Lookback Year definition

Lookback Year means the Prior Premium Payment Year.
View Source
Lookback Year means the plan year immediately preceding the Premium Payment Year.
View Source
Lookback Year. Pursuant to Code section 414(q), the Company elects as the Lookback Year the 12 months ending immediately prior to the start of the Plan Year.
View Source

Examples of Lookback Year in a sentence

  • If the 1997 Plan Year was a calendar year, the effect of the Old-Law Calendar Year Election was to treat the Determination Year and the Lookback Year as the same 12-month period.

  • A special election used for determining the Lookback Year in applying the Highly Compensated Employee test under Section 22.99.

  • Unless the Calendar Year Election (or Old-Law Calendar Year Election) applies, the Lookback Year is the 12-month period immediately preceding the Determination Year.

  • If the Plan Year elected under the Agreement is not the calendar year, for purposes of applying the Highly Compensated Employee test under subsection (a)(2) above, the Employer may elect under Part 13, #50.b. of the Agreement [Part 13, #68.b. of the 401(k) Agreement] to substitute for the Lookback Year the calendar year that begins in the Lookback Year.

  • A special election for determining the Lookback Year under the Highly Compensated Employee test that was available only for the 1997 Plan Year.

  • A special election available under section 1.414(q)-1T of the temporary Income Tax Regulations and provided for in Notice 97-45 for the Plan Year beginning in 1997 which permitted the Employer to substitute the calendar year beginning with or within the Plan Year for the Lookback Year in applying subsections (a)(1) and (a)(2) above.

  • If the Plan Year elected under the Agreement is not the calendar year, for purposes of applying the Highly Compensated Employee test under subsection (a)(2) above, the Employer may elect under Part 13, #50.b. of the Agreement [Part 13, #68.b. of the Profit Sharing/401(k) Agreement] to substitute for the Lookback Year the calendar year that begins in the Lookback Year.

  • A special election available under section 1.414(q)-i T of the temporary Income Tax Regulations and provided for in Notice 97-45 for the Plan Year beginning in 1997 which permitted the Employer to substitute the calendar year beginning with or within the Plan Year for the Lookback Year in applying subsections (a)(l) and (a)(2) above.


More Definitions of Lookback Year

Lookback Year. Pursuant to Code section 414(q), the Company elects as the Lookback Year the current calendar year (ending with the Plan Year).
View Source
Lookback Year. Pursuant to Code section 414(q), the Plan Sponsor elects as the Lookback Year the 12 months ending immediately prior to the start of the Plan Year.
View Source

Related to Lookback Year

  • Lookback Date means January 1, 2021.

  • Lookback Period means the three completed fiscal years immediately preceding the Accounting Restatement Date, as well as any transition period (resulting from a change in the Company’s fiscal year) within or immediately following those three completed fiscal years (except that a transition period of at least nine months shall count as a completed fiscal year). Notwithstanding the foregoing, the Lookback Period shall not include fiscal years completed prior to the Effective Date.

  • Lookback Days means such number of U.S. Government Securities Business Days as specified in the applicable Pricing Supplement;

  • Open Year has the meaning specified in Section 4.01(r)(iii).

  • Crop year means any 12 month period which represents the planting, growing, harvesting and marketing of an insurable crop, as stated in the Schedules;