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;

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;

Examples of Exempt Plan in a sentence

• Unless otherwise provided in the Adoption Agreement, an annuity form of payment under Section 11.1(b) will not be available to a Participant in an Annuity Exempt Plan.

• The Vanguard Mutual Funds made available for investment are subject to change from time to time, due to limitations imposed by the Vanguard Mutual Fund (fund closure, for example), direction of the Employer or other applicable fiduciary (except with respect to an Exempt Plan), and/or by the Custodian or Recordkeeper for administrative reasons.

• The Plan shall, at all times, conform to the requirements of ERISA, and the applicable sections of the Internal Revenue Code for purposes of maintaining it as a "Qualified" and "Exempt" Plan, and be maintained in accordance with the provisions of, and for the purposes of this Agreement and Declaration of Trust.

• Unless the Plan is an Annuity Exempt Plan (as described in Section 11.4(d)), the spouse of a married Participant’s must consent to an in-service withdrawal under this section.

• Each employee of the Company and any Company Subsidiary shall at the Effective Time become fully vested in his or her accrued benefit under each Exempt Plan.

• Under an Annuity Exempt Plan a Participant will receive the benefit from the Plan in the form of a lump-sum payment under Section 11.1(a) of the Plan, unless the Participant elects another method of distribution available under Section 11.1 of the Plan.

• Under an Annuity Exempt Plan a Beneficiary will receive the benefit from the Plan in the form of a lump-sum payment under Section 12.2(a) of the Plan, unless the Adoption Agreement allows the Beneficiary to elect another method of distribution available under Section 12.2 of the Plan or the Participant to designate the form of payment in the Designation of Beneficiary Form.

• Unless otherwise provided in the Adoption Agreement, an annuity form of payment under Section 12.3(a) will not be available to the Beneficiary of a Participant in an Annuity Exempt Plan.

• Each Company Plan that is an Employee Pension Benefit Plan is either a Qualified Plan or an Exempt Plan, and each such Qualified Plan, as most recently amended and currently in effect, is the subject of a favorable determination letter from the Internal Revenue Service with respect to its qualified status.

• As such, unless otherwise provided in the Adoption Agreement a qualified joint and survivor annuity will not be available for the retirement benefits of a Participant in an Annuity Exempt Plan.

More Definitions of Exempt Plan

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.

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, registered disability savings plan or tax- free savings account ("TFSA") (all within the meaning of the Tax Act), collectively referred to herein as "Exempt Plans";

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";