Applicable Benefits definition
Examples of Applicable Benefits in a sentence
To the extent that any Applicable Benefits consist of the reimbursement of eligible expenses, such reimbursement must be made on or before the last day of the calendar year following the calendar year in which the expense was incurred.
The amount of any Applicable Benefits provided during one taxable year shall not affect the amount of the Applicable Benefits provided in any other taxable year, except that with respect to any Applicable Benefits that consist of the reimbursement of expenses referred to in Code Section 105(b), a limitation may be imposed on the amount of such reimbursements as described in Treasury Regulations Section 1.409A-3(i)(iv)(B).
No Applicable Benefits may be liquidated or exchanged for another benefit.
The amount of any Applicable Benefits provided during one taxable year shall not affect the amount of the Applicable Benefits provided in any other taxable year, except that with respect to any Applicable Benefits that consist of the reimbursement of expenses referred to in Code Section 105(b), a limitation may be imposed on the amount of such reimbursements over some or all of the Covered Period, as described in Treas.
Further, no Applicable Benefits may be liquidated or exchanged for another benefit.
Any taxable welfare benefits provided to the Executive pursuant to this Section 9 that are not Applicable Benefits shall be subject to the following requirements in order to comply with Code Section 409A.
Section 1.409A-1(a)(5) (collectively, the "Applicable Benefits") shall be subject to the following requirements in order to comply with Code Section 409A.
SAMPLE Applicable Benefits will be provided to a Member in the event a Use of Weapon Incident occurs to the extent allowed by Applicable Law, or in the event an Extreme Risk Protection Order is issued to a Member, during the term of this Membership Agreement and while this Membership Agreement is in effect.
Any taxable welfare benefits provided to the Executive pursuant to this Section 5 that are not Applicable Benefits shall be subject to the following requirements in order to comply with Code Section 409A.
During the period of 6 months immediately following Executive’s separation from service, Executive shall be obligated to pay the Companies the full cost for any Applicable Benefits that do not constitute health benefits of the type required to be provided under Section 4980B of the Code, and the Companies shall reimburse Executive for any such payments on the first business day that is more than 6 months after Executive’s separation from service.