Employee Pension definition

Employee Pension or "Annuity" means an annual amount, derived from a Member' s
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Employee Pension. PLAN shall have the meaning given in Section 9.1(a)(viii). 41. EMPLOYEE WELFARE PLAN shall have the meaning given in Section 9.1(a)(viii). 42. EMPLOYMENT AND WITHHOLDING TAXES shall have the meaning given in Section 4.8(a)(iv). 43. ENVIRONMENT shall have the meaning given in Section 4.18(a)(i). 44. ENVIRONMENTAL AUTHORIZATIONS shall have the meaning given in Section 4.18(a)(ii). 45. ENVIRONMENTAL CLAIM shall have the meaning given in Section 4.18 (a)(ii). 46. ENVIRONMENTAL CONDITIONS shall have the meaning given in Section 4.18(a)(iii). 47. ENVIRONMENTAL LAW shall have the meaning given in Section 4.18(a)(iv). 48. ENVIRONMENTAL RESERVE PROJECTIONS/REIMBURSEMENT REPORT shall have the meaning given in Section 4.18(b). 49. ERISA shall have the meaning given in Section 4.28(a)(i). 50. ERISA AFFILIATE shall have the meaning given in Section 4.28)(c)(vi). 51. EXCESS LOSS ACCOUNT shall have the meaning given in Section 4.8(a)(v). 52. FJB shall have the meaning given in the Background. 53. FIDUCIARY shall have the meaning given in Section 9.1(a)(x) 54. FINAL CLOSING BALANCE SHEET shall have the meaning given in Section 1.5(a). 55. FINAL PURCHASE PRICE shall have the meaning given in Section 1.5(a). 56. GAAP shall have the meaning given in Section 1.4. 57. GENERAL INCREASE shall have the meaning given in Section 4.13(g). 58. GOVERNMENTAL AUTHORITY shall have the meaning given in Section 4.8(a)(vi). 59. GROUP HEALTH PLAN shall have the meaning given in Section 4.28(c)(viii). 60. HAZARDOUS SUBSTANCES shall have the meaning given in Section 4.18(a)(v). 61. INCOME TAX shall have the meaning given in Section 4.8(a)(vii). 62. INTELLECTUAL PROPERTY shall have the meaning given in Section 3.10(a). 63. INTERIM CLOSING BALANCE SHEET shall have the meaning given in Section 1.4. 64. IRS shall have the meaning given in Section 4.8(a)(viii). 65.
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Employee Pension or “Annuity” means an annual amount, derived from a member's accumulated contribution, payable in equal monthly installments throughout the future life of a person, or for a temporary period as provided in this Ordinance.
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Examples of Employee Pension in a sentence

  • Employer contributions to a Simplified Employee Pension Plan or a SIMPLE Plan may be continued after you attain RMD age.

  • Employer contributions to a Simplified Employee Pension Plan or a SIMPLE Plan may be continued after you attain age 70½.

  • Form 5305-A may also be used by qualifying employers in conjunction with Form 5305-SEP to establish a Simplified Employee Pension plan (SEP) on behalf of employees.

  • Some plan parameters were also independently verified using the Urban Institute’s State and Local Employee Pension Plan Database (http://apps.urban.org/features/SLEPP/data.html).

  • Except in the case of a rollover contribution (as permitted by Internal Revenue Code §§ 402(c), 402(e)(6), 403(a)(4), 403(b)(8), 403(b)(10), 408(d)(3) and 457(e)(16)) or a contribution made in accordance with the terms of a Simplified Employee Pension (SEP) as described in § 408(k), no contributions will be accepted unless they are in cash, and the total of such contributions shall not exceed $5,000 for any taxable year beginning in 2008 and years thereafter.

  • A Traditional IRA may also be used in connection with a Simplified Employee Pension Plan (SEP Plan) established by your employer (or by you if you are self-employed).

  • Employee Pension Fund (Mr. Birnbach is the trustee of such fund), as to which he disclaims beneficial ownership.

  • IRAs include traditional IRAs, Roth IRAs, Simplified Employee Pension (SEP) IRAs, and SIMPLE IRAs. Exclude deposits in "Section 457" deferred compensation plans and self-directed defined contribution plans, which are primarily 401(k) plan accounts.

  • Except in the case of a rollover contribution (as permitted by Code §§ 402(c), 403(a)(4), 403(b)(8), 408(d)(3) and 457(e)(16)) or a contribution made in accordance with the terms of a Simplified Employee Pension (SEP) as described in Code § 408(k), or a recharacterized contribution described in section 408(d)(6), no contributions will be accepted unless they are in cash, and the total of such contributions shall not exceed $6,000 for any taxable year beginning in 2010 and years thereafter.

  • Please note that an IRS Model 5305-SEP Form must be provided to any participating employee in a Simplified Employee Pension Plan.


More Definitions of Employee Pension

Employee Pension. Benefit Plan" (as defined in Section 3(2) of ERISA and not exempted under Section 4(b) or 201 of ERISA) including any multi-employer plan; (III) deferred compensation plan; (IV) bonus plan; (V) stock option plan or employee stock purchase plan; OR (VI) other employee benefit plan, agreement, arrangement or commitment (collectively, "EMPLOYEE PLANS"). Seller shall be solely liable for, and pay for all costs with respect to, the termination of such Employee Welfare Benefit Plans or the funding of such Employee Welfare Benefit Plans through the Closing Date (INCLUDING, BUT NOT LIMITED TO, any obligations which may arise by reason of the termination of any of Seller's employees on or prior to the Closing Date in connection with the transactions contemplated herein), as may be applicable.
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Related to Employee Pension

  • Employee Pension Plan means any Employee Plan for the provision of retirement income to employees or which results in the deferral of income by employees extending to the termination of covered employment or beyond as defined in Section 3(2) of ERISA.

