Exempt Plan definition

Exempt Plan means any registered retirement savings plan (“RRSP”), registered retirement income fund (“RRIF”), deferred profit sharing plan (“DPSP”), registered education savings plan (“RESP”), registered disability savings plan (“RDSP”) or tax-free savings account (“TFSA”), all as defined in the Tax Act.
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Exempt Plan means a registered retirement savings plan, registered retirement income fund, registered education savings plan or deferred profit savings plan under the Tax Act;
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Exempt Plan means an Employee Benefit Plan which is an unfunded "excess benefits plan" within the meaning of ERISA Sec. 3(36) or an unfunded plan described in ERISA Sec. 201(a)(2) providing deferred compensation for a select group of management or highly-compensated employees.
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Examples of Exempt Plan in a sentence

  • Prospective investors who intend to hold the Bonds in their Exempt Plan should consult their own tax advisors as to whether the Bonds would constitute a prohibited investment for their particular Exempt Plan.

  • The Salaried Exempt Plan was amended and restated, effective as of November 1, 2007, and amended five times since.

  • Adverse tax consequences may apply to an Exempt Plan, or an annuitant thereunder, if the Exempt Plan acquires or holds property that is not a qualified investment for the Exempt Plan.

  • Kraft Heinz Foods Company merged effective January 1, 2017 the Salaried Non-Exempt Plan, the Salaried Exempt Plan, and the Heinz Plan into the Kraft Heinz Foods Company Severance Pay Plan for Salaried Employees (the “Prior Plan”).

  • The Employee Share Acquisition (Tax Exempt) Plan (“ESAP”) is a general employee share plan pursuant to which grants of shares may be offered to employees of FlexiGroup on terms and conditions as determined by the Board from time to time.

  • Notwithstanding that the Bonds may be qualified investments as discussed above, if the Bonds are "prohibited investments" for an annuitant under an Exempt Plan which holds such Bonds, such annuitant will be subject to a penalty tax.

  • Participation in the Exempt Plan will provide eligible employees with the right to be issued up to $1,000 worth of fully paid ordinary shares each year, for no payment.The Exempt Plan has been structured so as to enable eligible employees to receive fully paid ordinary shares free of income tax, provided conditions in the current Australian tax legislation are satisfied.

  • There are currently three plans in place to provide these benefits:• the Employee Share Option Plan (ESOP), which provides benefits to directors and senior executives;• the Employee Performance Rights Plan (EPRP); and• the Tax Exempt Plan under which eligible employees may be issued up to $1,000 of shares, excluding senior executives and directors.

  • Awards made to eligible employees under the Exempt Plan will be tax free, provided participation is offered on a non-discriminatory basis to at least 75% of the Company’s Australian-resident permanent employees with at least three years’ service, the Exempt Plan is operated to comply with the restriction period referred to above, and provided the relevant employee’s adjusted taxable income for the year does not exceed $180,000.No grant has yet been made under the Exempt Plan.

  • In accordance with those requirements, fully paid ordinary shares acquired under the Exempt Plan cannot be disposed of or sold until the earlier of three years after the date on which theyare issued and the date on which the relevant employee ceases to be an employee of the Company.


More Definitions of Exempt Plan

Exempt Plan means, collectively, a trust governed by a registered retirement savings plan, a registered retirement income fund, a registered education savings plan, a deferred profit sharing plan, a registered disability savings plan and a tax free savings account, each as defined in the Tax Act;
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Exempt Plan means a trust governed by a registered retirement savings plan ("RRSP"), registered retirement income fund ("RRIF"), deferred profit sharing plan, registered education savings plan ("RESP"), registered disability savings plan ("RDSP") or tax free savings account ("TFSA"), all as defined in the Income Tax Act, collectively herein referred to as "Exempt Plans".
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Exempt Plan means a plan about which actuarial information does not have to be filed, as described in§ 2628.8(c) of this part.
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Exempt Plan means trusts governed by an RRSP, RRIF, deferred profit sharing plan, registered education savings plan, registered disability savings plan or TFSA (all within the meaning of the Tax Act), collectively referred to herein as "Exempt Plans";
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Related to Exempt Plan

  • Company Stock Option Plan means each share option plan, share award plan, share appreciation right plan, phantom share plan, share option, other equity or equity-based compensation plan, equity or other equity based award to any employee, whether payable in cash, shares or otherwise (to the extent not issued pursuant to any of the foregoing plans), or other plan or contract of any nature with any employee pursuant to which any share, option, warrant or other right to purchase or acquire shares of the Company or right to payment based on the value of Company shares has been granted or otherwise issued.

