Examples of Other Investments Account in a sentence
The Trustee is also a discretionary trustee with respect to the investment of assets which are held in the Other Investments Account and which are not participant directed (i.e., participant elective contributions in the Elective Account and rollover contributions in the Rollover Account).
Other Investments25a.Nonperpetual Capital Account (Account 769A)25b.Perpetual Contributed Capital (Account 769B)25c.All Other Investments (Account AS0016)2513.Total Other Investments (Sum of Accounts 769A, 769B, and AS0016 ) (Account AS0017)25 NCUA Form 5300 - Page 2 26Assets—Continued 26Loans Held for Sale 2614.
Any balance in a Participant's Other Investments Account will be applied to acquire for distribution the maximum number of whole shares or other units of Employer Stock at the then fair market value.
If a portion of a Participant's Account is forfeited, Employer Stock allocated to the Participant's Employer Stock Account must be forfeited only after the Participant's Other Investments Account has been depleted.
If an ESOP provides for both a Stock Account and an Other Investments Account, ensure that the right to demand qualifying employer securities applies to the entire ESOP plan (all accounts constituting the ESOP), not just the Stock Account, with the exception of stock diversified as required by IRC section 409(h)(7) diversification.