of Schedule D (Charges).

Discretionary Credits means amounts credited to a Participant’s Discretionary Credit Account pursuant to Article IV (Discretionary Company Credits).

Discretionary Credits means the amounts, if any, allocated to a Participant pursuant to Section 3.9.

Discretionary Credits means the amounts credited to a Participant's Account pursuant to Section 5.5.

Discretionary Credits means discretionary credits granted to End-Users to encourage good customer relations.

Discretionary Credits means the credits described in Section 6D of S chedule D (Charges).