Dividend Account definition

Dividend Account. The trust account or accounts created and maintained by the Master Servicer pursuant to Section 3.31 which shall be entitled "Dividend Account, Wells Fargo Bank Minnesota, N.A., as Xxxxtee, in trust for the registered holder of the First Franklin Mortgage Loan Trust 2001-FF1, Dividend Account Certificate" and which must be an Eligible Account.

Dividend Account means an interest-bearing account:

Dividend Account means the sub-account that is maintained for the purpose of receiving and holding cash dividends paid by the Plan Sponsor on Employer Securities held by the Plan until distributed or invested in Employer Securities. Upon investment in Employer Securities, the Dividend Account shall be deemed a part of and treated in the same manner as the Employer Securities Account for all Plan purposes, including diversification under Section 6.6, but excepting vesting under Section 11.1.

Examples of Dividend Account in a sentence

• No interest shall accrue on any amounts reflected in the Dividend Account.

• The Participant’s interest in the amounts reflected in the Dividend Account shall be that of a general, unsecured creditor of the Corporation.

• Pursuant to the provisions of Section 124(5) of the Companies Act, 2013, if the dividend transferred to the Unpaid Dividend Account of the Company remains unpaid or unclaimed for a period of seven years from the date of such transfer then such unclaimed or unpaid dividend shall be transferred by the company along with interest accrued, if any to the Investor Education and Protection Fund (‘the IEPF’), a fund established under sub-section (1) of section 125.

• If the Corporation pays a cash dividend on its common stock, the Participant shall accrue in his or her Dividend Account (as defined below) a cash dividend equivalent with respect to the Restricted Units credited to the Participant’s Unit Account as of the record date for the dividend, with each Restricted Unit being equivalent to one share of common stock.

• Members are requested to note that dividends not encashed or remaining unclaimed for a period of 7 (seven) years from the date of transfer to the Company’s Unpaid Dividend Account, shall be transferred to the Investor Education and Protection Fund (“IEPF”) established by the Central Government.

More Definitions of Dividend Account

Dividend Account means an account established and maintained by the Plan Administrator or Trustee to record a Participant’s share of any Dividends and any gains or losses of the Trust attributable thereto.

Dividend Account means any InvestLine Account or any deposit, securities or commodity account at or with any bank, other financial institution, securities intermediary or commodity intermediary, the sole content of which are permitted dividends, distributions or other payment to shareholders of CatchMark Timber that have been declared but not paid, together with any account or accounts replacing any of the same.

Dividend Account means the book entry account established and maintained for each Director to record the conversion of Dividend Equivalents into Deferred Stock Units in accordance with Section 5 of the Plan.

Dividend Account means the account established and maintained for each Member pursuant to Article V for the purpose of holding dividends paid by Danvers Bancorp, Inc. with respect to allocated shares of Stock held in the Trust. This Dividend Account shall be fully vested and nonforfeitable at all times.

Dividend Account means an account, operated by the Administrator, where dividend

Dividend Account means the Dividend Account of a Participant under the Prior Plan.

Dividend Account means the US dollars denominated, interest-bearing account opened or to be opened by each Obligor with the Lender and designated or identified as such (as the same may be re-designated, substituted or replaced from time to time).