Option Account definition

Option Account means the Account maintained on behalf of the Employee under Section 3.4 to which contributions to the Plan are credited and from which amounts are withdrawn to exercise options on a Termination Date.
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Option Account means the account solely maintained and held on trust in an Australian authorized deposit-taking institution designated by the Committee on behalf of the Employee under Section 3.4 to which contributions to the Plan are credited and from which amounts are withdrawn to exercise options on a Termination Date, provided, that such amounts
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Option Account shall include any charge account which meets the foregoing definition, regardless of its designation by Company.
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Examples of Option Account in a sentence

  • By signing below, I acknowledge that I have received a copy of the HTS Option Account Agreement Section of the Customer Information Brochure and that I have read, understand and agree to be bound by the terms.

  • By signing below, I acknowledge that I have received a copy of the SWST Option Account Agreement Section of the Customer Information Brochure and that I have read, understand and agree to be bound by the terms.

  • The Phantom Stock Option Account is solely a device for measuring amounts to be paid under this Agreement.

  • The benefit in this Section 5.1 is the greater of: (a) the value of the Phantom Stock Option Account for the month ending immediately prior to the Executive’s death; or (b) $ .

  • The Company shall provide to the Executive, within 120 days following the end of each Plan Year this Agreement is in effect, a statement setting forth the Phantom Stock Option Account Balance, stating the number of Phantom Stock shares and detailing the calculation of the value of the Executive’s Phantom Stock Option Account.

  • Each employee shall be entitled to one twenty (20) minute Rest period during each half of the day.

  • If the option contract sold is a put, the Written or Oral Instructions shall also state (i) the amount and kind of collateral required by the broker or (ii) the amount and kind of assets of the Series, if any, that shall be segregated from the general assets of the Series and held by the Custodian in a segregated option account (the "Option Account").

  • The Phantom Stock Option Account is not a trust fund of any kind.

  • The benefit amount under this Section 4.2 is the value of the Phantom Stock Option Account for the month ending immediately prior to the Executive’s Termination of Employment.

  • The Custodian shall have no responsibility for (i) the legality of any option contract purchased or sold on behalf of a Series, (ii) the propriety of any such purchase or sale and (iii) the adequacy of any collateral delivered to a broker in connection with an option or held in the Option Account.


More Definitions of Option Account

Option Account means a charge account arising out of the sale of merchandise by Company at its retail outlets pursuant to a charge account agreement by the terms of which the buyer agrees to pay the unpaid balance together with a time price differential thereon in monthly installments. For the purpose hereof, the term "Option Account" shall include any charge account which meets the foregoing definition, regardless of its designation by Company.
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Option Account means an account maintained at a Broker Dealer to facilitate the option transactions (including, without limitations, purchase, sale, transfer and exercise) option transactions.
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Option Account means the account solely maintained and held on trust in an Australian authorized deposit-taking institution designated by the Committee on behalf of the Employee under Section 3.4 to which contributions to the Plan are credited and from which amounts are withdrawn to exercise options on a Termination Date, provided, that such amounts shall be converted to U.S. dollars utilizing the $A/$US exchange rate published by the Reserve Bank of Australia on that date.
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Related to Option Account

  • Retention Account means, an interest bearing USD account in the name of the Borrowers opened or (as the context may require) to be opened by the Borrowers with the Bank and includes any sub-accounts thereof and any other account designated in writing by the Bank to be the Retention Account for the purposes of this Agreement;

  • Accumulation Account The account designated as such, established and maintained pursuant to Section 5.01(a)(iii) of the Trust Sale and Servicing Agreement.

  • Payroll Deduction Account means the bookkeeping account established for a Participant in accordance with Section 6.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.