Plan Compensation means wages that are shown as taxable wages on your IRS Form W-2. For any self-employed individual, Plan Compensation will mean earned income.
Plan Compensation means all compensation paid by the Corporation or any subsidiary to an employee through their respective payroll systems for services as an employee, including wages, salary, incentive compensation and bonuses, but excluding therefrom profit sharing payments, stock incentive program payments and all other fringe benefit payments.
Plan Compensation means the excess (if any) of:
Examples of Plan Compensation in a sentence
If a Leased Employee is treated as an Employee by reason of this Section 1.31 of the Plan, "Compensation" includes Compensation from the leasing organization which is attributable to services performed for the Employer.
For any Self-Employed Individual covered under the Plan, Compensation will mean Earned Income.
Effective January 1, 2016, notwithstanding any other provision of the Plan, Compensation payable by the portfolio series listed on Appendix B shall no longer be eligible for deferral under the Plan.
The Employer will deposit any amounts withheld from a Participant’s Plan Compensation as Salary Deferrals into the Participant’s Salary Deferral Account under the Plan.
The date of the first default Salary Deferral is the date that the Plan Compensation from which such Salary Deferrals are withheld would otherwise have been included in gross income.
More Definitions of Plan Compensation
Plan Compensation means most taxable income received from the Employer as specified in IRS regulations. For any self-employed individual, Plan Compensation will mean earned income.
Plan Compensation means average compensation while an employee of Old American Insurance Company (during all periods of employment after the employee’s eighteenth birthday) for the five consecutive calendar years during the last ten calendar years ending December 31, 1991 which produces the highest average compensation. If a participant has completed less than five years of service, Plan Compensation shall be the average compensation for his entire period of service. If the employee works a fractional year in the last ten calendar years of participation, the compensation for such fractional year shall be multiplied by the ratio of 1,000 hours to the number of hours worked in such year, such ratio not being less than one.
Plan Compensation means Total Compensation described in subparagraph (c)(i)), but excluding reimbursements or other expense allowances, fringe benefits (cash and noncash), moving expenses, bonuses, long-term and short-term incentive compensation, deferred compensation and welfare benefits, and including elective contributions. Plan Compensation applies to determine a Participant's benefit formula and Accrued Benefit under Article V.
Plan Compensation means (select (a), (b) or (c)):
Plan Compensation means the Participant’s Cash Compensation in excess of the IRS compensation limit under Section 401(a)(17) of the Code.
Plan Compensation means a Participant’s wages including all remuneration paid to an Employee by the Employer (in the course of the Employer’s trade or business) for which the Employer is required to furnish the Employee a written statement under Code Sections 6041(d), 6051(a)(3) and 6052. Such amount must be determined without regard to any rules that limit the remuneration included in wages based on the nature or location of the employment or the services performed. For purposes of applying the limitations of this paragraph, compensation paid or made available during a Limitation year shall include any elective deferral (as defined in Code Section 402(g)(3)) or Roth elective deferrals, and any amount which is contributed or deferred by the Employer at the election of the Employee and which is not includible in the gross income of the Employee by reasons of Code Sections 125, 132(f)(4), 402(e)(3), 402(h)(1), 403(b), or 457. Plan Compensation shall exclude differential wage payments and certain fringe benefits including: reimbursements or other expense allowances, fringe benefits (cash and noncash), moving expenses, deferred compensation, and welfare benefits, even if includable in gross income. Plan Compensation in excess of $265,000 (as indexed after 2015 pursuant to Section 401(a)(17)(B) of the Code) shall be disregarded for all Participants. For purposes of the limit in the preceding sentence, Plan Compensation shall be prorated over short Plan Years, and only compensation for the portion of the Plan Year during which the individual was a Participant shall be taken into account.
Plan Compensation means all compensation as defined in Code Section 415(c)(3). In general, Code Section 415(c)(3) defines compensation as all of an Employee's wages as defined in Code Section 3401(a) for the 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 the services performed (such as the exception for agricultural labor in Code Section 3401(a)(2)); provided, however, Plan Compensation shall also include the amount of any elective deferrals, as defined in Code Section 402(g)(3), and any amount contributed or deferred by the Employer at the election of the Employee and which is not includible in the gross income of the Employee by reason of Code Section 125, 403(b), 132(f)(4), 401(k), or 457(b). Plan Compensation for a Plan Year includes compensation paid by the later of (i) 2½ months after an Employee's Severance from Employment, or (ii) the end of the Plan Year that includes the date of the Employee's Severance from Employment, if: