Qualified Deferred Compensation Plan Clause Samples
Qualified Deferred Compensation Plan. Any pension, profit-sharing, stock bonus, or other plan which meets the requirements of Code Section 401 and includes a trust exempt from tax under Code Section 501(a) or any annuity plan described in Code Section 403(a).
Qualified Deferred Compensation Plan. Any pension, profit-sharing, stock bonus, or other plan which meets the requirements of Code Section 401 and includes a trust exempt from tax under Code Section 501(a) and any annuity plan described in Code Section 403(a).
Qualified Deferred Compensation Plan. As a participant in the Non-Qualified Deferred Compensation Plan, the irrevocable election I previously made regarding the treatment of my account balance at the time of retirement will govern the treatment of my account balance. I may also contact Principal at ▇-▇▇▇-▇▇▇-▇▇▇▇ if I have any general questions concerning options after retirement. All amounts payable will be subject to all applicable tax withholdings.
Qualified Deferred Compensation Plan. Any pension, profit-sharing, stock bonus, or other plan which meets the requirements of Code Section 401 and includes a trust exempt from tax under Code Section 501(a) or any annuity plan described in Code Section 403(a). An Eligible Retirement Plan is an individual retirement account (IRA) as described in section 408(a) of the Code, an individual retirement annuity (IRA) as described in section 408(b) of the Code, an annuity plan as described in section 403(a) of the Code, or a qualified trust as described in section 401(a) of the Code, which accepts Eligible Rollover Distributions. However, in the case of an Eligible Rollover Distribution to a surviving Spouse, an Eligible Retirement Plan is an individual retirement account or individual retirement annuity.
Qualified Deferred Compensation Plan. Part A Joinder Agreement -------------------------------------------------------------------------------- NOTICE: Establishment of any non-qualified deferred compensation plan has significant tax consequences to both the Employer(1) and participating Employees. These tax consequences may be adverse if the non-qualified deferred compensation plan is not appropriately designed pursuant to Internal Revenue Service and Department of Labor requirements. Use of this Model Non-Qualified Deferred Compensation Plan is specifically conditioned upon receipt by KeyCorp or one of its affiliates of written acknowledgment by an attorney, accountant, or other tax professional representing the Employer that (i) they have reviewed this document (and related documents) to ascertain the tax ramifications of its use; (ii) that those ramifications have been discussed with the Employer; and, (iii) that the Employer understands and assumes all responsibility relating to the tax consequences of using this document. -------------------------------------------------------------------------------- All provisions selected in this Part A - Joinder Agreement of the PRISM Exec(R) Model Non-Qualified Deferred Compensation Plan are to be interpreted in conjunction with Part B - Basic Provisions and Part C - Schedules, which are incorporated by this reference. The Employer, designated below, hereby establishes a non-qualified deferred compensation plan for all Eligible Employees as defined in this Joinder Agreement pursuant to the terms of Part B - Basic Provisions of the PRISM Exec(R) Model Non-Qualified Deferred Compensation Plan
Qualified Deferred Compensation Plan. You will be eligible to enroll in the Company’s Non-Qualified Deferred Compensation Plan. Plan document attached. This is a generous plan which matches at twice the 401K plan levels. The company has a strong record of paying out a full match. Employee Stock Purchase Plan (ESPP): You will be eligible to participate in the ESPP at the beginning of the month following six months of employment. Under the ESPP, the purchase price for the shares you purchase in a given month shall be the closing price of the Company’s stock on the first day of the month and on the last day of the month, whichever is less, minus a 15% discount. Health & Welfare Benefits: You will be eligible to enroll in the health benefits program at TBI on the first day of the month following your 90th day of employment. Until TBI Health coverage becomes effective we will reimburse you for your medical health coverage premiums. Benefits Summary attached.