Similar Plan definition
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.