Plan Compensation definition
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 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) two and one-half 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:
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.
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.
Plan Compensation is Total Compensation (as defined in AA §5-1 above) with the following exclusions described below.
A discretionary contribution determined as a uniform percentage of Plan Compensation or a uniform dollar amount for each period of service designated below.
For any Self-Employed Individual covered under the Plan, Compensation means Earned Income.
More Definitions of Plan Compensation
Plan Compensation means wages that are subject to withholding under the federal income tax withholding rules. For any self-employed individual, Plan Compensation will mean earned income.
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 the excess (if any) of:
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 all cash payments made by the Corporation or any Affiliate to an Employee through its payroll system for services as an employee including, without limitation, wages, salary, incentive compensation, bonuses and profit sharing payments.
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 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.