Credited Interest Clause Samples

Credited Interest. For the purpose of determining refunds in the event of termination or death before retirement, an employee's own contributions shall be credited from July with interest compounded annually at a rate below the rate earned by the fund on its fixed income investments calculated at their book value.
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Credited Interest. Credited Interest" on a Participant's Contributions and Prior Plan Contributions, if any, shall mean interest for the number of full months from the date that such Contributions are received by the Administrator to the date specified herein. The initial rate of Credited Interest is 4% per annum compounded on each anniversary of the Effective Date. Any change in the rate of Credited Interest will apply to interest allowed after the effective date of such change.
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Credited Interest. The term “
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Credited Interest. Each Cash Account shall be credited with interest until the entire Account balance has been paid out. The interest rate shall be the 30-day London Interbank Offered Rate (LIBOR) for U.S. dollar deposits as quoted in the Wall Street Journal, less .25 percent. Interest shall be compounded monthly using the interest rate as of the last business day of the preceding month.
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Credited Interest. Credited Interest" on a Participant's Contributions shall mean interest for the number of full months from the anniversary of the Effective Date following the date such Contributions are received by the Insurance Company to the date specified herein. Credited Interest on Prior Plan Contributions, if any, shall mean interest for the number of full months from the date that such Contributions are received by the Insurance Company to the date specified herein. The initial rate of Credited Interest is 4% per annum compounded on each anniversary of the Effective Date. Any change in the rate of Credited Interest will apply to interest allowed after the effective date of such change.
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Credited Interest. The annual rate of interest credited for a given year shall be equal to the average yield of Cansim series B 14045 (as reported in the Bank of Canada Review) over the preceding calendar year.
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Credited Interest. The rate of interest credited for year shall be equal the average yield of series reported in the Bank of Canada Review) over the preceding calendar year.
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Credited Interest. Interest will be credited to the Contractholder's Guaranteed Long Term Account daily. Interest will be credited to each dollar in the Guaranteed Long Term Account, pursuant to the Contract Section 3.2(C), from the Valuation Date on which it is allocated to the Guaranteed Long Term Account until the Valuation Date as of which it is transferred, distributed or disbursed from the Guaranteed Long Term Account. The rate of Credited Interest for any period of time will be determined by the Insurance Company and may be changed from time to time. Any such change by the Insurance Company will be declared in advance and will become effective as of the first day of the month immediately following the date the Contractholder is mailed notice of such change. The rate of Credited Interest will not be reduced by more than 2.10% during any calendar year. The rate of Credited Interest shall never be less than zero (0) percent.
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Related to Credited Interest

  • Prohibited Interest No member, officer, or employee of the CITY shall have any interest, direct or indirect, in this Agreement or the proceeds thereof.

  • Prohibited Interests Consultant maintains and warrants that it has not employed nor retained any company or person, other than a bona fide employee working solely for Consultant, to solicit or secure this Agreement. Further, Consultant warrants that it has not paid nor has it agreed to pay any company or person, other than a bona fide employee working solely for Consultant, any fee, commission, percentage, brokerage fee, gift or other consideration contingent upon or resulting from the award or making of this Agreement. Consultant further agrees to file, or shall cause its employees or subconsultants to file, a Statement of Economic Interest with the City’s Filing Officer as required under state law in the performance of the Services. For breach or violation of this warranty, City shall have the right to rescind this Agreement without liability. For the Term of this Agreement, no member, officer or employee of City, during the term of his or her service with City, shall have any direct interest in this Agreement, or obtain any present or anticipated material benefit arising therefrom.

  • Deferred Interest The amount by which the interest due on a Mortgage exceeds the borrower’s monthly payment, which amount is added to the unpaid principal balance of the Mortgage.

  • Accredited Investors Each of the Consultants represents and warrants that, by reason of income, net assets, education, background and business acumen, the Consultants have the experience and knowledge to evaluate the risks and merits attendant to an investment in shares of common stock of ▇▇▇▇▇▇▇▇, either singly or through the aid and assistance of a competent professional, and are fully capable of bearing the economic risk of loss of the total investment of services; further, they are "accredited investors" as that term is defined under the 1933 Act or the rules and regulations promulgated thereunder.

  • Accredited Investor The undersigned is an “accredited investor” as defined in Regulation D promulgated under the Securities Act of 1933, as amended.