Distribution Subaccount definition

Distribution Subaccount means a subaccount of a Non-Employee Director’s Option Dividend Equivalent Account established to separately account for Dividend Equivalents credited in the form of Stock Units with respect to each outstanding Option.
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Distribution Subaccount means any subaccount established and maintained under a Participant's Stock Unit Account to separately account for Stock Units which are subject to different distribution elections made by the Participant.
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Distribution Subaccount means a subaccount of a Non-Employee Director's Option Dividend Equivalent Account established to separately account for
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Examples of Distribution Subaccount in a sentence

  • The Dividend Equivalents attributable to each Option granted to a Participant shall be credited to a separate Distribution Subaccount established for such Participant.

  • The Trustee shall deposit the amounts received from the Deposit Collateral Agent in respect of such Liquidated Damages into the Special Distribution Subaccount in the Collection Account to be distributed on the next upcoming Payment Date as contemplated in Section 8.04(b) hereof.

  • On or before each Payment Date, the Indenture Trustee or the Paying Agent on behalf of the Indenture Trustee shall transfer the Noteholders’ Interest Distributable Amount and the Noteholders’ Principal Distribution Amount for such Payment Date from the Collection Account (or the Principal Distribution Subaccount) to the Note Distribution Account in accordance with Section 5.5(c) and (e) of the Sale and Servicing Agreement.

  • Stock Units credited to the Participant’s Distribution Subaccount with respect to an Option shall become payable to the Participant upon the earlier to occur of (1) the date of the Non-Employee Director’s termination of service as a director of the Company or (2) three years from the Grant Date.

  • The NDFCA balance is included in the rate component of the Interim Relief and Distribution Subaccount of the NCA.

  • Stock Units credited to the Participant's Distribution Subaccount with respect to an Option shall become payable to the Participant upon the earlier to occur of (1) the date of the Non-Employee Director's termination of service as a director of the Company or (2) three years from the Grant Date.

  • In the Transaction, FOTIC, as the Trust Company, opens the Issuer Account with the Issuer Account Bank in the name of FOTIC and opens the Distribution Sub-account, Cash Reserve Sub-account, the Commingling Reserve Sub-account and the Replenishment Sub-account under the Issuer Account.

  • If the event results in any rights of stockholders to receive cash (other than cash dividends and cash distributions), a corresponding amount of cash shall be credited to each Participant's Stock Unit Account (or, if applicable, the appropriate Distribution Subaccount of the Participant's Stock Unit Account) as of the date that cash is paid in respect of outstanding Shares.

  • Disposition of the balance in this subaccount will be through the Distribution Cost Subaccount of the Core Fixed Cost Account (CFCA) and the Distribution Subaccount of the Noncore Customer Class Charge Account (NCA).

  • Notwithstanding any distribution options elected by a Participant with respect to such Distribution Subaccount- s, distribution of the amounts so reallocated shall be made in accordance with the provisions of Article VI as in effect on or after January 1, 1997.


More Definitions of Distribution Subaccount

Distribution Subaccount means any subaccount established and maintained under a Participant's Stock Unit Account to separately account
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Distribution Subaccount means any subaccount established and
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Distribution Subaccount means any subaccount of a Participant's Stock Unit Account established to separately account for Stock Units which are subject to different distribution elections.
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Distribution Subaccount means any subaccount established and maintained under a Participant's Deferred Share Account to separately account for Deferred Shares which are subject to different distribution or manner of payment elections made by the Participant.
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Distribution Subaccount means a subaccount of an Eligible Director's Account established to separately account for deferred Compensation and Special Meeting Fees (and Dividend Equivalents or other earnings or losses thereon) that are subject to different distribution elections.
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Related to Distribution Subaccount

  • Distribution Account means the Bank Account (which may be a current, saving or deposit account) maintained by the Trustee with a Bank as directed by the Management Company in which the amount required for distribution of income to the Unit Holder(s) shall be transferred. Interest, income or profit, if any, including those accruing on unclaimed dividends, in this account shall be transferred to the main account of the Fund from time to time, as part of the Trust Property for the benefit of the Unit Holder(s).

  • Distribution box means a watertight component that receives effluent from a septic tank or other treatment unit and distributes effluent via gravity in approximately equal portions to two or more distribution laterals in the soil treatment area.

  • Companion Distribution Account shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.

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