Paid Account definition

Paid Account means any Purchased Account as to which Factor has made a Cash Payment to Client pursuant to Section 5(c).
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Paid Account means an account which You pay for; this means all Q-TRACK accounts.
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Examples of Paid Account in a sentence

  • An Employee Paid Account will be initiated for each teacher at his/her request.

  • This portfolio may contain up to two (2) accounts, an Employer Paid Account and an Employee Paid Account.

  • An Employer Paid Account will be initiated for each certified/licensed employee.

  • The Cooperative will contribute $1,000.00 per contract year into each full time certified/licensed employee’s Employer Paid Account.

  • A certified/licensed employee who chooses to make contributions into his/her Employee Paid Account will be immediately fully vested for the Employee Paid Account.

  • The certified/licensed employee may voluntarily contribute from salary an amount of his/her choosing into the Employee Paid Account.

  • Upon beginning his/her 6th continuous year as a certified/licensed employee of the Cooperative, each certified/licensed employee will become vested in 10% of the amount contained within his/her Employer Paid Account.

  • Separate investment options may be made for an employee’s Employer Paid Account and his/her Employee Paid Account.

  • A certified/licensed employee may access the vested portion of his/her Employer Paid Account value upon termination of an employment contract with the Cooperative.

  • An Employee Paid Account will be initiated for each licensed professional at his/her request.