Interest Crediting Rate definition
Interest Crediting Rate means, for a given Plan Year, a rate of interest equivalent to the average Moody’s Rate for such year plus two percentage points (2%).
Interest Crediting Rate means the interest rate declared by the Company which will be credited at least annually to a Participant's Deferred Compensation Accounts. For the first Plan Year, the interest rate shall be declared by the Company at the inception of the Plan and shall apply until the end of that year. Thereafter, the interest rate shall be declared by the Company by December 15th of each year for the following Plan Year. If it is not declared by that time, the rate for the following year shall be the prime rate of interest declared by the Frost National Bank of San Antonio plus two percent (2%), determined as of December 15th.
Interest Crediting Rate means, for any Plan Year, the annual interest crediting percentage for such Plan Year for Post-2010 Balances under the Avnet Pension Plan. (As of January 1, 2012, the Interest Crediting Rate is 4% per year.)
Examples of Interest Crediting Rate in a sentence
The declared rates will never be less than the Minimum Interest Crediting Rate shown on a Contract Data page.
For purposes of Section 7.9(e), the Interest Crediting Rate in effect in the Pension Account Plan during the period between Closing Date and Actual Transfer Date will be used for the adjustment.
The Minimum Interest Crediting Rate on the Interest-Rate Investment Option is 3%.
Transfers into the Fixed Rate Account from any of the other Allocation Options will not be eligible for an Additional Interest Crediting Rate amount.
The declared rates will never be less than the Minimum Interest Crediting Rate shown on the Contract Data page.
More Definitions of Interest Crediting Rate
Interest Crediting Rate means the interest rate determined and announced by the Committee at any time prior to the beginning of the Plan Year. The Committee will base the crediting rate upon an established index and shall document and communicate the index source prior to the beginning of the plan year.
Interest Crediting Rate means, for a given Plan Year, a rate of interest equivalent to the average Moody's Rate for such year plus two percentage points (2%) or, with respect to a Participant who is designated to receive a higher rate of interest by the Personnel Committee of the Board, such higher rate as determined by the Personnel Committee of the Board and communicated to such Participant."
Interest Crediting Rate means, for a given Plan Year, a rate of interest equivalent to the average Prior Plan Rate for such year.
Interest Crediting Rate means the Prime Rate reported in The Wall Street Journal at the beginning of the Plan Year. If the beginning of the Plan Year is a day in which The Wall Street Journal is not published, then the Prime Rate published for the date immediately prior to the beginning of the Plan Year shall be used.
Interest Crediting Rate means the fixed interest rate or floating market rate (e.g., 30-year treasury rate) approved by the Committee for purposes of allocating Interest Credits under Section 3.3.
Interest Crediting Rate means the rate at which a Participant's Prior Employer Benefit accumulates. For purposes of the Plan, an interest rate of 8.0% per year, up to the Participant's Vesting Date, shall be used.
Interest Crediting Rate means with respect to each month in a calendar quarter, the Interest Crediting Rate equals (1 + i)l/12 - 1, where i = the average yield on 30-year United States Treasury bonds as reflected in the United States Federal Reserve Statistical Release H-15 for the end of the third full business week of the month