Special Purpose Account definition

Special Purpose Account means an agency special purpose account or an account referred to in section 10;
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Special Purpose Account means an account within the Consolidated Revenue Fund of the Province of Ontario into which a forest renewal charge may be paid pursuant to section 50 of the Crown Forest Sustainability Act;
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Special Purpose Account means the interest bearing account established by Canada pursuant to the Saskatchewan Treaty Land Entitlement Act, S.C. 1993, c. 11, which shall be utilized for the purpose of administering all monies which are to be deposited by each of Canada and Saskatchewan to the Treaty Land Entitlement (Saskatchewan) Fund pursuant to Article 3, which account permits both Canada and Saskatchewan to deposit funds on an interest bearing basis at a rate of interest from time to time applicable to interest bearing deposits in the consolidated revenue fund;
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Examples of Special Purpose Account in a sentence

  • The Participant may elect a different form of distribution for the Retirement Account and for each Special Purpose Account.

  • A Participant who has made an election to defer Compensation under the Plan may make an irrevocable election to extend the Deferral Period for a Retirement Account and/or any Special Purpose Account.

  • A Participant may elect to defer into a Special Purpose Account that has not previously been established, with a Deferral Period ending on a specific deferral date that is at least five (5) calendar years following the end of the calendar year in which the Account is established.

  • At the time the Participant first elects to defer an amount to his or her Retirement Account or to a Special Purpose Account, the Participant may elect to have his or her Retirement or Special Purpose Account distributed in a lump sum or in two (2) to fifteen (15) annual installments.

  • The value of a Participant’s Special Purpose Account will be distributed (or begin to be distributed) to the Participant in April of the year specified in the Participant’s initial election or in any change in election under Section 4.7. This means, for example, that if a deferral election specifies a Deferral Period until 2020, distribution will occur in April 2020.


More Definitions of Special Purpose Account

Special Purpose Account means a Plan Account maintained on behalf of the Participant with a targeted distribution date in the calendar year specified by the Participant. The minimum Deferral Period for a Special Purpose Account is five (5) calendar years following the end of the calendar year with respect to which the Account is established.
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Special Purpose Account means the interest bearing account to be hereafter established by Canada pursuant to applicable federal legislation which shall, after its creation, be utilized for the purpose of administering: (a) all remaining monies being administered by Canada for the purposes of the Treaty Land Entitlement (Saskatchewan) Fund and which are on deposit in the consolidated revenue fund; and (b) all monies which are to be thereafter deposited by each of Canada and Saskatchewan to the Treaty Land Entitlement (Saskatchewan) Fund pursuant to Article 3; which account, when established, shall permit both Canada and Saskatchewan to deposit funds on an interest bearing basis at a rate of interest from time to time applicable to interest. bearing deposits in the consolidated revenue fund;
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Special Purpose Account means a special purpose account established under section 56 (Establishment of special purpose accounts);
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Special Purpose Account means an account maintained in the Government of Ontario’s financial records for the purpose of recording receipts, including any amounts credited on account of interest, and disbursements of money that has been paid into the Consolidated Revenue Fund and that was paid to Ontario for a special purpose; (“compte spécial”)
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Special Purpose Account means the account used to collect and expend Additional Net Revenue in excess of the Minimum Guarantee, if any, in accordance with the guidelines established under this MOU.
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Special Purpose Account means the financial account established by the Concessionaire specifically for the purpose of receiving VGF disbursement.
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Special Purpose Account has the meaning set forth in Section 6.15
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