  • Stock Option Plan means any stock option plan now or hereafter adopted by the Company or by the Corporation, including the Corporate Incentive Award Plan.

  • Permitted Plan means any employee benefits plan of the Company or any of its Affiliates and any Person acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan.

  • Stock Option Plans means any stock option plan now or hereafter adopted by the Partnership or the General Partner.

  • Company Stock Option Plans shall have the meaning set forth in Section 3.07(a).

  • Exempt employee means an at will employee who serves at the discretion of the appointing authority in a position that is exempted by State law, the City Charter or SMC 4.13 from compliance with the provisions of the Personnel Rules or SMC Title 4 related to selection, discipline, termination or appeals of personnel actions to the Civil Service Commission.

  • Non-U.S. Benefit Plan has the meaning set forth in Section 3.20(a).

  • Nonqualified deferred compensation plan means a compensation plan described in Section 3121(v)(2)(C) of the Internal Revenue Code.

  • Non-U.S. Plan means any plan, fund or other similar program that (a) is established or maintained outside the United States of America by the Company or any Subsidiary primarily for the benefit of employees of the Company or one or more Subsidiaries residing outside the United States of America, which plan, fund or other similar program provides, or results in, retirement income, a deferral of income in contemplation of retirement or payments to be made upon termination of employment, and (b) is not subject to ERISA or the Code.

  • Section 409A Change in Control means a change in the ownership or effective control of the Company, or in the ownership of a substantial portion of the Company’s assets, as provided in Section 409A(a)(2)(A)(v) of the Code and Treasury Regulations Section 1.409A-3(i)(5) (without regard to any alternative definition thereunder).

  • Deferred Compensation Plan means any plan, agreement or arrangement maintained by the Company from time to time that provides opportunities for deferral of compensation.

  • BCDR Plan means the plan consisting of general business continuity and disaster recovery principles, the Business Continuity Plan and Disaster Recovery Plan as further described in paragraph 1.2 of Schedule 2- 14.

  • Qualified Allocation Plan or “QAP” means this Qualified Allocation Plan, which was adopted by Board Action on October 17, 2012 and made effective as of January 1, 2013, and which was approved by the Governor of the State of New Mexico pursuant to Section 42(m)(1)(B) of the Code and sets forth the Project Selection Criteria and the preferences for Projects which will receive Tax Credits.

  • U.S. Plan means any Employee Plan that covers Service Providers located primarily within the United States.

  • Share Option Plan means any equity incentive plan of the General Partner, the General Partner Entity, the Partnership and/or any Affiliate of the Partnership.

  • Supplemental Plan means a written plan for a child outlining the agency's plan to locate a permanent placement for the child and which may be developed concurrently with the case plan.

  • Qualified employer means the federal government.

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

  • Exit Plan means the exit management plan developed by the Contractor and approved by the Authority in accordance with Clause 44 (Exit Management).

  • Stock Plan means any stock incentive, stock option, stock ownership or employee benefits plan of the General Partner.

  • Section 409A means Section 409A of the Code and the regulations and other guidance promulgated thereunder.

  • Case plan means a written document developed by the PCSA, PCPA or Title IV-E agency and the family which identifies strengths of the family, concerns to be resolved and supportive services to be provided which will result in ensuring permanence for the child.

  • Sectional Plan means the sectional plan approved or to be approved by the Surveyor-General and to be registered in the relevant deeds registry;

  • Qualified Benefit Plan has the meaning set forth in Section 3.20(c).

  • Basic health benefit plan means any plan offered to an individual, a small group,

  • Short-term suspension means any disciplinary action whereby a student is not permitted to attend school for a period not to exceed ten school days.