Deemed 125 Compensation Sample Clauses

Deemed 125 Compensation. Deemed 125 Compensation means, in the case of any definition of Compensation which includes a reference to Code §125, amounts under a Code §125 plan of the Employer that are not available to a Participant in cash in lieu of group health coverage, because the Participant is unable to certify that he/she has other health coverage. Compensation under this Section 1.11 does not include Deemed 125 Compensation, unless the Employer in Appendix B elects to include Deemed 125 Compensation under this Section 1.11.
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Deemed 125 Compensation. Article VII of this amendment shall not apply unless otherwise elected below.
Deemed 125 Compensation. A reference to elective contributions under a Code §125 cafeteria plan includes any amounts that are not available to a participant in cash in lieu of group health coverage because the Participant is unable to certify that he or she has other health coverage. Such deemed §125 compensation will be treated as an amount under Code §125 only if the Employer does not request or collect information regarding the Participant’s other health coverage as part of the enrollment process for the health plan. If the Employer elects under AA §5-3(j) to exclude deemed §125 compensation from the definition of Plan Compensation, such exclusion also will apply for purposes of determining Total Compensation under this Section 1.60.
Deemed 125 Compensation. If elected, this Article shall apply as of the effective date specified in Section 2.4 of this amendment. For purposes of any definition of compensation under this Plan that includes a reference to amounts under Section 125 of the Code, amounts under Section 125 of the Code include any amounts not available to a Participant in cash in lieu of group health coverage because the Participant is unable to certify that he or she has other health coverage. An amount will be treated as an amount under Section 125 of the Code only if the Employer does not request or collect information regarding the Participant’s other health coverage as part of the enrollment process for the health plan. Except with respect to any election made by the employer in Article II, this amendment is hereby adopted by the prototype sponsor on behalf of all adopting employers on: [Sponsor’s signature and Adoption Date are on file with Sponsor] NOTE: The employer only needs to execute this amendment if an election has been made in Article II of this amendment. This amendment has been executed this day of , . Name of Plan: Lexington State Bank Employees’ 401(k) Plan Name of Employer: Lexington State Bank By: EMPLOYER Name of Participating Employer: LSB Investment Services, Inc. By: PARTICIPATING EMPLOYER Name of Participating Employer: Peoples Finance Company of Lexington, Inc. By: PARTICIPATING EMPLOYER MANDATORY DISTRIBUTION AMENDMENT (Code Section 401(a)(31)(B))
Deemed 125 Compensation. Will Compensation include deemed Code section 125 compensation (select one)? Option 1: oYes.
Deemed 125 Compensation. If elected, this Article shall apply as of the effective date specified in Section 2.4 of this amendment. For purposes of any definition of compensation under this Plan that includes a reference to amounts under Section 125 of the Code, amounts under Section 125 of the Code include any amounts not available to a Participant in cash in lieu of group health coverage because the Participant is unable to certify that he or she has other health coverage. An amount will be treated as an amount under Section 125 of the Code only if the Employer does not request or collect information regarding the Participant’s other health coverage as part of the enrollment process for the health plan. Except with respect to any election made by the employer in Article II, this amendment is hereby adopted by the prototype sponsor on behalf of all adopting employers on [Sponsor’s signature and Adoption Date are on file with Sponsor] NOTE: The employer only needs to execute this amendment if an election has been made in Article II of this amendment. This amendment has been executed this _________________ day of ______________________________, ________. Name of Plan: America’s Car-Mart, Inc. 401(k) Plan Name of Employer: America’s Car-Mart, Inc. By: _______________________________________ EMPLOYER MANDATORY DISTRIBUTION AMENDMENT (Code Section 401(a)(31)(B))
Deemed 125 Compensation. If elected in Appendix A to the Adoption Agreement (Special Effective Dates and Other Permitted Elections), amounts under Code §125 shall be deemed to include any amounts not available to a Participant in cash in lieu of group health coverage because the Participant is unable to certify that he or she has other health coverage. An amount will be treated as an amount under Code §125 pursuant to the preceding sentence only if the Employer does not request or collect information regarding the Participant's other health coverage as part of the enrollment process for the health plan.
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Deemed 125 Compensation. Article VI of this amendment shall not apply unless otherwise elected below. [ ] Article VI of this amendment (Deemed 125 Compensation) shall apply effective as of Plan Years and Limitation Years beginning on or after __________ (insert the later of January 1, 1998, or the first day of the first plan year the Plan used this definition).
Deemed 125 Compensation. If elected, this Article shall apply as of the effective date specified in Section 2.3 of this amendment. For purposes of any definition of compensation under this Plan that includes a reference to amounts under Section 125 of the Code, amounts under Section 125 of the Code include any amounts not available to a Participant in cash in lieu of group health coverage because the Participant is unable to certify that he or she has other health coverage. An amount will be treated as an amount under Section 125 of the Code only if the Employer does not request or collect information regarding the Participant’s other health coverage as part of the enrollment process for the health plan. This amendment has been executed this 1st day of January, 2008. Name of Plan: THE J. XXXX GROUP 401(k) PLAN Name of Employer: The Talbots Group, LP By: /s/ Xxxx Xxxxx, III EMPLOYER Name of Participating Employer: J. Xxxx, LLC By: /s/ Xxxx Xxxxx, III PARTICIPATING EMPLOYER 401(a)(9) MODEL AMENDMENT TO THE THE J. XXXX GROUP 401(K) PLAN 401(a)(9) - Sponsor MINIMUM DISTRIBUTION REQUIREMENTS AMENDMENT

Related to Deemed 125 Compensation

  • Basic Compensation An employee, at the employee's option, may report to court when subpoenaed or remain on call. If the employee elects to appear in court, the division supervisor must be notified, at the latest, one administrative day prior to the scheduled court appearance. If the employee wishes to remain on call, the employee must be able to appear in court not more than one hour after being notified that the employee's appearance is required in court. To appear in court more than an hour after having been notified will void the employee's right to on-call compensation. An employee need not remain at home, but must be available for telephonic notification at a location where the supervisor knows the employee can be reached.

  • Total Compensation Contractor shall include Total Compensation in XXX for each of its five most highly compensated Executives for the preceding fiscal year if:

  • Payment of Compensation Consultant shall submit to City a monthly itemized statement which indicates work completed and hours of Services rendered by Consultant. The statement shall describe the amount of Services and supplies provided since the initial commencement date, or since the start of the subsequent billing periods, as appropriate, through the date of the statement. City shall, within 30 days of receiving such statement, review the statement and pay all approved charges thereon.

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