VEBA Account definition

VEBA Account means any voluntary employee beneficiary association account that is funding a health reimbursement arrangement (either Section 501(c)(9) trusts or Section 115 trusts).
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VEBA Account means an account maintained under the VEBA Plan immediately prior to the Merger containing elective deferrals, matching contributions, rollover contributions and after-tax contributions (as applicable) for a VEBA Member.
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Examples of VEBA Account in a sentence

  • The School Corporation shall contribute the remaining thirty percent (30%) of the total sum of the amount calculated by FSC as the present Value for the Retirement benefit contained in the Prior Agreement into a VEBA Account.

  • Funds transferred to the Trustee in respect of a Member’s VEBA Account shall be allocated under the Plan to such Member’s Elective, Matching, and Rollover Subaccounts, as applicable.

  • Vesting Schedule-A vesting schedule has been created for all employed employees subject to the provisions of Section 11.01 and shall apply to both the 401(a) Account and the VEBA Account for that employee.

  • The District shall contribute an amount, as shown in the table below, to each bargaining unit employee’s VEBA Account per month.

  • Each VEBA Member who is not then employed by an Employer shall become a member on April 2, 2001, but solely with respect to his VEBA Account unless he otherwise qualifies as a Member under the Plan.

  • Funds from a VEBA Account, if applicable, may be used by the retired school employee to pay the premiums for this coverage.

  • The Employer agrees to make available a VEBA Account to the bargaining unit.

  • In addition, the School District will make a $550 annual contribution to the employee’s VEBA Account.

  • In addition, the School District will make a $1,100 annual contribution to the employee’s VEBA Account.

  • Accrued but unused sick leave shall have no cash value except at the time of normal service retirement or upon separation of service with at least twenty (20) years of employment with the City of Bellevue, when the employee shall be eligible to receive twenty percent (20%) cash payment of such leave, but not to exceed a maximum of two hundred and eighty-eight (288) hours, at the employee’s base hourly rate deposited into the employee’s VEBA Account.

Related to VEBA Account

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Settlement Account means an account at a financial institution designated by Merchant as the account to be debited and credited by Bank for Transactions, fees, Chargebacks and other amounts due under the Merchant Agreement.

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Subsidy Account If the Trust Estate contains any Subsidy Loans, the deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans.

  • frozen account means an account with a relevant institution which is held or controlled (directly or indirectly) by a designated person;