Specified Employee Identification Date Sample Clauses
The Specified Employee Identification Date clause defines the exact date on which an employer determines which employees are classified as 'specified employees' for purposes such as deferred compensation or compliance with tax regulations. Typically, this date is set annually and is used to identify employees who meet certain criteria, such as being among the highest-paid officers or key personnel. By establishing a clear identification date, the clause ensures consistency and compliance with legal requirements, particularly in relation to the timing of benefit distributions or restrictions under tax laws.
Specified Employee Identification Date. Specified employees shall be identified in the following manner: [Check one of the following and complete, if applicable]
Specified Employee Identification Date. Specified employees shall be identified in the following manner: [Check one of the following and complete, if applicable]
(A) Established By Board Action or Other Document of Plan Sponsor. The identification date and its effective date shall be established by the Plan Sponsor through the document set forth below, which may be an action of its Board or other written document: [Describe document establishing specified employee identification date]
(B) Default Dates in Regulations. The identification date shall be December 31 and effective for distributions to be made during the 12-month period beginning on or after the following April 1, as provided in Treas. Reg. 1.409A-1(i).
(C) Alternative Identification Date. The identification date shall be (identification date) and effective for distributions to be made during the 12-month period beginning on or after the following [enter date not later than the first day of the 4th month following the identification date]