Earnings Credit definition
Earnings Credit means for any given day during a calendar year the product of (a) the Federal Funds Rate for such date minus .25%, and (b) 82% of the Available Balance.
Earnings Credit has the meaning set forth in Section 3.1(b).
Earnings Credit means the gains and losses credited on the balance of an Account based on the choice made by the Participant (or Beneficiary after the death of the Participant) among the investment options made available under the Plan.
Examples of Earnings Credit in a sentence
On a quarterly basis, or more frequently as mutually agreed by the parties, the Company will compute the investment earnings credit on a VSA (the "VSA Earnings Credit"), as determined in accordance with Schedule 3.3. The VSA Earnings Credit, whether positive or negative, reflects the change in value of the Variable Separate Account Assets, net of cash flows between a VSA and the General Account, and shall be included as part of the calculation of the periodic payment as provided for in Section 5.2.
More Definitions of Earnings Credit
Earnings Credit means the amount credited to a Participant’s Account under Section 6(B).
Earnings Credit means, with respect to an Account, the amount credited to the Account pursuant to Section 5.05.
Earnings Credit means the gains credited on the balance of an Account pursuant to Section 4.3.
Earnings Credit means the gains credited on the balance of an Account in accordance with Section 4.3.
Earnings Credit means, with respect to a Plan Year Balance, the amount credited to the Plan Year Balance pursuant to Section
Earnings Credit means a credit to a Participant's Account pursuant to Section
Earnings Credit means the adjustment to a Participant’s Account under Section 4.2(B).