Matching Compensation definition

Matching Compensation means, for a Participant for a Plan Year, the portion of the Participant’s Compensation that exceeds the limitation applicable for such Plan Year under Code Section 401(a)(17).
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Matching Compensation means (a) for Group I Employees and Group II Employees - Base Salary, plus Bonus, for the Plan Year, and (b) for Group III Employees - Base Salary for the Plan Year.
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Matching Compensation means, with respect to an Evergy Metro Union Employee, such Employee’s Annual Compensation, exclusive of overtime pay described in Subsection 1.4(d); provided, however, that any overtime pay included in the Annual Compensation of a member of Local 1464 pursuant to Subsection 1.4(b) shall remain part of his or her Matching Compensation.
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Examples of Matching Compensation in a sentence

  • For the avoidance of doubt, an Initial Participant’s Matching Compensation and Non-Elective Compensation for the 2020 Program Year shall take into account compensation that would have been taken into account for purposes of determining such Envista Participant’s Matching Compensation and Non-Elective Compensation under the Danaher ECP for the 2020 Program Year had the Envista Participant not transferred from the Danaher ECP to this Program.

  • For the avoidance of doubt, an Initial Participant’s Matching Compensation and Non-Elective Compensation for the 2023 Program Year shall take into account compensation that would have been taken into account for purposes of determining such Veralto Participant’s Matching Compensation and Non-Elective Compensation under the Danaher ECP for the 2023 Program Year had the Veralto Participant not transferred from the Danaher ECP to this Program.

  • For Evergy Metro Union Employees, an amount equal to 6% of the Participant’s Matching Compensation for the Payroll Period.

  • Such contribution shall be made in cash, Employer Stock, or both, in an amount equal to 75% of the portion of the Participant’s Elective Contribution for such Payroll Period that is attributable to his or her Matching Compensation, with such 75% Matching Contribution amount not to exceed 6% of that portion of the Matching Compensation payable to him or her for such Payroll Period (for a maximum Matching Contribution equal to 4.5% of Annual Compensation).

  • The Employee Retirement Income Security Act of 1974, as it may be amended from time to time 1.19 Matching Compensation.

  • The Eligible Employee’s Matching Credit for a calendar year, if applicable, shall equal one hundred percent (100%) of the Eligible Employee’s elective deferrals to the Plan that do not exceed four percent (4%) of the Eligible Employee’s Matching Compensation for such calendar year.

  • The Eligible Employee’s Supplemental Credit for a calendar year, if applicable, shall equal one percent (1%) of the Eligible Employee’s Matching Compensation for such calendar year.

  • Specified Matching Compensation Percentage shall mean the percentage of Compensation that is specified by the Board for the Plan Year for purposes of determining the maximum amount of Matching Contributions for such Plan Year.


More Definitions of Matching Compensation

Matching Compensation means, for a Participant for a Plan Year, the portion of the Participant’s Compensation that exceeds the limitation applicable for such Plan Year under Code Section 401(a)(17). For the Plan Year beginning January 1, 2009, Matching Compensation shall also include that portion of the Participant’s Compensation attributable to the Annual Bonus earned during 2008 and payable in 2009.
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Related to Matching Compensation

  • Matching Contribution means Employer contributions made to this Plan or any other defined contribution plan by reason of Thrift Contributions or Elective Deferrals under this Plan.

  • 414(s) Compensation means any definition of compensation that satisfies the nondiscrimination requirements of Code Section 414(s) and the Regulations thereunder. The period for determining 414(s) Compensation must be either the Plan Year or the calendar year ending with or within the Plan Year. An Employer may further limit the period taken into account to that part of the Plan Year or calendar year in which an Employee was a Participant in the component of the Plan being tested. The period used to determine 414(s) Compensation must be applied uniformly to all Participants for the Plan Year.

  • Basic Compensation means Salary and Benefits.

  • Matching Contributions are contributions made by the Employer on account of elective deferrals under a Code Section 401(k) arrangement or on account of employee contributions. Matching contributions also include Participant forfeitures allocated on account of such elective deferrals or employee contributions.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Earned Compensation means any Annual Base Salary earned, but unpaid, for services rendered to the Company on or prior to the date on which the Employment Period ends pursuant to Section 3(a) (but excluding any salary and interest accrued thereon payment of which has been deferred).

  • 415 Compensation means:

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Company Matching Contributions means the Company contributions described in Section 3.4.

  • Deferral Contribution means any contribution made to the Plan by the Employer in accordance with the provisions of Section 5.03.

  • Elective Deferrals are all Salary Reduction Contributions and that portion of any Cash or Deferred Contribution which the Employer contributes to the Trust at the election of an Eligible Employee. Any portion of a Cash or Deferred Contribution contributed to the Trust because of the Employee's failure to make a cash election is an elective deferral. However, any portion of a Cash or Deferred Contribution over which the Employee does not have a cash election is not an elective deferral. Elective deferrals do not include amounts which have become currently available to the Employee prior to the election nor amounts designated as nondeductible contributions at the time of deferral or contribution.

  • Compensation Year means a period of 12 months expiring 31 March in any year;

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Compensation Deferral means the amount or amounts of the Director's Compensation deferred under the provisions of Section 3 of this Agreement.

  • Elective Deferral means the portion of Compensation which is deferred by a Participant under Section 4.1.

  • Covered Compensation means any Incentive-Based Compensation granted, vested or paid to a person who served as an Executive Officer at any time during the performance period for the Incentive-Based Compensation and that was Received (i) on or after October 2, 2023 (the effective date of the Nasdaq listing standards), (ii) after the person became an Executive Officer, and (iii) at a time that the Company had a class of securities listed on a national securities exchange or a national securities association such as Nasdaq.

  • Eligible Compensation means, with respect to each Participant for each pay period, the full salary and wages paid to such Participant by the Company or a Participating Subsidiary, including commissions, bonuses (to the extent not excluded below), overtime pay and shift differentials. Except as otherwise determined by the Committee, “Eligible Compensation” does not include

  • Deferred Compensation Award means an award of Stock Units granted to a Participant pursuant to Section 11 of the Plan.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Final compensation of a member means:

  • Annual Compensation means an amount equal to the greater of:

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Cash Compensation means any discount, concession, fee, service fee, commission, sales charge, loan, override, or cash benefit received by a producer in connection with the recommendation or sale of an annuity from an insurer, intermediary, or directly from the consumer.