Interest Yield definition

Interest Yield means either the Retirement Interest Yield, Death Interest Yield or the Termination Interest Yield as defined below:

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Interest Yield means, with respect to any calendar month, 125% of the declared interest rate on Security Life Corp. III policies for the current calendar month as determined by Security Life of Denver (or any successor thereto), or, if such monthly rate is no longer published or no longer deemed appropriate by the Administrator, a substantially similar rate selected by the Administrator. Reference to Security Life of Denver or any other life insurance company does not in any way alter the provisions of Section 4.3.

Interest Yield means the interest rate equivalent to the FUND B interest rate of the Financial Institutions Thrift Plan. This interest rate shall be determined quarterly and is to be equal to the average Fund B interest rate calculated by the Financial Institutions Thrift Plan for the three preceding calendar months. (For example, the Interest Yield for the first quarter of a given year shall be equal to the average Fund B interest rate for January, February, and March of that year.)

Examples of Interest Yield in a sentence

• The Participant must make a one-time irrevocable election to have earnings on the portion of his or her Benefit Account attributable to deferrals prior to January 1, 2005 calculated based upon either (i) the Interest Yield or (ii) the investment return attributable to the deemed investments selected by the Participant based upon the benchmark funds provided by the Bank.

• For all purposes under the Operative Documents, all computations of Interest, Yield and other accrued amounts (including, without limitation, the Overdue Rate) shall be made on the basis of a 360-day year and the actual days elapsed, unless otherwise specifically provided herein.

• Furthermore, in the event the Plan is terminated by the Board of Directors, the Bank shall distribute to the Participant or a Participant’s Beneficiary, in the form of a lump sum payment within ninety (90) days from the date of the Board resolution to terminate the Plan, the Participant’s then total account balance from all sources, interest on such amounts calculated at the Interest Yield and accrued through the calendar day immediately preceding the date of the lump sum distribution.

• Distributions pursuant to Hardship shall include interest based upon the Interest Yield as described in Section 1.10.

• If the Participant does engage in a Competing Activity (as defined in Section 4.3(b)(iii) below) during the one year period following his/her Termination of Service, the value of his/her Account shall be determined as though at all times the interest to be credited pursuant to Section 3.9 hereof was and thereafter will be the Retirement Interest Yield reduced by three (3) percentage points.

• In the event of a Termination of Service due to Disability, which first manifests itself after the Plan Effective Date and prior to the commencement of Benefit Payments in Section 4.8, a disabled Participant may receive a benefit equal to the balance of his/her Deferred Benefit Account under Section 3.8 using the Retirement Interest Yield.

• Any prepayment made pursuant to this Section 2.05 shall be applied first to accrued interest on the principal amount being prepaid to the date of prepayment, and thereafter to the principal being prepaid and the Interest Yield Protection Amount.

• Interest Yield" shall mean an effective annual yield which, with respect to any calendar year, is a rate equal to the annual interest rate of the two year guaranteed investment contract index as published in the Wall Street Journal on the November 30 of that calendar year.

• Each Participant’s Account as of a Valuation Date shall consist of (i) the balance of the Participant’s Account as of the immediately preceding Valuation Date, plus (ii) the Participant’s Deposits made since the immediately preceding Valuation Date, less (iii) the amount of all distributions, if any, made from such Account since the preceding Valuation Date, plus (iv) interest credited on the balance of such Account on the immediately preceding Valuation Date at the Retirement Interest Yield.

• In such event, the applicable Death Interest Yield shall be utilized in determining the Deferred Benefit Account until all payments have been made to the Beneficiary of the deceased Participant.

More Definitions of Interest Yield

Interest Yield means, with respect to any calendar month, the annualized percentage equivalent of a fraction, the numerator of which is the aggregate amount of Collections of interest received by the Servicer in respect of the Dealer Receivables during such calendar month, and the denominator of which is equal to the aggregate Outstanding Balance of all Dealer Receivables as of the last day of the immediately preceding calendar month. DSO = The product of (i) 182, times (ii) a fraction, the numerator of which is equal to the aggregate Outstanding Balance of all Dealer Receivables as of the last day of the calendar month most recently ended on or prior to the date of determination, and the denominator of which is equal to the aggregate Outstanding Balance of all Dealer Receivables arising during the six calendar month period then most recently ended on or prior to such date.

Interest Yield means either the Normal Retirement Interest Yield, the Early Retirement Interest Yield, or the Death Interest Yield, as defined below: (a) "Normal Retirement Interest Yield" means a rate of interest equal to 120 percent of Prime. (b) "Early Retirement Interest Yield" means a rate of interest equal to 100 percent of Prime. This rate of interest shall be used only for crediting interest on amounts deferred in Deferral Years 1995 and 1996. (c) "Death Interest Yield" means a rate of interest equal to 120 percent of Prime. This rate of interest shall be fixed at the time of the Participant's death.

Interest Yield means, for calendar years ending prior to January 1, 2006, with respect to any calendar year, the five (5) year treasury note rate as published in the Wall Street Journal for the last business day of the previous calendar year plus five hundred (500) basis points. For calendar years commencing after December 31, 2005, "Interest Yield" shall mean, with respect to any calendar year, the five (5) year treasury note rate as published in the Wall Street Journal for the last business day of the previous calendar year; provided however, "Interest Yield," for calendar years commencing after December 31, 2005, shall not be lower than five percent (5%). Interest Yield shall be calculated on a 365 day basis.

Interest Yield means an effective annual yield which, with respect to any calendar year, is a rate equal to the annual interest rate of the two year guaranteed investment contract index as published in the Wall Street Journal on the November 30 of that calendar year. Company may, in its discretion and with notice to Employee no later than November 15 of such calendar year, base the Interest Yield instead on a rate that is consistent with annual interest rates used by Company in connection with Company's other non-qualified deferred compensation plans for other senior executives of Company.

Interest Yield means 100 percent of the average of the monthly Moody’s Long-Term Corporate Bond Yield for the preceding calendar quarter as determined from the Moody’s Bond Record published by Moody’s Investor’s Services, Inc. (or any successor thereto), with the maximum Interest Yield pursuant to this Plan not to exceed 12 percent.