Defined Compensation definition

Defined Compensation means any non-discretionary compensation payable to an Eligible Participant, as evidenced by a written contract between the Corporation and Eligible Participant;
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Examples of Defined Compensation in a sentence

  • An employee in a regular or limited-term position may, at his or her request, participate in the County's Section 457(b) Defined Compensation Plan.

  • Nothing paid to Executive under any plan or arrangement presently in effect or made available in the future shall be deemed to be in lieu of the Base Salary or Defined Compensation payable to Executive pursuant to subsection (a) of this Section.

  • Nonqualified Defined Compensation Plan, with such changes, modifications or amendments to the SpinCo Benefit Protection Rabbi Trust as may be required by applicable Law.

  • Nonqualified Defined Compensation Plan (the “Parent Benefit Protection Rabbi Trust”), to the extent that such terms of the Parent Benefit Protection Rabbi Trust relate to obligations in respect of the MDU Resources Group, Inc.

  • A Leave Cash-Out Request form is not required in the last pay period of the payroll calendar year unless the employee wants to designate the distribution to 401(k) Defined Compensation Plan and/or 457(b) Deferred Compensation Plan.