Matching Accounts Sample Clauses

The Matching Accounts clause establishes a requirement that the records or accounts maintained by both parties in a transaction must correspond and be consistent with each other. In practice, this means that each party is responsible for keeping accurate and up-to-date records of relevant transactions, such as payments, deliveries, or balances, and periodically reconciling these records to ensure they match. This clause helps prevent disputes arising from discrepancies in record-keeping, ensuring transparency and reducing the risk of errors or misunderstandings between the parties.
Matching Accounts. In-service distributions from Matching Accounts will be allowed as follows: [Check applicable box(es).] a. [ x ] Standard: no distributions before separation from service. b. [ ] on or after age . c. [ ] after the anniversary of Plan participation.
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Matching Accounts. En-Service distributions from Matching Accounts will be allowed as follows: [Check applicable box (es).] a. [ ] STANDARD: no distributions before separation. from service. b. [x] for a financial hardship under the safe harbor tests. .See Section 9.2 (b)(3).] c. [x] under other circumstances. [Attach appropriate addendum IX.C.2.c.]
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Matching Accounts. For purposes other than determining the forfeiture of Matching Account balances, a One-Year Break in Service is a Plan Year in which the individual has no more than 500 Hours of Service. For purposes of determining whether a One-Year Break in Service has occurred, an individual who is absent from work by reason of a "maternity or paternity absence" as defined in Section 1.35.2 shall receive credit for the Hours of Service which would have been credited to such individual but for such absence, or, in any case in which such Hours cannot be determined, eight Hours of Service per day of such absence, but in no event more than 501 Hours of Service. The Hours of Service credited under this Section 1.35.1 shall be credited (a) only in the Plan Year in which the absence begins if necessary to prevent a One-Year Break in Service in that Plan Year, or (b) in all other cases, in the following Plan Year.
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Matching Accounts. In-service distributions from Matching Accounts will be allowed as follows: [Check applicable box(es).]
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Matching Accounts. The Matching Accounts shall be invested entirely in Shares except that funds may be retained in cash or deposited temporarily in short-term investments as necessary for orderly administration of the Plan. Shares may be newly issued Shares, Shares purchased from Company at fair market value on the date of purchase, or Shares purchased on the open market or in private transactions at substantially fair market value at such times and in such amounts as Company determines. Fair market value, as used in this section and elsewhere in the Plan, shall, unless Company shall determine otherwise, be the closing price of the Shares on the date concerned or, if such closing price is not available for a date (because the date is not a trading date or otherwise), for the next preceding date for which such closing price is available.
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Related to Matching Accounts

  • Retirement Accounts With respect to certain retirement plans or accounts (such as individual retirement accounts (“IRAs”), SIMPLE IRAs, SEP IRAs, ▇▇▇▇ IRAs, Education IRAs, and 403(b) Plans (such accounts, “Retirement Accounts”), the Transfer Agent, at the request and expense of the Fund, provide or arrange for the provision of various services to such plans and/or accounts, which services may include custodial agent services such as account set-up maintenance, and disbursements as well as such other services as the parties hereto shall mutually agree upon.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

  • Deferred Compensation Account All Participant Deferral Credits and Employer Credits shall be credited to the Deferred Compensation Account of the Participant as provided in Section 8.

  • Cash Account Except as otherwise provided in Instructions acceptable to Bank, all cash held in the Cash Account shall be deposited during the period it is credited to the Account in one or more deposit accounts at Bank or at Bank's London Branch. Any cash so deposited with Bank's London Branch shall be payable exclusively by Bank's London Branch in the applicable currency, subject to compliance with any Applicable Law, including, without limitation, any restrictions on transactions in the applicable currency imposed by the country of the applicable currency.

  • Cash Accounts The Custodian will open and maintain in the name of the Client one or more cash deposit accounts (each a “Cash Account”) in such currencies as may be required in connection with the investment activity of the Client.