Pay Based Account definition

Pay Based Account which means a Participant's interest in this Plan composed of Pay Based Deferrals posted for each Plan Year on or after January 1, 1994 to the Participant under this Plan, plus all income and gains deemed credited to and minus all losses deemed charged to such account, as measured by the investment returns of each Investment Fund designated by the Participant, and minus all withdrawals and distributions actually charged to such account.
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Pay Based Account which means a Participant’s interest in the Plan’s assets composed of Pay Based Contributions allocated on or after the Effective Date to the Participant under the Plan, the amount allocated under the Plan as of the Effective Date, if any (as identified by the Administrator), including an amount allocated from the Xxx Gen Ltd. Profit Sharing Plan, if any, which continues to be accounted for under the Plan (as identified by the Administrator), plus all income and gains credited to, and minus all losses, expenses, withdrawals and distributions charged to, such Account.
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Pay Based Account which means a Participant's interest in the ----------------- Plan's assets composed of Pay Based Contributions allocated on or after January 1, 1998 to the Participant under the Plan and an amount transferred from the Participant's "Pay Based Account" in the Whitman Plan on or after January 1, 1998, if any, (as identified by the Administrator), plus all income and gains credited to, and minus all losses, expenses, withdrawals and distributions charged to, such Account.
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Examples of Pay Based Account in a sentence

  • The Pay Based Deferral for each period shall be posted as of the date determined by the Benefit Trust Committee (but not later than the tax filing deadline for the Company's federal income tax return for the Plan Year with respect to which the Pay Based Deferral relates, including extensions) to the Pay Based Account of each of the Participants for the Plan Year in direct proportion to their Compensation.

  • The Administrator shall post such amount to each Participant's Pay Based Account once the total Contribution received by the Custodian has been balanced against the specific amount to be credited to each Participant's Pay Based Account.

  • The Administrator shall post such amount to each Participant’s Matching Account once the total Contribution received by the Custodian has been balanced against the specific amount to be credited to each Participant’s Pay Based Account.

  • The withdrawal amount shall come only from the following Accounts, in the following priority order: RSP Employee Account RSP Employer Account Replacement RSP Employer Account Replacement RSP Employee Account Pay Based Account MIC Deferral Account IX.2 Withdrawal Processing.

  • When requesting a withdrawal, any withdrawal amount shall come only from his or her Accounts, in the following priority order of Accounts: Post-Tax Account QVEC Account TRASOP Account ESOP Account Rollover Account Former Matching Contribution Account Effective as of January 1, 2000, Pay Based Account.

  • Subject to the legal limit described in (c) below, the maximum a Participant may borrow, including the outstanding balance of existing Plan loans, is fifty percent (50%) of vested balance of the following Accounts: Pre-Tax Account Special Account Matching Account Pay Based Account Former Matching Contribution Account ESOP Account TRASOP Account Rollover Account and Post-Tax Account.

  • The Administrator shall post such amount to each Participant's Matching Account once the total Contribution received by the Custodian has been balanced against the specific amount to be credited to each Participant's Pay Based Account.

  • When requesting a withdrawal, ------------------------------ any withdrawal amount shall come only from his or her Accounts, in the following priority order of Accounts: Post-Tax Account QVEC Account TRASOP Account ESOP Account Rollover Account Former Matching Contribution Account Pay Based Account Matching Account ESOP Matching Account Pre-Tax Account Special Account.

  • When requesting a withdrawal, any withdrawal amount shall come only from his or her Accounts, in the following priority order of Accounts: Post-Tax Account QVEC Account TRASOP Account ESOP Account Rollover Account Former Matching Contribution Account Pay Based Account Matching Account Catch-up Account Pre-Tax Account Special Account.

  • Where Employer Contributions and Forfeitures allocated on behalf of a Participant are insufficient to satisfy the minimum contribution otherwise required by this Section, an additional employer contribution shall be made and allocated to the Matching or Pay Based Account of such Participant.


More Definitions of Pay Based Account

Pay Based Account which means a Participant's interest in the Plan's assets composed of Pay Based Contributions allocated on or after the Effective Date to the Participant under the Plan, the amount allocated under the Plan as of the Effective Date, if any (as identified by the Administrator), including an amount allocated from the LOU GEN LTD. PROFIT SHARING PLAN, if any, which continues to be accounted for under the Plan (as identified by the Administrator), plus all income and gains credited to, and minus all losses, expenses, withdrawals and distributions charged to, such Account.
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Pay Based Account which means a Participant's interest in the Plan's assets composed of Pay Based Contributions allocated on or after January 1, 1998 to the Participant under the Plan, the amount allocated under the Plan, as of January 1, 1998, if any (as identified by the Administrator), an
Sample 1

Related to Pay Based Account

  • Deferred Account means the participant's Deferred Pension Account, Deferred Dividends Account, Deferred Retainer Account, Deferred Fees Account, Deferred Cash Account and/or Deferred Stock Account.

  • Covered Account means an Account established by a financial intermediary for another as the owner of record on the Fund Registry and through which such owner of record has the ability to conduct transactions in Fund shares directly with and through BNYM.

