Fund Subaccount definition

Fund Subaccount means a subaccount established pursuant to Section 4.2 to account for amounts whose Investment Adjustment is determined to particular Fund.
Sample 1Sample 2Sample 3
Fund Subaccount at any date shall mean with respect to any Participant the amount which a Participant elects to defer and have credited to his Fund Subaccount in accordance with subsection 3.02(h) of this Plan, plus any amounts the Participant elects to transfer to this Subaccount from the Cash Subaccount or the Stock Subaccount in accordance with the provisions of Section 3.02(i), reduced by any amounts which are transferred from this Subaccount to the Cash Subaccount or the Stock Subaccount. The Participant shall designate his preference for the investment of the funds deferred by him under this Subaccount. Such designation shall be limited to the selection of one or more investment funds designated on the Participant's Deferral Election forms for the period in question. The Company and the Trustee, if a trust is funded, may elect to invest trust assets in such designated investment funds, but shall not be required to do so. In any event, the Participant's Fund Subaccount shall be credited with the hypothetical earnings, gains, losses, and changes in the fair market value of such Fund Subaccount for the time period that a Participant has amounts credited to the Fund Subaccount as if the Company had followed such investment designation (such amount being referred to herein as the "hypothetical earnings"). A bookkeeping entry shall be made of the amounts deferred or transferred to the Fund Subaccount, along with the hypothetical earnings on such amounts for each investment fund selected by the Participant.
Sample 1
Fund Subaccount means a subaccount established under a Participant’s Account that corresponds to a Fund elected by the Participant pursuant to Section 3.3 of the DCP.
Sample 1

Examples of Fund Subaccount in a sentence

  • However, a Scheduled Distribution may not be elected from a Fund Subaccount deemed to be invested in a Fund that includes an option for the Participant to elect to receive a distribution of an annuity contract.

  • All fractional shares in a Company Stock Fund Subaccount shall be paid in cash.

  • As of each Valuation Date, the Plan Administrator shall determine the value of a Participant's Mutual Fund Subaccount (as well as the earnings and/or losses thereof) by valuing the deemed investments in the Mutual Funds as if such subaccount actually were invested therein.

  • Amounts deposited in the Tax and Insurance Impound Fund pursuant to paragraph 6(a) of the Deed of Trust shall be allocated to the Tax and Insurances Impound Fund Sub-account.

  • For purposes hereof, each Account of a Participant as of any Valuation Date shall be equal to the total value such Participant's Stock Unit Subaccount, Interest Income Subaccount and Mutual Fund Subaccount.

  • The dollar-cost averaging program permits Owners to systematically transfer on a monthly basis a set dollar amount from a "source" account (either the Fixed Account, the AIM VI Government Securities Fund Subaccount, the Oppenheimer Bond Fund/VA Subaccount or the Fidelity VIP Money Market Subaccount) to any combination of Subaccounts and/or the Fixed Account.

  • For the sole purpose of tracking a Participant's investment elections and calculating deemed investment earnings attributable to a Participant's Account for a Plan Year pursuant to the terms of this Article IV, the Plan Administrator shall establish and maintain for such Participant for such Plan Year a Stock Unit Subaccount, an Interest Income Subaccount and a Mutual Fund Subaccount, as necessary, the total of which shall equal such Participant's Account for such Plan Year.

  • In turn, the COUNTRY VP Growth Fund Subaccount and the COUNTRY VP Bond Fund Subaccount (together the ‘‘Discontinued Subaccounts’’) that invest in Replaced Portfolio A and Replaced Portfolio B, respectively, also are no longer available for new investments (allocation of premium payments and transfers) as of April 29, 2011 (the ‘‘Closing Date’’) and will be discontinued altogether under the Contracts on a date no later than the Liquidation Date.

  • When providing SIB Financial Assistance to Sub-borrowers carrying out a Rural Infrastructure Project to be financed through the Rural Projects Fund Subaccount, the I-Bank hereby agrees that it shall comply with all terms and conditions that will be set forth in the applicable TIFIA Loan Agreement.

  • The I-Bank shall not implement a fee method based on a mark-up of the interest rate charged to a Sub-borrower receiving SIB Financial Assistance from the Rural Projects Fund Subaccount.


More Definitions of Fund Subaccount

Fund Subaccount at any date shall mean with respect to any Participant the amount which the Participant elects to defer and have credited to his Fund Subaccount in accordance with subsection 3.02(g) of this Plan, plus any amounts the Participant elects to
Sample 1
Fund Subaccount means a separate subaccount established pursuant to Section 4.1 and 4.2 of the Plan which corresponds to a Fund elected by the Participant for investment of a portion of an Account.
Sample 1

Related to Fund Subaccount

  • General Subaccount is defined in Section 8.02(a) of the Indenture.

  • Subaccount means any subaccount designated and established hereunder.

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

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Subaccounts is defined in Section 8.02(a) of the Indenture.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

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

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Excess Funds Subaccount is defined in Section 8.02(a) of the Indenture.

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • Capital Subaccount is defined in Section 8.02(a) of the Indenture.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • 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.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

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

  • 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.

  • Share Account A form of Deposit Account that each member is required to maintain to remain a member of BECU. We, us, our: BECU. You, your: Each person or entity, individually, and collectively, who opens, establishes, accesses, is named as an Account Holder or Authorized Signer or who applies for any Account.

  • Employer Account The Participant's Matching 401(k) Contributions Account, Matching Thrift Contributions Account, Employer Contributions Account, Qualified Matching Contributions Account and Qualified Nonelective Contributions Account, as the case may be.

  • Voluntary Contribution Account means the account established and maintained by the Administrator for each Participant with respect to his total interest in the Plan resulting from the Participant's nondeductible voluntary contributions made pursuant to Section 4.12.

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

  • 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.

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Regular account means the account established for each active and inactive member un-