Taxable Compensation definition

Taxable Compensation means the compensation from the Company and its Affiliates as reported in Box l of Form W-2, excluding any compensation received by a Participating Pilot from the Company or its Affiliates for services rendered as a Management Pilot

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Taxable Compensation means the total cash and ---------------------- non-cash remuneration paid to a Participant by

Taxable Compensation means, with respect to a Limitation Year, compensation as defined under Code Section 415(c)(3) and the Treasury Regulations thereunder. For more specificity, “Section 415 Compensation” shall mean compensation reported on Form W-2 within the meaning of Treasury Regulation §1.415(c)-2(d)(4) increased by elective deferrals and other amounts required under Code Section 415(c)(3)(D) to be included in compensation except that amounts excluded from the employee’s gross income under Code Section 132(f)(4) shall not be included in “Taxable Compensation” before the Limitation Year beginning on January 1, 2001. Effective January 1, 2008, an amount is not Taxable Compensation if it is paid after the Participant’s severance from employment unless (i) the Participant is in qualified military service (as defined in Code Section 414(u)), (ii) the Participant is permanently and totally disabled (as defined in Code Section 22(e)(3)), or (iii) the amount is paid by the later of 2-1/2 months after severance from employment or the end of the year that includes the date of severance from employment and is described in Treasury Regulation §1.415(c)-2(e)(3)(ii) or (iii). In no event shall a Participant’s Taxable Compensation for a Limitation Year beginning on or after January 1, 1989 exceed the applicable Code Section 401(a)(17) Limit set forth in Section 1.6(b). .” (The emphasis is not included in the amendment.)

Examples of Taxable Compensation in a sentence

In addition to the Salary set out above, during the term of this Agreement the Executive Director shall receive the Other Taxable Compensation described in the Basic Terms.
Each Participating Pilot’s pro rata share (“Pro Rata Share”) of the amount payable in respect of vested Units on a particular Payment Date shall be calculated as a ratio determined by dividing (i) the portion of Taxable Compensation of the Participating Pilot corresponding to the Applicable Time Period by (ii) the aggregate Taxable Compensation of all Participating Pilots as such compensation is reported for the Applicable Time Period, in each case to four decimal places.
In the event of a Termination (as defined in Section 4(b) below) of the Executive’s employment with the Bank in anticipation of, or within twenty-four (24) months after, a Change of Control, the Bank shall be obligated, subject to the limitation contained in Section 2(d) below, to pay the Executive an amount equal to the Executive’s Average Annual Taxable Compensation (as defined in Section 4(e) below).
Elective CODA Contributions for a Participant who does not make a negative election shall equal ___% (not to exceed 10%) of the Participant's Taxable Compensation for the year or such other percentage elected by the Participant on a deferral agreement.
Approved State Share of Salary: $ (Percentage of state-aided public housing units and units that are leased with state-aided rental vouchers (MRVP and/or AHVP) multiplied by the Salary.) Other Taxable Compensation, if any (include non-monetary compensation such as laptops, cell phones, etc.
Taxable Compensation" for any Plan -------------------- Year is his Total Compensation for such Plan Year less his Before-Tax Contribution and any contributions made at his election to a cafeteria plan as defined in Section 125 of the Code for such Plan Year.
Other Taxable Compensation, if any (include non-monetary compensation such as laptops, cell phones, etc.

More Definitions of Taxable Compensation

Taxable Compensation means, with respect to a Participant for each Limitation Year, compensation as defined under Code Section 415(c)(3) and the Treasury Regulations thereunder. In no event shall a Participant's Taxable Compensation for a Limitation Year beginning on or after January 1, 1989 exceed the applicable Code Section 401(a)(17) Limit set forth in Section 1.6(b)

Taxable Compensation means, with respect to an Employee for a Plan Year, the Employee's wages, salaries, fees for professional services and other amounts received for personal services actually rendered in the course of employment with a Participating Employer to the extent that the amounts are includable in gross income. "Taxable Compensation" includes, but is not limited to, commissions paid salesmen, compensation for services on the basis of a percentage of profits, commissions on insurance premiums, tips, bonuses, fringe benefits, reimbursements, expense allowances, and amounts received under an unfunded nonqualified plan in the year the amounts are includable to gross income. Taxable Compensation does not include contributions made by the Participating Employer to a plan of deferred compensation to the extent that, before the application of the Code Section 415 limitations to that plan, the contributions are not includable in the gross income of the Employee for the taxable year in which contributed; distributions from a plan of deferred compensation (other than amounts under an unfunded nonqualified plan in the year the amounts are includable in gross income); or other amounts that receive special tax benefits, such as premiums for group term life insurance (but only to the extent that the premiums are not includable in the gross income of the Employee). "Taxable Compensation" also includes Salary Deferral Contributions made on behalf of the Employee for the Plan Year and amounts that would have been payable to the Employee during the Plan Year in the absence of a salary deferral agreement but are excluded for gross income pursuant to Code Sections 125, 457, or 402(g).

Taxable Compensation in Sections 2.3(a)(i), 2.3.(a)(ii), and 2.3(b)(ii) is changed to “Compensation”.

Taxable Compensation means wages, salaries and professional fees paid by the Employer and all Related Companies (and, for Section 10.4, all other Controlled Employers) to the Employee for his services as an Employee during the relevant period, including sales or insurance commissions, compensation based on a profits percentage, tips and bonuses, plus the Employee's elective deferrals under section 402(g) of the Code and amounts contributed or deferred by the Employee pursuant to sections 125, 132(f), or 457 of the Code. "Taxable Compensation" shall not include: (i) benefits received or made available to the Employee under a Tax-Qualified Plan (except to the extent provided in the preceding sentence); (ii) contributions made on behalf of an Employee to a simplified employee pension plan to the extent they are deductible by the Employee under section 219(b) of the Code; (iii) amounts taxable to the Employee under Code section 83 in connection with nonqualified stock options or restricted property received as compensation for services and amounts realized from the disposition of stock acquired under qualified stock options; and (iv) any other remuneration items eligible for special tax benefits (to the extent those tax benefits apply), such as group life insurance premiums under Code section 79, tax-sheltered annuity contributions under Code section 403(b) and health insurance premiums or benefits. This definition is to be interpreted to include all remuneration described in Treasury Regulations ss.1.415-2(d)(2)(i) and to exclude all items described in U.S. Treasury Regulations ss.1.415-2(d)(3). [This term is primarily used for determining Maximum Annual Additions; see, also, the definition of "Pay" in Section 5.1.]

Taxable Compensation means the W-2 compensation paid to an individual for Service during any period under consideration.

Taxable Compensation means the total cash and non-cash remuneration paid to a Participant by the Employer or an Affiliate for services rendered during the Plan Year, but excluding: