Deemed Section 125 Compensation definition

Deemed Section 125 Compensation means a Participant’s pre-tax contributions to a cafeteria plan under Section 125 of the Code in the following situation:
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Deemed Section 125 Compensation. An amount not available to a Participant in cash in lieu of group health coverage because the Participant is unable to certify that he has other health coverage. An amount will be treated as an amount under Code section 125 only if the Employer does not request or collect information regarding the Participant’s other health coverage as part of the enrollment process for the health plan.
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Examples of Deemed Section 125 Compensation in a sentence

  • Amounts are Deemed Section 125 Compensation only if the Employer does not request or otherwise collect information regarding the Participant’s other health coverage as part of the enrollment process for the health plan.

  • The Subtenant Letter of Credit is not an advance rental deposit or a measure of Sublandlord’s damages in case of Subtenant’s default.

  • Under this definition, amounts are Deemed Section 125 Compensation only if the employer does not otherwise request or collect information regarding the participant's other health coverage as part of the enrollment process for the health plan.

  • Deemed Section 125 Compensation is considered Section 415 Compensation for purposes of this Section 13.

  • If selected, the applicable definition of Compensation will include Deemed Section 125 Compensation.

  • Deemed Section 125 Compensation is an amount that is excludable from the income of the Participant under Section 106 of the Code that is not available to the Participant in cash in lieu of group health coverage under a Code Section 125 arrangement solely because that Participant is not able to certify that the Participant has other health coverage.

  • If selected, the applicable definition of Compensation will include Deemed Section 125 Compensation For purposes of IRC section 416, Compensation shall be measured over: o f.

  • In determining whether a Participant is a Highly Compensated Employee (or for any other statutory determination not described in paragraphs (A) and (B) above), Code Section 415(c)(3) Compensation is based on Form W-2 Compensation (including Deemed Section 125 Compensation) during the entire Compensation Determination Period that statutorily applies.

  • SSM asses that there are shortcomings in this work with SHR, and Forsmark needs to rectify it be- fore SHR can be used as basic references in their continued work with ageing analysis.Forsmark had a pre-SALTO peer review mission performed in June 2019.

  • Deemed Section 125 Compensation is considered Section 415 Compensation for purposes of this Article 12.

Related to Deemed Section 125 Compensation

  • Annual Compensation means an amount equal to the greater of:

  • Section 409A Deferred Compensation means compensation provided pursuant to an Award that constitutes nonqualified deferred compensation within the meaning of Section 409A.

  • Final compensation of a member means:

  • Final Average Compensation means the aggregate amount of a member's compensation earned within the averaging period in which the aggregate amount of compensation was highest divided by the member's number of years, including any fraction of a year, of credited service during the averaging period. The averaging period shall be 36 consecutive calendar months if the member contributes to the member investment plan except for a member who contributes to the member investment plan and first became a member on or after July 1, 2010; otherwise, the averaging period shall be 60 consecutive calendar months. A member who contributes to the member investment plan and first became a member on or after July 1, 2010 shall also have an averaging period of 60 consecutive calendar months. If the member has less than 1 year of credited service in the averaging period, the number of consecutive calendar months in the averaging period shall be increased to the lowest number of consecutive calendar months that contains 1 year of credited service.

  • Accrued Professional Compensation means, at any given moment, all accrued, contingent and/or unpaid fees and expenses (including, without limitation, success fees) for legal, financial advisory, accounting and other services and reimbursement of expenses that are awardable and allowable under section 328, 330(a) or 331 of the Bankruptcy Code and were rendered before the Effective Date by any Retained Professional in the Chapter 11 Cases, or that are awardable and allowable under section 503 of the Bankruptcy Code, that have not been denied by a Final Order, all to the extent that any such fees and expenses have not been previously paid (regardless of whether a fee application has been filed for any such amount). To the extent that the Bankruptcy Court or any higher court denies or reduces by a Final Order any amount of a Retained Professional’s fees or expenses, then those reduced or denied amounts shall no longer constitute Accrued Professional Compensation.