Examples of Transfer Account in a sentence
At Normal Retirement Date, or such other date when the Participant or the Participant's Beneficiary shall be entitled to receive benefits, the Participant's Transfer Account shall be used to provide additional benefits to the Participant or the Participant's Beneficiary.
Select one of the following account types: Coverdell Education Savings Account (CESA) For Tax Year Rollover Account – specify the type of rollover: Account Holder’s CESA to Account Holder’s CESA Qualifying Family Member’s CESA to Account Holder’s CESA Transfer Account – a direct transfer from current CESA custodian.
Transfers out of the Transfer Account and into the elected Sub-accounts will still be allowed.
The suspension will be lifted once a transfer out of the Transfer Account occurs due either to a Daily or Monthly Transfer Calculation.
Amounts in a Participant's Transfer Account shall be held by the Trustee (or Insurer) pursuant to the provisions of this Plan and may not be withdrawn by, or distributed to the Participant, in whole or in part, except as elected in the Adoption Agreement and Subsection (d) below, provided the restrictions of Subsection (c) below and Section 6.16 are satisfied.