ALLOCATION COMPENSATION definition

ALLOCATION COMPENSATION means the remuneration of a Participant paid by the Employer during any Plan Year in the form of cash compensation, but shall not include any non-cash compensation charged to the Participant. "Allocation Compensation" shall also include Elective Contributions made pursuant to a Compensation Deferral Agreement, and any other contributions made on behalf of the Participant for the Plan Year which are not currently includable in gross income by reason of the application of Sections 125, 402(a)(8), 402(h)(1)(B) or 403(b) of the Code, but shall not include any other Employer contributions or benefits arising in connection with this Plan or in connection with any other employee benefit or welfare benefit plan of the Employer. However, Allocation Compensation taken into account for purposes of this Plan shall be limited to $150,000 or such other amount as may be provided by the Treasury Department under Section 401(a)(17) of the Code. For purposes of
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ALLOCATION COMPENSATION refers to the Compensation (as such term is defined in the Plan) of each Eligible Member used for Plan purposes for each of the Plan Years 1988 through 1995 during which such Eligible Member was an Active Participant (as such term is defined in the Plan).
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Related to ALLOCATION COMPENSATION

  • Termination Compensation means a monthly cash amount equal to one-twelfth (1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Basic Compensation means Salary and Benefits.

  • Final compensation of a member means:

  • Special compensation means payment to an adult foster care facility to ensure the provision of a specialized program in addition to the basic payment for adult foster care. Special compensation does not include payment received directly from the Medicaid program for personal care services for a resident, or payment received under the supplemental security income program.

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –