Voluntary Compliance Program definition

Voluntary Compliance Program means any voluntary compliance resolution program or similar voluntary settlement program administered by the Internal Revenue Service or Department of Labor of the United States, including, but not limited to, the Employee Plans Compliance Resolution System, the Self Correction Program, the Audit Closing Agreement Plan, the Delinquent Filer Voluntary Compliance program and the Voluntary Fiduciary Correction program.
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Voluntary Compliance Program means the Voluntary Compliance Resolution Program (VCR) (Rev. Proc. 92-89) or the Walk-In Closing Agreement Program (Walk-in CAP), both described in the Employee Plans Compliance Resolution System, (EPCRS) (IRS Rev. Proc. 98-22), as amended, or the Tax Sheltered Annuity Voluntary Correction Program (TVC) (Rev. Proc. 95-24).
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Voluntary Compliance Program means any voluntary compliance resolution program or similar voluntary settlement program administered by the DOL, IRS, PBGC or other similar governmental authority or any similar program administered by any governmental authority located outside the United States of America, to correct any inadvertent non-compliance by a Plan, including, but not limited to:
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Examples of Voluntary Compliance Program in a sentence

  • The Department of Labor also maintains a Delinquent Filer Voluntary Compliance Program under which certain failures to comply with the annual reporting requirements (Form 5500 series) under ERISA may be corrected.

  • National Media further agrees to cause any such filing to be made and civil penalties paid in accordance with the procedures outlined by the U.S. Department of Labor for the Delinquent Filer Voluntary Compliance Program at 60 Federal Register 20874, dated April 27, 1995.

  • If you have questions about the Voluntary Compliance Program, please contact the Department of Revenue as indicated below.

  • No WRI Benefit Plan is the subject of any pending application for administrative relief under any voluntary compliance program of any Governmental Entity (including, without limitation, the IRS' Voluntary Compliance Resolution Program or Walk-in Closing Agreement Program, or the Department of Labor's Delinquent Filer Voluntary Compliance Program).

  • No ONEOK Benefit Plan is the subject of any pending application for administrative relief under any voluntary compliance program of any Governmental Entity (including, without limitation, the IRS' Voluntary Compliance Resolution Program or Walk-in Closing Agreement Program, or the Department of Labor's Delinquent Filer Voluntary Compliance Program).

  • If a taxpayer has used a tax avoidance transaction and is eligible for the Voluntary Compliance Program, but does not participate in the program, the following penalties may apply: $10,000 or imprisonment.

  • The Company shall file any delinquent Form 5500s through the Department of Labor Delinquent Filer Voluntary Compliance Program prior to the Effective Time.

  • No Company Benefit Plan is currently the subject of a submission under IRS Employee Plans Compliance Resolution System, nor under the Department of Labor’s Delinquent Filer Voluntary Compliance Program, and the Company does not anticipate any such submission of any Company Benefit Plan.

  • In the event an IRS Form 5500 has not been timely filed for any Employee Plan for which an IRS Form 5500 is required by the United States Department of Labor, Sellers shall cause the sponsor of any such Employee Plan to prepare and file, prior to the Closing Date, a filing under the Delinquent Filer Voluntary Compliance Program, and shall pay all applicable penalties, to correct this failure for all prior plan years for which an IRS Form 5500 was not timely filed.

  • Bank shall have (i) caused a Cafeteria Plan document under Section 125 of the Code to be in place; (ii) caused Forms 5500-C/Rs for the years 1993 through 1997 to be filed with the Department of Labor and the Internal Revenue Service under the Delinquent Filer Voluntary Compliance Program ("DVCP"), and (iii) paid all penalties associated with such DVCP filings.


