Plan Proceeds definition

Plan Proceeds means the Property, less any Expenses and Taxes which may be required under Applicable Laws;

Plan Proceeds means Plan Assets, less any applicable taxes, interest or penalties that are or may become or have to be withheld or payable under the Tax Laws, less costs of realization and any of Our fees, charges and expenses;

Plan Proceeds means Plan Assets, less:

Examples of Plan Proceeds in a sentence

• Where effective under applicable provincial law, you may designate one or more beneficiaries to receive the Plan Assets or Plan Proceeds on your death.

• For greater certainty, upon the death of the Annuitant, the Trustee shall hold the segregated funds as Plan Proceeds for any beneficiary designated by the Annuitant under the Plan, in accordance with this Declaration of Trust.

• The Trustee and the Agent each are authorized to release any information about the Plan and the Plan Proceeds, after the Annuitant’s death, to either the Annuitant’s Estate Representative or the designated beneficiary, or both, as the Trustee deems advisable.

• If the amount of the Plan Proceeds exceeds $10,000 (or such greater or lesser amounts as we may in our sole discretion determine), we will prior to the end of that year transfer the Plan Proceeds to a RRIF for you and you hereby appoint us (and/or the Agent) as your attorney(s) in fact to execute all such documents and make elections as are necessary to establish the RRIF.

• If the amount of the Plan Proceeds is less than $10,000 (or such greater or lesser amount as we may in our sole discretion determine) we will deposit same, net of any required withholding, in a non-registered interest-bearing deposit account on your behalf and we will be entitled to collect administration fees directly from that account.

More Definitions of Plan Proceeds

Plan Proceeds means the Property paid from the Plan, less any Expenses and less applicable Taxes;

Plan Proceeds means the Property, less any Expenses and Taxes; “Prohibited Investment” means Property (other than prescribed excluded Property as that term is defined in the Tax Act) that is:

Plan Proceeds means the Property less any Expenses and less applicable taxes, w hich may be payable under the Tax Law s;

Plan Proceeds means the aggregate amount of funds available to the Debtor for payment of the Allowed Claims of Creditors or for distribution to the holders of Allowed Interests. Plan Proceeds shall include Available Cash, any Litigation Recovery and any Liquidation Proceeds.

Plan Proceeds means Plan Assets, less any applicable taxes and any of Our fees and charges;

Plan Proceeds means the aggregate amount of funds available to the Estate for payment of the Allowed Claims of Creditors and Plan Expenses. Plan Proceeds shall include Available Cash, any Litigation Recovery, and any Liquidation Proceeds plus the Insurance Proceeds.

Plan Proceeds means the Property less any Expenses and less applicable taxes, which may be payable under the Tax Laws;