Forfeiture Account. An account holding amounts forfeited by Participants who have terminated employment with all Related Companies, invested in interest bearing deposits of the Trustee, pending disposition as provided in this Plan and Trust and as directed by the Administrator.
Forfeiture Account means an account holding amounts forfeited by Participants.
Forfeiture Account means the account established pursuant to the provisions of Section 6.4.
Examples of Forfeiture Account in a sentence
The Employer Forfeiture Account reflects the pension assets contributed by the employer but forfeited from member accounts due to termination prior to reaching 5 years of service.
Amount payable from the Federal Asset Forfeiture Account, Special Deposit Fund (Item 0820-001- 0942)...........................................
Amount payable from the Federal Asset Forfeiture Account, Special Deposit Fund (Item 0820-001- 0942).............................................
The Special Crime and Forfeiture Account is established in the General Fund of the State Treasury.
Twenty-five percent of the next $200,000 shall be deposited in the Criminal Justice Revolving Account and the balance in the Special Crime and Forfeiture Account.
More Definitions of Forfeiture Account
Forfeiture Account means the ORP Forfeiture Account held in trust by the Plan Trustees, including account balances returned to the Plan through “Deemed Cash-Out” or other forfeiture events.
Forfeiture Account means the account maintained by the Administrator to which forfeited amounts under the Plan shall be credited.
Forfeiture Account means an unallocated account maintained by Equitable under this Contract in the Guaranteed Interest Division and in conjunction with the operation of Section 2.12. Amounts arising from reductions in Retirement Account Value pursuant to Section 2.12 will be allocated to the Forfeiture Account, pending disposition of such amounts (and interest thereon) as determined by the Employer or the Employer Plan Trustee.
Forfeiture Account means a special Plan account maintained by the Plan Sponsor for the purposes of holding Forfeiture amounts until reallocated as specified in the Adoption Agreement.
Forfeiture Account means an account established to receive forfeitures after January 1, 1990 in accordance with Section 15.05 and will operate in accordance with Section 17.05.
Forfeiture Account means an account established to receive forfeitures in accordance with Articles 12.1.6 and 12.2.5.
Forfeiture Account means the notational bookkeeping account into which all Forfeitures are placed pending allocation (or other use) pursuant to Section 3.13(b).