Qualified Parking Expenses definition

Qualified Parking Expenses means the following parking expenses, unless such expenses are incurred for any parking on or near property used by the Employee for residential purposes:
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Qualified Parking Expenses means the following parking expenses, unless such expenses are incurred for any parking on or near property used by the Employee for residential purposes: 1. expenses incurred by an Employee to park his or her car on or near the business premises of the Employer; or 2. expenses incurred by an Employee to park his or her car on or near a location from which the Employee commutes to work: 1. By mass transit facilities, whether or not publicly owned; 2. By using the services of any person in the business of transporting persons for compensation or hire, if such transportation is provided in a Commuter Highway Vehicle; 3. By Commuter Highway Vehicle; or 4. By carpool (i.e., two or more individuals who commute together in a motor vehicle on a regular basis).
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Examples of Qualified Parking Expenses in a sentence

  • If an Employee obtains a qualified parking space the monthly limit for Qualified Parking Expenses shall apply to the individual designated as the “prime member” in accordance with Treas.

  • Reimbursements for Qualified Parking Expenses will not exceed the applicable monthly limit described in Code §132(f), Code §132(f), as ad- justed for inflation.

  • Eligible Transportation Expenses include those qualified expenses paid for by the employee to purchase or pay for Commuter Vehicle Expenses or Qualified Parking Expenses.

  • Notwithstanding the above, Qualified Parking Expenses do not include any of the following:• parking on or near property used by the Employee for residential purposes;• the value of parking provided to an Employee that is excludable from his or her gross income as a working condition fringe under Code §132(a)(3); and• reimbursements paid to the Employee for parking costs that are excludable from his or her gross income as an amount paid under an accountable plan under Treas.

  • A Participant can receive benefits in the form of reimbursements for Qualified Parking Expenses (Qualified Parking Benefits), subject to the limits described in Sections 7.6 and 7.7. Any such election must include an election to pay the Eligible Employee's Cost for such benefits on a pre- tax Compensation Reduction basis.

  • This can include a monthly parking pass, a daily fee or coins in a parking meter.• Your election will continue from month to month and year to year unless you change it or terminate employment with the Federal Judiciary.• Reimbursements for Qualified Parking Expenses will not exceed the monthly value set forth in Internal Revenue Code Section 132(f), as adjusted for inflation.Visit http://judiciary.adp.com for more information on the maximum monthly allowance.

  • Reimbursements for Qualified Parking Expenses will not exceed the monthly value as set forth in Code §132(f), as adjusted for inflation.

  • If an Employee obtains a qualified parking space as a result of membership in a car pool or van pool, the monthly limit for Qualified Parking Expenses shall apply to the individual designated as the “prime member” in accordance with Treas.

  • Α Enroll in the QTB Program by completing one of the two Qualified Transportation Benefit Plan Employee Compensation Reduction Election/Agreement Forms (Direct Payment to Vendor for Parking or Employee Reimbursement for Qualified Parking Expenses).

  • If permitted by the Employer, an Eligible Employee can elect to participate in this Plan by electing (a) to receive benefits in the form of reimbursements for Qualified Parking Expenses (Qualified Parking Benefits), subject to the limits described in Section 6.8; and (b) to pay the Participant’s share of the Cost for such benefits on a pre-tax Compensation Reduction basis.

Related to Qualified Parking Expenses

  • Operating Expenses shall include all costs to the Lessor of operating and maintaining the Premises, and shall include, without limitation, real estate and personal property taxes and assessments, management fee(s), heating, air conditioning, HVAC, electricity, water, waste disposal, sewage, operating materials and supplies, service agreements and charges, lawn care, snow removal, restriping, repairs, repaving, cleaning and custodial, security, insurance, the cost of contesting the validity or applicability of any governmental acts which may affect operating expenses, and all other direct operating costs of operating and maintaining the Premises and related parking areas, unless expressly excluded from operating expenses.

  • Basic living expenses means the cost of basic food, shelter, and any other expenses of a Domestic Partner which are paid at least in part by a program or benefit for which the partner qualified because of the Domestic Partnership. The individuals need not contribute equally or jointly to the cost of these expenses as long as they agree that both are responsible for the cost.

  • Operating Expense means salaries, wages, cost of maintenance and operation, materials, supplies, insurance and all other items normally included under recognized accounting practices, but does not include allowances for depreciation in the value of physical property.

  • Base Operating Expenses means the Operating Expenses for the Base Year.

  • Tax Expenses means all federal, state, county, or local governmental or municipal taxes, fees, charges or other impositions of every kind and nature, whether general, special, ordinary or extraordinary, (including, without limitation, real estate taxes, general and special assessments, transit taxes, leasehold taxes or taxes based upon the receipt of rent, including gross receipts or sales taxes applicable to the receipt of rent, unless required to be paid by Tenant, personal property taxes imposed upon the fixtures, machinery, equipment, apparatus, systems and equipment, appurtenances, furniture and other personal property used in connection with the Project, or any portion thereof), which shall be paid or accrued during any Expense Year (without regard to any different fiscal year used by such governmental or municipal authority) because of or in connection with the ownership, leasing and operation of the Project, or any portion thereof.

  • Qualifying Expenditures means those expenditures for energy conservation measures that have a simple payback period of not less than one year and not more than 10 years and expenditures for the above-market costs of new renewable energy resources, provided that the Oregon Department of Energy may establish by rule a limit on the maximum above-market cost for renewable energy that is allowed as a credit.

  • Operating Costs means the incremental expenses incurred by the Recipient on account of Project implementation, management, and monitoring, including for office space rental, utilities, and supplies, bank charges, communications, vehicle operation, maintenance, and insurance, building and equipment maintenance, advertising expenses, travel and supervision, salaries of contractual and temporary staff, but excluding salaries, fees, honoraria, and bonuses of members of the Recipient’s civil service.

  • Project Expenses means usual and customary operating and financial costs. The term does not include extraordinary capital expenses, development fees and other non-operating expenses.

  • O&M Expenses means expenses incurred by or on behalf of the Developer or by the Authority, as the case may be, for all O&M including (a) cost of salaries and other compensation to employees, (b) cost of materials, supplies, utilities and other services, (c) insurance premium, (d) all taxes, duties, cess and fees due and payable for O&M, (e) all repair, replacement, reconstruction, reinstatement, improvement and maintenance costs, (f) payments required to be made under the O&M Contract, or any other contract in connection with or incidental to O&M, and (g) all other expenditure required to be incurred under Applicable Laws, Applicable Permits or this Agreement.

  • qualifying expenditure means, in respect of any Accounting Year or Accounting Half- Year, the aggregate of the costs, expenses and fees described in paragraph 1 of Annex 2 which are incurred during that Accounting Year or Accounting Half-Year, calculated in accordance with paragraphs 2 and 3 of Annex 2;

  • Operating Expenditures means all Partnership Group cash expenditures (or the Partnership’s proportionate share of expenditures in the case of Subsidiaries that are not wholly owned), including taxes, compensation of employees, officers and directors of the General Partner, reimbursement of expenses of the General Partner and its Affiliates, debt service payments, Maintenance Capital Expenditures, repayment of Working Capital Borrowings and payments made in the ordinary course of business under any Hedge Contracts, subject to the following: