Scheme pays election definition

Scheme pays election means a member giving the administering authority notice of joint and several liability under section 237B of the Finance Act 2004(26) in respect of the member’s annual allowance charge;
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Scheme pays election means a member giving the Committee notice of joint and several liability under section 237B of the 2004 Finance Act in respect of the member's annual allowance charge;
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Examples of Scheme pays election in a sentence

  • Regulation 4(5)(f) and corresponding 4(6)(f) provide that, for the purpose of calculating the provisional assumed benefits and the provisional underpin amount, the active member’s account at the underpin date, should be adjusted to take account of any pension debit or Scheme pays election the member has made.▪ As the debits are deducted equally from both the provisional underpin amount and provisional assumed benefits, we think the same outcome could be achieved by not taking making the adjustment.

  • Scheme pays election and deadlines If you want us to pay your annual allowance charge to HMRC you need to complete the scheme pays election notice (SPE2) available on our website - please ensure you use the current version of the election notice.

  • Regulation 4(5)(f) and corresponding 4(6)(d) provide that, for the purpose of calculating the provisional assumed benefits and the provisional underpin amount, the active member’s account at the underpin date, should be adjusted to take account of any pension debit or Scheme pays election the member has made.

Related to Scheme pays election

  • Deferral Election means the Participant’s election under Section 3.1 to defer all or a portion of his or her Compensation.

  • 10) Election has the meaning set forth in Section 6.05(a).

  • Deferral Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the amount of the Deferrals.

  • LCA Election has the meaning specified in Section 1.09(a).

  • Election Form means the form established from time to time by the Committee that a Participant completes, signs and returns to the Committee to make an election under the Plan.

  • Deferral Year means each calendar year during which the Director makes, or is entitled to make, Compensation Deferrals under Section 3 hereof.

  • Elective Deferral means the portion of Compensation which is deferred by a Participant under Section 4.1.

  • Election cycle means the period beginning on the first day persons are eligible to

  • Section 336(e) Election has the meaning set forth in Section 7.06.

  • 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.

  • Primary election means any regular primary election held under the election

  • Distribution Election With respect to any Series, as specified in the related Supplement.

  • Distribution Election Form means the form established from time to time by the Plan Administrator that the Director completes, signs and returns to the Plan Administrator to designate the time and form of distribution.

  • Deferral Contribution means any contribution made to the Plan by the Employer in accordance with the provisions of Section 5.03.

  • Deferral Agreement means an irrevocable agreement entered into between a Nonemployee Director and the Company to authorize the Company to reduce the amount of the Nonemployee Director’s Annual Retainer and credit the amount of such reduction to the Plan consistent with the requirements of Section 409A of the Code. A Deferral Agreement shall contain such provisions, consistent with the provisions of the Plan, as may be established from time to time by the Company or the Board, including without limitation:

  • Eligible elector means a person who meets the specific requirements for voting at a specific election or for a specific candidate, ballot question, or ballot issue. If no specific provisions are given, an eligible elector shall be a registered elector, as defined in subsection (35) of this section.

  • Salary reduction plan means a benefit plan whereby state and

  • Payment Election means an election pursuant to Section 5.1.

  • Election campaign means any campaign in support of or in

  • Plan Year means the calendar year.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Deferral Period has the meaning set forth in Section 3(i) hereof.

  • Safe Harbor Election has the meaning set forth in Section 10.2(d).

  • Deferral means the amount or amounts of a Participant’s Compensation deferred under the provisions of Section 3.

  • Deferral Notice has the meaning set forth in Section 3(i) hereof.

  • Election Year means a year in which ordinary elections for local governments are required to be held;