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 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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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).

  • For the purposes of the research, several specific questions were set: 1.

  • 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.

  • 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.

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

  • 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.

  • Can I withdraw money from the Plan while I am still employed?Qualified Birth or Adoption DistributionsOn or after January 1, 2020, you may take a Qualified Birth or Adoption Distribution of up to $5,000 within the one-year period beginning on the date your child is born or the adoption of your Eligible Adoptee is finalized.

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

  • In order to be eligible for a QBAD, the distribution must be made during the one-year period beginning on the date your child was born or on which the legal adoption of your Eligible Adoptee is finalized.

  • 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 any individual (other than a child of the taxpayer’s spouse) who‌
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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 applicant means a school district, joint

  • Eligible activities or "eligible activity" means 1 or more of the following:

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

  • Eligible veteran means an individual who is certified by the Wisconsin Department of Veterans Affairs as meeting all of the following conditions:

  • Eligible Assets means property that is used or useful in the same or a similar line of business as the Borrower and its Subsidiaries were engaged in on the Closing Date (or any reasonable extension or expansions thereof).

  • 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.

  • Eligible Participant means an employee, officer, consultant or director of the Company or any Affiliate.

  • Eligible Person means individuals, corporations, trusts, the estates of deceased individuals, partnerships and unincorporated associations of persons;