Nonqualified Funds definition

Nonqualified Funds mean any funds not eligible for contribution to an external trust meeting the requirements of Code section 468A and Treasury Regulations section 1.468A-5.
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Nonqualified Funds means the South Texas Unit One Nonqualified Fund and the South Texas Unit Two Nonqualified Fund, collectively.
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Nonqualified Funds means the Brunswick Unit No. 1 Nonqualified Fund, the Brunswick Unit No. 2 Nonqualified Fund, the Xxxxxx Unit No. 1 Nonqualified Fund and the Xxxxxxxx Unit No. 2 Nonqualified Fund, collectively.
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Examples of Nonqualified Funds in a sentence

  • Only Nonqualified Funds are to be held or deposited in a Non-IOLTA Account.

  • Fiduciary Funds may be either Qualified Funds or Nonqualified Funds.

  • Nonqualified Funds are Rule 1.15 Funds, whether cash, check, money order, or other negotiable instrument, which are not Qualified Funds.

  • The Nonqualified Funds shall accumulate all contributions (whether from the Company or others) which do not satisfy the requirements for contributions to the Qualified Fund pursuant to Section 2 of the Special Terms.

  • Contributions of property other than cash shall be allocated to the Nonqualified Funds.

  • Nonqualified Funds are Rule 1.15 Funds, whether cash, check, money order or other negotiable instrument, which are not Qualified Funds.

  • To invest and reinvest all or any part of the Nonqualified Funds, including any undistributed income therefrom, as directed by the Company.

  • The Master Trust shall be divided by the Trustee into Funds to be identified as follows: The Funds shall continue to be maintained separately at all times in the United States as the Nonqualified Funds and the Qualified Funds pursuant to this Agreement and as separate trusts under this Master Trust Agreement in accordance with the laws of the the Commonwealth of Pennsylvania.

  • In such event, suitable arrangements equivalent to those in Section 17, would be negotiated between the parties for the MGE Qualified and Nonqualified Funds.

  • The Trustee shall hold within the ENF Master Trust a separate Qualified Fund and one or more separate Nonqualified Funds, each of which qualifies as a trust under state law.


More Definitions of Nonqualified Funds

Nonqualified Funds means the Unit 1 Nonqualified Fund and the Unit 2 Nonqualified Fund, collectively.
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Nonqualified Funds means the funds which do not satisfy Code Section 468A, including Hope Creek Nonqualified Fund, the Peach Bottom Two Nonqualified Fund, the Peach Bottom Three Nonqualified Fund, the Salem One Nonqualified Fund and the Salem Two Nonqualified Fund.
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Related to Nonqualified Funds

  • Nonqualified Stock Option means an Option that is not an Incentive Stock Option.

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • Nonqualified withdrawal means a withdrawal from an account that is not:

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • Nonqualifying Termination means a termination of the Executive’s employment (1) by the Company for Cause, (2) by the Executive for any reason other than a Good Reason, (3) as a result of the Executive’s death or (4) by the Company due to the Executive’s absence from his duties with the Company on a full-time basis for at least 180 consecutive days as a result of the Executive’s incapacity due to physical or mental illness.

  • Nonstatutory Option means a stock option not described in Sections 422(b) or 423(b) of the Code.

  • Company Stock Option means any option to purchase one or more shares of the Company’s Common Stock granted under any of the Company Stock Plans.

  • Deferred Compensation means the Compensation elected by the Participant to be deferred pursuant to the Plan.

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.