Account Balance

Example Definitions of "Account Balance"
Account Balance. As of any date, the aggregate amount credited to the Executive's Account under this Agreement. The Bank, in its sole and absolute discretion, shall determine what, if any, amounts shall be credited to Executive's Account in any particular calendar year, provided, however, if Executive remains in the Continuous Service of the Bank until attaining Normal Retirement Age, that the Bank must credit to the Executive's Account, no later than the Executive's Normal Retirement Age, the amount that would... result in an Account Balance at the time of Executive's Normal Retirement Date equal to the present value, using the Discount Rate and reasonable actuarial assumptions in accordance with GAAP as reasonably applied by the Bank, of $50,000 of annual retirement benefits for ten (10) years in equal monthly installments on the first day of each month commencing upon the Executive's Normal Retirement Date View More
Account Balance. As of any date, the aggregate amount credited to the Executive's Account under this Agreement. The Bank, in its sole and absolute discretion, shall determine what, if any, amounts shall be credited to Executive's Account in any particular calendar year, provided, however, if Executive remains in the Continuous Service of the Bank until attaining Normal Retirement Age, that the Bank must credit to the Executive's Account, no later than the Executive's Normal Retirement Age, the that amount that which would result in an Account Balance at the time of Executive's Normal Retirement Date equal Age which would be sufficient to pay the present value, using the Discount Rate and reasonable actuarial assumptions in accordance with GAAP as reasonably applied by the Bank, of $50,000 Executive at least $150,000 of annual retirement benefits for ten (10) fifteen (15) years in equal monthly installments on the first day of each month commencing upon the Executive's Normal Retirement Date View More
Account Balance. As of any date, the aggregate amount credited to the Executive's Account under this Agreement. The Bank, in its sole and absolute discretion, shall determine what, if any, amounts shall be credited to Executive's Account in any particular calendar year, provided, however, if Executive remains in the Continuous Service of the Bank until attaining Normal Retirement Age, that the Bank must credit to the Executive's Account, no later than the Executive's Normal Retirement Age, the that amount that which would result in an Account Balance at the time of Executive's Normal Retirement Date equal Age which would be sufficient to pay the present value, using the Discount Rate and reasonable actuarial assumptions in accordance with GAAP as reasonably applied by the Bank, of Executive at least $50,000 of annual retirement benefits for ten (10) years in equal monthly installments on the first day of each month commencing upon the Executive's Normal Retirement Date View More
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Account Balance. The Account balance as of the last valuation date in the calendar year immediately preceding the Distribution Calendar Year (valuation calendar year) increased by the amount of any contributions made and allocated or forfeitures allocated to the account balance as of dates in the valuation calendar year after the valuation date and decreased by distributions made in the valuation calendar year after the valuation date. The Account Balance for the valuation calendar year includes any amounts... rolled over or transferred to the Plan either in the valuation calendar year or in the Distribution Calendar Year if distributed or transferred in the valuation calendar year. View More
Account Balance. The full amount credited to a Participant's Company Account at any time
Account Balance. With respect to any Participant, the sum of all Deferrals and Matching Contributions credited to his or her Account for all years the Participant has participated in this Plan, as adjusted for any Earnings on such amounts, and as reduced for any prior distributions to the Participant or his or her Beneficiary.
Account Balance. Account Balance means, with respect to any Account, the total payment obligation owed to a Participant from such Account as of the most recent Valuation Date.
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