Total Account definition

Total Account means the total amounts held under the Plan for a Participant, consisting of the following accounts:

Total Account means the total amounts held under the Plan for a Participant, consisting of the following subaccounts and any such other subaccounts as may be deemed necessary by the Benefits Administration Committee:

Total Account means the hypothetical unfunded bookkeeping account established for each participant in the Excess Plan.

Examples of Total Account in a sentence

• Option 2 The Specified Amount is in addition to the Total Account Value.

• The unpaid principal and interest due and owing on the date of the Participant’s death shall be offset against the Participant’s Total Account.

• If a Participant is reemployed by the Employer or an Affiliate before the Participant attains Normal Retirement Age and before distribution is completed, the Participant’s Vested Total Account shall continue to be held in the Fund until the Participant incurs another Event of Maturity after the Participant’s reemployment.

• The Total Account Forecast for Lakeland Electric is the sum of all the individual forecasts mentioned above.

• A disclaimer shall state that the Beneficiary’s entire interest in the undistributed Vested Total Account is disclaimed or shall specify what portion thereof is disclaimed.

• A Participant who has no Vested interest in the Participant’s Total Account as of the Participant’s Event of Maturity shall be deemed to have received an immediate distribution of the Participant’s entire interest in the Plan as of such Event of Maturity.

• A Beneficiary entitled to a distribution of all or a portion of a deceased Participant’s Vested Total Account may disclaim his or her interest therein subject to the following requirements.

• Projection of Benefits We will provide a projection of illustrative future death benefits and Total Account Values at any time upon Written Request.

• We may require satisfactory evidence of insurability if payment of the new Planned Premium or an Additional Premium during the current Policy Year would increase the difference between the Death Benefit and the Total Account Value.

• To be eligible to disclaim, a Beneficiary must be a natural person, must not have received a distribution of all or any portion of a Vested Total Account at the time such disclaimer is executed and delivered, and must have attained at least age twenty-one (21) years as of the date of the Participant’s death.

More Definitions of Total Account

Total Account means the total amounts held under the Plan for a Participant, consisting of his Employee Contribution Account, his Employer Contribution Account, and his Rollover Account (if applicable).

Total Account means the total of the accounts held for the benefit of a Participant under the Plan, which shall include the ESOP Account and all non-ESOP Accounts.

Total Account. $ Payment Amount: $ Direct Debit: Bank/Credit Card/Other

Total Account means the account of the Participant which represents the entire interest of the Participant and which consists of the Elective Contribution account, Matched Contribution account, discretionary employer contribution account, Restricted Employer Contribution Account and Rollover Account.