Prior Profit Sharing Plan definition

Prior Profit Sharing Plan means the amended and restated Source Services Corporation Employees' Profit Sharing Plan which was originally adopted in 1974. Effective as of October 1, 1997, the Company merged the Prior Profit Sharing Plan into this Plan which is a continuation of the Prior Profit Sharing Plan.
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Prior Profit Sharing Plan means the Yellow Freight Profit Sharing Plan, as in effect on December 31, 1994. The effective date of the Prior Profit Sharing Plan is January 1, 1962.
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Prior Profit Sharing Plan means the plans formally referred to as the Titan Systems, Inc. Profit Sharing Plan, as amended from time to time and/or the Titan Corporation Savings and Investment Plan effective April 1, 1986, as amended from time to time.
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Examples of Prior Profit Sharing Plan in a sentence

  • If the Prior Plan was a Profit Sharing Plan, the "Maximum Prior Profit Sharing Plan Benefit" shall be calculated on the basis of the Participant's account balance in the Prior Plan as of the date immediately preceding the Effective Date of his Employer's adoption of this Plan with interest, compounded annually, at five percent (5%) to his Normal Retirement Date.

  • A Participant who has been credited with two Years of Service shall have a 25% vested interest in his New Matching Contribution Account, Discretionary Contribution Account, Pre-1997 Matching Contribution Account, Prior Metpath Plan Account, Prior Partnership Plan Account and Prior Profit Sharing Plan Account.

  • Prior Profit Sharing Plan means the following plans: (a)Meuche, Hickman and Snow Agency, Inc.

  • An Individual Account is established for each Participant and is comprised of an Employer Contribution Account, a Matching Account, an Elective Account, a Salary Reduction Contribution Account, a Voluntary Employee Contribution Account, a Pension Rollover Account or Prior Profit Sharing Plan Account, if applicable, a Restricted Rollover Account and a Non- Restricted Rollover Account.

  • The Trustee shall allocate to and invest as part of each Investment Fund the Contributions and assets held in Prior Profit Sharing Plan Accounts or Pension Accounts, if applicable, in accordance with the direction of the Plan Administrator.

  • All requests for changes in the investment of amounts held in the Matching Accounts, Employer Contribution Accounts, Salary Reduction Contribution Accounts, Pension Rollover Accounts or Prior Profit Sharing Plan Accounts, if applicable, and Non-Restricted Rollover Account and Restricted Rollover Account and on and after January 1, 1992, Elective Accounts shall be addressed in writing to the Plan Administrator.

  • Prior Profit Sharing Plan Account means the portion of the Individual Account established on behalf of an employee who was a participant in any of the Prior Profit Sharing Plans to hold the amount attributable to his account balance as of the last day of the applicable plan year which began in 1982, in accordance with the provisions of such plans and the proportionate share of the Adjustment attributable to the Prior Profit Sharing Plan Account.

  • Voluntary Employee Contribution Account means that portion of a Participant's Individual Account attributable to his own after-tax Voluntary Employee Contributions previously made to the Plan pursuant to Section 3.07, any voluntary contributions previously made to any Prior Profit Sharing Plan or Prior Pension Plan and any interest thereon which was transferred to this Plan, and the Participant's proportionate share of the Adjustment attributable to his Voluntary Employee Contribution Account.

  • Any Employee who is eligible to participate in the Thrift Plan and whose annual base salary including amounts not currently includible in gross income under Code sections 125, 401(k) or 402(a)(8) but excluding special pay, bonuses or other incentive pay, reimbursement for expenses, special supplements for automobile or club dues and the Prior Profit Sharing Plan Bonus ("Base Salary") as of January 1, 1995 is equal to or greater than $150,000 shall be a Participant in this Plan as of January 1, 1995.

  • In circumstances where it becomes necessary to reduce the number of employees, such as budget constraints, elimination of certain responsibilities or for any other reason, every effort will be made to determine the positions to be eliminated in the most fair and equitable methodpossible.

Related to Prior 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.

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

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

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

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

  • Excess Elective Deferrals means the amount of Elective Deferrals (as defined below) for a calendar year that the Participant designates to the Plan pursuant to the following procedure. The Participant’s designation: shall be submitted to the Administrator in writing no later than March 1; shall specify the Participant’s Excess Elective Deferrals for the preceding calendar year; and shall be accompanied by the Participant’s written statement that if the Excess Elective Deferrals is not distributed, it will, when added to amounts deferred under other plans or arrangements described in Section 401(k), 408(k) or 403(b) of the Code, exceed the limit imposed on the Participant by Section 402(g) of the Code for the year in which the deferral occurred. Excess Elective Deferrals shall mean those Elective Deferrals that are includible in a Participant's gross income under Section 402(g) of the Code to the extent such Participant's Elective Deferrals for a taxable year exceed the dollar limitation under such Code section.

  • 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.

  • Car sharing period means the period of time that:

  • 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 Managing Member 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.

  • HACCP plan means a written document that delineates the formal procedures for following the hazard analysis and critical control point principles developed by the National Advisory Committee on Microbiological Criteria for Foods.

  • Matching Contribution means an Employer contribution made to this or any other Defined Contribution Plan on behalf of a Participant on account of an Employee Contribution made by such Participant, or on account of a Participant's Employee Elective Deferral, under a plan maintained by the Employer.

  • 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.

  • Matching Contributions means contributions made by the Employer on account of an "eligible Participant's" Elective Deferrals.

  • Flexi Plan means any individual indemnity hospital insurance plan under the VHIS framework with enhancement(s) to any or all of the protections or terms and benefits that the Standard Plan provides to the Policy Holder and the Insured Person, subject to certification by the Government. Such plan shall not contain terms and benefits which are less favourable than those in the Standard Plan, save for the exception as may be approved by the Government from time to time.

  • Company 401(k) Plan has the meaning set forth in Section 6.4(e).

  • 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.

  • Nonqualified Deferred Compensation Rules means the limitations or requirements of Section 409A of the Code, as amended from time to time, including the guidance and regulations promulgated thereunder and successor provisions, guidance and regulations thereto.

  • Plan Year means the calendar year.

  • 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 value in the aggregate as are payable thereunder prior to a Change in Control.

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

  • 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.

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Multiple employer welfare arrangement means a “multiple employer welfare arrangement” within the meaning of Section 3(40) of ERISA.

  • Deferred Plan means a trust governed by a registered retirement savings plan, registered retirement income fund, registered education savings plan or tax-free savings account.

  • Deferral Plan means the UGI Corporation 2009 Deferral Plan.