W-2 Compensation definition
W-2 Compensation means all amounts received for services actually rendered in the course of employment with the Company to the extent that such amounts are includible in gross income as wages for federal income tax purposes plus all amounts that are contributed by the Company pursuant to a salary reduction agreement and which are not includible in the gross income of the Executive under Code Sections 125 or 401(k) and minus all amounts includible in the gross income of the Executive for annual base salary, expense reimbursements or allowances, moving expenses, club initiation fees or special assessments, deferred compensation and welfare benefits, or gross-ups for taxes.
W-2 Compensation as used in this Agreement means the Employee's "Gross Pay" (or any analogous term having the same or a similar meaning as "Gross Pay" hereafter used) as reported or reportable on his W-2 statement for the period or periods in question. When referring to a current tax year, "W-2 Compensation" refers to the annualized total computed to the end of such current year of all items includable in "Gross Pay" at their current level or levels unless the context clearly indicates otherwise.
W-2 Compensation refers to the annualized total computed to the end of such current year of all items includable in "Gross Pay" at their current level or levels unless the context clearly indicates otherwise.
Examples of W-2 Compensation in a sentence
W-2 Compensation excludes amounts paid or reimbursed by the Employer for moving expenses incurred by an Employee, but only to the extent that, at the time of payment, it is reasonable to believe that the Employee may deduct these amounts under Code §217.
Code Section 3401(a) - W-2 Compensation subject to income tax withholding at the source.
Code Section 3401(a) - W-2 Compensation subject to income tax withholding at the source, with all pre-tax contributions added.
When referring to a current tax year, "W-2 Compensation" refers to the annualized total computed to the end of such current year of all items includable in "Gross Pay" at their current level or levels unless the context clearly indicates otherwise.
The Employer in Appendix B may elect to exclude from W-2 Compensation certain Employer paid or reimbursed moving expenses as described therein.
More Definitions of W-2 Compensation
W-2 Compensation shall exclude compensation derived from the exercise of stock options and other income from the Company's stock based incentive plan, signing bonuses, relocation expense reimbursement and awards under the Short Term Incentive Plan or its successor.
W-2 Compensation means the total compensation required to be set forth in Box 1 on the employee's Form W-2 for a particular Plan Year, including, but not limited to, salary, commissions, and bonus, plus all elective contributions to arrangements qualifying under Section 125, 132(f), or 401(k) of the Code and all elective contributions to nonqualified deferred compensation arrangements within the meaning of Section 201(a) of ERISA, including contributions to this Plan.
W-2 Compensation means wages within the meaning of Code Section 3401(a) (for purposes of income tax withholding at the source) and all other amounts paid to an Employee by a Plan Sponsor and Affiliates during a Plan Year (but without regard to any rules that limit the remuneration included in wages based on the nature or location of the employment or the services performed, such as the exception for agricultural labor in Code Section 3401(a)(2)) for which the Plan Sponsor is required to furnish the employee a written statement under Code Sections 6041(d); 6051(a)(3) and 6052.
W-2 Compensation for purposes of Sections 7(a) and 7(b), shall include salary, bonus, taxable fringe benefits, plus 401(k) salary deferrals, but shall exclude bonus payments or compensation derived from the exercise of stock options.
W-2 Compensation means wages for federal income tax withholding purposes, as defined under Code §3401(a), plus all other payments to an Employee in the course of the Employer’s trade or business, for which the Employer must furnish the Employee a written statement under Code §§6041, 6051 and 6052, disregarding any rules limiting the remuneration included as wages under this definition based on the nature or location of the employment or service performed. “Gross W-2 compensation” means W-2 compensation plus all amounts excludible from a Participant’s gross income under Code §§125,132(f)(4), 402(e)(3), 402(h)(2), 403(b), and 408(p), contributed by the Employer, at the Participant’s election, to a cafeteria plan, a qualified transportation fringe benefit plan, a 401(k) arrangement, a SEP, a tax sheltered annuity, or a SIMPLE plan. Compensation as to a Contractor means all payments by the Employer to the Contractor for services during a Taxable Year. The Employer, in its Adoption Agreement, may modify the definition of Compensation or may specify a different definition of Compensation either as to Employees, as to Contractors or both.
W-2 Compensation means wages for Federal income tax withholding purposes, as defined under Code §3401(a), plus all other payments to an Employee in the course of the Employer’s trade or business, for which the Employer must furnish the Employee a written statement under Code §§6041, 6051 and 6052, disregarding
W-2 Compensation means wages (within the meaning of Code Section 3401(a) and all other compensation paid during a Plan Year to an Employee for which the Employer is required to furnish the Employee with a written statement under Code Sections 6041(d), 6051(a)(3) and 6052 determined without regard to any rules under Section 340(a) that limit the remuneration included in wages based on the nature or location of employment or the services performed.