Eligible Adoptee definition

Eligible Adoptee means any individual (other than a child of the taxpayer’s spouse) who has not attained age 18 or is physically or mentally incapable of self-support.
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Eligible Adoptee is an individual, other than a child of the Participant's spouse, who has not attained age 18 or is physically or mentally incapable of self-support. An individual is considered physically or mentally incapable of self-support if that individual is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or to be of long-continued and indefinite duration. This provision shall be applied in a manner consistent with Part D of IRS Notice 2020-68.
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Eligible Adoptee means any individual (other than a child of the taxpayer’s spouse) who
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Examples of Eligible Adoptee in a sentence

  • This $5,000 limit shall be reduced by QBADs to the Participant made with respect to the same child or Eligible Adoptee by other plans maintained by the Employer or a related employer described in Code §414(b), (c), (m), or (o).

  • A QBAD must be made during the 1-year period beginning on the date on which a child of the Participant is born or on which the legal adoption of an Eligible Adoptee by the Participant is finalized.

  • Except as limited by Section 2.4 (b), (c), (e), a Participant may request a distribution of up to $5,000 (per child or Eligible Adoptee) as a QBAD.

  • A QBAD is a distribution that must be made during the one-year period beginning on the date of which a child of a participant is born or on which the legal adoption of Eligible Adoptee by participant is finalized.

  • For purposes of this Section, a QBAD shall mean an amount (or amounts) not to exceed $5,000 requested within the one (1) year period commencing on the date of birth of a Participant’s child or the finalization of the legal adoption of an Eligible Adoptee by the Participant.

  • Rawls’s Principle of Just Savings.” To determine whether maximin reasoning applies to the selection of the two-stage principle, we can turn to Rawls’s maximin criterion.

  • For the avoidance of doubt, (1) if each parent of the child or Eligible Adoptee is a Participant in the Plan, each parent may receive a Qualified Birth or Adoption Distribution with respect to such child or Eligible Adoptee, and (2) each Participant is entitled to receive Qualified Birth or Adoption Distributions with respect to the birth of more than one child or the adoption of more than one Eligible Adoptee.

  • The amount of the QBAD may not exceed the aggregate of $5,000 per child or Eligible Adoptee.

  • Except as limited by Section 2.4 (b), (c), and (e), a Participant may request a distribution of up to $5,000 (per child or Eligible Adoptee) as a QBAD.

  • For purposes of a QBOAD, an Eligible Adoptee is defined as any individual “who has not attained age 18 or is physically or mentally incapable of self-support.” While a QBOAD is generally subject to Federal and State Income Taxes it is not subject to the ten percent (10%) early distribution penalty tax or the automatic Federal and State Income Tax Withholding rules.


More Definitions of Eligible Adoptee

Eligible Adoptee means an individual (other than the child of the Participant’s spouse) who has not attained age 18 or is physically or mentally incapable of self-support.
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Eligible Adoptee means any individual (other than a child of the Participant’s Spouse) who has not attained age 18 or who is physically or mentally incapable of self-support. The determination of whether an individual is physically or mentally incapable of self-support shall be determined in the same manner as the determination of whether an individual is disabled under Code Section 72(m)(7).
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Related to Eligible Adoptee

  • Eligible adult means any of the following:

  • Eligible applicant means a school district, joint

  • Eligible patient means an individual who meets all of the following conditions:

  • Ineligible Person shall include an individual or entity who: i. is currently excluded, debarred, suspended, or otherwise ineligible to participate in the Federal health care programs or in Federal procurement or nonprocurement programs; or ii. has been convicted of a criminal offense that falls within the scope of 42 U.S.C. § 1320a-7(a), but has not yet been excluded, debarred, suspended, or otherwise declared ineligible.

  • Eligible program means a program of education or training which:

  • Eligible Account Any of (i) an account or accounts maintained with a federal or state chartered depository institution or trust company the short-term unsecured debt obligations of which (or, in the case of a depository institution or trust company that is the principal subsidiary of a holding company, the debt obligations of such holding company) have the highest short-term ratings of each Rating Agency at the time any amounts are held on deposit therein, or (ii) an account or accounts in a depository institution or trust company in which such accounts are insured by the FDIC or the SAIF (to the limits established by the FDIC or the SAIF, as applicable) and the uninsured deposits in which accounts are otherwise secured such that, as evidenced by an Opinion of Counsel delivered to the Trustee and to each Rating Agency, the Certificateholders have a claim with respect to the funds in such account or a perfected first priority security interest against any collateral (which shall be limited to Permitted Investments) securing such funds that is superior to claims of any other depositors or creditors of the depository institution or trust company in which such account is maintained, or (iii) a trust account or accounts maintained with (a) the trust department of a federal or state chartered depository institution or (b) a trust company, acting in its fiduciary capacity or (iv) any other account acceptable to each Rating Agency. Eligible Accounts may bear interest, and may include, if otherwise qualified under this definition, accounts maintained with the Trustee.