EXCESS SALARY definition
EXCESS SALARY means the excess, if any, of (i) a Participant's Salary for the Plan Year, but without any reduction to reflect the compensation limit of section 401(a)(17) of the Code, over (ii) the compensation limit of section 401(a)(17) of the Code applicable for the
EXCESS SALARY means the excess of an Eligible Employee’s Salary over his Recognizable Salary. Excess Salary Per Pay Period shall mean the Excess Salary earned in any Pay Period in the Supplemental Plan Year after the Recognizable Salary limit has been reached.
EXCESS SALARY means the amount of a Participant's compensation upon which the Participant can no longer make deferral contributions under the Dollars & Sense Plan due to the application of either Code Section 401(a)(17) or 402(g).
Examples of EXCESS SALARY in a sentence
EXCESS SALARY: By law, none of the funds awarded can be used to pay salary of an individual at a rate in excess of the Executive Level I, which is $181,100 annually.
More Definitions of EXCESS SALARY
EXCESS SALARY. The salary of an individual at a rate in excess of $120,000 per year pursuant to Section 213 of P.L. 101.517.” J. Any food expenses are unallowable with contract funds.