May Profit Sharing Plan definition

May Profit Sharing Plan means and refers to The May Department Stores Company Profit Sharing Plan, a Prior Plan that is merged into the Plan effective as of the Effective Amendment Date (and that is restated by this Plan document as of the Effective Amendment Date) and that immediately prior to its merger was sponsored by Macy’s and identified for reporting purposes by an employer identification number of 13-3324058 and a plan number of 024.
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May Profit Sharing Plan means The May Department Stores Company Profit Sharing Plan.
Sample 1
May Profit Sharing Plan means and refers to The May Department Stores Company Profit Sharing Plan, a Prior Plan that was merged into the Plan effective as of September 1, 2008 and that immediately prior to its merger was sponsored by Macy’s and identified for reporting purposes by an employer identification number of 13-3324058 and a plan number of 024.
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Examples of May Profit Sharing Plan in a sentence

  • Except as is otherwise provided in Subsection 7.12.5 below, a Participant who was a participant in a Prior Plan (other than the May Profit Sharing Plan) on or before March 31, 1997 and who was a Participant in a Prior Plan on August 31, 2008 shall be fully vested at all times in any Matching Account of his or hers.

  • Except as is otherwise provided in, and subject to, the following subsections of this Section 17.3, the provisions of this Plan which deal with investments, allocations of Trust income and losses, vesting, and distributions of amounts that are allocated to any Account under this Plan shall apply to the amounts that are transferred for the benefit of the merged participant from the May Profit Sharing Plan to this Plan and allocated to such Account.

  • The plan year of the May Profit Sharing Plan and the Plan Year of this Plan as of the effective date of the merger of the May Profit Sharing Plan into this Plan are each a calendar year.

  • Notwithstanding the immediately preceding sentence, in no event shall such benefit be paid or commence to be paid prior to the earlier of the date the Participant ceases to be an Employee or the Participant’s Required Commencement Date (unless the Participant’s benefit reflects any amounts attributable to his participation in the May Profit Sharing Plan before the Effective Amendment Date and the Participant attained age 70-1/2 prior to January 1, 1987, in which case this sentence shall not apply).

  • The May Profit Sharing Plan shall be merged into this Plan effective as of the Effective Amendment Date.

  • The requirements of Section 17.2 above (that applies to mergers) shall apply to and be met by the merger of the May Profit Sharing Plan into this Plan.

  • The Participant shall also be credited with years of Vesting Service equal to the number of whole years of vesting service he or she was credited with as of December 31, 2007 under the terms (as then in effect) of the Prior Plans, other than the May Profit Sharing Plan, in which he or she participated prior to the Effective Amendment Date (taking into account the provisions of each such Prior Plan for determining vesting service, including each such plan’s provisions concerning breaks-in-service).

  • Subject to the foregoing provisions of this Section 17.4, upon the merger of the May Profit Sharing Plan into this Plan, this Plan shall be the surviving plan and the provisions herein shall control all aspects of the surviving plan.

  • As a result, such merger shall not be deemed to have changed the plan year of the May Profit Sharing Plan or the Plan Year of this Plan.

  • Notwithstanding any other provision of this Plan to the contrary, any merged participant shall have no less of a vested interest in the portion of any Account under this Plan that is attributable to amounts transferred for the benefit of the merged participant from the May Profit Sharing Plan to this Plan than he or she would have if the May Profit Sharing Plan had continued in effect after August 31, 2008 without change and never merged into this Plan.

Related to May Profit Sharing Plan

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • Thrift Plan means the Financial Institutions Thrift Plan, a qualified and tax-exempt defined contribution plan and trust under Sections 401(a) and 501(a) of the Code, as adopted by the Bank.

  • HACCP plan means a written document that delineates the formal procedures for following the Hazard Analysis Critical Control Point principles developed by The National Advisory Committee on Microbiological Criteria for Foods.

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

  • Incentive Compensation Plan means any plan, agreement or other arrangement that provides for the grant or issuance of equity or equity-based awards and that is now in effect or is hereafter adopted by the Company or the Manager for the benefit of any of their respective employees or other service providers (including directors, advisers and consultants), or the employees or other services providers (including directors, advisers and consultants) of any of their respective Affiliates or Subsidiaries.

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • SERP has the meaning assigned thereto in Section 5(c) hereof.

  • Incentive Compensation Plans means annual incentive compensation plans and long-term incentive compensation plans of the Company, which long-term incentive compensation plans may include plans offering stock options, restricted stock and other long-term incentive compensation.

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;

  • Deferral Plan means the UGI Corporation 2009 Deferral Plan.

  • Matching Contribution means Employer contributions made to this Plan or any other defined contribution plan by reason of Thrift Contributions or Elective Deferrals under this Plan.

  • Company Matching Contributions means any contributions made to the Company Matching Account of a Participant by a Participating Employer as provided for in Section 4.02.

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Matching Contributions means local cash and/or in-kind contributions made by the Contractor, a subcontractor, or other local resources that qualify as match for the Contract funding.

  • Plan Year means the calendar year.

  • Compensation Plan means any program, plan or similar arrangement (other than employment contracts for a single individual) relating generally to compensation, pension, employment or similar arrangements with respect to which any Company, any Affiliate of any Company or any ERISA Affiliate of any of them has any obligation or liability, contingent or otherwise, under any Requirement of Law other than that of the United States.

  • Compensation Plans shall have the meaning set forth in Section 3.11(b).

  • Compensation Year means a period of 12 months expiring 31 March in any year;

  • Company 401(k) Plan shall have the meaning set forth in Section 4.11(f).

  • Investment Plan means the document in terms of which the special purpose vehicle will invest in unlisted investments and all matters incidental thereto;

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.