Master Savings Trust, definition
Examples of Master Savings Trust, in a sentence
With respect to the Statements of Net Assets Available for Benefits with Fund Information for the years presented, allocated share of Trust net assets includes investments at fair value, accrued interest income, accrued dividends, receivables for investments sold, payables for investments purchased and accrued administrative expenses of the Master Savings Trust.
This sub-trust is not included in the following Master Savings Trust information.
Spinco shall, prior to the end of the remedial amendment period for the Spinco Savings Plans, apply for determination letters from the Internal Revenue Service that shall provide that the Spinco Savings Plans and the Spinco Master Savings Trust satisfy the requirements for qualification under Code sections 401(a) and 501(a), and Spinco shall take all actions necessary or appropriate to obtain such letters.
For investment purposes, the assets of the Plan are held in the BellSouth Master Savings Trust (the Master Savings Trust).
Effective on a date selected by Acuity, which is expected to be no later than the Close of the Distribution Date (the “Savings Plan Transfer Date”), all of the assets associated with and allocated to the accounts of the SpinCo Savings Plan under the Acuity Master Savings Trust shall be transferred from the Acuity Master Savings Trust to the SpinCo Savings Trust.
With respect to the Statements of Changes in Net Assets Available for Benefits with Fund Information for the years presented, allocated share of Trust investment activities includes the sum of realized gains, net of realized losses, the net change in unrealized appreciation/(depreciation) on the fair value of the investments, interest income, dividends, investment manager fees and other administrative fees paid by the Master Savings Trust.
Effective on a date selected by NSI, which is expected to be no later than the Close of the Distribution Date (the "Savings Plans Transfer Date"), all of the assets associated with and allocated to the accounts of each Spinco Savings Plan under the NSI Master Savings Trust shall be transferred from the NSI Master Savings Trust to the Spinco Master Savings Trust.
Service Provider During 1998, Bankers Trust Company served as the Trustee for the Master Savings Trust and, through December 31, 1997, also served as the recordkeeper and service center provider for the Plan.
For the mutual funds, investment manager fees are not paid directly from the Master Savings Trust.
The Plan's allocated share of the net assets of each fund in the Master Savings Trust at December 31, 1996 and 1995 were as follows: 1996 1995 --------- --------- BellSouth Stock Fund....................................