Interest Account

Example Definitions of "Interest Account"
Interest Account. A hypothetical investment account bearing interest at the rate of one hundred and twenty percent (120%) of the applicable federal long-term rate, compounded annually, and set as of the first day of each Plan Year.
Interest Account. The default alternative from among the two investment alternatives (the other being an Stock Equivalent Account) in which a Non-Employee Director may elect to invest a Deferral or portion thereof as described in sections 6 and 7 below.
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