Suspense Fund definition

Suspense Fund means the Trust Fund established to hold Employer Stock acquired with the proceeds of an Exempt Loan pending the release of such Employer Stock from encumbrance and its allocation among Participants’ Accounts.
Sample 1Sample 2Sample 3
Suspense Fund means the portion (or a portion) of the Stock Fund which reflects the shares of Company Stock not allocated to Participants' Stock Accounts.
Sample 1Sample 2
Suspense Fund means the trust fund maintained by the Trustee for the Plan and referred to in Section 10.7.
Sample 1Sample 2

Examples of Suspense Fund in a sentence

  • Some inactive, nonvested employees who are entitled to a refund are not included in the data, but a liability for their refund is included instead in the Suspense Fund, which is included in the liability.

  • Any such pledged Company Stock shall be placed in the Suspense Fund.

  • The Sponsor shall direct the establishment and maintenance of a Suspense Fund to hold all shares of Employer Stock acquired with the proceeds of an Exempt Loan pending their release from encumbrance and allocation to Participants’ Accounts.

  • Transfers from the New Mexico Taxation and Revenue Suspense Fund are based on an additional amount of $3 million per year with a 12% per annum increase of carryforward contribution amounts beginning July 1, 2002.

  • The Suspense Fund shall be held and administered as a separate trust fund.

  • The particulars of shares transferred to IEPF Suspense Fund are as follows: Date of transferNo. of shareholders involved The voting rights on the shares in IEPF Suspense Fund shall remain frozen till the rightful owners of such shares claim the shares.

  • Total insurance premium tax prepayments received by the Department are divided in half, with one half being placed in the General Fund and the other half being placed in the Premium and Retaliatory Tax Suspense Fund.

  • The particulars of shares transferred to IEPF Suspense Fund are as follows:The voting rights on the shares in IEPF Suspense Fund shall remain frozen till the rightful owners of such shares claim the shares.As there is no unclaimed dividend lying with the Company, the Company is not required to transfer any shares to IEPFA in future.

  • In any Plan Year when any Shares are no longer required to be pledged as collateral for a Loan or any other assets in the Suspense Fund are no longer required in order to meet obligations of the Trust under any Loan, the Trustee shall release those Shares and other assets from the Suspense Fund and shall transfer them to the Transition Fund as of the last day of the Plan Year.

  • In any Plan Year as any Shares are no longer required to be pledged as collateral for such a loan, the Trustee shall release such Shares from encumbrance in the Suspense Fund and shall transfer them to the Employer Stock Fund as of the last day of such Plan Year.

Related to Suspense Fund

  • Suspense Account means the account established by the Trustee for maintaining contributions and forfeitures which have not yet been allocated to Participants.

  • Expense Fund has the meaning set forth in Section 9.14(f).

  • Escrow Fund means the escrow fund established pursuant to the Escrow Agreement.

  • Indemnity Escrow Account means the escrow account established by the Escrow Agent pursuant to the terms of the Escrow Agreement for purposes of holding the Indemnity Escrow Amount.

  • Escrow Funds means the Advance funds deposited with the Escrow Agent pursuant to this Agreement.

  • Escrow Cash is defined in Section 4.1(a).

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Indemnity Escrow Fund means the Indemnity Escrow Amount deposited with the Escrow Agent, as such sum may be increased or decreased as provided in this Agreement and the Escrow Agreement, including any remaining interest or other amounts earned thereon.

  • Escrowed Funds Has the meaning, with respect to any Trust, specified in Section 2.02(b).

  • Escrow Amount has the meaning set forth in Section 2.1(c).

  • Member Account means the regular account and the variable account.

  • Expense Account The account established and maintained pursuant to Section 3.25.

  • Payment Fund has the meaning set forth in Section 2.02(a).

  • Escrow Payment Any payment received by the Master Servicer or the Special Servicer for the account of any Mortgagor for application toward the payment of real estate taxes, assessments, insurance premiums, ground lease rents and similar items in respect of the related Mortgaged Property, including amounts for deposit to any reserve account.

  • Indemnity Escrow Amount means $3,000,000.

  • Unallocated Account means the portion of the Trust to which Employer Contributions are made during the Plan Year, in which shares of Company Stock will be held prior to allocation to Participant Accounts, to which dividends paid on such shares of Company Stock will be paid, and from which will be paid expenses of the Plan and Under-Payment Expenses as defined in Section 3.5.

  • Settlement Funds means moneys allocated to this state from the environmental mitigation trust specified in par. (d) and received by the state from the trustee.

  • Settlement Fund means the Settlement Amount plus any and all interest earned thereon.

  • Trust Account means the trust account established by the Company upon the consummation of its IPO and into which a certain amount of the net proceeds of the IPO, together with a certain amount of the proceeds of a private placement of warrants simultaneously with the closing date of the IPO, will be deposited.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Exchange Fund shall have the meaning set forth in Section 3.2(a).

  • Sub-Fund means a segregated pool of assets and liabilities into which the Trust Fund is divided, established under the Trust Deed and the relevant supplemental deed as a separate trust as described in the relevant Appendix.

  • Certificate Account The account maintained by the Trustee in accordance with the provisions of Section 4.04.

  • Separate Account shall have the respective meanings assigned to such terms in Section 3 of ERISA.

  • Escrow Paying Agent Means the Person acting as paying agent under the Escrow Agreement.

  • Escrow Payments With respect to any Mortgage Loan, the amounts constituting ground rents, taxes, assessments, water rates, sewer rents, municipal charges, mortgage insurance premiums, fire and hazard insurance premiums, condominium charges, and any other payments required to be escrowed by the Mortgagor with the mortgagee pursuant to the Mortgage or any other document.