Notional Account definition

Notional Account means the notional account established by the Corporation or the Administrative Agent for a Non-Vested Participant pursuant to Section 6.01.

Notional Account means the recordkeeping device used by the Corporation to account for the notional amounts to be credited to the Participant under the Plan as described in Section 3.02.

Notional Account means the record-keeping device used by the Corporation to measure and determine the amounts to be paid to a Participant under the Plan. Separate Notional Accounts will be established for each Participant and as may be otherwise required. Notional Accounts shall be deemed to be credited with Notional gains or losses as provided in Section 3.06 from the date a Supplemental Retirement Contribution is credited in accordance with Section 3.03 through the Valuation Date.

Examples of Notional Account in a sentence

• Changes to indexing as described in this section are subject to the condition precedent that the Notional Account will be eliminated for all members and former members and confirmation thereof.

• In the absence of such an amendment and elimination of the Notional Account, the pensions of members and former members who immediately prior to termination of employment were members of The Society will be increased by 100% of the increase in the CPI effective January 1, 1999 and January 1, 2000 and the cost of such indexing shall be charged to the Notional Account in the same way as was done in respect of the increase on January 1, 1998.

• Upon payment of any Unvested Distribution Equivalent Payment, the amount credited to the Notional Account shall be reduced thereby.

• The Notional Account will be eliminated in respect of all employees, former employees and beneficiaries of the Plan.

• Effective on the date the Notional Account is eliminated, the Plan shall be amended, in respect of employees and former employees who immediately prior to termination of employment were members of The Society, to increase pension benefits on January 1 of each year by 100% of the increase in the Consumer Price Index (CPI), up to a maximum of 8% per year.

More Definitions of Notional Account

Notional Account has the meeting specified in Section 3.1.

Notional Account has the meaning set forth in Section 21.3(b) “Offered Interest” has the meaning set forth in Section 15.2(a)(i);

Notional Account means an unfunded account set up by NIUM on the NIUM Platform for the sole purpose of maintaining a record of the total balance of Export Payments received by NIUM on Your behalf;

Notional Account has the meaning assigned to it in Section 19.3(b) hereof;

Notional Account means an unfunded account established by the University on behalf of each Member, such account to be comprised of Notional Contributions and Notional Earnings/Losses.

Notional Account has the meaning given in clause 6.11.6(b)(i) or 6.12.8, as the case may be;

Notional Account means the notional account maintained by Tenant pursuant to the terms of this Section 1.4.