Mutual Fund Unit definition

Mutual Fund Unit means the unit of value as used by the measuring mutual funds to value any Mutual Fund Options.
Sample 1Sample 2Sample 3
Mutual Fund Unit means a unit equivalent to a mutual fund share that is maintained for the benefit of a Participant in a Mutual Fund Unit Account of such Participant.
Sample 1
Mutual Fund Unit in respect of a Fund means a unit of participation in the Fund as provided for hereunder including Series A Units, Series AZ Units, Series D Units, Series DZ Units, Series F Units, Series FZ Units, Series FT5 Units, Series FT8, Series H Units, Series I Units, Series O Units, Series T5 Units, Series T8 Units, Series Z Units and Series U Units and includes a fraction of a Unit and “Mutual Fund Units” shall have the corresponding plural meaning;
Sample 1

Examples of Mutual Fund Unit in a sentence

  • Subject to the provisions of this Appendix, the LTI Acceptance Form and the Company's Mutual Fund Share Investment Plan, as may be amended from time to time (the "Plan"), the Company hereby grants to Participant a phantom mutual fund award (the "Mutual Fund Award") as identified in the Mutual Fund Unit Award section of the attached LTI Acceptance Form.

  • The amount of each installment payment shall be determined by multiplying the balance of the Mutual Fund Unit Account on the date the installment is scheduled to be paid by a fraction, the numerator of which is one and the denominator of which is the number of unpaid installments remaining at such time.

  • In the event of an Unforeseeable Emergency involving a Participant which occurs prior to distribution of the entire balance of the Participant's Mutual Fund Unit Account, the Committee may, in its sole discretion, distribute to the Participant in a single sum an amount equal to such portion of such account as shall be necessary, in the judgment of the Committee, to alleviate the financial hardship occasioned by the Unforeseeable Emergency.

  • Any Equity Award, other than a Mutual Fund Unit Award, (each as defined in the Annual Incentive Plan) that is granted in accordance with the Annual Incentive Plan shall, in accordance with Section 5.1(b) of the Annual Incentive Plan (or any successor provision), be subject to the 2002 Stock Plan and the applicable Award Agreement.

  • If a Participant who is receiving installment payments dies prior to receiving the balance of his or her Mutual Fund Unit Account, the unpaid balance shall be paid in one lump sum to the Participant's Beneficiary(ies) as soon as practicable after the date the Corporation receives notice of the Participant's death.

  • Each director may reallocate all or a portion of his or her Mutual Fund Unit Account to change the percentage(s) of an investment and/or designate an alternate mutual fund as an investment option by submitting a Reallocation Form in form and substance as provided in Exhibit "C" to the Corporate Secretary or such other person designated by the Chief Executive Officer of the Company from time to time.

  • A Participant's Mutual Fund Unit Account shall then be credited with the amount, if any, of Director Fees deferred and designated to be credited to such account during such month or on a more frequent basis if practicable.

  • Subject to the provisions of this Appendix, the LTI Acceptance Form and the Company’s Mutual Fund Share Investment Plan, as may be amended from time to time (the “Plan”), the Company hereby grants to Participant a deferred cash award (the “Mutual Fund Award”) as identified in the Mutual Fund Unit Award section of the attached LTI Acceptance Form.

  • The terms of this Plan shall apply to all Director Fees deferred under this Plan or one of its predecessors on and after January 1, 1997, except to the extent that retroactive application would adversely affect the rights of a Participant or Beneficiary to the amounts in the applicable Mutual Fund Unit Account at the time of the adoption of this amendment and restatement of the Plan.

  • Any amendment or termination of this Plan shall not affect the rights of Participants or Beneficiaries to the amounts in the Mutual Fund Unit Account on the date of such amendment or termination.

Related to Mutual Fund Unit

  • Mutual Fund or “Fund” or “UTIMF” means UTI Mutual Fund, a Trust under the Indian Trust Act, 1882 registered with SEBI under registration number MF/048/03/01 dated January 14, 2003.

  • Investment Fund has the same meaning as in National Instrument 81-106 Investment Fund Continuous Disclosure;

  • Mutual Funds means (i) all open-end mutual funds; and (ii) similar pooled investment vehicles established in non-U.S. jurisdictions, such as registered investment trusts in Japan. For purposes of the Code, Mutual Fund does not include shares of open-end money market mutual funds (unless otherwise advised by Compliance).

  • Said Unit means the said Flat, the said Vehicle Parking Space, (if any), and the right of common use of the Common Portions and wherever the context so intends or permits, shall also include the Said Undivided Share.

  • Pooled fund group means an internally created fund of a district in which one or more institutional accounts of a district are in- vested.

  • Class A Unit means any Partnership Unit that is not specifically designated by the General Partner as being of another specified class of Partnership Units.

  • Settlement Fund means the Settlement Amount plus any and all interest earned thereon.

  • GP Unit means a Partnership Unit which is designated as a GP Unit of the Partnership.

  • Designated Unit means information technology devices (e.g. hard disks or central processing units) identified by Licensee pursuant to this Agreement that have been officially made known to the public as appropriate for Use or interoperation with the Software.

  • Partnership Unit means a fractional, undivided share of the Partnership Interests of all Partners issued hereunder. The allocation of Partnership Units among the Partners shall be as set forth on Exhibit A, as may be amended from time to time.

  • Buydown Fund Account A separate account or accounts created and maintained pursuant to Section 3.02 (a) with the corporate trust department of the Trustee or another financial institution approved by the Master Servicer, (b) within FDIC insured accounts (or other accounts with comparable insurance coverage acceptable to the Rating Agencies) created, maintained and monitored by a Servicer or (c) in a separate non-trust account without FDIC or other insurance in an Eligible Institution. Such account or accounts may be non-interest bearing or may bear interest. In the event that a Buydown Fund Account is established pursuant to clause (b) of the preceding sentence, amounts held in such Buydown Fund Account shall not exceed the level of deposit insurance coverage on such account; accordingly, more than one Buydown Fund Account may be established.

  • Fund Property means the property and assets of the Fund.

  • Money market mutual fund means an open-end managed investment fund:

  • Stock Account means the account maintained on behalf of the Participant by the Custodian for the purpose of holding Stock acquired under the Plan.

  • Class B Unit means a Partnership Unit which is designated as a Class B Unit of the Partnership.

  • Settlement Unit means each hour in a day divided into hour-long periods starting at 00:00 on such day.

  • Fund Share means the share, unit, or other evidence of ownership in a Permissible Investment.

  • Company Stock Account means the account established and maintained in the name of each Participant or Beneficiary to reflect his share of the Trust Fund invested in Company Stock.

  • Unit Share means a Common Share comprising part of each Unit;

  • Endowment fund means an institutional fund or part thereof that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. The term does not include assets that an institution designates as an endowment fund for its own use.

  • OP Unit means a Partnership Unit which is designated as an OP Unit of the Partnership.

  • sub-unit means, with respect to any currency other than euro, the lowest amount of such currency that is available as legal tender in the country of such currency and, with respect to euro, means one cent.

  • Membership Unit means a Membership Common Unit, a Company Preferred Unit, a Company Junior Unit or any other fractional share of the Membership Interests that the Managing Member has authorized pursuant to Section 4.1 or Section 4.2 hereof.

  • Settlement Funds means Standard Settlement Funds and Maximizing Settlement Funds.