Fund Benefit definition

Fund Benefit means a situation where a Fund has either paid insufficient redemption proceeds as a result of an understatement of NAV or received excessive subscription proceeds as a result of an overstatement of NAV. When such a Fund Benefit occurs, the individual Unitholders effecting transactions suffer a corresponding loss (a “Unitholder Loss”).
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Fund Benefit means a situation where a Fund has either paid insufficient redemption proceeds as a result of an understatement of NAV or received excessive subscription proceeds as a result of an overstatement of NAV. When such a Fund Benefit occurs, the individual Shareholders effecting transactions suffer a corresponding loss (a “Shareholder Loss”).The term “responsible person” means a person who, by virtue of negligence, fraud, or willful misconduct, caused or contributed to an NAV Error.
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Fund Benefit or "Benefit" means a Benefit payable under these Rules.
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Examples of Fund Benefit in a sentence

  • If the Fund had a Net Fund Benefit Amount, no action needs to be taken; however, such Net Fund Benefit Amount should not be carried forward to any analyses performed in the future for other NAV Errors that may arise.

  • Medical Fund Benefit is payable for all Employees working in the bargaining unit.

  • Employers are still required to remit Vacation Pay and the Medical Fund Benefit fringe as described in Article 17 negotiated in the signed Collective Agreement.

  • The Company shall pay the Union an amount equal to five and one-half percent (5 ½ %) of each Employee’s total gross earnings as Medical Fund Benefit.

  • Certificate of Entitlement (COE) is a Government Subsidized Fund Benefit, for those whom are deemed eligible residents of Bermuda once they have turned the age of 65 years.

  • All contributions made to the Union Administration Fund; Benefit Plan Fund; Xxxxxxxxx 1588 Consolidated Fund; Industry Improvement Fund; Pension Fund and the Training Fund shall be per hour paid, on/or before the fifteenth (15th) day of the month following.

  • This Article contains the entire agreement between the parties regarding the Company's obligations to contribute to the IAM National Pension Fund, Benefit Plan B, and no oral or written modification of this Agreement shall be binding upon the Trustees of the IAM National Pension Fund.

  • The Company is still required to remit Vacation Pay and the Medical Fund Benefit fringe as described in Article 17 negotiated in the signed Collective Agreement.

  • Except as otherwise described in this Certificate, a Covered Fund Benefit Base cannot be transferred to another Covered Fund.

  • Unless as otherwise described in this Contract, a Covered Fund Benefit Base cannot be transferred to another Covered Fund.


More Definitions of Fund Benefit

Fund Benefit means the CAPITAL, less :
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Fund Benefit means the CAPITAL, less :
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Related to Fund Benefit

  • SERP Benefit means the benefit described in Section 5.1.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.