Flex Account definition

Flex Account means, with respect to a Participant, a Sub-Account which is payable pursuant to Section 7(c) hereof.
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Flex Account means a Participant’s interest in the Plan attributable to Flex Contributions made to the BNI Plan as of December 31, 1996.
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Flex Account means, with respect to a Participant, a sub-account that is separately accounted for and which represents the portion of the Account that is payable at a specific time and in a specific form in accordance the Participant’s election and Section 7 hereof. Each Flex Account may sub-divided into additional sub-accounts in the Plan Administrator’s discretion to account for separate items of Eligible Compensation that have been deferred.
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Examples of Flex Account in a sentence

  • Flex Account means a Separation Account or Specified Date Account established under the terms of a Participant’s Compensation Deferral Agreement.

  • For employees enrolled in the high-deductible Summit Star Plan, the City will also contribute a total of $750 into a qualified health savings account (HSA) or a Medical Flex Account for those enrolled for single coverage and $1,500 for those enrolled for double or family coverage.

  • A refund of an outstanding ACCESS Flex Account balance may be requested upon separation from Santa Xxxxx University for a $25 processing fee.

  • An ACCESS Flex Account left inactive in excess of 24 months will be closed with any remaining balance transferred to Santa Xxxxx University to begin the escheatment process prior to turning the funds over to the state of California Controller’s Office.

  • The City and Tacoma Joint Labor Committee will establish a budget amount to fund activities associated with its Wellness Program using the Health Care Flex Account.

  • SCU agrees to accept and maintain deposits in a Flex Account for your benefit and exclusively for the purpose described herein.

  • If a Flex Account is payable because of a Participant’s Separation from Service but no payment election is made, payment will be made (or commence) in the next following calendar year after the year of such Separation from Service.

  • By opening an ACCESS Flex Account you agree to be legally bound by all terms and conditions set forth herein.

  • You shall also be provided with a Health Savings Account or Health Flex Account funded by Epsilon.

  • If a Participant does not select a time and form of payment for a Flex Account, or if employer-provided deferrals are made hereunder and the time and form of payment is not specified by the Company or subsidiary, then the Flex Account shall be paid in a lump-sum within thirty-one (31) days following the Participant’s Separation from Service.


More Definitions of Flex Account

Flex Account means an account created by the division in accordance with the requirements of subsection (6) of this section.
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Related to Flex Account

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • frozen account means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person;

  • 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.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • JetBrains Account or “JBA” means an account at xxxxx://xxxxxxx.xxxxxxxxx.xxx created by Customer, having a unique name and password, and through which Customer has access to Products in accordance with a Toolbox Subscription.

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

  • 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.

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

  • 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.

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Billing Account is the checking account from which all Service fees will be automatically debited.

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

  • Settlement Account means an account established at a financial institution designated by Merchant as the account to be credited and debited by the Servicers for Transactions, Card Fees, Chargebacks and other amount assessed by a Card Association and passed- through to Merchant pursuant to the terms of this Agreement.

  • Holding Account means an account:

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

  • Disbursement Account means, in respect of each Tranche, the bank account set out in the most recent List of Authorised Signatories and Accounts.

  • 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.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Rollover Account means the account established hereunder to which amounts transferred from a qualified plan or individual retirement account in accordance with Section 4.6 are allocated.

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Business Account means an Account used primarily for business purposes and not for personal, family, or household purposes.

  • Lock-Box Account With respect to any Mortgaged Property, if applicable, any account created pursuant to any documents relating to a Mortgage Loan or Serviced Loan Combination to receive rental or other income generated by the Mortgaged Property. Any Lock-Box Account shall be beneficially owned for federal income tax purposes by the Person who is entitled to receive the reinvestment income or gain thereon in accordance with the terms and provisions of the related Mortgage Loan or Serviced Loan Combination and Section 3.07 of this Agreement, which Person shall be taxed on all reinvestment income or gain thereon.

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • Prefunding Account The separate Eligible Account created and maintained by the Trustee pursuant to Section 3.06(g) in the name of the Trustee for the benefit of the Certificateholders and designated “U.S. Bank National Association, in trust for registered holders of Home Equity Asset Trust 2004-2, Home Equity Pass-Through Certificates, Series 2004-2. Funds in the Prefunding Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement and shall not be a part of any REMIC created hereunder; provided, however, that any investment income earned from Permitted Investments made with funds in the Prefunding Account shall be for the account of the Depositor.