Local Money Purchase Plan definition

Local Money Purchase Plan means a money purchase plan established pursuant to Part 6 of C.R.S. 31-31 or to C.R.S. 31-30.5.
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Local Money Purchase Plan means a money purchase plan established pursuant to Part 6 of
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Examples of Local Money Purchase Plan in a sentence

  • That Members in the Local Money Purchase Plan shall not incur a reduction in their account balances in their Local Money Purchase Plan, determined as of the Effective Date, as a result of their transfer to the FPPA Defined Benefit System.

  • For vesting purposes with regard to the Local Money Purchase Plan account balances and with regard to the MP Component of the FPPA Defined Benefit System, years of service in the Local Money Purchase Plan shall be combined with Years of Service in the MP Component of the FPPA Defined Benefit System.

  • Contents of Application: Local Money Purchase Plan and Social Security Plan.

  • The Member may also elect to use the vested proceeds from Member’s Local Money Purchase Plan or Statewide Money Purchase Plan to purchase additional Years of Service Credit towards the accrual of a defined benefit under the FPPA Defined Benefit System.

  • That, in connection with the Employer's Resolution, the Employer's governing body has adopted a Resolution to either (i) freeze or (ii) completely or partially terminate the Local Money Purchase Plan in accordance with the terms of that plan.

  • Active local plan Members that choose to discontinue participation in the Local Money Purchase Plan and to participate in the FPPA Defined Benefit System and all of the employees hired on or after the Effective Date that meet the definition of a Member shall be included in the Employer's application for coverage under the FPPA Defined Benefit System.

  • Local Money Purchase Plan - Contribution Rate Schedule - Reentry Employees 1.

  • An Employee who has previously established a mandatory contribution rate under a Local Money Purchase Plan or the Statewide Money Purchase Plan in excess of sixteen percent (16%) may continue the previous contribution rate as an increased contribution rate.

  • A Member who is covered by Section 3.03 and 3.09 may elect a trustee-to-trustee transfer in order to transfer Member’s assets from Member’s predecessor Local Money Purchase Plan to the appropriate Transfer Account within the MP Component, as applicable.

  • Notwithstanding Section 13.02, assets in the form of a loan to a Member may be transferred into the MP Component of the Plan from a Local Money Purchase Plan upon the approval of such transfer by the Board.

Related to Local Money Purchase Plan

  • Employee Stock Purchase Plan means a plan that grants Purchase Rights intended to be options issued under an “employee stock purchase plan,” as that term is defined in Section 423(b) of the Code.

  • Option Plan has the meaning ascribed to it in section "4.7" hereinbelow;

  • Receivables Transfer Agreement means, collectively or individually, the Originator Receivables Transfer Agreement and the Master Trust Receivables Transfer Agreement, as the context may require.

  • Stock Option Plan means the stock option plan of the Company, as amended and restated from time to time;

  • Micro-purchase means a purchase of supplies or services, the aggregate amount of which does not exceed the micro-purchase threshold. Micro-purchases comprise a subset of a district's small purchases as defined in 2 C.F.R. 200.320.

  • Stock Purchase Agreement means the agreement between the Company and a Purchaser who acquires Shares under the Plan that contains the terms, conditions and restrictions pertaining to the acquisition of such Shares.

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) [replaced by The Companies Act, 2013 (No.18 of 2013)] and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund.

  • Option Plans has the meaning assigned thereto in Section 2.5(b).

  • ESOP means a Plan that is intended to satisfy the requirements of Section 4975(e)(7) of the IRC.

  • Exchange Administration Agreement means the exchange administration agreement dated as of the Closing Date between Freddie Mac and the Exchange Administrator.

  • Unit Purchase Agreement means the Common Unit and Class B Unit Purchase Agreement, dated as of December 1, 2006, among the Partnership and the purchasers named therein.

  • Investment Management Agreement or IMA means the Investment Management Agreement (IMA) dated December 9, 2002, executed between UTI Trustee Company Private Limited and UTI Asset Management Company Limited.

  • PTE means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time.

  • Stock Option Agreement means the agreement between the Company and an Optionee that contains the terms, conditions and restrictions pertaining to the Optionee’s Option.