  • Employee Pension Benefit Plan has the meaning set forth in ERISA Section 3(2).

  • Multiemployer Pension Plan means a multiemployer plan, as defined in Section 4001(a)(3) of ERISA, to which Borrower or any member of the Controlled Group may have any liability.

  • Employee Welfare Benefit Plan has the meaning set forth in ERISA Section 3(1).

  • Multi-employer Plan means a Plan that is a Multi-employer plan as defined in Section 4001(a)(3) of ERISA.

  • Multiemployer Plan means a multiemployer plan as defined in Section 4001(a)(3) of ERISA.

  • Pension Benefit Plan means at any time any employee pension benefit plan (including a Multiple Employer Plan, but not a Multiemployer Plan) which is covered by Title IV of ERISA or is subject to the minimum funding standards under Section 412 of the Code and either (i) is maintained by any member of the Controlled Group for employees of any member of the Controlled Group; or (ii) has at any time within the preceding five years been maintained by any entity which was at such time a member of the Controlled Group for employees of any entity which was at such time a member of the Controlled Group.

  • Company ERISA Affiliate means all employers (whether or not incorporated) that would be treated together with the Company or any of its Subsidiaries as a “single employer” within the meaning of Section 414 of the Code.

  • Employee Program means (A) all employee benefit plans within the meaning of ERISA Section 3(3), including, but not limited to, multiple employer welfare arrangements (within the meaning of ERISA Section 3(40)), plans to which more than one unaffiliated employer contributes and employee benefit plans (such as foreign or excess benefit plans) which are not subject to ERISA; and (B) all stock option plans, bonus or incentive award plans, severance pay policies or agreements, deferred compensation agreements, supplemental income arrangements, vacation plans, and all other employee benefit plans, agreements, and arrangements not described in (A) above. In the case of an Employee Program funded through an organization described in Code Section 501(c)(9), each reference to such Employee Program shall include a reference to such organization;

  • Qualified Benefit Plan has the meaning set forth in Section 3.20(c).

  • ERISA means the Employee Retirement Income Security Act of 1974, as amended.

  • Employee Plan means an employee benefit plan (other than a Multiemployer Plan) covered by Title IV of ERISA and maintained (or that was maintained at any time during the six (6) calendar years preceding the date of any borrowing hereunder) for employees of any Loan Party or any of its ERISA Affiliates.

  • Foreign Pension Plan means any plan, fund (including, without limitation, any superannuation fund) or other similar program established or maintained outside the United States of America by the Borrower or any one or more of its Subsidiaries primarily for the benefit of employees of the Borrower or such Subsidiaries residing outside the United States of America, which plan, fund or other similar program provides, or results in, retirement income, a deferral of income in contemplation of retirement or payments to be made upon termination of employment, and which plan is not subject to ERISA or the Code.

  • ERISA Affiliate means any trade or business (whether or not incorporated) that, together with the Borrower, is treated as a single employer under Section 414(b) or (c) of the Code or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single employer under Section 414 of the Code.

  • Multiemployer Plans means “multiemployer plans” as defined by Section 3(37) of ERISA.

  • Parent ERISA Affiliate means any corporation or trade or business (whether or not incorporated) which is (or at any relevant time was) treated with Parent or any of its Subsidiaries as a single employer within the meaning of Section 414 of the Code.

  • Welfare Benefit Plan means each welfare benefit plan maintained or contributed to by the Company, including, but not limited to a plan that provides health (including medical and dental), life, accident or disability benefits or insurance, or similar coverage, in which Executive was participating at the time of the Change in Control.

  • state pension credit means state pension credit under the State Pension Credit Act 2002;

  • Retiree Welfare Plan means, at any time, a Welfare Plan that provides for continuing coverage or benefits for any participant or any beneficiary of a participant after such participant's termination of employment, other than continuation coverage provided pursuant to Section 4980B of the IRC and at the sole expense of the participant or the beneficiary of the participant.

  • Canadian Benefit Plan means any plan, fund, program or policy, whether oral or written, formal or informal, funded or unfunded, insured or uninsured, providing employee benefits, including medical, hospital care, dental, sickness, accident, disability, life insurance, pension, retirement or savings benefits, under which any Loan Party has any liability with respect to any of its employees or former employees employed in Canada, and includes any Canadian Pension Plan.

  • Foreign Benefit Plan means any Employee Benefit Plan established, maintained or contributed to outside of the United States of America or which covers any employee working or residing outside of the United States.

  • ERISA Plan means any employee pension benefit plan subject to Title IV of ERISA maintained by any ERISA Affiliate with respect to which any Restricted Person has a fixed or contingent liability.

  • Company Employee Plan means any plan, program, policy, practice, contract, agreement or other arrangement providing for compensation, severance, termination pay, deferred compensation, performance awards, stock or stock-related awards, fringe benefits or other employee benefits or remuneration of any kind, whether written or unwritten or otherwise, funded or unfunded, including without limitation, each "employee benefit plan," within the meaning of Section 3(3) of ERISA which is or has been maintained, contributed to, or required to be contributed to, by the Company or any Affiliate for the benefit of any Employee, or with respect to which the Company or any Affiliate has or may have any liability or obligation;

  • Foreign Benefit Arrangement means any employee benefit arrangement mandated by non-U.S. law that is maintained or contributed to by any Credit Party or any of its Subsidiaries.

  • Controlled Group means all members of a controlled group of corporations and all trades or businesses (whether or not incorporated) under common control which, together with the Borrower, are treated as a single employer under Section 414 of the Code.

  • Canadian Benefit Plans means all material employee benefit plans of any nature or kind whatsoever that are not Canadian Pension Plans and are maintained or contributed to by any Credit Party having employees in Canada.