IRC Section 4980B definition

IRC Section 4980B means Section 4980B of the IRC.
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Examples of IRC Section 4980B in a sentence

  • For example, there is a difference of about five children per woman between respondents that had no education and those with tertiary (higher) level of education in 1990 while the difference is about two children between women from the North West and those from the South West during the same year.

  • The requirements of Part 6 of Subtitle B of Title I of ERISA and of IRC Section 4980B have been met with respect to each such Employee Benefit Plan which is an Employee Welfare Benefit Plan.

  • Each of the CBES Employee Plans which is a group health plan within the meaning of IRC Section 5000(b)(1) is in compliance with the continuation of health care coverage requirements contained in IRC Section 4980B and ERISA Section 601 et seq.

  • At such time as Company shall no longer maintain a Company Plan subject to COBRA, Parent shall provide, or cause to be provided, notice and continuation coverage required under IRC Section 4980B and/or Part 6 of Title I of ERISA to each person who is a "M&A qualified beneficiary" (within the meaning of Prop.

  • In particular, Elavon shall not assume liability for any group health continuation coverage or coverage rights under IRC Section 4980B and ERISA Section 606 which exist as of the Closing Date or the Effective Date or which may arise in connection with any Merchant Business Employee or any Employee Benefit Plan.

  • Section 54.4980B-9; the "Treasury Regulation") as a result of the transactions contemplated by this Agreement (collectively, "Transaction M&A Qualified Beneficiaries"), and, Parent shall provide continuation coverage required under IRC Section 4980B and/or Part 6 of Title I of ERISA to each Transaction M&A Qualified Beneficiary.

  • Borrower has timely provided all health care continuation coverage required under IRC Section 4980B, and has timely notified all employees, as required by §4980B, of the right to elect health care continuation coverage.

  • With respect to each Benefit Plan that is a welfare plan (as defined in ERISA Section 3(1)): (i) no benefits are provided for employees or their beneficiaries for periods extending beyond termination of employment, except as required by law; (ii) there are no reserves, assets, surplus or prepaid premiums under any such plan; and (iii) each Company has fully complied with IRC Section 4980B, and Part 6 and 7 of Title I of ERISA.

  • All liabilities and obligations relating to the employment of any person prior to the Effective Time, including severance costs and obligations under IRC Section 4980B, are Excluded Liabilities.

  • The requirements of IRC Section 4980B and Part 6 of Subtitle B of Title I of ERISA relating to continuation of health coverage have been satisfied with respect to each such Benefit Plan that is subject to such requirements.

Related to IRC Section 4980B

  • Tomographic section means the volume of an object whose x-ray attenuation properties are imaged in a tomogram.

  • IRC means the Internal Revenue Code of 1986, as amended.

  • Health Insurance Portability and Accountability Act means the Health Insurance Portability and Accountability Act of 1996, Pub. L. No. 104-191, 110 Stat. 1936, as amended.

  • Description Section means the section on page one of the Certificate describing the Company's operations and the

  • Non-Section 423 Component means those Offerings under the Plan, together with the sub-plans, appendices, rules or procedures, if any, adopted by the Administrator as a part of this Plan, in each case, pursuant to which rights to purchase Shares during an Offering Period may be granted to Eligible Employees that need not satisfy the requirements for rights to purchase Shares granted pursuant to an “employee stock purchase plan” that are set forth under Section 423 of the Code.

  • Section 409A of the Code means the nonqualified deferred compensation rules under Section 409A of the Code and any applicable treasury regulations and other official guidance thereunder.

  • Form 4224 means Form 4224 (Exemption from Withholding of Tax on Income Effectively Connected with the Conduct of a Trade or Business in the United States) of the Department of the Treasury of the United States of America (or in relation to either such Form such successor and related forms as may from time to time be adopted by the relevant taxing authorities of the United States of America to document a claim to which such Form relates).

  • Public Sector means an employing authority as defined in s5 of the Public Sector Management Act 1994.

  • Nominal tomographic section thickness means the full width at half-maximum of the sensitivity profile taken at the center of the cross-sectional volume over which x-ray transmission data are collected.

  • the Code means the Pension Regulator’s Code of Practice No 14 governance and administration of public service pension schemes.

  • Code Section 409A means Section 409A of the Code and all regulations issued thereunder and applicable guidance thereto.

  • ERISA means the Employee Retirement Income Security Act of 1974, as amended.

  • Budget-related Policy means a policy of a municipality affecting or affected by the annual budget of the municipality, including-

  • O. Reg. 419/05 means the Ontario Regulation 419/05, Air Pollution – Local Air Quality.

  • Line section means either that portion of an EDU's electric system connected to a customer bounded by automatic sectionalizing devices, the end of the distribution line, or a line segment identified as appropriate for study by a utility engineer.

  • Internal Revenue Code means the Internal Revenue Code of 1986, as amended, or any successor statute.

  • Short-Term Deferral Period means the period ending on the later of the 15th day of the third month following the end of the Executive’s tax year in which the separation from service occurs and the 15th day of the third month following the end of the Company’s tax year in which the separation from service occurs; and

  • Statutory Penalties are those amounts awarded as a penalty, but are fixed in amount by statute.

  • Foreign Pension Plan means any plan, fund (including, without limitation, any superannuation fund) or other similar program established or maintained outside the United States of America by the Borrower or any one or more of its Subsidiaries primarily for the benefit of employees of the Borrower or such 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 which plan is not subject to ERISA or the Code.

  • Federal Income Tax means any Tax imposed by Subtitle A of the Code, and any interest, penalties, additions to tax, or additional amounts in respect of the foregoing.

  • Federal internal revenue code means the internal revenue code of the United States in effect on the last day of the taxpayer's tax year.

  • Short-Term Payout means the payout set forth in Section 4.1.

  • Section means a section of the Act.

  • Treasury Regulations means the regulations promulgated under the Code.

  • Social Security Act means the Social Security Act of 1965 as set forth in Title 42 of the United States Code, as amended, and any successor statute thereto, as interpreted by the rules and regulations issued thereunder, in each case as in effect from time to time. References to sections of the Social Security Act shall be construed to refer to any successor sections.

  • Group health insurance coverage means in connection with a group health plan, health insurance