  • Company Matching Account means (i) the sum of all of a Participant's Annual Company Matching Amounts, plus (ii) amounts credited in accordance with all the applicable crediting provisions of this Plan that relate to the Participant's Company Matching Account, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant's Company Matching Account.

  • Matching Account means the account maintained on the books of the Employer for the purpose of accounting for the Matching Amount and for the amount of investment return credited thereto for each Participant pursuant to Article V.

  • Qualified Account means an Account of Borrower generated in the ordinary course of Borrower's business from the sale of goods or rendition of medical services which Lender, in its sole credit judgment, deems to be a Qualified Account. Without limiting the generality of the foregoing, no Account shall be a Qualified Account if: (a) the Account or any portion thereof is payable by an individual beneficiary, recipient or subscriber individually and not directly to Borrower by a Medicaid/Medicare Account Debtor or commercial medical insurance carrier acceptable to Lender in its sole discretion; (b) the Account remains unpaid more than one hundred twenty (120) days past the claim or invoice date; (c) the Account is subject to any defense, set-off, counterclaim, deduction, discount, credit, chargeback, freight claim, allowance, or adjustment of any kind; (d) any part of any goods the sale of which has given rise to the Account has been returned, rejected, lost, or damaged; (e) if the Account arises from the sale of goods by Borrower, such sale was not an absolute sale or on consignment or on approval or on a sale-or-return basis or subject to any other repurchase or return agreement, or such goods have not been shipped to the Account Debtor or its designee; (f) if the Account arises from the performance of services, such services have not been actually been performed or were undertaken in violation of any law; (g) the Account is subject to a lien other than a Permitted Lien; (h) Borrower knows or should have known of the bankruptcy, receivership, reorganization, or insolvency of the Account Debtor; (i) the Account is evidenced by chattel paper or an instrument of any kind, or has been reduced to judgment; (j) the Account is an Account of an Account Debtor having its principal place of business or executive office outside the United States; (k) the Account Debtor is an Affiliate or Subsidiary of Borrower; (l) more than ten percent (10%) of the aggregate balance of all Accounts owing from the Account Debtor obligated on the Account are outstanding more than one hundred fifty (150) days past their invoice date; (m) fifty percent (50%) or more of the aggregate unpaid Accounts from any individual Account Debtor are not deemed Qualified Accounts hereunder; (n) the total unpaid Accounts of the Account Debtor, except for a Medicaid/Medicare Account Debtor, exceed twenty percent (20%) of the net amount of all Qualified Accounts (including Medicaid/Medicare Account Debtors); (o) any covenant, representation or warranty contained in the Loan Documents with respect to such Account has been breached; or (p) the Account fails to meet such other specifications and requirements which may from time to time be established by Lender.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Linked Account means any controlled disbursement account, controlled balance account or other deposit account maintained by a Collection Account Bank for the Parent, the Performance Guarantor, the Servicer, any Originator or any Affiliate thereof and linked to any Collection Account by a zero balance account connection or other automated funding mechanism or controlled balance arrangement.

  • User Account means an account under the name of the Customer in relation to the Service subscribed by the Customer.

  • Employer Account The Participant's Matching 401(k) Contributions Account, Matching Thrift Contributions Account, Employer Contributions Account, Qualified Matching Contributions Account and Qualified Nonelective Contributions Account, as the case may be.

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Eligible Unbilled Accounts means Accounts of the Obligors that does not qualify as an Eligible Account solely because (a) the goods giving rise to such Account have not been shipped and billed to the Account Debtor, or (b) the services giving rise to such Account have not been performed and billed to the Account Debtor and, in either case, so long as such Accounts have not been unbilled for more than thirty (30) days. For the avoidance of doubt, at such time as an Account is billed to the Account Debtor it shall no longer be an “Eligible Unbilled Account”.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Aggregate Account means, with respect to each Participant, the value of all accounts maintained on behalf of a Participant, whether attributable to Employer or Employee contributions, subject to the provisions of Section 9.2.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Class PO Deferred Amount As to any Distribution Date, the aggregate of the applicable PO Percentage of each Realized Loss, other than any Excess Loss, to be allocated to the Class PO Certificates on such Distribution Date on or prior to the Senior Credit Support Depletion Date or previously allocated to the Class PO Certificates and not yet paid to the Holders of the Class PO Certificates.

  • Share Premium Account means the share premium account established in accordance with these Articles and the Companies Act.

  • Account Value means the amount shown on Schedule A under the heading Account Value. The parties expressly acknowledge that the Account Value may be different than the liability that should be accrued by the Bank, under Generally Accepted Accounting Principles (“GAAP”), for the Bank’s obligation to the Executive under this Agreement. The Account Value on any date other than the end of a Plan Year shall be determined by adding the prorated increase attributable for the current Plan Year to the Account Value for the previous Plan Year.

  • Regular account means the account established for each active and inactive member un-

  • Tax Account shall have the meaning set forth in Section 8.6 hereof.

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • FIXED ACCOUNT is a separate investment account of ours into which purchase payments may be invested or Account Value may be transferred.

  • Retirement Account means any retirement or pension fund or account, listed in Iowa Code section 627.6(8)“f” as exempt from execution, regardless of the amount of contribution, the interest generated, or the total amount in the fund or account.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • 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.