Plan Earnings definition

Plan Earnings means “Earnings” as defined in Section 1.1(k) of the Commerce Retirement Plan, but determined without regard to the limitation on compensation pursuant to Code section 401(a)(17), and determined without regard to any election by the Participant to defer all or part of his bonus or other compensation payable in a Plan Year under a nonqualified deferred compensation plan maintained by an Employer.

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Plan Earnings means notional interest as determined under Section 6(b) or notional dividends or other distributions with respect to shares as determined under Section 6(c).

Plan Earnings means, notwithstanding the Retirement Plan’s definition of Earnings, for purposes of determining a Participant’s accrued benefit under the Plan, a Participant’s regular base salary or wages received for services rendered to the Company, including base salary deferred under the Company’s Senior Management Deferred Compensation Plan, and amounts deferred pursuant to Code Section 125, 401(k), 402(e)(3), 402(h) or 403(b) which if paid, would have been Plan Earnings. Plan Earnings do not include commissions, overtime, bonuses, premium payments, incentive payments, restricted stock awards, bargain element on stock options (which, for purposes of clarification, includes payment of the bargain element upon the cancellation of stock options), special amounts or payments, indemnities, or Separation Pay Plan payments.

Examples of Plan Earnings in a sentence

The parties agree that this assignment pay will be considered in the determination of the recipient’s Supplemental Firefighter’s Retirement Plan Earnings Base as defined in City Code section 22-196 through the length of this agreement.
The parties agree that this assignment pay will be considered in the determination of the recipient’s Supplemental Firefighter’s Retirement Plan Earnings Base as defined in City Code section 22-196 beginning on January 1, 2020 and continuing through the length of this agreement.
Additionally, the parties have agreed to enhance pension benefits effective January 1, 2020 by including certain assignment pays pursuant to Article 21 in the determination of the recipient’s Supplemental Firefighter’s Retirement Plan Earnings Base as defined in City Code.
RSUs credited to Director’s RSU Subaccount shall be credited with Plan Earnings in the form of additional Restricted Stock Units in accordance with Section 6.02 of the Director Deferred Plan.
A Segregated Account is an Account the Plan Administrator establishes and maintains or directs the Trustee to establish and maintain for a Participant: (i) as the result of a cash-out repayment under Section 5.04; (ii) to facilitate installment payments under Section 6.03; (iii) to hold a QDRO amount under Section 6.05; (iv) to prevent a distortion of Plan Earnings allocations; or (v) for such other purposes as the Plan Administrator may direct.
In addition to the foregoing, members of the Plan may make additional contributions to the Plan as they so desire, as long as the total contributions allocated to each member (employer contributions, employee required contributions, and additional voluntary contributions) in a calendar year do not exceed the lesser of eighteen percent (18%) of the employee’s Plan Earnings and the money purchase limit prescribed under the Income Tax Act (Canada) for such calendar year.
Further, a list of members from whom the contributions were collected along with the amount of contributions and Plan Earnings for each member shall be forwarded by the Employers to the Trust Employer and shall do so not later than twenty-one (21) days after the end of the calendar year.
Effective December 6, 2004, it is agreed that all employees of the Employers party to this Agreement, who are or become members of the Plan in accordance with 32.04 (1) & (2) below shall contribute to same at a rate of three and one half percent (3½%) of Plan Earnings.
Effective December 6, 2004, it is agreed that all Employers party to this Agreement shall contribute to The B.C. Fruit Industry Pension Plan (“the Plan”) at a rate of three and one-half percent (3 ½%) of Plan Earnings in respect of all employees in the Bargaining Unit who are or become members of the Plan in accordance with 32.04 (1) & (2) below.
Effective January upgrade pensions accrued for service prior to on the basis of earningsand the Canada Pension Plan Earnings ceiling.

More Definitions of Plan Earnings

Plan Earnings means for each calendar year (i) the base salary paid to a Participant for personal services actually rendered to the Companies for such year and the annual cash incentive bonus paid to the Participant pursuant to the Company's annual incentive bonus plan and (ii) the Participant's elective deferrals under any cafeteria plan maintained by the Companies under Section 125 of the Code, the Deferred Compensation Plan, the Oneida Ltd. 401(k) Savings Plan or any similar pension, welfare, deferred compensation plan or other plan designated by the Plan Administrator.

Plan Earnings means, notwithstanding the Retirement Plan's definition of Earnings, for purposes of determining a Participant's accrued benefit under the Plan, a Participant's regular base salary or wages received for services rendered to the Company, including bonuses and incentive payments based on services completed on or after January 1, 1997, base salary deferred under the Company's Senior Management Deferred Compensation Plan, Separation Pay Plan payments, and amounts deferred pursuant to Code Section 125, 401(k), 402(e)(3), 402(h) or 403(b) which if paid, would have been Plan Earnings. Plan Earnings do not include commissions, overtime, premium payments, restricted stock awards, bargain element on stock options, special amounts or payments, or indemnities.