Account Sources and Funding Order Sample Clauses
The "Account Sources and Funding Order" clause defines the hierarchy and process by which funds are drawn from various accounts to fulfill payment obligations under an agreement. Typically, this clause specifies which accounts or sources are to be accessed first, and in what sequence, when making payments or covering liabilities. For example, it may require that payments be made first from a primary operating account, then from a reserve account if necessary. The core practical function of this clause is to ensure clarity and predictability in how payments are funded, thereby reducing disputes and managing the risk of insufficient funds.
Account Sources and Funding Order. The withdrawal amount shall come from the following of the Participant's fully vested Accounts, in the priority order as follows, except that the Participant may instead choose to have amounts taken from his or her Prior After-Tax Account first: Rollover Account Prior Company Account Prior After-Tax Account
Account Sources and Funding Order. The withdrawal amount shall come from a Participant's After-Tax Account.
Account Sources and Funding Order. The withdrawal shall come from a Participant's Rollover Account.
Account Sources and Funding Order. All available amounts must first be withdrawn from a Participant's After-Tax Account. The remaining withdrawal shall come from the following of the Participant's fully vested Accounts, in the priority order as follows: Rollover Account Matching Account Prior Pre-Tax Account Pre-Tax Account The amount that may be withdrawn from a Participant's Prior Pre-Tax Account shall not include any amount attributable to earnings. The amount that may be withdrawn from a Participant's Pre-Tax Account shall not include any amount attributable to earnings credited after December 31, 1988.
Account Sources and Funding Order. The withdrawal amount shall be taken pro rata from each of the Participant’s fully vested Accounts.
Account Sources and Funding Order. The withdrawal amount shall come from the following of the Participant's fully vested Accounts, in the priority order as follows, except that the Participant may instead choose to have amounts taken from his or her After-Tax Account first: Rollover Account Employee 401(k) Account Qualifying Account Employer Matching Account Matching Cash Account After-Tax Account Effective December 1, 1995, "Matching Stock Account" (which effective December 1, 1995 includes amounts previously held in a Participant's Employer Matching Account) shall be substituted for the preceding reference to "Employer Matching Account".
Account Sources and Funding Order. An Under Age 591⁄2 Hardship Withdrawal shall be drawn pro rata from the following of the Participant’s Accounts:
(i) Employee Pre-Tax Deferral Account;
(ii) Prior Plan Employee Pre-Tax Deferral Accounts;
(iii) ▇▇▇▇ Contribution Account; and
(iv) Company Qualified Non-Elective Contribution Account.
Account Sources and Funding Order. The withdrawal amount shall come from the following of the Participant's fully vested Accounts, in the priority order as follows: Rollover Account 401(k) Account SP Extra Account Spie▇▇▇ ▇▇▇ch Account Profit Sharing Pre-10/01/96 Account Prior Profit Sharing Account
Account Sources and Funding Order. All available amounts must first be withdrawn from a Participant's Prior After-Tax Account. The remaining withdrawal amount shall come from the following of the Participant's fully vested Accounts, in the priority order as follows:
Account Sources and Funding Order. The withdrawal amount shall come from the following of the Participant's fully vested Accounts, in the priority order as follows, except that the Participant may instead choose to have amounts taken from his or her After-Tax Account first: Rollover Account Before-Tax Account RSI Stock Match Account Viking/RRG Match Account Profit Sharing Account Coles Match Account Prior Profit Sharing Account Prior Before-Tax Account After-Tax Account --------------------------------------------------------------------------------