Deferred Compensation Liability definition
Examples of Deferred Compensation Liability in a sentence
Whether Hoops Is Entitled to a Deduction for the Deferred Compensation Liability in 2012Section 162(a) allows a deduction for all ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including a reasonable allowance for salaries or other compensation for personal services actually rendered.
A description of the valuation methodologies used for financial instruments measured at fair value on a recurring basis, as well as the classification of the instruments pursuant to the valuation hierarchy, are as follows: Trading Securities and Deferred Compensation Liability Trading securities and the corresponding deferred compensation liability are reported using Level 1 inputs.
The Board may offer investment options from which a Participant may select, in the manner prescribed by the Board, for the purpose of determining the earnings to be credited to the Participant’s Deferred Compensation Liability Account.
If a Participant incurs a Distribution Event, payment of the Participant’s balance in his Deferred Compensation Liability Account shall be made or commenced to him within thirty (30) days following the Distribution Event in the form elected by the Participant in the applicable Deferred Compensation Agreement.
For each Plan Year, Third Federal shall establish and maintain a ledger account (the “Deferred Compensation Liability Account”) for each Participant For each Plan Year, all Elective Deferrals, Matching Contributions and Profit Sharing Contributions made by the Participant pursuant to a Deferred Compensation Agreement shall be allocated to the Participant’s Deferred Compensation Liability Account, established by Third Federal for such year.
For any Plan Year that Third Federal, the Association or Related Entity contributes a discretionary profit sharing contribution to the Savings Plan, Third Federal, the Association or Related Entity shall also make a contribution during such year to the Deferred Compensation Liability Account of each Participant for such year regardless of whether or not such Participant has signed a Deferred Compensation Agreement.
As soon as reasonably practicable after the Closing Date the Company shall direct the trustee of the Rabbi Trust to distribute to the Company the aggregate amount of Estimated Deferred Compensation Liability and Additional Deferred Compensation Liability, in accordance with the terms of the Rabbi Trust (the “Reimbursement Withdrawal”).
If there is a Change in Control, any affected Participant having a balance in a Deferred Compensation Liability Account shall be paid the vested accrued amounts within thirty (30) days from the date of separation or termination in the method specified in the Deferred Compensation Agreement(s) applicable to the amounts.
Seller will pay all compensation due the Terminated Employees, other than the Deferred Compensation Liability assumed by RII Sub pursuant to Section 2.5, on or before the first day subsequent to the Closing.
The Board shall have full power and authority to interpret, construe, and administer the Plan, and the Board’s interpretation and construction thereof, and actions thereunder, including any valuation of property, Deferred Compensation Liability Accounts, Rabbi Trust, or property held by the Rabbi Trust or the amount or recipient, of the payment to be made there from shall be binding and conclusive on all persons for all purposes.