W-2 Pay definition

W-2 Pay means all compensation defined as wages in Code § 3401 for purposes of withholding income taxes at the source of the Compensation, without applying any rules that limit the remuneration included in Compensation based on the nature or location of the services performed (such as agricultural labor). It does not, however, include compensation payable after a Separation from Service other than amounts (x) payable within 2 1/2 months after the Separation from Service and (y) that would have been payable to pre-Separation Service if such Separation from Service had not occurred.
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Related to W-2 Pay

  • basic pay means the rate of pay negotiated by the parties to this agreement, including add-to-pay resulting from salary protection;

  • Annual Cash Compensation means the sum of (a) the highest annual Base Salary in effect for the Executive and (b) the greater of (i) the Executive’s bonus for the most recently-completed year (excluding any special bonuses awarded for performance after the conclusion of the performance period), if any, or (ii) the annualized amount of the Executive’s target bonus for the then current year.

  • Includible Compensation means “includible compensation” as defined in Section 457(e)(5) of the Code.

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Cash Compensation means any discount, concession, fee, service fee, commission, sales charge, loan, override, or cash benefit received by a producer in connection with the recommendation or sale of an annuity from an insurer, intermediary, or directly from the consumer.