Benefiting definition

Benefiting means benefiting under the Plan for any Plan Year during which a Participant received or is deemed to receive an allocation in accordance with Regulation 1.410(b)-3(a).

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Benefiting means, with respect to a Participant, that such Participant is treated as benefiting under the Plan for any Plan Year during which the Participant received or is deemed to receive an allocation in accordance with Treas. Reg. Section 1.410(b)-3(a).

Benefiting under the Plan divided by the number of "includible" Employees who are Non-Highly Compensated Employees. The "benefiting ratio" of the Highly Compensated Employees is the number of Highly Compensated Employees "benefiting" under the Plan divided by the number of "includible" Highly Compensated Employees. "Includible" Employees are all Employees other than: (1) those Employees excluded from participating in the plan for the entire Plan Year by reason of the collective bargaining unit exclusion or the nonresident alien exclusion described in the Code or by reason of the age and service requirements of Article III; and

Examples of Benefiting in a sentence

The CONSULTANT shall insure that all fixed facility construction or alteration and all new equipment included in the project comply with applicable regulations regarding Nondiscrimination on the Basis of Disability in Programs and Activities Receiving or Benefiting from Federal Financial Assistance, set forth in 49 CFR Part 27 and any amendments thereto.
For example, invoices from third party suppliers of goods or services, will be treated as direct costs and paid directly by Benefiting Company as incurred.
The Employer must make a Non-Safe Harbor Matching Contribution for each Benefiting Participant equal to the amount determined by the tiered formula below.
These costs are not always directly traceable to each Benefiting Company; or such tracing cannot be economically or practically accomplished; or the value of such goods and services are not sufficiently substantial, as a portion of Performing Company's total expenditure for such goods and services, as to be separately calculated.
Therefore, each Benefiting Company agrees that it shall reimburse Performing Company for aggregate categories of such goods and services at the rates and using the methods specified for each category in the attached Exhibit "A", as amended from time to time, which is incorporated herein and made part of this Agreement.

More Definitions of Benefiting

Benefiting means receiving an allocation under the Plan for a Plan Year in accordance with IRS Regulation ss. 1.410(b)-3(a).

Benefiting means a Participant is treated as benefiting under the Plan for any Plan Year during which the Participant received or is deemed to receive an allocation in accordance with Section 1.410(b)-3(a) of the Internal Revenue Code.

Benefiting means that a Participant has received or is deemed to have received an allocation in accordance with Reg. § 1.410(b)-3(a) for the Plan Year.

Benefiting means, for any Plan Year, that the Participant has received or is deemed to have received an allocation under the Plan in accordance with IRS Regulation Section 1.410(b)-3(a).

Benefiting means receiving an allocation under the Plan for a Plan Year in accordance with IRS Regulation (S)1.410(b)-3(a).

Benefiting means to receive or use a service on a parcel owned, used, leased, developed or occupied by or for the person to whom the benefit is imputed.

Benefiting for a Plan Year, means that a Participant received or is deemed to have received an allocation to such Participant's Account in accordance with Treasury Regulation Section 1.410(b)-3(a).