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 an account created by the division in accordance with the requirements of subsection (6) of this section.
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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.

  • 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.

  • With recommendations for the rapid response (next 6-9 months) and also for 2023 and beyond (sustainable response).

  • 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.

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

  • 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.

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

  • If the Participant does not make a payment election or selects the “Lump Sum Distribution Option” for the Flex Account, then the Participant will receive an amount equal to the credit balance of such Flex Account in the calendar year specified for such Flex Account.

  • If the Participant selects the “Installment Distribution Option” for the Flex Account, then the Participant shall receive annual payments, commencing in the calendar year specified for such Flex Account, for two (2) to fifteen (15) years (as selected by the Participant in the Participant’s Election Form).


More Definitions of Flex Account

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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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 2.2.

  • 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.

  • 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.

  • Suspense Account means the account established by the Trustee for maintaining contributions and forfeitures which have not yet been allocated to Participants.

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.