Vested Accounts definition

Vested Accounts means the Before-Tax Account, the After-Tax Account, the PAYSOP Account, the Rollover Account and the Vested Portion of the Matching Account and, if applicable, the Vested Portion of the Merged Asset Account.
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Vested Accounts means the sum of the Participant Contribution Account, Miscellaneous Contribution Account, Rollover Account, and the vested amount in the Employer Contribution Account.‌
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Examples of Vested Accounts in a sentence

  • The Vested Accounts of all Inactive Members may be segregated and invested separately from the Accounts of all other Members.

  • A Member may prospectively revoke any election described in clause (a) or (b) above and substitute therefor a different election of any of such forms, or an election of a single sum payment, which shall apply to the then remaining balance in his Vested Accounts.

  • For other Participants, distribution from the Participant's Vested Accounts shall commence as soon as practicable after the end of the calendar month in which occurs the Participant's Retirement Distribution Date.

  • A Participant may prospectively revoke any election described in clause (a) or (b) above and substitute therefor a different election of any of such forms, or an election of a single sum payment, which shall apply to the then remaining balance in his Vested Accounts.

  • In preparing such certificate, such Lender may employ such assumptions and allocations of costs and expenses as it shall in good faith deem reasonable and may use any reasonable averaging and ▇▇▇▇▇▇▇▇▇▇n method.

  • In the event a Participant who is receiving quarterly installments dies after his or her Delayed Cessation Date, the Participant's Vested Accounts, or the remainder thereof, shall be paid to the Participant's Beneficiary in accordance with the Participant's election as to the form of distribution made in accordance with Section 7.1 and election as to the Retirement Distribution Date.

  • In the event the Plan is terminated, payment of Participants' Vested Accounts may be made in a single sum payment if the Employer so designates in the Adoption Agreement.

  • Notwithstanding any provisions in the Plan to the contrary, to the extent that the Company has any stock which is publicly traded on an established securities market or otherwise, any Award that is subject to Section 409A, if an Employee who is a Specified Employee Separates from Service for any reason other than death or Total Disability, then distribution of the Employee’s Vested Accounts shall not commence earlier than six (6) months after the date of his Separation from Service.

  • The Trustee shall then adjust each Account (including undistributed Vested Accounts) for distributions made from the Account and then adjust each Account for its proportionate share of any increase or decrease in the value of the Fund as so determined.

  • For a Participant whose Vested Accounts have an aggregate balance of less than $50,000 as of his Delayed Cessation Date, such Participant's Vested Accounts shall be distributed as soon as practicable after his Delayed Cessation Date.