Similar Plan definition

Similar Plan means a plan required to be aggregated with this Plan under Treasury Regulation Section 1.409A-1(c)(2)(i)(A).
Similar Plan means a "Governmental Plan" within the meaning of Section 3(32) of ERISA, a non-U.S. Plan described in Section 4(b)(4) of ERISA, a "Church Plan" within the meaning of Section 3(33) of ERISA that has made no election under Section 410(d) of the Code or an employee benefit plan that is not a Benefit Plan Investor; and
Similar Plan means the Canada Pension Plan. This similar plan covers persons having worked outside Québec and has similar provisions to the Québec Pension Plan.

Examples of Similar Plan in a sentence

  • Notwithstanding the foregoing, an employee who first becomes an Eligible Employee during a Plan Year may make an initial Deferral Election for the deferral of Salary or Bonus, provided that such Eligible Employee has not previously become eligible to participate in this or any Similar Plan.

  • An employee who first becomes an Eligible Employee during a Plan Year may make an initial Deferral Election for the deferral of some or all of his or her Special Awards, provided that such Eligible Employee has not previously become eligible to participate in this or any Similar Plan.

  • Notwithstanding the foregoing, an individual who first becomes an Eligible Director during a Plan Year may make an initial Deferral Election for deferral of Retainers and Fees under this Plan within thirty days after the date the individual becomes an Eligible Director, provided that such Eligible Director has not previously become eligible to participate in this or any Similar Plan.

  • Notwithstanding the foregoing, an employee who first becomes an Eligible Employee during a Plan Year may make an initial Deferral Election for the deferral of some or all of his or her Qualifying Awards, provided that such Eligible Employee has not previously become eligible to participate in this or any Similar Plan.

  • The City also invested in U.S. Government Treasuries, Federal Farm Credit Bank, Federal Home Loan Mortgage Corporation and Federal National Mortgage Association.

  • No Auto-Enrollment if Similar Plan Not Available; Allow an Additional SEP to select new plan: There is no automatic enrollment if there is no similar plan available.

  • The Committee may, in its discretion, extend the application of this Section 3.2(d) to one or more individuals who were formerly eligible to participate in the Plan or any Similar Plan but who ceased to be so eligible and who may be treated as newly eligible Directors under Treasury Regulation §1.409A-2(a)(7).

  • Notwithstanding the foregoing, an employee who first becomes a STI Deferral Eligible Employee during a Plan Year, but after the beginning of the performance period, may elect to defer up to 60% of the portion of his/her STI Award payable with respect to services performed after the election, provided that such STI Deferral Eligible Employee has not previously become eligible to participate in this or any Similar Plan.

  • Worker Perspective: Saving for Retirement (in an Employer-Sponsored Plan and/or Outside of Work) Among Those Offered a 401(k) or Similar Plan (%) Among Those Not Offered a 401(k) or Similar Plan (%) 89 89 88 8849504938 WORKER BASE: CURRENTLY OFFERED QUALIFIED PLAN/ NOT CURRENTLY OFERED QUALIFIED PLANQ1190.

  • Notwithstanding the foregoing, an employee who first becomes a Base Salary Deferral Eligible Employee during a Plan Year may elect to defer a percentage, not to exceed 60%, of his/her Base Salary payable with respect to services performed during that Plan Year, provided that such Base Salary Deferral Eligible Employee has not previously become eligible to participate in this or any Similar Plan.


More Definitions of Similar Plan

Similar Plan means a plan required to be aggregated with this Plan under Treas. Reg. §1.409A-1(c)(2)(i).
Similar Plan has the meaning ascribed thereto in Section 3.1(j)(vii).

Related to Similar Plan

  • Plan means any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which the Borrower or any ERISA Affiliate is (or, if such plan were terminated, would under Section 4069 of ERISA be deemed to be) an "employer" as defined in Section 3(5) of ERISA.

  • BCDR Plan means the plan consisting of general business continuity and disaster recovery principles, the Business Continuity Plan and Disaster Recovery Plan as further described in paragraph 1.2 of Schedule 2- 14.

  • SIP means Session Initiation Protocol.