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.
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).
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 theU.S. Department of Labor or U.S. Internal Revenue Service. 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 govern- mental authority located outside the U.S.

Examples of Voluntary Compliance Program in a sentence

  • This Insuring Clause shall not apply to any Voluntary Compliance Fees and Defense Costs incurred with respect to any Insured’s participation in any Voluntary Compliance Program initiated prior to the Inception Date of this Policy.

  • 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.

  • The Administrator shall administer the Voluntary Compliance Program separately from the enforcement activities.

  • The Voluntary Compliance Program includes but is not limited to education, consultations, demonstration programs, and research.

  • The Sublimit of Liability for Voluntary Compliance Program Loss shall be part of, and not in addition to, the Limit of Liability applicable to this Coverage Section.


More Definitions of Voluntary Compliance Program

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:
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 IRS, DOL, or any 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.
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.
Voluntary Compliance Program means the Delinquent Filer Voluntary Compliance Program and the Voluntary Fiduciary Correction Program (VFCP), as administered by the Employee Benefits Security Administration of the Department of Labor (DOL), and the Employee Plans Compliance Resolution System, as administered by the Internal Revenue Service (IRS), or any similar program anywhere in the world.
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.
Voluntary Compliance Program means any voluntary compliance resolution program, or any similar voluntary settlement program, administered by the U.S. Department of Labor, the U.S. Internal Revenue Service or any other governmental authority, including without limitation the Voluntary Fiduciary Correction Program, the Employee Plans Compliance Resolution System and the Delinquent Filer Voluntary Compliance Program.
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.