Common use of Salary continuation payments for military service participants Clause in Contracts

Salary continuation payments for military service participants. 415 Compensation does not include, unless otherwise elected in Section 2.2 of this Amendment, payments to an individual who does not currently perform services for the Employer by reason of qualified military service (as that term is used in Code §414(u)(1)) to the extent those payments do not exceed the amounts the individual would have received if the individual had continued to perform services for the Employer rather than entering qualified military service.

Salary continuation payments for military service participants. 415 Compensation does not include, unless otherwise elected in Section 2.2 of this Amendment, include payments to an individual who does not currently perform services for the Employer by reason of qualified military service (as that term is used in Code §Section 414(u)(1)) to the extent those payments do not exceed the amounts the individual would have received if the individual had continued to perform services for the Employer rather than entering qualified military service.

Salary continuation payments for military service participants. Section 415 Compensation does not include, unless otherwise elected in Section 2.2 of this Amendment, include payments to an individual who does not currently perform services for the Employer by reason of qualified military service (as that term is used in Code §Section 414(u)(1)) to the extent those payments do not exceed the amounts the individual would have received if the individual had continued to perform services for the Employer rather than entering qualified military service.