Tax-Qualified Retirement Plan definition

Tax-Qualified Retirement Plan means a retirement plan that qualifies for favorable federal income tax treatment under Sections 401(a), 401(k), 403(a), 403(b), 408(k), or 408(p) of Title 26 of the United States Code. An employer-provided payroll deduction IRA program that does not provide for automatic enrollment is not a Tax-Qualified Retirement Plan.
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Tax-Qualified Retirement Plan means a retirement plan that qualifies for favorable federal income tax treatment under Internal Revenue Code Sections 401(a), 401(k), 403(a), 403(b), 408(k), or 408(p). An employer-provided payroll deduction IRA program that does not provide for automatic enrollment is not a Tax-Qualified Retirement Plan.
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Tax-Qualified Retirement Plan means a retirement plan that qualifies for favorable federal income tax treatment under Internal Revenue Code Sections 401(a), 401(k), 403(a), 403(b), 408(k), or 408(p), including a multiemployer plan, Simplified Employee Pension, Savings Incentive Match Plan for Employees IRA, and an Employer-provided automatic enrollment payroll deduction IRA.
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Examples of Tax-Qualified Retirement Plan in a sentence

  • An employer-provided payroll deduction IRA program that does not provide for automatic enrollment is not a Tax-Qualified Retirement Plan.

  • Exempt Employer” means an Employer that either (i) has fewer than five employees, as determined under the methodology described in Section 10003(a) of these regulations; o) 10001(a); (ii) maintains or contributes to a Tax-Qualified Retirement Plan; or (iii) is the federal government, theany state, any of the state’s units or instrumentalities, any county, any municipal corporation, any foreign government, or any other government entity, unit, or instrumentality.

  • Exempt Employer” means an Employer that either (i) has fewer than five employees, as determined under the methodology described in Section 10003(ba) of these regulations;(ii) maintains or contributes to a Tax-Qualified Retirement Plan for at least one Eligible Employee; or (iii) is the federal government, the state, any of the state’s units or instrumentalities, any county, any municipal corporation, or any other government entity, unit, or instrumentality.

  • Potential Savings From Tax-Qualified Retirement Plan ContributionsCorporate taxpayers are generally eligible to take a tax deduction for contributions made to tax-qualified retirement plans, subject to certain limits.

  • In the event any of the aforementioned Code Sections prevents a Participant from receiving either Company contributions or forfeitures under any such Tax-Qualified Retirement Plan, the Company shall credit an amount equal to the amount of such contributions or forfeitures of such Restricted Benefits to the Company Contribution Account maintained on behalf of the Participant pursuant to the provisions of this Article V.

  • An employer- provided payroll deduction IRA program that does not provide for automatic enrollment is not a Tax-Qualified Retirement Plan.

  • The amount of a Participant's Supplemental Retirement Benefit, if any, shall be determined at the time such Participant becomes entitled to receive a retirement benefit under the Tax-Qualified Retirement Plan, or such other time as the Committee shall determine in its sole discretion.

  • Tax-Qualified Retirement Plan: Kodak Retirement Income Plan (KRIP) We fund a tax-qualified defined benefit pension plan known as the Kodak Retirement Income Plan (KRIP) for all U.S. employees.

  • Any other provision hereof to the contrary notwithstanding, the Administrator may, but shall not be required to, direct that any portion or all of the Account otherwise distributable to such Participant be transferred directly to the trustee or other fiduciary of a Tax-Qualified Retirement Plan of a successor employer of the Participant.

  • A ------------------------------------------------ Participant's Supplemental Retirement Benefit shall be paid to him (or in the event of his death, to his beneficiary) at the same time and in the same manner as payment of his retirement benefit under the Tax-Qualified Retirement Plan is made.


More Definitions of Tax-Qualified Retirement Plan

Tax-Qualified Retirement Plan means a retirement plan that meets the requirements of Section 401(a) of the Code.
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Tax-Qualified Retirement Plan means, for purposes of the Program, an employee benefit plan that is qualified under section 401(a), 401(k), 403(a), 403(b), 408(k), 408(p), or 457(b) of the Code.
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Tax-Qualified Retirement Plan means the Profit Sharing Plan of Comshare, Incorporated and all other employee pension plans qualified under Section 401(a) of the Code, as may be maintained by the Company at any time.
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Related to Tax-Qualified Retirement Plan

  • Qualified Retirement means the Participant’s voluntary termination of Service after reaching age 65 and completing 10 years of service with the Company, its Subsidiaries or predecessors.

