IRA Account definition

IRA Account means Individual Retirement Account.

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IRA Account means an account in which are held individual retirement account ("IRA") contributions by former participants in a plan which has been merged into the Plan, and the investment results thereof.

IRA Account means the account established under the Contract for the Owner in accordance with Section 408(b) of the Code.

Examples of IRA Account in a sentence

• Public Investing processes and treats all Match Amounts as interest earned by the applicable Public IRA Account for tax reporting purposes.

• An IRA Account is owned pursuant to designations in the IRA documents.

• If a Customer has received a Match Amount for an Eligible Deposit, then any removal of funds or securities from the Customer’s Public IRA Account during the Match Amount’s Holding Period will result in a non-taxable fee (“Early Removal Fee”) being applied to the Customer’s Public IRA Account as payment for services from Public Investing.

• To be eligible to participate in the IRA Match Program, the Customer’s Public IRA Account and all other accounts with Public Investing (collectively, “Public Accounts”) must, at all times and in the sole discretion of Public Investing or its Affiliated Entities, remain in good standing and cannot be locked, suspended, restricted, or otherwise flagged in any way.

• The interest earned by the applicable Public IRA Account is not subject to, and does not impact, the maximum annual dollar contribution limit or the maximum annual deductible amount of any Public IRA Account.

• The IRA Match Program is only available to Customers who, as of the Eligible Deposit Date, have: (a) a Public IRA Account in good standing; and (b) made one or more Eligible Deposits to this Public IRA Account.

• The Match Amount will be credited to the Customer’s Public IRA Account within approximately seven (7) business days after the Settlement Date, though this timeline may be delayed in Public Investing’s sole discretion if, by way of example and not limitation, Public Investing determines that there are indications of fraud, unauthorized activity, and/or a violation of the IRA Agreement or this Agreement.

• By participating in the IRA Match Program, each Customer represents that none of Public Investing, any of its Affiliated Entities, or Apex, has recommended any rollover or transfer to any Public IRA Account.

• The IRA Match Program is not a recommendation of any investment or investment strategy, or a recommendation that any Customer roll over or transfer assets into any Public IRA Account.

• IRA Account provisions are governed by separate document(s) that will be provided at the time you open these type accounts.

More Definitions of IRA Account

IRA Account means a Participant's interest in the Plan attributable to his IRA Account in the BNI Plan as of December 31, 1996.

IRA Account. A custodial or trust account which holds IRA or ▇▇▇▇ ▇▇▇ retirement assets pursuant to the provisions of Sections 408(a) and 408A of the Internal Revenue Code. Due Proof of Death: Due Proof of Death is satisfied when we receive all of the following in Good Order: a death certificate or legal documentation and all representations required or mandated by applicable law or regulation in relation to a continuation of the Contract, Insured Income Payments or Annuity Payments after death. Eligible Account Assets: An investment that we designate as eligible for coverage under this Contract. After the Contract is issued, we may designate additional investments as Eligible Account Assets. Once we designate an investment as an Eligible Account Asset, we, at any time in the future, may determine that such investment is no longer an Eligible Account Asset. Excess Withdrawal: All or any portion of an Income Withdrawal that exceeds the Annual Income Amount for that particular Contract Year and any Unused Annual Income Amount. If the Required Minimum Distribution amount in any Contract Year is greater than the Annual Income Amount plus any Unused Annual Income Amount, then only the amount of Income Withdrawals you make that exceed the Required Minimum Distribution amount calculated by us, if any, will be treated as Excess Withdrawal. Financial Firm: The entity you choose to hold your Account and approved by us. Good Order: Good Order is a state or condition determined to be reasonably necessary for the accurate execution of the intended transaction or direction, including: a) being received at our Service Office in a manner that is sufficiently complete and clear that we do not need to exercise any discretion; b) complies with all relevant laws and regulations; c) on specific forms, or by other means we then permit (such as via telephone or electronic transmission); and/or d) with any signatures and dates as we may require. We will notify the Financial Firm or you when Good Order conditions have not been met. Income Withdrawal: Any Withdrawal taken from the Account that is not designated by you as a Non-Income Withdrawal. Once you have taken your first Income Withdrawal from the Account, or notified us in Good Order to begin the Income Stage, all further Withdrawals will be deemed to be Income Withdrawals. Initial Account Value Contribution: The initial amount contributed to the Account by you, or on your behalf, shown in the Contract Schedule and acknowledged by us. Ins...

IRA Account means, with respect to amounts attributable to certain balances transferred to this Plan from the BR Plan or any Other Plan, the Account maintained for each Participant under each Investment Fund in which all or part of the deductible contributions made by the Participant, as permitted under the terms of the transferring plan and Code section 219 prior to January 1, 1987, have been invested and adjusted from time to time as provided in section 9.3.

IRA Account means an Individual Retirement Account, as such term ▇▇ defined in the Internal Revenue Code, for which Seller serves as trustee or custodian, the assets of which consist solely of deposit liabilities of the Seller.