Examples of Excess Benefit Portion in a sentence
Each Member of the Retirement Plan whose annual benefit at the time of payment exceeds the limitations imposed by Code Section 415(b) or 415(e) (as in effect prior to January 1, 2000) shall participate in the Excess Benefit Portion of the Plan.
An Eligible Employee shall participate in the Excess Benefit Portion of the Plan, provided such Eligible Employee’s pension benefit under the Retirement Plan on the date of his or her Separation from Service exceeds the limitations imposed by Code Section 415(b).
The Board shall consider all such applications and shall admit to membership of the Association such of those persons who are eligible for membership, as it thinks fit.Chapter: 302Section: 7Title: HONG KONG TOURIST ASSOCIATION ORDINANCEHeading: Termination ofmembershipGazette Number: Version Date: 30/06/1997 The Board may, if it thinks fit, terminate, at any time, the membership of any travel industry or ordinary member of the Association.(Amended 5 of 1958 s.
SELECT MANAGEMENT PORTION shall mean the portion of the Plan, other than the Excess Benefit Portion, which is intended to constitute an unfunded deferred compensation plan for a select group of management or highly compensated employees under Title I of ERISA.
Each Eligible Employee’s annual retirement allowance or vested benefit which at the time of payment under the Retirement Plan exceeds the limitations imposed by Section 415(b) of the Code (or prior to January 1, 2000, Section 415(e) of the Code) shall be payable from the Excess Benefit Portion of the Plan.
An Eligible Employee shall participate in the Excess Benefit Portion of the Plan provided such Eligible Employee's annual retirement allowance or vested benefit at the time of payment under the Retirement Plan exceeds the limitations imposed by Code Section 415(b) or 415(e).
Each Eligible Employee’s annual retirement allowance or vested benefit which at the time of payment under the Retirement Plan exceeds the limitations imposed by Code Section 415(b) (or prior to January 1, 2000, Code Section 415(e)) shall be payable from the Excess Benefit Portion of the Plan.
Participation (a) An Eligible Employee shall participate in the Excess Benefit Portion of the Plan provided such Eligible Employee's pension at the time of payment under the Management Retirement Plan exceeds the limitations imposed by Code Section 415(b) or 415(e).
Select Management Portion shall mean the portion of the Plan, other than the Excess Benefit Portion, which is intended to constitute an unfunded deferred compensation plan for a select group of management or highly-compensated employees under Title I of ERISA.
Excess Benefit Portion shall mean the portion of the Plan which is intended to constitute an unfunded excess benefit plan under Sections 3(36) and 4(b)(5) of Title I of ERISA which provides benefits not otherwise payable under the Management Retirement Plan due to restrictions imposed by Section 415 of the Code.