  • Supplemental Retirement Plan means (i) the Company’s Amended and Restated Supplemental Executive Retirement Plan, (ii) the Company’s Supplemental Management Retirement Plan, (iii) the Company’s Amended and Restated Top Hat Restoration Plan, and (iv) the Company’s Defined Contribution Restoration Plan.

  • Qualifying Retirement means the Employee’s voluntary termination of employment after the Employee has (i) attained (X) age sixty-five (65), (Y) age fifty-five (55) with ten (10) Years of Service as a full-time employee of the Partnership or any of its Affiliates, or (Z) an age which, when added to such Years of Service of the Employee equals at least seventy-five (75), and (ii) previously delivered a written notice of retirement to the Partnership and on the date of retirement the Employee has satisfied the minimum applicable advance written notice requirement set forth below: Age at Voluntary Termination Number of Years of Advance Notice 58 or younger 59 60 or older 3 years 2 years 1 year By way of illustration, and without limiting the foregoing, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee later terminates employment at age fifty-nine (59), then the Employee’s retirement at age fifty-nine (59) would not constitute a Qualifying Retirement. However, if (i) the Employee is eligible to retire at age fifty-nine (59) after ten (10) Years of Service, (ii) the Employee gives two (2) years notice at age fifty-eight (58) that the Employee intends to retire at age sixty (60), and (iii) the Employee terminates employment upon reaching age sixty (60), then the Employee’s retirement at age sixty (60) would constitute a Qualifying Retirement.

  • Pre-Retirement Survivor Benefit means the benefit set forth in Article 6.

  • Continuing care retirement community means a residential

  • Approved Retirement means any voluntary termination of employment that occurs on or after the date on which the sum of your age and years of employment with Deluxe and/or its Affiliates equals at least seventy-five (75) and that is approved by the Compensation Committee of the Board.

  • Supplemental Retirement Income Benefit means an annual amount (before taking into account federal and state income taxes), payable in monthly installments throughout the Payout Period. Such benefit is projected pursuant to the Agreement for the purpose of determining the Contributions to be made to the Retirement Income Trust Fund (or Phantom Contributions to be recorded in the Accrued Benefit Account). The annual Contributions and Phantom Contributions have been actuarially determined, using the assumptions set forth in Exhibit A, in order to fund for the projected Supplemental Retirement Income Benefit. The Supplemental Retirement Income Benefit for which Contributions (or Phantom Contributions) are being made (or recorded) is set forth in Exhibit A.

  • Eligible Retirement Plan means an individual retirement account described in Section 408(a) of the Code, an individual retirement annuity described in Section 408(b) of the Code, an annuity plan described in Section 403(a) of the Code, or a qualified trust described in Section 401(a) of the Code, that accepts the Distributee's Eligible Rollover Distribution. However, in the case of an Eligible Rollover Distribution to the surviving Spouse, an Eligible Retirement Plan is an individual retirement account or individual retirement annuity.

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Deferred Retirement Date means, in the case of any Participant who continues in employment after his Normal Retirement Date, the first day of any month following his actual retirement.

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • Disability Retirement Date means the first day of the month following the last day of paid employment;

  • Designated Retirement Account means any retirement plan or account described or qualified under the Internal Revenue Code of 1986, as amended, or a subaccount thereof.

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in value in the aggregate as are payable thereunder prior to a Change in Control.

  • Qualified Benefit Plan has the meaning set forth in Section 3.20(c).

  • Postponed Retirement Date means the first day of the month coincident with or next following a Participant’s date of actual retirement which occurs after his Normal Retirement Date.

  • SERP has the meaning assigned thereto in Section 5(c) hereof.

  • Disability retirement for plan 1 members, means the period

  • Canadian Defined Benefit Pension Plan means a Canadian Pension Plan that contains or has ever contained a “defined benefit provision” as such term is defined in Section 147.1(1) of the Income Tax Act (Canada).

  • Company Pension Plan means each: (a) Company Employee Plan that is an “employee pension benefit plan,” within the meaning of Section 3(2) of ERISA; or (b) other occupational pension plan, including any final salary or money purchase plan.

  • Normal Retirement Date means the later of the Normal Retirement Age or Termination of Employment.

  • Qualified Plan means a Pension Plan that is intended to be tax-qualified under Section 401(a) of the IRC.

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • Public employees retirement system means the retirement plan and program

  • Newly hired employee or “New Hire” means any employee, whether permanent, full-time, or part-time, hired by the Office and who is still employed as of the date of new employee orientation. It also includes all employees who are or have been previously employed by the Office and whose current position has placed them in the bargaining unit represented by CSEA. For those latter employees, for purposes of this article only, the “date of hire” is the date upon which the employees’ employment status changed as such that the employee was placed in the CSEA unit.