Compensation: Compensation definition
Compensation: Compensation for the purposes of the $300 limit of Section 408(k)(2)(C) of the Code shall be defined as Section 414(q)
Compensation: Compensation means the entire amount paid or accrued to each Employee or Participant with respect to the Plan Year by the Employer and shall mean the entire amount of all salary, wages, commissions, overtime pay, bonuses, and other benefits paid or accrued by the Employer to such Employee or Participant, together with any such amounts which are deferred pursuant to (A) a salary deferral agreement under the BHA Group, Inc. 401 (k) Profit Sharing Plan and Trust (the "401 (k) Plan") and (B) an elective contribution to a Cafeteria Plan within the meaning of Section 125 of the Code, with respect to the year for services rendered by such Employee or Participant for the Employer, but excluding contributions to or benefits under this Plan or any other pension, profit sharing or retirement plans. Notwithstanding anything contained herein to the contrary, the amount of Compensation taken into account for all purposes of the Plan for Plan Years commencing on or after September 1, 1989 and before September 1, 1994, shall not exceed $200,000, adjusted for changes in the cost of living as provided in Section 415 (d) of the Code. The amount of Compensation taken into account for all purposes of the Plan for Plan Years commencing on or after September 1, 1994, shall not exceed $150,000, adjusted for changes in the cost of living as provided in Section 401 (a) (17) (B) of the Code. For purposes of these compensation limitations other than calculating the limitations pursuant to Section 415 of the Code, the Compensation of any Participant who is either (x) a five percent (5%) owner of the Employer, as determined under Section 414 (q) of the Code, or (y) one of the 10 highly compensation employees, as determined under Section 414 (q) of the Code, paid the greatest compensation during the Plan Year by the Employer, shall be aggregated with the Compensation, if any, of such Participant's Family Group, so that the amount of compensation of the Family Group taken into account for all purposes of the Plan may not exceed the applicable compensation limitation. A Participant's Family Group shall mean the Member, his spouse and any of his lineal descendants who have not attained age 19 before the close of the Plan Year.
Compensation: Compensation means the annual fees payable by the Funds to the Participant by reason of such Participant's membership on the boards of trustees of the Funds and/or any fees payable for such Participant's participation in committees of the boards of trustees.
More Definitions of Compensation: Compensation
Compensation: Compensation means Compensation as defined in Section 1.11, except Compensation does not include elective (salary reduction) contributions under Code Section 401(k) or Code Section 125 and any exclusion from Compensation (other than the exclusion of elective contributions and the exclusions described in paragraphs (a) and (c) of Section 1.11 and paragraph (d) of Section 1.11 to the extent amounts described therein are not includible in gross income) does not apply.