Includable Compensation definition

Includable Compensation means the compensation described in Section 10.2(n).

Includable Compensation means an Employee’s wages as defined in Code section 3401(a) for purposes of income tax withholding at the source (but determined without regard to any rules that limit the remuneration included in wages based on the nature or location of the employment or services performed) that are paid to a Participant by the Participating Employers. In addition, Compensation includes any contributions made by the Participating Employers on behalf of an Employee pursuant to a deferral election under any employee benefit plan containing a cash or deferred arrangement under Code section 401(k), any amounts that would have been received as cash but for an election to receive benefits under a cafeteria plan meeting the requirements of Code section 125 and any elective amounts that are not includible in the gross income of the Employee by reason of Code section 132(f)(4). The annual Includable Compensation of an Employee taken into account for any purpose will not exceed $230,000 for any Plan Year beginning after December 31, 2007, as adjusted for cost-of-living increases in accordance with Code section 401(a)(17).

Includable Compensation means the compensation described in Section 11.2(g).

Examples of Includable Compensation in a sentence

• Treated by the Employer as includible in the Participant’s Includable Compensation at the time the Participant would have received that amount in cash if the Participant had not made a Deferral.

• The Executive's Base Amount shall equal the average of the Executive's Includable Compensation for the two whole calendar years immediately preceding the date of the Change of Control (or, if the Executive was employed by the Company for only one of those years, his Includable Compensation for that year).

• Except as provided in Paragraph (b) or(c) below, the maximum amount that a Participant may defer during an Employment Period shall not exceed the lesser of the Applicable Dollar Amount or 100% of the Participant’s Includable Compensation, excluding any Rollover Contributions received by the Plan under Section 9.4 below.

• In determining the Includable Compensation of a Participant for purposes of calculating the amount described in Section 5.1(b)(ii)(I), Includable Compensation is not reduced by contributions of the amounts described in Section 5.1(b)(ii)(II).

• The maximum amount of deferred income a Participant may defer during the Employment Year shall not exceed the lesser of the applicable dollar amount as set forth in section 457(e)(15) of the Code; or 100 percent of the Participant’s Includable Compensation; or as otherwise provided by law.

More Definitions of Includable Compensation

Includable Compensation means the Employee's actual wages in box 1 of Form W-2 for a year for services to the State, as defined in section 457(e)(5) of the Code.

Includable Compensation means your com- pensation from the City reported to the United States Internal Revenue Service for federal in- come tax purposes, reduced by deferrals under this plan and payments made on your behalf for retirement system purposes under Ordinance 1119921 and 26 USC § 414(h). It is determined

Includable Compensation means Statutory Compensation limited each year by the Maximum Compensation Limitation.

Includable Compensation means the Participant’s compensation as defined by Code Section 415(c)(3), that is, Compensation before any deferral under Code Section 125 (relating to benefits provided under a cafeteria plan), Section 132(f) (relating to qualified transportation fringe benefits), Section 457(a) (relating to amounts deferred under this Plan), Section 403(b) (relating to contributions for annuity contracts), Section 105(d) (relating to certain disability payments), Section 414(h) (relating to employee contributions to a government plan), or Section 911 (relating to foreign earned income). Compensation is taken into account at its fair market value if paid on other than money, and it is determined without regard to community property laws.

Includable Compensation means Compensation which is currently includable in gross income for federal income tax purposes, taking into account the provisions of, and adjustments specified in, Section 457 of the Code.

Includable Compensation shall have the meaning set forth in Internal Revenue Code Section 403(b)-1(f).

Includable Compensation means your compensation from the College that is includable in your gross income for federal income tax purposes, including regular salary, fee-check income, clinical compensation, affiliate productivity, hourly-based pay, bonuses, overtime pay, extra straight time, “on-call” and “moonlighting” pay, shift differential, and reimbursements or other expense allowances paid to you on your pay check.