Eligible deferred compensation plan definition

Eligible deferred compensation plan means a deferred compensation plan established and maintained by a governing body, which plan meets the requirements of section 457 of the internal revenue code.
Eligible deferred compensation plan means a Plan which meets the requirements of Code Section 457(b).
Eligible deferred compensation plan means a plan meeting the requirements of section 457 of the Internal Revenue Code.

Examples of Eligible deferred compensation plan in a sentence

  • Eligible retirement plans are: • Individual Retirement Account described in section 408(a); • Individual Retirement Annuity described in section 408(b) (other than an endowment contract); • A qualified trust; • Annuity plan described in section 403(a); • Eligible deferred compensation plan described in section 457(b); and • Annuity contract described in section 403(b).

  • Eligible deferred compensation plan" means a plan meeting the requirements of section 457 of the Internal Revenue Cod e, 26 U.S.C. 457.


More Definitions of Eligible deferred compensation plan

Eligible deferred compensation plan means a plan other than an eligible governmental plan that constitutes an eligible plan within the meaning of Code Section 457(b).
Eligible deferred compensation plan means a plan established under section 457(b) of the Code that is maintained by a state, a political subdivision of a state, any agency or instrumentally of a state or political subdivision of a state, or any other organization that is exempt from taxation under the Code.
Eligible deferred compensation plan means a plan maintained by any employer that constitutes an "eligible deferred compensation plan" within the meaning of Code section 457 and that has at all relevant times included the deferral limitations set forth in section 457(b).
Eligible deferred compensation plan means a deferred compensation plan of an employer that meets the requirements of IRC Section 457(b).

Related to Eligible deferred compensation plan

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • Section 409A Deferred Compensation means compensation provided pursuant to an Award that constitutes nonqualified deferred compensation within the meaning of Section 409A.

  • Nonqualified Deferred Compensation Rules means the limitations or requirements of Section 409A of the Code, as amended from time to time, including the guidance and regulations promulgated thereunder and successor provisions, guidance and regulations thereto.

  • Deferred Compensation means the Compensation elected by the Participant to be deferred pursuant to the Plan.

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Covered Compensation means any Incentive-Based Compensation granted, vested or paid to a person who served as an Executive Officer at any time during the performance period for the Incentive-Based Compensation and that was Received (i) on or after October 2, 2023 (the effective date of the Nasdaq listing standards), (ii) after the person became an Executive Officer, and (iii) at a time that the Company had a class of securities listed on a national securities exchange or a national securities association such as Nasdaq.

  • Matching Contribution means Employer contributions made to this Plan or any other defined contribution plan by reason of Thrift Contributions or Elective Deferrals under this Plan.

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.