More Definitions of Voluntary Compliance Program

Voluntary Compliance Program means any voluntary compliance resolution program or similar voluntary settlement program administered by the U.S. Internal Revenue Service or the U.S. Department of Labor, including but not limited to the Voluntary Correction Program, as described in the Employee Plans Compliance Resolutions System (“EPCRS”), IRS Rev. Proc. 2006‐ 27, as amended, the Voluntary Compliance Resolution Program, the Walk‐In Closing Agreement Program, the Tax Sheltered Annuity Voluntary Correction Program (“TVC”), the Audit Closing Agreement Program, the Administrative Policy Regarding Self‐Correction, the Delinquent Filer Voluntary Compliance Program, or the Voluntary Fiduciary Correction Program.
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Voluntary Compliance Program means a written agreement to correct an inadvertent Plan defect under a voluntary compliance resolution program or similar voluntary settlement program administered by the U.S. Internal Revenue Service, the U.S. Department of Labor or other similar governmental authority, including without limitation the Employee Plans Compliance Resolution System, the Audit Closing Agreement Program, the Voluntary Compliance Resolution Program, the Walk-in Closing Agreement Program, the Administrative Policy Regarding Self- Correction, the Tax Sheltered Annuity Voluntary Correction Program, the Delinquent Filer Voluntary Compliance Program, and the Voluntary Fiduciary Correction Program, provided that such agreement to correct such Plan defect was entered into in writing by the Insured with the U.S. Internal Revenue Service during the Policy Period, or during the policy period of a policy issued by the Insurer of which this Policy is a continuous renewal.
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Voluntary Compliance Program means any voluntary compliance resolution program or similar voluntary settlement program administered by the United States Internal Revenue Service, United States Department of Labor or any other domestic or foreign governmental authority, including without limitation the Audit Closing Agreement Program (Audit CAP), the Voluntary Compliance Resolution Program, the Walk-in Closing Agreement Program, the Administrative Policy Regarding Self-Correction, as described in the Employee Plans Compliance Resolution System, IRS Rev. Proc. 98-22, or the Tax Sheltered Annuity Voluntary Correction Program, as described in IRS Rev. Proc. 95-24, all as amended.
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Voluntary Compliance Program means the tax shelter compliance program authorized by the West Virginia Tax Shelter Voluntary Compliance Act of 2006, as set forth in W. Va. Code §11-10E-1 et seq., and this rule.
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Voluntary Compliance Program means any compliance resolution program that is voluntary, or any similar settlement program that is voluntary, provided that such program is administered by the U.S. Department of Labor, the U.S. Internal Revenue Service or a similar governmental authority located outside the United States. Such program shall include the Voluntary Fiduciary Correction Program, the Employee Plans Compliance Resolution System, the Delinquent Filer Voluntary Compliance Program, or any similar program administered by a governmental authority described above.
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Voluntary Compliance Program means a written agreement to correct an inadvertent "plan" defect under a voluntary compliance resolution program or similar voluntary settlement program administered by the U.S. Internal Revenue Service, the U.S. Department of Labor or other similar governmental authority, including without limitation the Employee Plans Compliance Resolution System, the Audit Closing Agreement Program, the Voluntary Compliance Resolution Program, the Walk-in Closing Agreement Program, the Administrative Policy Regarding Self-Correction, the Tax Sheltered Annuity Voluntary Correction Program, the Delinquent Filer Voluntary Compliance Program, and the Voluntary Fiduciary Correction Program, provided that such agreement to correct such "plan" defect was entered into in writing by you with the U.S. Internal Revenue Service during the policy period, or during the policy period of a policy issued by us of which this policy is a continuous renewal.
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Related to Voluntary Compliance Program

  • Compliance Program means the program established by CNYCC to prevent, detect, and address compliance issues that arise with respect to PPS operations, projects or activities.

  • Repeat compliance period means any subsequent compliance period after the initial compliance period.

  • Compliance year means the calendar year beginning with June 1 and ending with May 31 of the following year, for which a Retail Electricity Supplier must demonstrate that it has met the requirements of this Regulation.

  • Safety compliance facility means a licensee that is a commercial entity that receives marihuana from a marihuana facility or registered primary caregiver, tests it for contaminants and for tetrahydrocannabinol and other cannabinoids, returns the test results, and may return the marihuana to the marihuana facility.

  • Distribution Compliance Period with respect to any Notes, means the period of 40 consecutive days beginning on and including the later of (i) the day on which such Notes are first offered to Persons other than distributors (as defined in Regulation S under the Securities Act) in reliance on Regulation S and (ii) the issue date with respect to such Notes.