SEP Requirements. (see instructions) The employer agrees that contributions made on behalf of each eligible employee will be:
SEP Requirements. A. Beginning January 1, 1994, elective deferrals may not be based on more than $150,000 of compensation, as adjusted in accordance with section 408(k)(8) of the Code for cost-of-living changes. Compensation is the employee's total compensation from the employer (determined without including the SEP-XXX contributions) and include: 1. Amounts received for personal services actually performed (see section 1.219-1(c) of the Income Tax Regulations), and 2. Earned income defined under section 401(c)(2). B. The maximum limit on the amount of compensation an employee may elect to defer under a SEP for a year is the lesser of 15% of the employee's compensation or the limitation under section 402(g) of the Code, as explained below. Note: The deferral limit is 15 percent of compensation (less employer SEP-XXX contributions). Compute this amount using the following formula: compensation (before subtracting employer SEP-XXX contributions) x 13.0435%. C. If you make nonelective contributions to this SEP for a plan year, or maintain any other SEP or qualified plan to which contributions are made for such plan year, then contributions to all such SEPs and qualified plans may not exceed the lesser of $30,000 or 15% of compensation for any employee. If these limits are exceeded on behalf of any employee for a particular plan year, that employee's elective deferrals for that year must be reduced to the extent of the excess. D. If you are a new employer who had no employees during the prior plan year, you will meet the limitation in section 408(k)(6)(B) of the Code (regarding no more than 25 eligible employees during the preceding year) if you had 25 or fewer employees throughout the first 30 days that you were in existence.
SEP Requirements. The Parties agree that the SEP Amount specified in Section III, paragraph 2.b., is for the Calas Park Stormwater SEP identified in Attachment B and that SEP Amount shall be treated as a suspended administrative civil liability at the time of project completion for purposes of this Stipulated Order. The Los Angeles Water Board is entitled to recover any SEP funds that are not expended in accordance with this Stipulated Order. Detailed project descriptions, including milestones, budgets, and performance measures are attached hereto as Attachment B.
SEP Requirements. CDFW’s SEP meets the characteristics of an acceptable SEP as specified in Water Code section 13385(l)(2) as follows:
SEP Requirements. VVWRA’s augmentation of the City of Victorville’s SEP meets the characteristics of an acceptable SEP as specified in Water Code section 13385(l)(2) as follows:
SEP Requirements. The Parties agree that the SEP Amount of $300,000 is for the SEP identified in Attachment B and that the SEP Amount shall be treated as a suspended administrative civil liability until the time of project completion for purposes of this Stipulated Order. The Regional Water Board is entitled to recover any SEP funds that are not expended in accordance with this Stipulated Order. Detailed project descriptions, including milestones, budgets, and performance measures are attached hereto as Attachment B.
SEP Requirements. The employer agrees that each employee’s elective deferrals to this SEP will:
SEP Requirements. A. Elective deferrals may not be based on more than $200,000 of compensation, as adjusted per section 408(k)(8) for cost of living changes. Compensation is the employee’s compensation from the employer (figured without including the SEP-IRA contributions) and includes: ● Amounts received for personal services actually performed (see section 1.219-1(c) of the Income Tax Regulations), and ● Earned income defined under section 401(c)(2).
SEP Requirements. The Parties agree that the SEP Amount specified in paragraph 25.c. is for the SEP identified in Attachment B and that the SEP Amount shall be treated as a suspended administrative civil liability until the time of project completion for purposes of this Stipulated Order. The Regional Board is entitled to recover any SEP funds that are not expended in accordance with this Stipulated Order. Detailed project descriptions, including milestones, budgets, and performance measures are attached hereto as Attachment B.
SEP Requirements. The Parties agree that the SEP amount specified in Paragraph 9.c is for the SEPs identified in Attachments B and C and that the amount associated with each SEP shall be treated as a suspended administrative civil liability at the time of project completion for purposes of this Stipulated Order. The Regional Water Board is entitled to recover any SEP funds that are not expended in accordance with this Stipulated Order. Detailed project descriptions for each SEP, including milestones, budgets, and performance measures are attached as Attachments B and C.
