Qualified Compensation means any compensation which may be payable to a Participant that may be designated on an Deferral Election Form.

Qualified Compensation means any payment accrued for a current Plan Year which is paid in a subsequent Plan Year pursuant to the Company’s Incentive Compensation Plan. Qualified Compensation shall include any amount of incentive compensation which is contributed by the Company pursuant to a salary reduction agreement and which is not includable in the gross income of the Participant because it is made to a deferred compensation plan sponsored by the Company. Such contribution to a deferred compensation plan shall be treated as Qualified Compensation for the Plan Year in which the payment was accrued. Any payment accrued as of the last day of the Plan Year and actually received by a Participant in a subsequent Plan Year will count as Qualified Compensation if the Participant either retires on the last day of the Plan Year or in certain circumstances terminates employment during the Plan Year to which the payments relate.

Qualified Compensation means any LTIP stock awards or regular taxable compensation (including annual incentive awards) which may be payable to a Participant that may be designated as a deferral on a Deferral Election Form.

Examples of Qualified Compensation in a sentence

At the time a Participant elects to defer Qualified Compensation under Article 3, he or she shall make distribution elections on the Enrollment Documents and deliver such forms to the Administrator.
Such elections shall apply to the portion of the Participant’s Account that is attributable to Qualified Compensation deferred under the applicable Enrollment Documents while such Enrollment Documents are in effect.
As of the first day of each calendar month that begins after the Plan takes effect, each Participant’s Account shall be credited with an amount that is equal to the amount of the Participant’s Qualified Compensation which such Participant has elected to defer under Article 3 and which would otherwise have been paid in cash to the Participant during the preceding month.
Notwithstanding the foregoing, to the extent a Participant defers Qualified Compensation that would otherwise be paid in shares of the Company’s common stock, those shares (and any earnings thereon) shall be credited to the Participant’s Account and shall be used to settle that portion of the Participant’s Account.
A Participant’s Accrued Benefit is the monthly benefit payable as a single life annuity commencing at his Normal Retirement Date, determined under the Benefit Formula based on his Final Average Compensation, Final Average Qualified Compensation, and Benefit Service as of the date of determination.

More Definitions of Qualified Compensation

Qualified Compensation of a Key Executive shall mean the Key Executive's annual bonus which may be payable to the Key Executive under the Computer Sciences Corporation Annual Incentive Plan or such other bonus or

Qualified Compensation of a Nonemployee Director shall mean the retainer, consulting fees, committee fees and meeting fees which are payable to the Nonemployee Director by the Company.

Qualified Compensation means, for any Participant in any period within a Plan Year, the salary and incentive compensation actually paid or made available by an

Qualified Compensation means the average monthly amount of salary, incentive compensation, and/or other compensation actually paid or made available by the Employer to a Participant during the thirty-six (36) full months immediately preceding the Participant’s Separation from Service or the applicable IDIP Transfer Date, whichever is applicable; provided that the determination of such compensation shall be made prior to any (a) salary reduction pursuant to Code Section 125 or 401(k), (b) deferrals under the IDIP and (c) employee contributions to the Infonet Pension Plan. Except as provided in the preceding sentence, Qualified Compensation shall not include any contribution by the Employer to, or benefits paid under, the ISERP or under any other pension, fringe benefit, group insurance or

Qualified Compensation means anyLTIP cash or stock awards or regular taxable compensation which may be payable to a Participant that may be designated as a deferral on a Deferral Election Form.

Qualified Compensation means "compensation," as defined in the Savings Plan for purposes of making Elective Deferrals, not in excess of the Section 401(a)(17) Limit.

Qualified Compensation means, for any Participant in any period within a Plan Year, the salary, bonuses, commissions and/or annual lump sum compensation actually paid or made available by an Employer to the Participant during such period; provided that the determination of such compensation shall be prior to any salary reduction pursuant to Code Section 125 or 401(k), or pursuant to Article III of the IDIP. Except as provided in the preceding sentence, Qualified Compensation shall not include any contribution by the Employer to, benefits paid under, or gains attributable to the IDIP or under any other pension, fringe benefit, group insurance, stock appreciation rights, stock purchase, stock option or other stock-based plan or any other employee plan (including without limitation any severance plan) heretofore or hereafter adopted or any deferred compensation arrangement.