Participant Accounts Clause Samples

Participant Accounts. The Administrative Agent shall maintain, or cause to be maintained, one or more separate accounts for each Participant. The Administrative Agent shall credit to the account of a Participant all Participant Contributions made by such Participant, all Employer Contributions awarded, and all Shares acquired.

Participant Accounts. The Employer shall maintain in an equitable manner a separate account for each Participant under the Plan (“Account”) in which it shall keep a record of the share of such Participant under the Plan in the Trust. The Employer may appoint a third-party administrator to assist the Trustee in maintaining such Accounts. A Participant’s Account under the Plan shall represent the portion of the Trust allocated to provide such Participant benefits under the Plan. If the Trustee is directed by the Employer to segregate the Trust into separate Accounts for each Participant, at the time it makes a contribution to the Trust, the Employer shall certify to the Trustee the amount of such contribution being made in respect of each Participant under each Plan. The Trustee may rely on information provided to the Trustee by the Employer or the Third-Party Administrator and the Trustee’s and Employer’s determination of Account values shall be conclusive and binding on all interested parties.

Participant Accounts. The Plan Administrator shall establish separate Distribution Accounts with respect to a Participant for each Distribution Option. A Participant’s Distribution Accounts shall consist of the Retirement Distribution Account and one or more In-Service Distribution Accounts. A Participant’s Distribution Accounts shall be maintained by the Plan Administrator in accordance with the terms of this Plan until all of the Deferred Compensation, Matching Deferred Compensation, and Nonelective Deferred Compensation, and investment return to which a Participant is entitled has been distributed to a Participant or his or her beneficiary in accordance with the terms of the Plan. A Participant shall be fully vested in his or her Distribution Accounts at all times.

Participant Accounts. The Plan Administrator will establish and maintain a separate Account for each Participant to reflect the Participant’s entire interest under the Plan. To the extent applicable, the Plan Administrator may establish and maintain for a Participant any (or all) of the following separate sub-Accounts: Employer Contribution Account, Section 401(k) Deferral Account, Employer Matching Contribution Account, QMAC Account, QNEC Account, Employee After-Tax Contribution Account, Safe Harbor Matching Contribution Account, Safe Harbor Nonelective Contribution Account, Rollover Contribution Account, and Transfer Account. The Plan Administrator also may establish and maintain other sub-Accounts as it deems appropriate.

Participant Accounts. Upon receipt of all necessary Participant Data, demographic and other Participant enrollment data from Plan Sponsors or Participants, Boston Financial shall provide recordkeeping for each account as set forth under the Plan ("Account"). Boston Financial shall maintain individual Participant Accounts on its records on the DST TRAC System in the name of the trustee or custodian of the Plan, respectively, for the benefit of the individual Plan Participants. The Accounts of Participants will be credited with shares of investment companies registered under the Investment Company Act of 1940, amended from time to time, and/or such other investments as permitted by Pioneer's consent ("Shares"). Boston Financial will, pursuant to instructions from Plan Sponsors or Participants, purchase the instructed number of Shares and hold such Shares in the appropriate Participant Account.

Participant Accounts. Nationwide is responsible for maintaining Participant Accounts under the Contract but may delegate this duty to a third-party. Any third-party maintaining Participant Accounts will be identified on the Contract Specifications Page as the “Record-Keeper". Nationwide will establish a Participant Account for each Participant making Participant Contributions to the Contract. The Participant Account will record the financial transactions made by the Contract Owner, or Participant if permitted by the Plan. These financial transactions include Exchanges, Transfers, Participant Contributions and Participant Benefit Payments. Contract expenses are deducted from each Participant Account.

Participant Accounts. You may enroll your Participant Account in the Service if Digital Advisor has been made available by your Participant Account’s plan fiduciary. There is a $5 minimum Participant Account balance required to enroll in the Service. Eligible Participant Accounts may hold assets in investable cash alternatives or other securities. Your Participant Account may be un-enrolled from the Service if your plan fiduciary changes the core plan lineup and there are insufficient investment options for the Service to complete its recommended asset allocation or the plan fiduciary terminates the service. Additionally, Participant Accounts with self-directed brokerage accounts will be ineligible to enroll in the Service. Transfers of securities into enrolled Participant Accounts are subject to plan sponsor rules. While enrolled, you are restricted from directing the purchase or sale securities in your Portfolio until you terminate the ongoing advised service. Transactions performed at your direction in a Portfolio enrolled in the ongoing advised service may be reversed or unwound by us in order to maintain the recommended allocation for your Portfolio.

Participant Accounts. The Plan Administrator shall establish and maintain separate Retirement Sub-Accounts, and one or more In-Service Sub-Accounts for each Participant. The Administrative Committee, in its sole discretion, shall specify the maximum number (including zero) of permitted In-Service Sub-

Participant Accounts. Your Participant Accounts will be charged an annual gross advisory fee based on your average daily balance of funds and collective investment trusts held in such accounts. Digital Advisor’s annual gross advisory fee for your Participant Account varies by plan. Please see your plan fee disclosure notices for the applicable annual gross advisory fees that apply to your plan assets. Your annual gross advisory fee for each enrolled account will be reduced by a credit of the actual revenue that Vanguard (or a Vanguard affiliate) accrues from expense ratios of Vanguard managed funds, Vanguard ETFs, Vanguard collective investment trusts, or other Vanguard revenues directly collected from Portfolio investments (e.g., 12b-1 or revenue sharing fees) enrolled in the Service. Your resulting net advisory fee calculated for each account will be the actual fee collected from each enrolled account within the Service. You can expect to pay a net advisory fee of approximately 0.15% across the Portfolio. However, the actual net advisory fee deducted from each enrolled account will vary based on your unique asset allocation and fund investments within the Portfolio and the holdings in each enrolled account. If your Portfolio contains multiple enrolled accounts the actual net advisory fee will differ from one account to another depending on the investments held in each account. To the extent that you incur account service fees, commission charges, other account charges and processing fees in connection with establishing accounts with VAI affiliates directly due to the management of the enrolled account any Vanguard revenues from those fees will also be offset. You should review the terms of your account opening documents or any plan fee disclosure notices for details regarding fees that may be assessed in connection with these accounts. To the extent that Vanguard or a Vanguard affiliate receives revenue from these charges they will be included in the credit amount deducted from your gross advisory fee. The credit amount will be rounded to the nearest whole ▇▇▇▇▇ using standard rounding for the purpose of calculating the net advisory fee.