Highly Compensated Individual definition

Highly Compensated Individual means an individual defined under Code Section 125(e), as amended, as a "highly compensated individual" or a "highly compensated employee."

Highly Compensated Individual means an individual who

Highly Compensated Individual means an individual who directly or indirectly receives compensation in excess of $500,000 for the performance of services used directly in a production. An individual receives compensation indirectly when the taxpayer pays a loan out company that, in turn, pays the individual for the performance of services.

Examples of Highly Compensated Individual in a sentence

• Additionally, the Plan’s Administrator may modify your election(s) downward during the Plan Year if you are a Key Employee or Highly Compensated Individual (as defined by the Internal Revenue Code), if necessary to prevent the Plan from becoming discriminatory within the meaning of the federal income tax law.

• Also, an election under this Plan may be modified during the Plan Year if you are a Key Employee or Highly Compensated Individual (as defined by the Internal Revenue Code), if necessary to prevent the Plan from becoming discriminatory within the meaning of the applicable federal income tax law.

• The Contractor shall take care that these facilities are not damaged.

• Additionally, the Plan’s Administrator reserves the right to adjust or modify your pre-tax election(s) duringthe Plan Year if you are a Key Employee or Highly Compensated Individual (as defined by the IRS Code) and such a mid- year adjustment is necessary to prevent the Plan from failing applicable non-discrimination testing required by IRS law.

• For purposes of this Section 9.1, “Highly Compensated Individual” shall mean (i) an officer of the Employer who is regularly and continuously involved in the business operations of the Employer; (ii) an individual that is “highly compensated;” or (iii) a spouse or dependent of a Highly Compensated Individual.

More Definitions of Highly Compensated Individual

Highly Compensated Individual means an individual described in section 414(q) of the Code who, during the current or preceding year: 1. Was a 5% owner as defined in section 416(i)(1)(B)(i) of the Code; 2. Received compensation in excess of $50,000, as indexed according to the cost of living in accordance with section 414(q)(1), and was in the top-paid group (the top 20% of employees, by compensation); 3. Received compensation in excess of $75,000, as indexed according to the cost of living in accordance with section 414(q)(1); or 4. Was an officer and received compensation in excess of 50% of the dollar limit under section 415 of the Code for defined benefit plans. (No more than three employees need be taken into account under this rule. At least one officer, the highest-paid officer if no one else meets this test, however, must be taken into account.)

Highly Compensated Individual means an individual whose income is $300,000 or more per year.

Highly Compensated Individual for the purposes of the Medical Expense Reimbursement Plan means an individual who is one of the 5 highest paid officers, a more than 10% shareholder or among the highest paid 25% of all employees (other than excluded employees who are not Participants).

Highly Compensated Individual means an Employee (and the Spouse and Dependents of such Employee) who is a “highly compensated individual” as such term is defined in Code Section 105(h)(5).

Highly Compensated Individual means an individual who is (1) one of the 5 highest paid officers, or (2) among the highest paid 25 percent of all Employees, except (i) Employees who have not completed 3 years of service, (ii) Employees who have not attained age 25, (iii) part-time or seasonal Employees, (iv) Employees not included in the plan who are included under a collective bargaining agreement, and (v) Employees who are nonresident aliens and who receive no earned income from a source within the United States.

Highly Compensated Individual means a person described in Code Section 125(e)(2) and the Treasury regulations issued under that Section.

Highly Compensated Individual means 2, for New Jersey studio