Qualified Disability definition

Qualified Disability means a Disability that is also a disability within the meaning of Section 409A(a)(2)(C) of the Code. An individual is generally considered disabled within the meaning of Section 409A(a)(2)(C) of the Code if individual (i) is unable to engage in any substantially gainful activity by reason of a medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than twelve months, or (ii) is, by reason of any medically determinable physical or mental impairment that can be expected to result in death or to last for a continuous period of not less than twelve months, receiving income replacement benefits for a period of not less than three months under an accident and health plan covering employees of the Company. An individual will be deemed to have a Qualified Disability if determined to be disabled in accordance with a disability insurance program that applies a definition of disability that complies with the requirements of Section 409A(a)(2)(C) of the Code or if determined to be totally disabled by the Social Security Administration.
View Source
Qualified Disability means any disability which is ranked in the second or third categories as set out under Article L.341-4 of the French Social Security Code.’ All references to ‘Disability’ in the Agreement shall be replaced with ‘Qualified Disability’.
View Source
Qualified Disability means a Disability that is also a disability within the meaning of Section 409A(a)(2)(C) of the Code.
View Source

Examples of Qualified Disability in a sentence

  • Note that expenses will not be Qualified Disability Expenses if they are incurred at a time when a Beneficiary is not an Eligible Individual.

  • The purpose of this Participation Agreement is to establish an account for the Qualified Disability Expenses of the Account Owner named in the Enrollment Form.

  • Qualified Withdrawal Any withdrawal used to pay for Qualified Disability Expenses.

  • Additionally, during the time the Account Owner is not an Eligible Individual, none of the Account Owner’s expenses will be considered Qualified Disability Expenses.

  • A Qualified Withdrawal is a withdrawal that is solely used to pay the Qualified Disability Expenses of the Beneficiary.

  • Qualified Disability Expenses include any expenses incurred at a time when the Account Owner is an Eligible Individual that relate to the blindness or disability of the Account Owner, and are for the benefit of the Account Owner in maintaining or improving his or her health, independence, or quality of life.

  • An example of a Non-Qualified Withdrawal would be a withdrawal used for anything that is not a Qualified Disability Expense.

  • A Qualified Withdrawal is a withdrawal that is solely used to pay the Account Owner’s Qualified Disability Expenses.

  • Because money in the account may be withdrawn free from federal income tax only if it is used to pay the Account Owner’s Qualified Disability Expenses, you should retain documentation of all of the Account Owner’s Qualified Disability Expenses for your records.

  • If distributions from your account do not exceed your Qualified Disability Expenses for that year, no amount is includible in your gross income.

Related to Qualified Disability

  • Qualified disabled veteran means a business entity that is 51% or more owned by one or more veterans with a service- connected disability.

  • Disability/Disabled means because of Injury or Sickness you are unable to perform the material duties of your Regular Occupation, or are receiving disability benefits under the Employer's plan, during the initial 9 months of Disability. Thereafter, you must be unable to perform all of the material duties of any occupation which you may reasonably become qualified based on education, training or experience, or are subject to the terms of a Rehabilitation Plan approved by the Insurance Company.

  • Qualified disability expenses means that term as defined in section 529A of the internal revenue code.

  • Disability or Disabled means you are unable to perform the usual duties of your job as a result of an illness or an injury. Provided your dependent’s condition is certified by a doctor, he or she will be considered disabled if he or she is unable to perform his or her usual daily activities.

  • Child with a disability means a child who, by reason of any of the following, needs special education and related services: