Profit Sharing Plans definition

Profit Sharing Plans. As defined in Section 3.17(d)(i).
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Profit Sharing Plans. . This means: Only such plans that are equally available to all full time employees. “Stock subscription plans”. This means: Only such plans that are equally available to all full time employees.
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Profit Sharing Plans has the meaning set forth in Section 3.18(d).
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Examples of Profit Sharing Plans in a sentence

  • Burden must not include Employee Profit Sharing Plans regardless of how defined or described.

  • Due to the tax consequences, I have been advised to seek competent tax advice pertaining to this distribution.Notice to Qualified Plan Trustee(s) - Trustee(s) of Qualified Retirement Plans (such as Money Purchase Plans, Profit Sharing Plans, 401(k) Plans, Defined Benefit Plans, etc.) or 457(b) Plans must provide the Qualified Joint and Survivor Annuity Notice, when applicable, to plan participants.

  • In addition, to the extent Section 6.13 (Special Rule for Certain Profit Sharing Plans) could apply to all or a portion of the assets, then, subject to Section 12.2, the Administrator will direct the distribution of assets to Participants in a lump-sum distribution.

  • The Income Tax Act (Canada) imposes penalties for the acquisition or holding of non-qualified or ineligible investments by Registered Retirement Savings Plans, Deferred Profit Sharing Plans, Registered Retirement Income Funds, Tax Free Savings Accounts, Registered Disability Savings Plans and Registered Education Savings Plans.

  • For Profit Sharing Plans and 401(k) Plans (except to the extent Section 12.10 applies), if elected in the Adoption Agreement, the Administrator, at the election of the Participant, shall direct the distribution to any Participant in any one Plan Year up to the lesser of 100% of the Vested interest of the Accounts selected in the Adoption Agreement, valued as of the last Valuation Date or the amount necessary to satisfy the immediate and heavy financial need of the Participant.

  • Pension and Profit Sharing Plans, in Valuation of Marital Property (State Bar of Nevada 1990), Text for CLE Seminar.

  • If your Account is an institutional (Corporation, Non-Profit Organization, Non-Corporate Organizations, Partnerships, Estates, Pension and Profit Sharing Plans (not including IRAs and Employee Stock Ownership Plans) and other Trusts) account, you are liable for all unauthorized Transfers up to the time at which you notify us or Clearing Firm.

  • If your Account is a "Commercial Account" (which is defined in this Advantage Agreement as an account for a Corporation, Nonprofit Organization, Noncorporate Organization, Partnerships, Estates, Pension and Profit Sharing Plans [not including IRAs and Employee Stock Ownership Plans] and other Trust), you are liable for all unauthorized Transfers up to the time at which you notify us.

  • If Employee is ready, willing and able to work and Finance, for whatever reason, does not utilize the services of Employee for substantially the same professional duties for a total period of ninety (90) days during the life of this Agreement or elects to transfer Employee outside the Hampton Roads Virginia area and Employee is unable to transfer for any reason, Employee will be entitled to all salary, Executive Profit Sharing Plans, and benefits as provided in Section 10.2 of this Agreement.

  • In computing net pre-tax earnings, no deductions shall be taken or allowances made for (i) federal or state income taxes paid or accrued, or for (ii) Executive Profit Sharing Plans paid by TFC to Employee, pursuant to this plan and to any other Employees who participate in this plan.


More Definitions of Profit Sharing Plans

Profit Sharing Plans has the meaning set forth in Section 5.20(d).
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Profit Sharing Plans means the Employees’ Profit Sharing and Salary Deferral Plan of SM&P Utility Resources, Inc., together with its corresponding Adoption Agreement, and any successor plan and adoption agreement; and the Executive Non-Qualified Excess Plan of SM&P Utility Resources, Inc. and its corresponding Adoption Agreement, and any successor plan and adoption agreement; as well as any other profit-sharing, deferred compensation or pension plan of SM&P as may be adopted from time to time after the date of this Agreement.
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Profit Sharing Plans means (i) the Exeter Drilling Company Amended and Restated Profit Sharing Plan, and (ii) the J. W. Xxxxxx Xxxl Service Company Profit Sharing Plan.
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Profit Sharing Plans means each of the profit sharing plans described in Part B of Exhibit 16; Properties means the Business Property and the Target Companies Properties;
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Related to Profit Sharing Plans

  • Profit Sharing Plan means a profit-sharing plan that is qualified pursuant to 26 U.S.C. § 401 of the Internal Revenue Code and subject to the Employee Retirement Income Security Act, and which provides for employer contributions in the form of cash, but not in the form of stock or other equity interests in a Medical Marijuana Business.

  • Retirement Plans means the retirement income, supplemental executive retirement, excess benefits and retiree medical, life and similar benefit plans providing retirement perquisites, benefits and service credit for benefits at least as great in the aggregate as are payable thereunder prior to a Change in Control;

  • Savings Plan or "plans" means a plan that provides different investment strategies and allows account distributions for qualified higher education expenses.

  • Incentive Compensation Plans means annual incentive compensation plans and long‑term incentive compensation plans of the Company, which long‑term incentive compensation plans may include plans offering stock options, restricted stock and other long‑term incentive compensation.

  • Compensation Plans shall have the meaning set forth in Section 3.11(b).

  • Thrift Plan means the Financial Institutions Thrift Plan, a qualified and tax-exempt defined contribution plan and trust under Sections 401(a) and 501(a) of the Code, as adopted by the Bank.

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

  • SERP has the meaning assigned thereto in Section 5(c) hereof.

  • Company 401(k) Plan has the meaning set forth in Section 6.4(e).

  • Retirement Plan means a plan which provides retirement benefits to you and which is not funded wholly by your contributions. The term shall not include a profit-sharing plan, informal salary continuation plan, registered retirement savings plan, stock ownership plan, 401(K) or a non-qualified plan of deferred compensation.

  • pension means a pension or annual allowance paid under the Public Service Superannuation Act (PSSA), R.S., 1985, c. P-36, and any increases paid pursuant to the Supplementary Retirement Benefits Act, R.S., 1985, c. S-24 as it affects the PSSA. It does not include pensions payable pursuant to the Canadian Forces Superannuation Act, R.S., 1985, c. C-17, the Defence Services Pension Continuation Act, 1970, c. D-3, the Royal Canadian Mounted Police Pension Continuation Act , 1970, c. R-10, and the Royal Canadian Mounted Police Superannuation Act, R.S., 1985, c. R-11, the Members of Parliament Retiring Allowances Act, R.S. 1985, c. M-5, and that portion of pension payable to the Canada Pension Plan Act, R.S., 1985, c. C-8.

  • Multiple employer welfare arrangement means a multiple employer welfare arrangement

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

  • Incentive Compensation Plan means any plan, agreement or other arrangement that provides for the grant or issuance of equity or equity-based awards and that is now in effect or is hereafter adopted by the Company or the Manager for the benefit of any of their respective employees or other service providers (including directors, advisers and consultants), or the employees or other services providers (including directors, advisers and consultants) of any of their respective Affiliates or Subsidiaries.

  • Company Benefit Plans has the meaning set forth in Section 3.16(a).

  • Parent 401(k) Plan has the meaning set forth in Section 6.6(e).

  • Parent Benefit Plans has the meaning set forth in Section 5.07(b).

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

  • Flexi Plan means any individual indemnity hospital insurance plan under the VHIS framework with enhancement(s) to any or all of the protections or terms and benefits that the Standard Plan provides to the Policy Holder and the Insured Person, subject to certification by the Government. Such plan shall not contain terms and benefits which are less favourable than those in the Standard Plan, save for the exception as may be approved by the Government from time to time.

  • Health benefits plan means a benefits plan which pays or

  • Company Benefit Plan has the meaning specified in Section 4.13(a).

  • Car sharing period means the period of time that:

  • 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.

  • Qualified Plans has the meaning set forth in Section 5.20.

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

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.