Includable Compensation definition

Includable Compensation means the compensation described in Section 10.2(n).

Includable Compensation means an Employee’s wages as defined in Code section 3401(a) for purposes of income tax withholding at the source (but determined without regard to any rules that limit the remuneration included in wages based on the nature or location of the employment or services performed) that are paid to a Participant by the Participating Employers. In addition, Compensation includes any contributions made by the Participating Employers on behalf of an Employee pursuant to a deferral election under any employee benefit plan containing a cash or deferred arrangement under Code section 401(k), any amounts that would have been received as cash but for an election to receive benefits under a cafeteria plan meeting the requirements of Code section 125 and any elective amounts that are not includible in the gross income of the Employee by reason of Code section 132(f)(4). The annual Includable Compensation of an Employee taken into account for any purpose will not exceed $230,000 for any Plan Year beginning after December 31, 2007, as adjusted for cost-of-living increases in accordance with Code section 401(a)(17).

Includable Compensation means the compensation described in Section 11.2(g).

Examples of Includable Compensation in a sentence

• The Executive's Base Amount shall equal the average of the Executive's Includable Compensation for the two whole calendar years immediately preceding the date of the Change of Control (or, if the Executive was employed by the Company for only one of those years, his Includable Compensation for that year).

• For any Plan Year in which the Plan is a Top-Heavy Plan, each Participant who is not a Key Employee will receive an allocation of Participating Employer contributions and forfeitures of not less than the lesser of 3% of his Includable Compensation for such Plan Year or the percentage of Includable Compensation that equals the largest percentage of Participating Employer contributions (including Deferral Contributions) and forfeitures allocated to a Key Employee.

• The Minimum Allocation applies even though under other Plan provisions the Participant would not otherwise be entitled to receive an allocation, or would have received a lesser allocation for the Plan Year because (i) the non-Key Employee fails to make mandatory contributions to the Plan, (ii) the non-Key Employee's Includable Compensation is less than a stated amount, or (iii) the non-Key Employee fails to complete 1,000 Hours of Service in the Plan Year.

• The Minimum Allocation applies even though under other Plan provisions the Participant would not otherwise be entitled to receive an allocation, or would have received a lesser allocation for the Plan Year because (i) the non-Key Employee fails to make mandatory contributions to the Plan, (ii) the non-Key Employee’s Includable Compensation is less than a stated amount, or (iii) the non-Key Employee fails to complete 1,000 Hours of Service in the Plan Year.

• As soon as is administratively feasible after the end of the Limitation Year, the Maximum Annual Addition for the Limitation Year will be determined on the basis of the Participant's Includable Compensation for the Limitation Year.

More Definitions of Includable Compensation

Includable Compensation means the Employee's actual wages in box 1 of Form W-2 for a year for services to the State, as defined in section 457(e)(5) of the Code.

Includable Compensation means your com- pensation from the City reported to the United States Internal Revenue Service for federal in- come tax purposes, reduced by deferrals under this plan and payments made on your behalf for retirement system purposes under Ordinance 1119921 and 26 USC § 414(h). It is determined

Includable Compensation means Statutory Compensation limited each year by the Maximum Compensation Limitation.

Includable Compensation means Compensation which is currently includable in gross income for federal income tax purposes, taking into account the provisions of, and adjustments specified in, Section 457 of the Code.

Includable Compensation shall have the meaning set forth in Internal Revenue Code Section 403(b)-1(f).

Includable Compensation means the Participant’s compensation as defined by Code Section 415(c)(3), that is, Compensation before any deferral under Code Section 125 (relating to benefits provided under a cafeteria plan), Section 132(f) (relating to qualified transportation fringe benefits), Section 457(a) (relating to amounts deferred under this Plan), Section 403(b) (relating to contributions for annuity contracts), Section 105(d) (relating to certain disability payments), Section 414(h) (relating to employee contributions to a government plan), or Section 911 (relating to foreign earned income). Compensation is taken into account at its fair market value if paid on other than money, and it is determined without regard to community property laws.

Includable Compensation means the Employee’s compensation in the amount reported by the Employer or any Controlled Group Member as “Wages, tips, other compensation” for purposes of Internal Revenue Service Form W-2, Box 1, or any successor method of reporting under Code section 6041(d).