Differential Wage Payments. For years beginning after December 31, 2008, (i) an individual receiving a differential wage payment, as defined by Code §3401(h)(2), is treated as an employee of the employer making the payment, (ii) the differential wage payment is treated as compensation, and (iii) the Plan is not treated as failing to meet the requirements of any provision described in Code §414(u)(1)(C) by reason of any contribution or benefit which is based on the differential wage payment.
Appears in 3 contracts
Samples: Adoption Agreement (Knowles Corp), Participation Agreement (Nci Building Systems Inc), PPD Adoption Agreement (Simpson Manufacturing Co Inc /Ca/)
Differential Wage Payments. For years beginning on or after December 31October 1, 20082012, (i) an individual a Member receiving a differential wage payment, as defined by Code §3401(h)(2), is treated as an employee Employee of the employer Employer making the payment, (ii) the differential wage payment is treated as compensation, and (iii) the Plan is not treated as failing to meet the requirements of any provision described in Code §414(u)(1)(C) by reason of any contribution or benefit which is based on the differential wage payment.
Appears in 2 contracts
Samples: Singing River Health System Employees’ Retirement Plan and Trust Agreement, Singing River Health System Employees’ Retirement Plan and Trust Agreement
