Scheme Account definition

Scheme Account means the account or accounts required to be held under Regulation 6;
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Scheme Account means the account for rewarding the Cardholder in which the Points are collected by making use of a Card belonging to the Cardholder or by making use of the Additional Card by the Members, pursuant to the Terms of the Scheme.
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Scheme Account means an account held by the Lead Authority with a separate
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Examples of Scheme Account in a sentence

  • We shall not make any payment from the Scheme Account if such a payment exceeds the amount held in the Scheme Account at the time of payment.

  • Our maximum liability towards any and all benefits under this Master Policy in respect of all Insured Members for all events other than death shall at all times be limited to the Scheme Account Value.

  • In the event of the resignation, retirement, disability, termination or death of the Insured Member as specified in Scheme Rules, the benefits shall be payable as per the Scheme Rules by debiting the Scheme Account.

  • MVA = MVA Factor x Amount over and above 25% of the Scheme Account Value at the beginning of that Financial Year.

  • In such a case the Scheme Account Value less all applicable charges under this Master Policy shall be paid to You.

  • Our maximum and cumulative liability under this Master Policy in respect of all Insured Members for payment of Master Policy Benefits shall not, in any circumstances, exceed the Scheme Account Value.

  • Policyholders can choose to pay for their initial investment by cash or monies from their Supplementary Retirement Scheme Account.

  • While the policy is in force, Extra Allocation is repaid from the Scheme Account on each policy anniversary in five equal instalments equal to 20% of the Extra Allocation.

  • Where MVA is applicable, the Scheme Account will reduce to the extent of the claim and the MVA amount, where MVA amount is MVA multiplied by the bulk claim amount.

  • For DB Schemes, where MVA is applicable, the Scheme Account will reduce to the extent of the claim and the MVA amount, where MVA amount is MVA multiplied by the bulk claim amount.


More Definitions of Scheme Account

Scheme Account means the OAB bank account into which the funds will be deposited upon the participation in the Scheme.
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Scheme Account means the SCHEME Bank Accounts maintained by the Trustee, into which all SCHEME Payments will be paid.
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Scheme Account means a notional account maintained by NOW: Pensions which represents a Member's interest in the Scheme. This term is defined in more detail in the Scheme Documents;
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Scheme Account means the SCHEME Bank Accounts maintained by the Trustee, into which all SCHEME Payments will be paid.Comment [TT7]: Correct?currently in the form of Appendix A, as updated by
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Related to Scheme Account

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;

  • 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.

  • Designated Account means the Deposit Account of Borrower identified on Schedule D-1 to the Agreement (or such other Deposit Account of Borrower located at Designated Account Bank that has been designated as such, in writing, by Borrower to Agent).